ON RECORD!!!
So I have to share this amazing story because the real estate market has been so crazy with limited inventory and buyer's left and right are getting discouraged, frustrated and getting outbid by cash buyer's all day long!
My client was UNDERWRITTEN approved by Blair Chapman of Movement Mortgage for an FHA loan. He immediately began to preview homes and after looking at 4-5 he was ready to make an offer. I told him to be aggressive because there were already multiple offers on the property. He would not offer what I suggested and decided to pass. The next day a home on the same street came on the market, smaller but definitely under his budget. He previewed it and wrote his first offer. Blair said to write the offer for 18 day close of escrow on an FHA. I said 18 days???? NO WAY??!!! Blair said please trust me, I can get it done. Write it for 15 days if you want. I'm like "hell no" 18 is already making me nervous. He says please trust me Joy! Buyer agrees and I write it up. Blair makes a follow up call with listing agent and we wait for an answer.
Monday Feb 27th Agent says they went with another offer, she had a total of 10 and seller took a cash offer.
Thursday March 2nd (same week) Listing agent calls me and asks if my client is still interested. I said YES! She says she went through 3 "cash" offers but buyer's would not shorten their term from their 21 day escrow offer and next in line was a 45 day escrow VA, still much higher than our offer, but seller needs his proceeds like NOW. She asks if my buyer would come up in price and I said I would do what I can.
I discuss with my buyer and he agrees to come up from his original offer price and I speak with Blair and he says write it for 15 day escrow! I am nervous as hell, but I am pretty confident in Blair and I knew my client is solid, we can make this happen.
March 3rd, my clients offer was accepted! WHOOO HOOO!
March 6th my client does all his inspections.
March 8th Appraisal is done.
March 11th appraisal comes back lower than contract price. EEEKKKK!!!!!
Seller does not budge and refuses to lower the contract price to appraisal price! Buyer still moves forward.
Buyer signs loan docs Friday March 17th at 9AM, seller signs docs 10AM, loan funds by 12:43PM Lender funded and by 3:42PM We are officially ON RECORD!!! Blair and his lending team closed in 14 calendar days for an FHA buyer! Unreal and AMAZING!!!
It takes a village for sure, but when you have a solid team, build great relationships in the industry, and it's meant to be, it will ALWAYS fall into place!
Special Thank you to my showing specialist Rodrigo Moreno, Blair Chapman and his lending team at Movement Mortgage, Beth Reiken my Transaction Coordinator, Sandhya Prasad and her team at First American title company and to the listing agent Vickie Brisco of Estan Realty for giving me and my team a chance to make it happen for my client!
Extra special thank you to my client for trusting my team and I to make it happen!!!
WHOOOOO HOOOOO!!!!!
Special Thank you to my showing specialist Rodrigo Moreno, Blair Chapman and his lending team at Movement Mortgage, Beth Reiken my Transaction Coordinator, Sandhya Prasad and her team at First American title company and to the listing agent Vickie Brisco of Estan Realty for giving me and my team a chance to make it happen for my client!
Extra special thank you to my client for trusting my team and I to make it happen!!!
WHOOOOO HOOOOO!!!!!
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| When your client is too shy for a Photo Op, you get your son to stand in for the shot!!!! WELCOME ANOTHER NEW HOMEOWNER IN ELK GROVE!!!! |
Joy Yip
REALTOR, CAL BRE#01481339
eXp Realty of California Inc
www.joyyipsellshomes.com
joyyiprealestate@gmail.com
(916)932-8358
REALTOR, CAL BRE#01481339
eXp Realty of California Inc
www.joyyipsellshomes.com
joyyiprealestate@gmail.com
(916)932-8358
