Honest Mortgage Answers

Let me introduce Gary Hammerlund

Once in a while I will have people from other professions contribute to my blog. Not only will they talk about their business, but they will stress the importance of having a quality mortgage planner involved in most of their financial decisions.

I would like to introduce Gary Hammerlund from http://www.ecityrealty.net/ and http://www.buythislot.com/. In my 8 years in this business I have dealt with a lot of real estate agents. My opinion is majority of them are more concerned about their commission check then what is best for their clients. Gary's business plan is simple. Take care of the customer first, then everything else will take care of it's self.

Their are about 10 real estate agents that I refer my clients to. You will see several posts about them in the future. Gary is one of the better agents in my network and I trust him with my customers.

I asked Gary to write about him self and his business. This is what Gary wrote. Enjoy........

Thank you,

Jason Lash
Branch Manager
Family Home Lending
866-366-5724
http://www.virtualloanpro.com
http://www.homecredible.com
http://www.honestmortgageanswers.com

Thinking about selling your current house and buying a new home


The first two things you need to do when considering shopping for a new home is
Contact a reputable mortgage broker to find out how much home you can afford. Nothing is more disappointing to you or your spouse than finding out that you can’t afford the home they just fell in love with.
Contact a reputable Realtor® to get a Comparative Market Analysis of your home. The CMA will show you what other area homes of similar style, size, age etc have been selling for. It will also show you the average time a home is in the market place before it sells.
Now that you have taken these first two steps you should have a good idea of how long it will take to sell your current home and a price range for your new home.

What types of homes are selling right now?

There is a good market for the entry level home up to about $150,000. Typically I see buyers being able to qualify with little to no money down on this type of home.

Another type of home that’s selling now is one that’s ready to move into! That’s right completely finished except for where to hang the pictures. Why? I think our spouses have caught on to our good intentions of finishing the basement after we move in, and never getting it done. With so many property owners competing for buyers the homes that show the best are selling. The ones that show a lot of wear and tear and advertise “lots of potential” tend to sit on the market. There are many great values out there if you’re willing to take the time and look for them.

For most people, purchasing a new home is usually one of the biggest decisions they have to make. It’s ok to take your time. I like to help educate my clients to the market place conditions. We’ve always been able to find a better home at a better value than the one that seemingly got away. Sometimes it can take as few as 30 days, but usually it’s somewhere between 2 and 6 months.

So in summary, “find yourself a reputable mortgage broker and Realtor® that will take their time and educate you to the current market conditions that are relative to your situation”. Also make sure they know how to use the internet to communicate with all parties involved with your transaction.

Gary Hammerlund
eCity Realty
616-540-3031
http://www.ecityrealty.net/
http://www.buythislot.com/

Posted by Jason Lash at 11:36 PM