Listen Carefully To Everything Said, Remember As Well. Make Sure Nothing You Were Told Changes... (Not Everything Is In Writing) Watch Out For We Have A Friend In The Business Or Your Co-Worker's Wife, Relatives & An Agent From Church... Business Is Business! Some Sales People Seem Not To Work At Their Best When They Know They Can Be A Little Lazy And Get Away With It. When They Can Put You Off Until It's Convenient For Them.... Read More...
You are going to shop for a home, get the best price, feel good about yourself, then you think the battle is over. That you just apply for a loan, kick back, wait till closing, right? Wrong! The lender that you choose will make or break the transaction. When you have a local lender, your Loan Officer is available in person, your loan is processed here, in the St. Louis area. If you have a problem, you can get in someone's face... But if you will consider my advice, your loan will go smooth....
A Summary Of The Glen Carbon Real Estate Mortgage Process:
2. Purchase a Home For Sale In Glen Carbon.
3. Apply For Your Loan
4. The Processing Of Your Loan Application...
1. Stand from the house you are considering. Look at roof, gutters, condition of trees, houses on both sides, Garage door.
2. We will walk up and look for settlement & cracks in the flat work (side walks,
steps and drive way) We also want to
see how steep the driveway is. Look at
the condition of the landscaping.
Home inspectors for the most part rely on real estate agents to send them
business. Unless you look in the phone book to find your own, you'll use the
inspector recommended by your agent.
Here's what the Spec sheet will either say...
Exemptions: NO EXEMPTIONS.
Exemptions: Owner Occupied.
Exemptions: Senior Citizen Homestead Deduction.
Exemptions: Senior Citizen's Property Assessment Freeze.
Exemptions: Builder Display.
The biggest myth: Buyers will save money if they buy a FSBO... That's
not always true. A seller calls three real estate agents to obtain market
value for their house, let's say the seller determines the house is worth
$225,000 and out of that the seller has to pay out $13,500 to the brokerage
firm, and then net $211,500.
Some people I have worked with really Flip-Out when they find out about the control the "Homeowners Association" has on their home & grounds.
Q: What happens if the house does not pass my inspections?
A: If you used the right contract, you get the Earnest Money back...
Q: What happens if I "Just Change My Mind" and not buy the house?
A: It is very possible you would lose your Earnest Money...
Q: If the deal falls apart, can my agent get me my Earnest Money back?
Q: If the deal falls apart, can my Lender get me my Earnest Money back?
If the house has been on the market for 30+ days, (DOM 30) now
you have a better position to bargain, actually after the first week,
but sellers are not ready to give-in that soon. We now know the house
has been exposed to the market, this seller needs you.
Some will lie to achieve their goal.
Some will steal to achieve their goal.
Some will terminate your friendship to achieve their goal.
Stay alert to anyone attempting to deceive you.
Carefully read / listen to every word exchanged.
Listen carefully to hear what is the loudest in the mind of another.
Make no decision without sufficient information.
Stay cheerful & positive.
Define clearly what you expect.
The buyer & sellers are sitting in separate rooms. Usually the
loan officer sits down & will have you sign the loan package.
(this will take 45-60 minutes) I will leave the room at this
time to respect your financial privacy. Then the closing officer
will enter the room, have you sign the deed & other legal documents.
Question: What do I need to do to get a radon inspection of my house?
Professional radon measurement inspectors are often listed in the telephone yellow pages.
You also may contact your state radon office, which may provide you with a list of qualified testers.
WHY A SHORT SALE?
A short sale is a situation in which the real estate seller owes more money on the loan(s) secured by the real estate than the sale of the property will likely produce on the market.
The seller is in a distressed situation, but the bank/lender has not yet taken title from the seller through the foreclosure process. At this point, there might be a window of opportunity for the seller to put the real estate on the market and try to sell it in order to at least partially satisfy the lender who holds the mortgage.
In 1799, David Bagley, a Virginia Baptist minister passed through the Glen Carbon area and determined that it was a land of such expanse and luxuriant vegetation that he compared it to the Biblical "Land of Goshen." References to this Land of Goshen have persisted since that time. In 1801, Colonel Samuel Judy received a military grant for 100 acres of land near the base of the bluffs, just north of Judy's Creek and became the first permanent settler of Glen Carbon. The area became known as the Goshen Settlement, and while its boundaries were never clearly outlined, it was centered on the Judy property at the junction of Judy Creek and present day Route 157, Currently Glen Carbon.
34 Julie Drive - Glen Carbon, IL 62034
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