Communication in the Real Estate Industry is Key to Success

Communication is the key to building trust and rapport with my clients. That is why I always strive to communicate with you in the way that you prefer, whether it is by phone, text, email, or any other channel. You deserve to be treated with respect and care and I want you to feel comfortable and confident when you work with me. I value your time and attention. I know that buying property can be exciting, rewarding and challenging. That is why I will always listen to you attentively, respond to you promptly, and provide you with clear and accurate information.

I want to make your buying experience enjoyable and successful. I also encourage you to ask me any questions you may have about the buying process. I have the knowledge and experience to answer your questions and guide you through every step of the way. If there is something I do not know, I have access to a network of experts who can help me find the answer for you. I want you to be informed and empowered as a buyer.

I am always available for you whenever you need me. You can reach me anytime during my working hours. If you have an urgent issue or a special request, please let me know and I will do my best to accommodate you. You can also schedule a call or a meeting with me in advance if you prefer. I am flexible and adaptable to your needs and preferences. You are my priority, and I will always go the extra mile for you.

Today we’ll begin the exciting process of preparing your property for sale and creating a complete marketing and sales plan to meet the needs of your real estate listing. It is important to keep in mind that selling real estate is a complicated process. I will be working hard to market your property both to other real estate professionals and to consumers, attract interested and qualified buyers, and negotiate the final transaction. Throughout this process, we will need to work as a team to make sure your needs and desires are met.

This guide was designed to inform you about all the steps of selling a listing so that you can feel confident, make informed decisions, and act as an educated seller. You can download a pdf of this Buyer’s Guide by clicking the link above and download it if you want to keep it for a reference or read it later. It is pretty lengthy.

Please take some time to review carefully all of the information presented here. If you have any questions about the topics discussed, I will be glad to go over them with you in detail. Since every real estate transaction is unique, you will most likely have questions or concerns not presented here. That’s what I’m for – to answer your questions, to guide you through every step of the transaction, and to make sure your home gets sold.

Let’s get started…

L.J. Creapeau – Tierra Antigua Realtor.

What is an Encumbrance in Real Estate?

An Encumbrance is any claim against an asset by an entity that is not the owner. For example; liens, easements, leases, mortgages, or restrictive covenants. Encumbrances impact the transferability and/or use of subjected properties. Not all of these encumbrances will prevent a property from going under contract. Easements often transfer with the property during a sale, however, if the easement has not been recorded properly, this can cause disputes during sales. Mortgages do not prevent the sale of property as they are dealt with during the transaction by the title company and the mortgage lender to make sure any pending mortgage is paid in full at closing, but if a seller is delinquent on their mortgage, this will prevent the sale of the property until any back debt is resolved.

Liens against a property will cause big issues during the selling process. Any future buyer does not want to have problems from debt collectors or lien holders after the sale. Therefore, the title company will flag any liens against the property and those debts must be satisfied before the sale can be finalized.

An Encumbrance is any claim against an asset by an entity that is not the owner. For example; liens, easements, leases, mortgages, or restrictive covenants. Encumbrances impact the transferability and/or use of subjected properties. Not all of these encumbrances will prevent a property from going under contract. Easements often transfer with the property during a sale, however, if the easement has not been recorded properly, this can cause disputes during sales. Mortgages do not prevent the sale of property as they are dealt with during the transaction by the title company and the mortgage lender to make sure any pending mortgage is paid in full at closing, but if a seller is delinquent on their mortgage, this will prevent the sale of the property until any back debt is resolved.

Liens against a property will cause big issues during the selling process. Any future buyer does not want to have problems from debt collectors or lien holders after the sale. Therefore, the title company will flag any liens against the property and those debts must be satisfied before the sale can be finalized.

Are you in the market to purchase a property in Southern Arizona? Of course, there are many things to consider before you even start seriously looking. Do you have financing in place? Many real estate agents will not even consider showing houses unless the potential buyer has a pre-qualification letter from a lender. And some won’t unless the buyer has a pre-approval letter.

What is the difference between a prequal and a pre-approval?

Prequalification From a Lender Means…

A prequalification letter simply means that you have discussed your plans to purchase a home with a lender and the lender has given you a ballpark price that you MAY qualify for. This is not a concrete dollar amount and often the Pre-Approval will vary from the guestimate of a prequal. A prequal is only based on your income and major bills to arrive at a ballpark figure you may qualify for. A prequal is a good place to start if you have no idea how much of a home you can afford. It will give you a place to start in your financial planning.

Pre-Approval From a Lender Means…

A preapproval goes into much more depth than a prequal. The lender will look at your credit history, debt to income ratio, spending habits, income, assets and anything that will give them a more solid basis as to what you can afford. Even this is not written in stone. When the underwriters start processing your loan request, many things can change along the way to influence your final loan amount.

A preapproval letter is a very good thing to have in hand before you even start to look at homes. It will give you a better picture of what you can afford in reality so you know what price range to start looking in and it will allow you to make an offer on a home that much quicker because you will have already started the preliminary loan process which will save you and the lender a great deal of time when you find a home you like.

What’s Next in the Homebuying Process.

Getting the loan process started is the biggest piece of the homebuyers responsibilities and having that piece in place will lighten the stress and paperwork burden when you start looking at properties. You will have a pretty solid idea of what you can afford to look at and can plan your search accordingly rather than wasting time on homes that are not in your price range.

Once you have financing pretty much secured, all that leaves for you is to find a property you like and then go through the inspections and property verification processes. During this time it’s very important to follow your buyer’s checklist from your agent and make sure you stay on schedule with the necessary deadlines for paperwork. Failing to meet a deadline could result in a breach of contract on your part and on top of possibly losing the property you want and your earnest money , there may be legal consequences and fines for missing a deadline.

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