| Who is Involved? |
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There can be many people involved in a real estate transaction. I will give you a brief description of each;
- Mortgage Consultant
For the past 10 - 15 years independent mortgage specialists have been providing clients with more
options, at better rates, with greater service. I am specifically trained in mortgage lending, and can provide sound advice to ensure
the best deal for you. The lenders have decided that because they don't have to hire, house, and train me, they will pay me a finders fee to
originate the mortgage. This means that, although I can charge, I typically do not charge to get you the best deal. I am available in evenings
and weekends, so the offer you want to tender Saturday evening and need assurance that you can do it, give me a call.
- Realtor
When you are making the biggest purchase of your life, using a professional real estate agent can help ensure things go
smoothly. Realtors are bound to keep your best interest at hand, they will work through the legalities of the contracts, work on keeping things on schedule,
and are excellent sources to determine value of property.
- Appraisers
Coming up with a value on property is very hard, as the market is constantly changing. An appraiser has the
specific knowledge to come up with the real value of a property. They use a number of different methods to find the value. An appraisal usually
consists of the type of property, the type of improvements (the house) and comparable properties in the area that have sold.
- Home Inspector
A little different from an appraiser, inspectors will walk around the property looking for defects that
could end up costing money. They will check the furnace, air conditioner, roof, foundation, walls, insulation, and more. Though not required by a lender,
it is a good idea to get someone in to look at the property.
- Insurance Provider
This is for fire insurance. You will have to arrange coverage for fire insurance, and make the coverage
payable to the lender. In the case of a fire, your lender will disperse the money to ensure the house is rebuilt. Make sure you tell the insurance
agent everything, so you don't void the coverage.
If you have any questions, please feel free to call me anytime.
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