What You Dont Know About The Real Estate Process, Some Inside Secrets

Some people in the real estate industry have a terrible reputation. Why, because they deserve it. A lot of hard earned money trades hands and if things go wrong that leaves a very bitter taste in the injured parties mouths.

In real estate most people stay in the house for a long time. If they don't, many times they sell the house themselves or quite often deal with different professionals the next time around. This doesn't always mean they were dissatisfied the first time. Sometimes a new agent sells him or herself. Believe it or not sometimes the property will be listed and a seller and buyer meet. Then when the listing expires, guess what.

The mortgage company is usually the one that profits most from the transaction. Sometimes the seller makes a pretty nice profit. In my opinion agents and brokers usually make too much money for the service they are supposed to provide. For example a broker can make $18,000 or more on a $300,000 house which is no more work, in fact usually it is less work than a $50,000 property. The other professionals, excluding the mortgage company, charge a very small set fee. An appraiser only gets $300 to $400 which is regulated by VA (for VA loans) and the market. The attorneys, surveyors and inspectors get even less. If they charge more, most agents will use someone else.

Two things are collected up front at the mortgage company. An appraisal fee and credit report fee. Many times the purchaser has been overcharged for these fees. Always check your settlement statement. They are also told that the appraiser has to be paid up front when the truth is, many times the appraiser isn't paid for several months.

Last year it was brought to my attention by some refinancers that their loans had been delayed because the lender didn't have the appraisal. I told them they did have the appraisal. Then the homeowners contacted me and told me that after four months of not closing, the officer left the company, went somewhere else and wrote a letter of apology. He stated that the manager had instructed him to stall the loan in anticipation of a rate incease.

Suzie is a licensed real estate broker and certified residential appraiser with 20 years experience. Other professionals have contributed as well. http://www.freewebs.com/realestatenews

---

Recent Bankruptcy? Its Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October... Read More

Home Improvements Turn Average Homes into Dreams Come True

If you're thinking about taking out a home improvement loan,... Read More

Getting The Best Rates On Mortgages And Loans

With an impending up-grade to the family due in a... Read More

Home Equity Loans ? A Big Benefit Or A Big Mistake?

When the bills are piling up and there doesn't seem... Read More

Understanding UK Bridging Finance

Bridging finance, also referred to as "bridge loans" and "bridging... Read More

Homebuyers Loan Guide

If you are a homebuyer, there are a few points... Read More

Home Loans ? Lenders Continue to Offer High-Risk Loans

Home prices in the Untied States continue to soar, and... Read More

I Have A Slice of the American Dream and It is a 30 Year Nightmare

Well, we did it. We are buying a beautiful, brand... Read More

Home Mortgages: Should You Apply Now?

If you're thinking about applying for a new mortgage or... Read More

Refinancing Online - Tips For Getting a Low Interest Rate When Applying Online

Refinancing online is a great opportunity to find low interest... Read More

Home Equity Loan Tax Deductions

Interest - is an amount you pay for the use... Read More

Bankers Dont Want You to Know That You Pay for Your No Cost Home Loan Forever

With mortgage rates continuing on a downward trend, the competition... Read More

Should You Refinance?

There are several reasons that might make someone consider refinancing... Read More

Home Equity Loan or Home Equity Line of Credit ? Which is right for you?

The most common type of home equity loan is the... Read More

Home Equity ? Let the Market Eliminate Your Private Mortgage Insurance

In decades past, most people who were interested in obtaining... Read More

Finding the Best Home Improvement Loan Rate

If you're looking for a good home improvement loan rate,... Read More

Home Equity Loans in Texas

A few notes of importance: This only applies to... Read More

Kingsland Saint Marys & Kings Bay Real Estate - VA Mortgage Information For Home Buyers

A VA guaranteed mortgage is the usually the best way... Read More

Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate

Interest rates are on the rise and many home owners... Read More

Are You Ready for a Home Mortgage Loan?

Buying a Home and committing to a Mortgage can be... Read More

Florida Refinance - Refinancing in Florida

The decision to buy a home in Florida can be... Read More

Save Yourself from Homebuying Disasters

Whether you are a first time home buyer or a... Read More

Home Loans -- The Hot New Product? The 30-year, Fixed-rate Mortgage

In recent years, the mortgage industry has introduced dozens of... Read More

Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later

There are great mortgage loans for people with poor credit,... Read More

Bridging Finance Basics

Bridging finance is a short-term loan that is used as... Read More

How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage

When it comes to a reverse mortgage, wise consumers weigh... Read More

How to Find the Best Home Improvement Loan

If you're looking for the best home improvement loan for... Read More

Council Right to Buy Mortgage ? Helping Everyone Have a Home of

"We will help every Council Tenant to become Home Owners"... Read More

Guide to Interest Only Mortgages

Here is a useful guide to interest only mortgages. An... Read More

Bad Credit History? How Financing and Buying a Home Can Help You Improve Your Financial Situation

Financing and buying a home can help improve your financial... Read More

Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy

If you have a recent bankruptcy on your credit and... Read More

Refinancing Your Home Mortgage - Get Up To 125% Cash From Your Homes Value

With the low interest rates being offered by lenders today,... Read More

Home Equity Increases $1 Trillion in Five Years ? Is the Market Peaking?

A new survey reveals that in the last five years,... Read More