Jana Lee's Millbrae Real Estate Blog

                                                
SUMMER IS HOT

     Yes, the housing
market is HOT.  Summertime has been
traditionally the hottest time of the year to really burst in sales.  It is when families want to make the move
into a neighborhood where the school of their choice is located. It is also
when people decide to pick up and leave to another area to start anew.

     The interest
rates are still at its all time low.  The
inventory of houses are plentiful.  The
only major hurdle still seems to be the lack of  qualified buyers.  Buyers are having a hard time qualifying for
a loan.  However, after getting
pre-approved, the lender requirements are so difficult and lengthy that it
appears hopeless.  That is how my last
clients were starting to feel.  Some of
the conditions required by the lender referenced where and why certain deposits
were made.  How do we remember every
single deposit???  We are just happy to
have a deposit.  Lenders like to see “seasoned”
funds.  They want to see the paper trail
of where it came from.  Though it seems “crazy”
to keep track of simple things like this, it is imperative and recommended to
do so.  Don’t get discouraged or turned
off.  Provide what is needed and
persevere.

     My suggestion is
to document EVERYTHING, or realistically, as much as you can.  It can only be helpful to your home purchase
and hopefully make the process less stressful.

     Let the summer be
a profitable and positive experience for you. 
The house of your desires it out here. 
You just have to go through the proper steps to obtain this goal.

Have you ever had those kind of days where you feel stumped and no where to go?  Upstream seems to hard and you want to forget about the longterm goal?

  Well, you are not alone.  I have a client who wanted to quit.  He wanted to stop all his frustrations of being “The Man” and pack up and leave to another state.  His job was giving him the bonuses as usual, and he was feeling the stress of not being able to provide the way he has done for previous years so he asked me to hook him up with an agent in Colorado.  As I was going through the motions, I asked him if he even discussed this with his wife?  He replied that she will have to go or leave.  He simply could not take the stress of his work and felt his health was at stake. he did not thoroughly go over the challenges he was facing because he felt she couldn’t handle it.

Well, to our surprise, when it came time to discussing the nitty gritty of leaving, his wife understood that a big change was needed to stay here in their house and continue living here in California.  then a family members decided that they did not want to see them leave.  Parents and other family members volunteered to help them out with some of their financially difficulties they were in. Now it seems that there is a rainbow at the end of their tunnel.

What Id like to express here is that, if something means that much to you and you feel as if you are hitting a brick wall, make sure you venture all your possibilities before you become totally discouraged.  Just like if you thinking you cannot afford a house but may have family members who can co-borrow or lend/gift you some of the down payment, ask!  If you don’t ask, you don’t get.   Just liik into things thoroughly.  You ever know when you may find the extra help.  Keep the faith!