Linda Kay -The Barefoot Realtor: October 2012

Wednesday, October 3, 2012

The Ten Commandments of Lending

The Ten Commandments of Lending

Okay so one of the guys here in my new office brought this flyer in to me. It's a very useful tool for buyers to make sure they don't sabotage their own loan while in the process!

1. Thou shalt NOT change jobs or become self-employed until after closing

2. Thou shalt NOT buy a car, truck or van unless you plan to live in it

3. Thou shalt NOT use your credit cards or let payments fall behind

4. Thou shalt NOT spend any of the money you saved for your down payment

5. Thou shalt NOT buy furniture before you buy your house

6. Thou shalt NOT originate any new inquiries on your credit report

(Don't test drive cars as they sometimes pull your credit without you being aware...)

7. Thou shalt not make any large deposits into your bank account(s)

8. Thou shalt NOT change banks or bank accounts

9. Thou shalt NOT co-sign for anyone

10. Thou shalt NOT purchase anything until after closing

So a big thank you to Steve Chavarria for providing this useful tool and for giving me permission to use it!

If you are thinking of moving into my area of Southern California, please don't hesitate to contact me for more local information and listings. I will be more than happy to answer any questions and get you on the right path to homeownership!

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana.

Warmest Regards,
Linda K. Mayer, Realtor
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

The Other Side of The Coin - Part 2

The Other Side of The Coin - Part 2

Okay so here's my second post on our personal experience of short-selling our home and finding a home to lease. It's always nice for a seller or buyer to know that we understand what they are actually going through and how they are feeling. And I especially now can understand the buyers perspective and the sellers perspective from a whole new viewpoint. (If you missed Part 1, click it to read the first installment.)

My husband, in all his wisdom, has decided that he needs to read every piece of mail offering to short sell, modify or otherwise help with our house situation. He even sits through the continuous phone calls to hear their spiel in order to help tell me how to better do my job. (Like I haven't been doing this for a long time now...).

Honestly, at first he made me upset - I guess the stress of having to short sell your home is frustrating anyway. I mean after the like 50th call and the 100th piece of mail, you get a little sick and tired... but he saved me this one piece of mail that he really liked. It had some wonderful ideas of what to say and how to say it. What a great guy to put up with it all!

So by now, I am totally positive that the pieces of junk mail and the phone calls are extremely overwhelming to the seller/buyer. It's making me stop and think from the other side of the coin. Game changer, maybe. We shall see!

Stay Tuned for PART 3.

If you are thinking of moving into my area of Southern California, please don't hesitate to contact me for more local information and listings. I understand where you are coming from as a seller/buyer/renter, and I will be more than happy to answer any questions and get you on the right path to homeownership!

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana.

Warmest Regards,
Linda K. Mayer, Realtor

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website

Tuesday, October 2, 2012

The Other Side of The Coin

The Other Side of The Coin

Okay so, most of these blogs have been written from the Realtor's perspective. But since we are in the middle of short-selling our home, I decided to write about it from a sellers/renters perspective. It's always nice for a seller or buyer to know that we understand what they are actually going through and how they are feeling.

Let me start with trying to lease a house. For starters, we looked at like 15 homes in the area we wanted to be in. My husband gets easily tired of doing the same thing, so this was broken up in to different days and times. And we finally narrowed it down to two. We submitted an offer on choice number one about a month ago. No answer, no answer, no answer. Finally I had to threaten to go to another home if I didn't get an answer. REALLY? How do some agents stay in business? And the things he asked for to lease the house... pictures of the dogs, pictures of the family, he came over and took pictures of our current home... again I ask, REALLY?

On home number two, the agent kept contacting me. What a difference. He suggested three or four different homes for us to preview. He texted me repeatedly letting me know he was really trying to help us out. He never asked to see the dogs or come to our home. He was courteous and friendly.

Anyway, long story short, we got our home and will be starting to move October 15th... the dogs will be happy, the kids are excited and we got a DEAL.

Stay tuned for part two!

So if you are thinking of moving into my area of Southern California, please don't hesitate to contact me for more local information and listings. I understand where you are coming from as a seller/buyer/renter, and I will be more than happy to answer any questions and get you on the right path to homeownership!