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The Times, They Are a Changin’!

May 2, 2011

I’ve never seen such a dynamic time in this industry as right now.  Things are constantly in flux, from house prices, to mortgage rates, to policy changes, and so much more.  Now more than ever it is important that you work with someone that KNOWS the industry, and that person is me!!!  Shameless plug now over, but it is really true.  There are so many agents that don’t keep up with the changes in the industry.  This can lead to big problems in a transaction.  I know an agent that didn’t warn his seller that FHA doesn’t allow more than 2 layers of roof on a house.  Of course, the buyer ended up getting an FHA loan…and this house had 3 layers of roof, and this deal was NOT getting to closing without the roof being stripped to the decking, re-felted and re-roofed…at a cost of about $6000.  Now this was pretty much unavoidable, but it was quite a big surprise to the owner of the house and changed the whole deal.  These are things you need to know up front.  I pride myself on staying on top of these things!  If you ever have any questions about ANYTHING real estate related, my info is to the right.

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