William's Blog...with a smile!

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Sorry, we don't have inhouse financing...

 

People go and buy a car and they finance it on the spot.

 

They you go to the store and get a credit card...on the spot!

 

You go to your local bank and you cn get a credit card on the spot!

 

You go to your local Real Estate office and you get...Whoa!!!

No instant credit?!

I have to go to a bank?

That doesn't seem fair!

 

Well, it may not seem fair, but buying a home of other real property

is a different game than your local store.

 

So, if you are thinking of buying a home...go see your local lender and ask how

mush you will be allowed to spend.

 

 

 

Comment balloon 7 commentsWilliam Feela • March 02 2017 01:44AM

Comments

William - I would agree that buying a home is certainly different than getting a credit card, and you shouldn't be able to qualify for the purchase of a home in minutes, unless you are bringing cash to the table.

Posted by Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor (Good Company Real Estate www.ChandlerRealEstate.weebly.com) over 3 years ago

Some of the commercials I've seen, especially from one particular on line mortgage company might make buyers think differently. That's where the professional realtor comes in and helps buyers understand the process. There's a reason it takes 30-45 days to get cleared to close. You can drive a car off the lot the same day. Instantly use a credit card. Can't move into a home the same day your on line lender says YOUR APPROVED. The devil is in the details. 

Posted by Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA, Providing the integrity and service you deserve. (Future Home Realty) over 3 years ago

Sometimes it is the grease that gets them started, I bought my first home with owner financing.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities) over 3 years ago

Good morning William.  Yeah we keep a couple of million lying around those those walk-ins.... LOL

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) over 3 years ago

Good morning again William. I think it important to have a separation between the real estate firm and the lender. I like the cartoon too.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 3 years ago

This s true...I have had people ask where they would get a loan to y a  house.

Posted by Vern Eaton, Realtor 651-674-7449 over 3 years ago

I have never thought of it this way.... and it is true... can't get a home loan on the spot!  Cute cartoon!

Posted by Sussie Sutton, David Tracy Real Estate for Buyers & Sellers (David Tracy Real Estate) over 3 years ago

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