YTD Dollar Amount Of Repairs Completed: $167,481.10
It seems that now days appraiser required repairs are almost the norm. Looking back at the loans my team closed so far in 2014 over 40% had one repair or another required by the appraiser. There is a misnomer out that that conventional financing is some how shielded from required repairs, that simply not true. Now these transaction don’t have to fall apart simply because there is a busted window or missing toilet, in fact I don’t think any transaction should fall apart because of appraiser required repairs. We have a number of options when it comes to seeing these transactions through to closing. You can read all those options here. I will say setting up a repair escrow is by far the most popular option. In fact, 95% of the borrowers that ran into repair issues chose to deal with those repairs using a repair escrow.
If you have been following my previous post my team is playing a little game building a log home tracking how many loans we gets closed that have repairs.
Each block on the house represents $500 worth of repairs we escrowed for and had completed after closing.
With October over we only have 2 months left to complete the most important building “The Bar” slated to be constructed right next to the Real Estate Office. I need your help to make this happen. If you have any repairs that need to be completed after closing give me a call!
Each year we try and bring relevant education topics to real estate professions. These topics are designed for agents at any level. Regardless if you are a rookie agent or seasoned veteran there is always more to learn. In this forever shifting real estate market we are here to help you level up your game! Below you will find a list of the topics we plan to cover and dates for each. For each topic we are offering a Live event and a Zoom Webinar on the same topic the following week. As the events get close we will have more details just follow the links to learn more and register for the events.
For those agents that would rather just hang out, network, & talk business we are holding a 5:01 Happy Hour called Pizza & Beer with Jeremy the third Wednesday every month.