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Why Most People Fail To Find the Right Agent | Click here
The right agent can be found if you do the proper research and know the right questions to ask. Majority of people are not satisfied with their agent by the end of the transaction - Avoid this by knowing what to look for in a successful agent and what to ask them to identify their depth of knowledge. Are you sure that friend or referral is going to meet your needs? Read this report to find out!

Avoid A Lemon: When Buying A Home | Click here
Whether you are considering buying a house or selling one, conducting a rundown of property items could make all the difference in the world. Although not all things will require costly repairs, some might, which is why it's important to be prepared.

How To Close On Time And Avoid Problems | Click here
In addition to the stress involved in the actual house hunting process, there is also the stress associated with closing the contract. To help reduce the level of frustration, we've provided some tips and information.

Are You Avoiding The Common Buyers Pitfalls? | Click here
Buying a home is a major investment and one that should be taken seriously. However, to ensure your buying experience is a positive one, there are several things you can do to ensure you make the process as smooth as possible and that you don't fall into unnecessary problems.

Generating Positive Cash Flow | Click here
More and more, people are turning to real estate as a viable investment option. The market is flooded with homes and if done right, purchasing property for the purpose of investment can provide a lucrative return. Here is some helpful information...

How To Choose The REALTOR ® That Fits You Best | Click here
Finding the ideal REALTOR ® doesn't just happen by accident. It takes some research on your part. An important rule of thumb is to shop for the REALTOR ® first, the house second.

How To Use The Web To Find The Lowest Rates | Click here
According to recent surveys, the Internet has been used for more than 50% of the general adult online population when it comes to shopping for the best mortgage rates. Learn why so many people are using this method.

How To Make Money Investing In Real Estate | Click here
Investing in real estate can either produce a negative or positive result. To increase your odds of making a successful investment, you need to educate yourself and arm yourself with facts.

Keys To Finding The "Right" Home | Click here
As soon as you've completed the pre-qualification portion of the loan, you will be ready to start looking for your new home. As you start into the process, one very important step is often overlooked...

What You Need To Know About Your Credit | Click here
Sometimes being approved for home buying can be difficult, however there are things you can do to be approved.

Loans, Mortgages, And Financing Options | Click here
While shopping for a home is exciting, it also means you need to do some research to find the best loan. Finding a good loan can make a huge difference in your monthly payment as well as the overall process. Here are some tips to help you along your way...

Down Payment Calculation Explained | Click here
Getting ready to make a down payment? You will want to know these facts to ensure you are making the proper payment.

Tips For Single Home Buyers | Click here
There are probably few things in life that are as exciting--or as nerve-racking--as the search for a house. With an organized home buying plan, you can minimize a great deal of the emotional impact. By determining your buying power, your wants and needs, and having an organized search plan, your chances of a stress-free experience are much better.

How To Prevent Over-Paying For Your House | Click here
When getting ready to buy a home, knowing what price to offer helps give you some level of control over the buying process. The big question is - how do you know what is a fair offer?

Tips For Moving | Click here
Once you have located your new home, now comes the fun part - moving. Whether you are moving two streets over from your current home or clear across the country, you have two options for moving - using professional movers or doing it yourself. There are pros and cons of both choices, do you know which method is best for you?

What First-Time Homeowners Need To Know | Click here
With home prices increasing, it's a little more difficult for the first-time homeowner simply based on price. However, with so many options available, that does not mean you can't qualify for a mortgage loan. You just need to know what to plan for and what questions to ask.

What To Do If You Can't Afford Your Home | Click here
Buying a house for the first time or upgrading from an existing house is a big decision. It is important that you have a good understanding of what you can and cannot afford to buy. Do not make the mistake of spending more then you can afford, managing you money is a lot easier said then done.

FREE Homes Search - View Current Homes for Sale | Click here
Search the local listings database and find the homes for sale anywhere you desire. Stop looking through 3 different newspapers, get a complete inventory list here for FREE. Plus receive daily updates via email, for any new listings. All for FREE - no strings attached!

Real Estate Process Explained | Click here
This report explains in details the entire process of buying real estate. Learn the process, what to expect during each step and how long each process takes. Get rid of your uneasiness by educating yourself!

Foreclosed Deals | Click here
Let me show you these great deals! Weekly I will place together a list of foreclosures in your desired area for your review, all for FREE and with no obligation.

To Rent or Not to Rent | Click here
Renting definitely has benefits that cannot be overlooked. You can usually walk away from a rental at little to know cost with a 30 days notice. Renting costs also appear to be less per month. And you may not have to deal with the cost of utilities breaking or mess with mowing the lawn and keeping up the flowerbeds. However, renting has deficits...

Why Buy A Home When You Can Rent? | Click here
Renting a home has its advantages: you can move without selling a home first; you don’t have to make the repairs, nor do you have to pay property taxes. But something is missing.

88 Types of Possible Turbulence

We Could Experience…

Because the transaction of selling a home is so complex, with more than 125 people involved to complete it successfully, below are possible turbulence we could experience. If there are any problems, we are at your side and will be working with you, the buyer’s agent, mortgage lender and title companies to iron out any problems – keeping you well informed along the way! 

The Buyer/Borrower:

1. Does not tell the truth on the loan application.

2. Submits incorrect information to the lender.

3. Have recent late payments on credit report.

4. Found out about additional debt after loan   application.

5. Borrower loses job.

6. Co-borrower loses job.

7. Income verification lower than what was stated on loan application.

8. Overtime income not allowed by underwriter for qualifying.

9. Applicant makes large purchase on credit before closing.

10. Illness, injury, divorce or other financial setback during escrow.

11. Lacks motivation.

12. Gift donor changes mind.

13. Cannot locate divorce decree.

14. Cannot locate petition or discharge of bankruptcy.

15. Cannot locate tax returns.

16. Cannot locate bank statements.

17. Difficulty in obtaining verification of rent.

18. Interest rate increases and borrower no longer qualifies.

19. Loan program changes with higher rates, points and fees.

20. Child support not disclosed on application.

21. Borrower is a foreign national.

22. Bankruptcy within the last 2 years.

23. Mortgage payment is double the previous housing payment.

24. Borrower/co-borrower does not have steady 2-year employment history.

25. Borrower brings in handwritten pay stubs.

26. Borrower switches to job requiring probation period just before closing.

27. Borrower switches to job from salary to 100% commission income.

28. Borrower/co-borrower/seller dies.

29. Family members or friends do not like the home buyer chooses.

30. Buyer is too picky about property in price range they can afford.

31. Buyer feels the house is misrepresented.

32. Veterans DD214 form not available.

33. Buyer has spent money needed for down payment and closing costs and comes up short at closing.

34. Buyer does not properly "paper trail" additional money that comes from gifts, loans, etc.

35. Buyer does not bring cashier’s check to title company for closing costs and down payment.


The Seller:

36. Loses motivation to sell (job transfer does not go through, reconciles marriage, etc).

37. Cannot find a suitable replacement property.

38. Will not allow appraiser inside home.

39. Will not allow inspectors inside home in a timely manner.

40. Removes property from the premises the buyer believed was included.

41. Is unable to clear up liens against their property – short on cash to close.

42. Did not own 100% of property as previously disclosed.

43. Thought getting partners’ signatures were "no problem," but they were.

44. Leaves town without giving anyone Power of Attorney.

45. Delays the projected move-out date.

46. Did not complete the repairs agreed to in contract.

47. Seller’s home goes into foreclosure during escrow.

48. Misrepresents information about home & neighborhood to the buyer.

49. Does not disclose all hidden or unknown defects and they are subsequently discovered.

50. Builder miscalculates completion date of new home.

51. Builder has too many cost overruns.

52. Final inspection on new home does not pass.

53. Seller does not appear for closing and won’t sign papers.


The Realtor(s):

54. Have no client control over buyers or sellers.

55. Delays access to property for inspection and appraisals.

56. Unfamiliar with their client’s financial position – do they have enough equity to sell, etc.

57. Does not get completed paperwork to the lender in time.

58. Inexperienced in this type of property transaction.

59. Takes unexpected time off during transaction and can’t be reached.

60. Jerks around other parties to the transaction – has huge ego.

61. Does not do sufficient homework on their clients or the property and wastes everyone’s time.


The Property:

62. County will not approve septic system or well.

63. Termite report reveals substantial damage and seller is not willing to fix or repair.

64. Home was misrepresented as to size and condition.

65. Home is destroyed prior to closing.

66. Home not structurally sound.

67. Home is uninsurable for homeowner’s insurance.

68. Property incorrectly zoned.

69. Portion of home sits on neighbor’s property.

70. Unique home and comparable properties for appraisal difficult to find.


The Escrow/Title Company:

71. Fails to notify lender/agents of unsigned or unreturned documents.

72. Fails to obtain information from beneficiaries, lien holders, insurance companies, or lenders in a timely manner.

73. Lets principals leave town without getting all necessary signatures.

74. Loses or incorrectly prepares paperwork.

75. Does not pass on valuable information quickly enough.

76. Does not coordinate well, so that many items can be done simultaneously.

77. Does not bend the rules on small problems.

78. Does not find liens or any title problems until the last minute.


The Appraiser:

79. Is not local and misunderstands the market.

80. Is too busy to complete the appraisal on schedule.

81. No comparable sales are available.

82. Is not on the lender’s "approved list."

83. Makes important mistakes on appraisal and brings in value too low.

84. Lender requires a second or "review" appraisal.


Inspectors

85. Pest inspector too busy to schedule inspection when needed.

86. Pest inspector too picky about condition of property, hoping to create work for themselves.

87. Home inspector not available when needed.

88. Inspection reports alarm buyer and sale is cancelled.


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Kristi Soligo
Licensed in Missouri and Kansas
Reece & Nichols Co.

Phone: (816) 407-5200
Fax: (816) 407-5386
9601 NE Barry Road, Kansas City, Missouri
Kristi@KristiSoligo.com