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Appraisals – Gaps, Strategies, & What if it comes in Low?

Navigating the homebuying process can often feel like a complex puzzle, especially when it comes to understanding the role of mortgage appraisals. At the heart of it, mortgage appraisals serve a critical function—they ensure that buyers are paying a fair market value for their new home. In unique markets, appraisals can become a compelling part of any offer, adding a layer of assurance for both the buyer and seller. However, this assurance often brings about a pivotal question: how can one make their offer stand out in a competitive market? That's where I come in, armed with strategies and a creative approach to financing that can navigate through even the most challenging situations.1. Handling Low AppraisalsImagine your offer on a dream home is accepted, but the appraisal comes in $50,000 lower than the agreed purchase price. Such a situation can raise concerns for both listing agents and sellers, potentially derailing the closing process. Through a carefully crafted approach, I demonstrate how to keep the transaction on track, ensuring that everyone proceeds to closing without unnecessary stress. A video example in the sidebar shows a real-life scenario where a low appraisal didn't stop the sale, thanks to strategic problem-solving and negotiation.2. Waiving Your AppraisalThe decision to waive an appraisal is significant and can make your offer more appealing to sellers in a competitive market. However, it's crucial to understand the implications of this choice. In the accompanying video, I explore how waiving your appraisal can impact your deal, offering insights on protecting your interests and maintaining your expected monthly payment. This strategy is particularly useful for buyers who can afford to take a calculated risk but still want to ensure financial stability.3. Strategies for Buyers with 10% DownMany buyers believe that putting down less than 20% limits their options, especially in terms of competitive offers and financing. However, I introduce a distinctive strategy that boosts confidence among buyers only able to put 10% down. By choosing a lender who thinks outside the box—like me—you might find yourself looking at a mere $12,000 difference rather than a deal-breaker. The sidebar features a video that walks you through how this approach works, setting it apart from conventional lender strategies.My Commitment to YouI thrive on finding solutions that not only meet the needs of all parties involved but also pave the way to a smooth and successful closing. Taking the time to explore and implement creative financing options is more than just a job to me—it's a passion. My goal is to keep you informed, confident, and excited about your home purchase, from the initial offer to the moment you receive your keys.Curious about how these strategies can work for you? Looking for a personalized solution that aligns with your unique situation? Click the link to the side to schedule a call with me. Let's make your homebuying journey a memorable and rewarding experience, together.*Available for Conventional Loans Only with 10%+ Down Payment.*

Your Guide to Rate Buydowns

Navigating the current real estate market as a buyer? You might have stumbled upon the term "rate buydown." If you're wondering what it's all about, you're not alone! Many folks find themselves puzzled over how rate buydowns function, which type to go for, and how it could be a game-changer for you and your loved ones.What is a buydown?:Imagine securing a deal on your mortgage where you pay less interest initially - that's a buydown for you. It's a strategy aimed at snagging a lower interest rate for the first chunk of your mortgage term, or perhaps for its entirety.The 2-1 Buydown Breakdown:Opting for a 2-1 buydown means you'll be paying less for the first two years. Each year, your interest rate ticks up by 1%, until the third year rolls around, when you start paying the full interest rate. The early years' savings are essentially subsidized by the seller to the lender.Weighing Buydowns: The Pros and ConsDeciding on a buydown isn't one-size-fits-all. It depends on your loan size, the starting rate, potential interest savings, and your future income outlook. How long you plan to stay in the property also plays a role.Resources:Check out the example videos in the sidebar to see real-life scenarios demonstrating how a buydown could work to your advantage. These quick guides will give you a clear understanding of the benefits and how they might apply to your situation. Don’t miss out on these valuable insights!

Which Should You Be Focusing On – Sales Price or Interest Rate?

The landscape of the real estate market is evolving, particularly with rising interest rates, but this change brings with it some advantageous opportunities for prospective home buyers. An important aspect of this new market environment is the range of choices buyers now have in their real estate dealings. The question arises: Should a buyer prioritize the sales price, or is the interest rate the more critical factor?With this in mind, I've created a video aimed at both buyers and sellers to encourage a reevaluation of common strategies for buying or selling property. Interestingly, you'll discover that the outcomes of these strategies, particularly in the context of financed purchases, may be quite different from what you initially expected.Seller Buy Down - A Strategic Advantage:This market shift opens the door for buyers to make strategic offers that significantly enhance affordability. My focus is on the "Seller Buy Down" approach—a powerful tool in my arsenal to assist you. This strategy involves structuring financing in a way that lowers the interest rate, thereby reducing monthly payments and making homeownership more accessible. However, it's crucial that this strategy is executed correctly, both in the purchase contract and within the banking arrangements, to avoid falling foul of predatory lending and high-cost loan regulations. This is where my expertise becomes invaluable.By leveraging a Seller Buy Down, we can navigate these regulations effectively, ensuring a smooth and beneficial transaction for all parties involved.


"Amazing customer service, quick response time, creative thinking/planning"

caitlin f

"Shelby and Lois provided timely and great communication. Shelby’s knowledge allowed me to get a great rate for these times. I always felt like a person and not just an anonymous client."

lisa jill k

"Shelby went above and beyond to help my first time home buyers. I’m excited to continue to work together in the future!"

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