Keep reading if you'd like to hear about the experience of Kristen, first-time homebuyer! Please follow me on Instagram @sarahh__june_realtor for more homebuyer/seller tips, tricks, and tours of BEAUTIFUL homes!
Kristen moved here from California and after renting for a year, she decided she didn't want to waste her hard-earned money on a 1-bedroom apartment that she didn't love. Her and her mom decided to invest on a house together and so the home buying process began!
The first step, getting pre-approved, went by fairly fast. They decided to use BNC Bank after shopping around because they gave the lowest interest rate. Once I received their pre-approval letter, I set them up on the MLS portal to view houses in their price point. This is always the fun part! She and I scheduled times to view houses and we ended up putting in an offer on the second home we saw. We went in at asking price and our offer was rejected (no Surprise since our market is SO competitive right now!) Well, it just so happened that that house went back on the market and this time, my clients offered $5,000 above asking price... and we got the house! But... this wasn't the house we ended up closing on... it wasn't even the SECOND house we went under contract with that we closed on... it was the THIRD!
The first house had some foundation issues so we backed out during our 10-day inspection period- no harm done and we got our earnest money back (per the contract). Then, we found another house and went under contract again, offering $5,000 above asking price. This house wasn't in bad shape, but it wasn't in great shape either. There were some things that needed to be fixed, including the HVAC (which in AZ is a pretty big deal!) The sellers agreed to repair the HVAC... or so we thought. Literally the DAY BEFORE CLOSING, we cancelled the contract because the sellers refused to replaced an evaporator coil inside the HVAC, but instead added freon. Doing that was a temporary solution to fixing the HVAC and so we cancelled. Fortunately for my clients, we got our earnest money back. I definitely turned on my lawyer voice to get that money back!
My clients were obviously upset and discouraged at this point but I made sure they didn't lose hope! Sometimes the universe just knows. Sure enough, we found another house that was the best out of all of them! It was so well-kept and the listing agent was much more helpful. It was a little more expensive than the other two but nearly NOTHING needed repairs. It actually ended up appraising for $5,000 higher than what we offered so that meant instant equity for my clients! Everything about this transaction was better, and I have to think that this was the house meant for my clients.
Kristen ended up finding a roommate to live with her so her mortgage payment was extremely affordable! Below is a testimonial of her experience:
"Sarah was the best part of our home-buying process!! What could have been a long and weary process turned into something exciting and hopeful! Sarah was so thoughtful and so intentional to make sure she really knew what we were looking for and stopped at nothing to find it. She was always open and honest throughout the whole process and we truly felt like she had our best interest at heart! She answered all of our questions and went above and beyond to find more information so we could make a competitive offer. She was in every single detail and jumped at every opportunity to find what we were looking for. So glad we chose her to help us find our dream house! We are convinced you won't find a better real estate agent!!"
Her experience is the reason why I LOVE WHAT I DO! It's so rewarding helping others find a home they love and break the renting cycle.
I'd love to connect with you if you're someone looking to buy or sell!
Author:Sarah June Crites Phone: 619-869-3916 Dated: January 20th 2021 Views: 977 About Sarah June: Hi! I'm Sarah June Crites, your Real Estate Leader!
I am a Mother, wife, and dog Mom serving the...
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