|
Author: Suzie Shannon Article source: http://www.kabish.com/. Used with author's permission.
Some people in the real estate industry have a terrible reputation. Why, because they deserve it. A lot of hard earned money trades hands and if things go wrong that leaves a very bitter taste in the injured parties mouths.
In real estate most people stay in the house for a long time. If they don't, many times they sell the house themselves or quite often deal with different professionals the next time around. This doesn't always mean they were dissatisfied the first time. Sometimes a new agent sells him or herself. Believe it or not sometimes the property will be listed and a seller and buyer meet. Then when the listing expires, guess what.
The mortgage company is usually the one that profits most from the transaction. Sometimes the seller makes a pretty nice profit. In my opinion agents and brokers usually make too much money for the service they are supposed to provide. For example a broker can make $18,000 or more on a $300,000 house which is no more work, in fact usually it is less work than a $50,000 property. The other professionals, excluding the mortgage company, charge a very small set fee. An appraiser only gets $300 to $400 which is regulated by VA (for VA loans) and the market. The attorneys, surveyors and inspectors get even less. If they charge more, most agents will use someone else.
Two things are collected up front at the mortgage company. An appraisal fee and credit report fee. Many times the purchaser has been overcharged for these fees. Always check your settlement statement. They are also told that the appraiser has to be paid up front when the truth is, many times the appraiser isn't paid for several months.
Last year it was brought to my attention by some refinancers that their loans had been delayed because the lender didn't have the appraisal. I told them they did have the appraisal. Then the homeowners contacted me and told me that after four months of not closing, the officer left the company, went somewhere else and wrote a letter of apology. He stated that the manager had instructed him to stall the loan in anticipation of a rate incease. Suzie is a licensed real estate broker and certified residential appraiser with 20 years experience. Other professionals have contributed as well. http://www.freewebs.com/realestatenews
How Wives with Cheating Husbands Can Gain the Upper Hand Wives with cheating husbands don't have to suffer in silence or put up their husband's infidelity. There are practical things they can do behind the scenes to ...
Search Engine Optimization for Beginners Learn what search engine optimization is all about and why you have nothing to fear when promoting your site!
Tips For First-Time Home Buyers Congratulations! You've decided to take the very important step of leaving the world of renting to achieve the status of homeowner. You are no doubt aware of th...
Happiness Is In Our Own Hands Let's face it. No one else can make us happy except ourselves. Others can help, of course, but even if we have all we need for happiness we can still make ourse...
How My Four Your Old Son Reacted To The Death Of His Great Nanny Biscuits My nan was called Margaret and lived until the age of eighty eight. Unfortunately she died in hospital and this article describes how my son reacted to the news...
How to Lower a Wedding Cake Price Have you wondered why wedding cakes costs hit the roof? Why do they cost so much? You will be amazed to know that the prices could touch $15 per person or more?
Waiora Top Recruiters Using Conversational Recruiting In interviews with top MLM recruiters nationwide we've discovered 7 critical themes that keep recurring...
Skilled Mechanic Wage Study Review Labor Issues Study; finding skilled automotive technicians for your automotive business.
Clinical Massage Clinical massage helps to improve and maintain muscle flexibility, and can reduce bloodstream stress hormone levels, releases muscle tension, and calms nervous ...
You Too Could Lose Money with Online Poker! Want to lose lots of money with online poker? No? Well then, read my quick tips, and dont make the same mistakes that I did!
Do You Believe What You Think? When we question the story that we habitually tell ourselves about why we can't follow our dream, we break away from the myth that what we want is not possible ...
The Psychology of Weight Loss: Part 1 - The INSIDE OUT Mindset The "INSIDE-OUT" approach to fitness differs from that of conventional wisdom. Most programs work on diet and exercise alone. They give suggestions on what food...
No, No, No -- What Else is a Parent to Say? The word no is probably the most overused word in the English language. I speak from experience since I myself use it frequently. If I had not already recognize...
Celebrate Parks Day, Everyday this Summer! "...Increasingly regulated and restricted, the dwindling
islands we like to call parks are more precious than we
could possibly realize. Although having a spe...
The Swallowtail -- A Beautiful Butterfly Swallowtail butterflies are some of the most beautiful butterflies found anywhere. The North American species are large, brightly colored butterflies with taile...
Spread Betting Basics Spread betting is a complicated venture; the statement is nothing but a popular misconception. Proponents of this form consider it to be real easy, once the new...
Searching for a Federal Job Searching for a federal job is easier than ever and the application process just as simple.
A Valuable Golf Exercise In Your Office When You Have A Moment Golf exercise is not necessarily done in a gym. Getting creative with what you have can make all the difference and have a very positive impact on your game.
Money Problems? You're not alone. Many people face a financial crisis some time in their lives.
Green Tea for Health: Your Heart Will Thank You Drinking green tea on a regular basis may be good for your heart. You can find both caffeinated and decaffeinated varieties at your local grocery or health food...
RSS Round-Up: Whats Happening with Simple Syndication? RSS -- Really Simply Syndication -- is picking up steam. Why? Partly because of the Davids, and partly because of the Goliaths.
Planning a Spectacular Christmas Party Creative ideas for planning a Christmas party. Includes ideas for themes, decorations, party food and other fun and inexpensive tips.
Golf Stance And Its Physical Requirements Golf stance is one of the most ignored terms and issues in the golf swing and yet the golf stance dictates the success of every golf swing you make.
Approval - You Dont Need It People always judge others, and so it should not come as a shock if someone judges you negatively. Learn what comments starting with 'you are too...' really mea...
|