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Good News Friday Podcast Week 22(5 Minutes and 30 Seconds)
Hello and Welcome back to Good News Friday! Today is Friday November 20th, 2009. My name is Bruce Karasik.
Here is a story with a happy ending. We are currently working with a wonderful single Mom trying to buy her first home. She came to our office to see if we could help her. We had about a one hour initial consultation with her and asked her some thought provoking questions. She told us was most important to her. She was currently living with her parents in the area but really wanted to be on her own with her kids. She had been divorced years before and although she has a wonderful relationship with her parents, she really wanted to be on her own. I pre-qualified her for a loan and told her we could certainly help her. We also explained in detail to her how the new tax credit will help her, and how much she could afford. Her parents were even willing to help her with a down payment.
We found her a lovely home in the area, and did our inspection. What we discovered was that the deck/balcony outside the master bedroom upstairs needed to be replaced and since a prior owner had made changes to the deck’s materials, the home owner’ association would not pay for the repair. The repair was going to cost almost $15,000 and there was no way my client could pay that much money. The other issue was that this was a short sale and so the seller had no money to make the repairs. My client told me she really wanted this house so I went to work.
The first thing we did was to begin to negotiate with the bank. The good news was that we were successful and received a $15,000 price reduction to pay for the new deck. We also negotiated with the seller also contributed money to make other repairs. But we were not done.
We were able to find a contractor to perform the $15,000 repair for only $5,000. So our client had all her repairs paid for by the seller, the bank paid for the replacement of the deck and our client pocketed another $10,000 on the savings we negotiated with the new contractor. In addition our client will be receiving an $8,000 tax credit from the IRS that will go right into her savings. Now she is moving toward closing and being in her new home for the holidays. She was thrilled and now wants to tell everyone about how we helped her. Any agent can open up a door and show a buyer a home, but our experience, negotiating skills and our personal interest in our clients makes all the difference. You see, it is what we do after we find you a home that is sometimes is just as important as finding you the right home.
I would be happy to discuss your unique situation with you to determine how we can help you. I have heard it said, that you don’t know how much I know, until you know how much I care.”
Now more than ever it is important to contact a real professional to get the best advice. So call me or email and I will be happy to talk with you about the most current information about the Real Estate and Mortgage market and how it can affect you. Our goal is to save you money when you buy your home this year or refinance at the new lower rates.
The key to success is having the right advisors and consultants in place so you can have the right strategy. As your trusted Real Estate consultants and advisors, we at The Karasik Team work in our unique ability. My unique ability is consulting, negotiating and overseeing the transaction details. We take a customized approach and enable our clients to make informed decisions to accumulate wealth through Real Estate. In addition, we at Karasik and Associates, Mortgage Consultants, can help you come up with a strategy to determine whether this is the right time for you to buy your first home or to refinance your existing home.
We continue to believe that homeownership will remain the best avenue for American families to secure their financial future. I look forward to our continuing dialog and we invite your feedback. Please feel free to email me at Bruce@TheKarasikTeam.com, call me at my office at 805-267-0366, or you can post your responses on our blog at www.GoodNewsFriday.com.
The Good News Friday Podcast brings you good news and positive developments in the Real Estate Market, Mortgage Market, in our economy and our country. If you miss any podcast, we have archived all or our past shows so you can listen to them at any time by going to www.goodnewsfriday.com.
So we do have some good news to be grateful for. And so, my friends, I wish you and your families a Happy, Healthy, and Prosperous week. And that’s it for now. I’ll see you back here next week for another episode of Good News Friday!
