What you know can hurt you

AI - When where what is AI

Do you know more than your lender

Don't tell the lender how to do their jobs, if you know more than they do then you should 1. Become a lender or 2. Change lenders

Be still & listen

Section 7 and/or Programs that helps you purchase a home

Enough about the NAR Settlement

Other Developments affecting our ability to purchase

1 Month Reserve - 1 to 2 units

3 Month reserves - 3 to 4 units

6 months reserves above 43% debt-to-income ratio

Oh...It aint my faught No-one online is talking about this

Aug 19th effective date

Funds must be liquid & can't come from a family member and if funds come from a non-liquid acct. Funds must be seasoned.... Oh it aint my faught

Leading forward through the NAR debacle

Loan Officers opportunity to gain Market Share through relationships, out of the box marketing & truly knowing your skills/knowledge

Why are you here?

Persuasion

Value Prop (Selling skills)

Downpayment assistance programs

100% Loan Programs

Adding fees through the sales price

The power of a knowledgeable Loan Officers

Know the Title Agents as well

Kendrick vs Drake hit the circuit by storm and The NAR Settlement is mimicking the feud.

Who is paying the buyers agent

I'm not signing any contracts to see a home, I'll go online

Has anything changed with my loan

Can I roll payment into my loan

Stop all the noise

Buy Now or Wait til thing blow over

What is a Buyer Rep Agreement

Sample list of Buyers Agents Roles & responsibility

Real Estate Agent expectations of buyers

How to determine the compensation of a buyers agent

Where should the negotiation for compensation begin

How to measure an agents quality of work

What's the 411

What is NAR Settlement Agreement

Why does it matter

Who is affected

What changes

What's Next

Challenges when buying a new spec home

Unimproved vs improved taxes

Escrow shortage

Payment increase when the loan isn't done correctly

Home warranties

Home Insurance request

Bailing out of getting a home inspection

Thinking upgrades are free or cheaper

Not vetting the builder

Researching the neighborhood

Changes happening in the housing industry

1. Rental communities

2. FHA guideline changes

3. Being prepared when life happens

4. NAR Settlement Agreement