On receiving to a presentation
The listener does not like to feel being manipulated. It is important to communicate clearly your own agenda as a presenter and how you expect both u and the listener to benefit from the presentation and the trade offs. Communicate clearly that any point u can step away
Loan officer
- preapproved - documentation last for 90 days
each pull last for 45 days
- hits u 3 to 5 credit points
- mortgage expenses pre-tax
- no sudden movement of funds that is more than 50% of your yearly salary
- need lag time to provide information
Buyer Realtor familiar with territory
- off market listing
- mls
- comps: what the bank will pay for
- emotionlly not attached
- Help with paperwork sincere 3% down in BayArea in Escrow
- know HOA gonna be a pain
- Comps is only useful if the seller is not in the position of leverage with multiple offers
- Buyer sit down with realtor to tease out more positions for leverage
Seller Listing agent
- Sets up the ESCROW
- seller provides clear title to property
- buyer provides money
- title representatives are very flexible
- Rent Back = negotiated upfront. Days seller can stay on premise after the ESCROW closes. Lender needs to know and no surprises
credit
- Ideal configuration
- two credit cards under 30%
- car loan
- mortgage
- sources
- trans union
- equifax
- experian
Tools
- TaxCaster.com by intuit on mortgage u can afford pre-tax
- can change W4 withholdings every month
conmercial property
- TripleNet