Searching for just the right place could take a long time. And in today's economy it can be long and arduous time. There are many choices however what one may consider "just right" may discourage a Buyer/Seller with a long drawn out wait.
We are waiting for approvals, acceptances from banks and documentation from buyers for approvals. It's slow going and we all have to keep in mind "Patience is a Virtue." New construction condo projects, years in the making still has issues upon closing. Lenders have their requirements, a certain amount of units that must be closed before any they'll authorize loans, high credit scores, consistency and more. Who wants to be the first to close? Who can? In reality many cannot close during the beginning of this process with such stringent rules. It puts deposits and property at risk. However, the key is to be patient and resourceful. Don't stop at the first or second No.
Short sales are challenging and for the most part take a lot of dedication and many new professionals added to the process. The wait time here is unpredictable and at quite often Buyers are unwilling to hold out and stay the course. Slow going...
There are many people, professionals and processes that are affected by our current market challenges and unfortunately we must all expect to be mindful, real estate Today means slow going.
If you are patient and realistic about your expectations, you will transition slow and deliberate. If you are are aware and in constant communication with your real estate professionals, REALTOR, Mortgage Broker, Lender, etc., you will sail through the process although occasionally anchored, with more ease and confidence. Ultimately you will meet your goals, buying and/or selling.
More to come...
You're questions answered.
Felicia Romano
REALTOR Gurl's Blog Spot!
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