Team George Weeks has become one of middle Tennessee’s top real estate teams because we have always put the needs of our clients first. Starting with the agent, to marketing, to administration and to closing we strive to make sure every “T” is crossed and every “I” is dotted so the client can relax knowing their transaction is being handled professionally and smoothly. Our clients become our friends because we treat them like we treat our friends and our friends deserve the best. The resulting reviews and testimonials we consistently receive from our happy clients tell us that what we are doing works.
Thank you D’Lynn for becoming one of those friends. We look forward to serving your real estate needs again in the future!
For many buyers, closing day can’t come fast enough. Once the offer is made and accepted, the time between can seem like eternity. For many, closing day goes smoothly. For others, there may be some unexpected surprises that pop up. While closing day problems are not usually anticipated by a buyer, they are not unheard of, and depending on what kind come up, some can be minor while others can impact the entire deal. Here are some of the most common closing day surprises.
For many buyers, a final walk-through is a must before closing as it allows the buyer to ensure the property’s condition hasn’t changed since the last visit and that any agreed-upon repairs have been done per the contract. If moving furniture created a new hole in the wall, agreed-upon fixtures have been removed, or the property is in total disarray, the issues need to be addressed immediately. The buyer’s agent should work with the seller’s agent to resolve any surprises that have come up. Walk-through issues are generally not deal breakers, but they can be a thorn in a buyer’s side.
A common surprise at closing is an error in the documents. Errors can include misspelled names, incorrect addresses, and even incorrect loan amounts or missing pages. Some issues can cause an hour or two delay, while others can result in a much longer delay. To avoid any document surprises, a buyer can request to see every document ahead of closing. Loan documents should be scrutinized prior to closing; by law, a buyer should receive a Loan Estimate form and Closing Disclosure form three days before closing. Once these forms are received, it’s up to the buyer to double-check the loan amount, down payment amount, interest rate, and all personal information, including spellings. If questions arise, the sooner they’re answered the better.
When buying a home, a title company will make sure the title to a property is legitimate by doing a title search, which is essentially a thorough examination of property records to make sure the title is clear of any liens or claims on the property. Title surprises can include: IRS tax liens, unpaid property taxes, judgments, contractor or mechanics liens, identity affidavit, and encroachments. Some of these surprises can be resolved on closing day; others may take a significant amount of time to resolve and will undoubtedly delay closing. Once escrow opens, the title company completes a preliminary title report and sends it to the lender and agents involved — a buyer can get a copy from his/her lender or from the title company and check if there are any preliminary issues. Many purchase agreements include a specific time period for the buyer to bring up any concerns regarding the title, so if there are issues w ith the title, get the ball rolling on resolutions as soon as possible.
For buyers applying for a mortgage loan, maintaining the same level of credit between being approved and the final closing is extremely important for a successful transaction. A person’s credit can be impacted by anything: changing jobs, getting a new credit card, closing a credit card, falling behind on payments, and even adding additional debt through large purchases. Surprises when it comes to a buyer’s credit can be a deal breaker for the lender; to prevent issues, a buyer can contact the lender ahead of closing to discuss any surprises that may have come up and come to a solution. The best way to prevent credit surprises: avoid making large financial decisions prior to closing.
Credit surprises can impact a mortgage loan, but there are other mortgage surprises that can come up on closing day. In a hot real estate market, lenders can be incredibly busy and inundated with loan applications. Sometimes, a buyer’s loan file can find itself on the bottom of the pile, meaning there may be important items omitted, documents missing, or extra information needed to complete the file on time. For a buyer applying for a mortgage loan, asking the lender what documents will be required ahead of time can save time and prevent headaches on closing day. Buyers can also call or email the lender to make sure they have all the important documents, items, etc. to complete the loan file on time. Before closing, a closing agent will be assigned to the transaction (the closing agent coordinates the final steps of the transaction to make sure all documents and funds are in order and handled correctly) — the bu yer can contact the closing agent to make sure the lender has all the needed documents, and if there is still any doubt, copies of all the documents and anything else that may seem important or pertinent to the transaction can be brought to closing.
Remember, your real estate agent is working on your behalf. Keep your agent informed — your agent wants to help you as much as possible, and he or she can be a great resource when you have questions.
Team George Weeks Earned Ranking for 2016 Home Sales
Murfreesboro, TN, 07/14/17 – Team George Weeks with RE/MAX Elite is among the 2,506 RE/MAX agents and teams featured in the 2017 REAL Trends “America’s Best Real Estate Agents” survey. The agents included in the survey represent less than one percent of all real estate professionals in the United States.
“Our number one priority is to help our clients have the best possible experience when selling or buying a home,” said team leader George Weeks. “Being recognized alongside so many hard working and dedicated real estate professionals is an accomplishment, and we’re honored to be named among ‘America’s Best’.”
The REAL Trends “America’s Best Real Estate Agents” survey ranks participating agents in the United States based on residential transaction sides and sales volume of the previous year. To qualify, an individual must have closed 50 transaction sides or $20 million in closed sales volume and a team must have closed 75 transaction sides or $30 million in closed sales volume last year.
Team George Weeks has more than 800 sold transactions with a combined 20 years of experience in the middle Tennessee marketplace. This is the third year Team George Weeks has been recognized among “America’s Best.”
Roughly 20% of all individual agents and team leaders featured in this year’s edition of the annual survey were members of the RE/MAX network. For the third straight year, RE/MAX qualified more agents than any other brand.
If you’re drawn to middle Tennessee then one great option is Rutherford county. Growing at a frantic pace, Murfreesboro, Tennessee serves as the county seat of one of the fastest growing cities in the country. Considered the center of population for the state of Tennessee.
Low cost of living
There are many reasons why you should choose Murfreesboro as your next home. For one, the cost of living here is low here in comparison to other cities of Tennessee. Median home prices here are $181000 while median household income is slightly more than $50000. As compared to the national average, the cost of living in Murfreesboro is 5.4% lower. Imagine the kind of savings that you can achieve when you buy a property and start living in this city. There is no dearth of modern amenities for you especially in the world of entertainment as there are many parks and recreational attractions in the city.
Quick and easy access to all major cities of Tennessee
Murfreesboro lies pretty close to capital Nashville (35 miles), allowing residents quick and easy access to the capital in just a few minutes. In fact, more and more people desirous of living in Tennessee are giving up Nashville as an option and preferring Murfreesboro instead because of lower property prices and lower cost of living.
The motto of the city of Murfreesboro is ‘Creating a better quality of life’. With the rapid growth and development of amenities in the city, it is clear that the administration is leaving no stone unturned to make Murfreesboro one of the best places to live in the USA.
Excellent educational opportunities for kids
If education of your kids is your prime concern, you can sit back and relax as Murfreesboro has a strong system of public and private schools to look after the educational requirements of children. The city is also home to Middle Tennessee State University with an enrollment of more than 25000 students. You sometimes get the feel of living in a college town when living in Murfreesboro.
There are many homes for sale in Murfreesboro Tennessee when you decide to make Murfreesboro your next home. However, it is prudent to consult a local experienced realtor to strike a good deal when buying a property.
You are doing a steady job in Nashville, the capital of Tennessee, and feel that you are ready to buy a home for your family. However, you’re put off by the fast paced lifestyle and huge population of Nashville. The next best option for you is Murfreesboro. A city close to Nashville which has a smaller population and also offers a lower cost of living. Here are a few tips to buy your home in Murfreesboro.
Save for the down payment first.
Before you approach a lender for financing you must have at least 15-20% of the total value of the property shortlisted for buying in your bank account. All lenders finance 80-85% of the value of the property and expect the remaining to be funded by the borrower. So if you are planning a $200,000 purchase then you’d need $30000 in your savings bank account.
How much of a house can you afford?
You cannot start looking at million dollar homes if your income is not sufficient to pay monthly installments. There are many homes for sale in Murfreesboro and most of them are in the $150000-$300000 price range. Take a look at your income and expenses to find out how much mortgage obligation you can afford to pay to the lender each month. This will give you the ideal price range to search within for your prospective home.
What is your credit score?
Before starting your home search it is prudent to take a look at your credit score. If it is not good then it is futile to apply for a mortgage loan. Not only will your application be rejected, but it will also lower your score further and show on a report. This is the reason why it is so essential before applying for a mortgage that you know credit score and work to improve it. Once you have your credit in order obtaining the financing from a lender becomes easy.
Find the right realtor for your home.
Purchasing a home for your family is a big decision which involves lots of money. We do not recommend casually hiring services recommended by your friends and neighbors. Take the time to thoroughly research who is knowledgeable of the local real estate market in your area before finalizing your decision contractually.