Purchasing a home is a complicated process and it's always best to work with a Professional Realtor who knows the market and the ins and outs of the procedure. Many people think Real estate agents are simply door openers by gaining access to properties that are on the market. Nothing could be further from the truth and why anyone would put what may be their largest single investment into the hands of someone who "tries" to sell real estate as a part time way to make extra money is beyond me.
Today I received a call from my grown son who lives in another state with his wife. That's always a good thing when the kids call the old guy just to say hey and let me know how things are going with them. Next month we will get to see one another at my daughters wedding and we got some of the details worked out. Then comes the Real Estate question that prompted this article.
Seems my son has a friend who at the ripe ole age of 21 decided he needed to buy a home of his own. Tim is a very smart young man to realize the benefits of owning a home but by not knowing how to go about it he may not realize that goal at the moment. Seems Tim made an offer on a property that was accepted by the seller and into escrow they go. Good thing!!!!! Lender says his bank can and will make the loan. Another good thing.!!!! Tim is told by his agent not to worry through the whole process as everything will be fine. He expected to get his keys this past Wednesday but oooops no closing. Bad thing!!!!!
Apparently the lender is having trouble fitting the loan into their guidelines as Tim cannot document all of his income. That happens sometimes but can at times be resolved if everyone works together. My son then asks me what could be done for Tim to get his home. Not knowing the whole situation and not wanting to stick my nose into others transaction I asked my son where Tim's agent was through out this whole process. Well it turns out Tim's agent is actually a auto mechanic at the dealership Tim works at and he promised to refund 50% of his commission at the close of escrow but he obviously does not have the time to keep up with real estate during the week. Bad thing!!!!!
I did tell my son how I would have handled this transaction but after all I work full time for my clients. Tim may have to start all over in his search for a home and hopefully he will work with a Realtor who actually has the time to work for his client and is not just wanting to make a few "extra" bucks with his hobby. He lost out once on a home he loved by greed in wanting back part of the agents commission and going with someone who does not understand nor respect our Profession.
If you are looking to buy a home in Southwest Riverside County including Murrieta, Temecula and Menifee please feel free to contact me. You can rest assured I work full time and very diligently for my clients and I will find you your next home. If your car is not running smooth take it to a professional mechanic but if you are looking for a home call a Professional Realtor.
Central A/C
