Sarasota real estate agent Mike Payne provides FREE podcasts for your eduTainment – please leave your comments, questions and/or suggestions below!
Sarasota Realtor Mike Payne helps buyers and sellers (especially distressed sellers) in and around Sarasota, Florida.
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Sarasota Foreclosures Compound John’s 3 Home-Buying Mistakes!
Description: Sarasota real estate exposes 3 common but costly home-buying MISTAKES, destroying John’s planned move to Sarasota.
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Blind trust destroys planned move to Sarasota, Florida!
John’s enthusiasm and blind TRUST got ahead of him.
He blindly trusted a mortgage person who made promises he shouldn’t have made.
John and his family in New York already had scheduled movers…before John even had picked out a Sarasota home for sale. Don’t you think John got a little (or A LOT) ahead of himself?
By no means is this an attack on John.
Instead, this is a wake-up call to every one wanting to buy a house.
Emotion beats logic (nearly) every time….
Don’t emotionally attach to a house or schedule movers until you have dotted all i’s and crossed all t’s:
- Work only with an experienced, proven & trusted mortgage professional. Especially today, you can’t afford to choose a mortgage person just because you “like” the way he/she sounds on the phone. More and more fall-throughs (that is, closings not happening) occur because of an inexperienced and/or desperate mortgage person. YES, the same goes for real estate agents too, though real estate agents do not cause mortgages to fall-through.
- Work only with an experienced real estate agent who’s willing to tell you the FACTS about a house and market, even if it means prolonging your house hunting. YEP, I’ve heard from friends and strangers who admit feeling pressured to buy, only later to regret and resent…ALL REAL ESTATE AGENTS!
Please scroll down this page to leave me a comment, ask a question and/or make a suggestion about any podcast. I look forward to hearing from you. Thank you! If you or someone you know wants to buy or sell a house in or around Sarasota, please call me now. Give me a chance to earn your trust.
Whenever I think of John, I think of the utter shock and confusion when he acknowledged “his guy” couldn’t get him financed. This was not about any kind of “I told you so, John.”
Rather, this is about John and his wife’s planned move to Sarasota. John and his wife eagerly looked forward to the new job (and life) in Sarasota.
Start with a trusted, proven mortgage professional, whether mortgage broker or bank loan officer. I know of trusted, proven mortgage professionals who can work all 50 states. HOWEVER, I will not recommend just one mortgage professional if you ask me, nor do I have any financial arrangement with any mortgage professional. I do, however, want you to find your dream house AND close on it…so I can get paid for my work. I won’t hide the fact I want to be paid for my work. You don’t close and we’re both up the creek w/o the proverbial paddle. You’d better believe I want you to have the BEST mortgage professional out there. I don’t care who she/he is, only that she/he gets you the keys!
Sarasota foreclosures and short sales dominate the Sarasota real estate market — it’s an ugly reality for months (some say years) to come.
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