So, to give you a little bit of encouragement, here are the “case studies”, if you will!
Family #1
We ultimately got 3 phone calls and two homes that they could choose from without the feeding frenzy/bidding war. In fact, they got their home for $150,000 BELOW the appraised value AND the seller gave them $25,000 in credits for upgrades on the home and covered their home warranty!
Family #2
This one was set to close NEXT Friday, but after Bank of America was having a hard time delivering on an appraisal (They couldn’t get one done!), I turned it over to my local lender partner and she got it closed in just 8 days with a desktop appraisal approval (in other words, the bank didn’t require a formal appraisal), a full 10 days early and they got to move in THIS weekend!
Family #3
This family is a military family who was prepared to go conventional and not use any of the benefits in order to get a home.
They were willing to cash in retirement accounts and pay penalties to get their home. They were looking from Kyle/Buda all the way up to Georgetown and anywhere in between!
We were able to find them a great deal, BELOW market with a a little elbow grease (and by elbow grease, I mean a really deep clean and a full paint and landscape).