All posts by Katie McCartney

Are You Qualified?

Are You Qualified?

Did the loan officer really pull your credit?  Are they really looking at your full financial picture?  Be aware that Pre-Approval is different than a Pre-Qualification.  Heck even those terms can be interchanged.  Unfortunately, some mortgage loan departments do not look at your full picture.

One loan officer that I had contacted recently because my client wanted to do a Ohio Housing Finance Agency (OHFA) loan, which is a special loan that need loan officers who are on the ball.  She took a look at my client’s credit and said that she wouldn’t have been approved through her first lender that she obtained a “pre-approval” because of her credit had a tiny blemish that prevented it to be able to be approved for even a Federal Housing Administration (FHA) loan!  Now, she has to wait for her credit to improve, which unfortunately takes 3 to 6 months for the tiniest of changes to happen in the positive.  When you buy something, boy, that hits your score toot sweet.  Why?  Only the credit gods know.

Contact me.  I have recommendations that do check your credit and will help point you in the right direction if the credit needs to be tweaked!

My Seller’s Prospective Buyer Left Because of Home Inspection

My Seller’s Prospective Buyer Left Because of Home Inspection

The supreme art of war is to subdue the enemy without fighting.  – Sun Tzu

I had a prospective buyer leave a contract because of the “home inspection”.  What do you do as a seller?  You go on the offensive.  You gain quotes.  Ask contractors their opinion of the situation and understand the situation.

This may be an “out” for the buyer.  Buyers can get cold feet or find something else that catches their eye.  Buyers unfortunately can be fickle and sometimes they are not truly in love with the house and settle.  This makes it hard for sellers to understand; but, it happens.  Just remember that leaving due to a home inspection is not necessarily because of a major issue with the home.  Sometimes, it is an excuse for the buyer to back out because they have cold feet.  Not a nice thought; but, it is a reality especially in this low inventory market.

The Aftermath of a Buyer’s Home Inspection – Momma Bear’s Report

The Aftermath of a Buyer’s Home Inspection – Momma Bear’s Report

I want my client’s taken care of.  Period.  I’m not interested in half a$$ so when a client feels slighted, I feel slighted.  However, sometimes understanding situation needs to be done first before Momma Bear makes an appearance.

My buying client found Ants, a Leaky Basement, and Freon Leak right after a stellar, I mean stellar home inspection report.  Looking at the home and pest inspection reports, I found some things that I wasn’t even aware of:

  1. Ants are NOT covered in pest inspections.  They are apparently not going to destroy the home; however, disgusting and annoying they are.
  2. If an area of the Basement is covered and is not able to be viewed and later there is a discovery of a leak,  unfortunately latent issues are not covered by home inspections.
  3. Finally, refrigerant evaluation was not included in the inspection.

It is frustrating to have issues after a home inspection.  It just is.  There is no two ways to get around it.  Read carefully what the inspection covers.