August 6

Radio Show Episode #6 The Timing Tug-of-War in Real Estate with Special Guest Eric Rosemary

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Introduction 

Join Rick Kendrick, renowned real estate professional and host of his own real estate show, as he welcomes a special guest, Eric Rosemary from CrossCountry Mortgage.

Together, they're diving deep into the intriguing world of real estate in an episode titled "Ready to Buy? The Timing Tug-of-War in Real Estate." This engaging discussion will cover everything you need to know, whether you're a first-time home buyer or an experienced pro.

Hosts of Episode #6

Logo Your Home Sold Guaranteed Realty

Rick Kendrick

Listen in to this week's episode where Rick and Eric discuss Florida's Hometown Heroes Program.

Eric Rosemary CrossCountry Mortgage

Eric Rosemary

Listen in to this week's episode where Eric, Branch Manager of CrossCountry Mortgage discusses Hometown Heroes with Rick.

Topics Covered in This Weeks Show

🏠 Exploring the Journey of a First-Time Home Buyer

If you're taking those exciting steps toward purchasing your very first home, this episode is tailor-made for you. Rick and Eric will unravel the mysteries of the first-time home buyer experience. They'll walk you through the process, from deciding if you're truly ready to buy to understanding the responsibilities that come with homeownership.

πŸ’‘ Discovering Available Programs for Buyers

Eric Rosemary, the expert from CrossCountry Mortgage, is armed with a treasure trove of information on the various programs designed to help buyers navigate the sometimes daunting real estate landscape. You'll learn about special financing options, down payment assistance programs, and more, making your journey to homeownership a little smoother.

🚦 Navigating the Timing Tug-of-War

In the fast-paced world of real estate, timing can be a tricky dance. Our hosts will discuss the ever-present "tug-of-war" between finding the perfect home and the timing of your purchase. Should you strike while the iron is hot, or is patience truly a virtue in this market? Rick and Eric will share strategies to help you make the right move at the right time.

πŸ” Spotlight on Mortgage Application Pitfalls

Applying for a mortgage can feel like navigating a maze, and there are certainly pitfalls to avoid. Our hosts will shed light on the common mistakes to watch out for, ensuring that your mortgage application process goes off without a hitch. You'll learn about credit considerations, documentation, and other essential factors that can make or break your mortgage approval.

🌟 Expert Tips, Real Stories, and Audience Interaction

Throughout the show, Rick Kendrick and Eric Rosemary will sprinkle in their own expert tips, share real-life success stories, and answer listener questions. Don't miss this interactive opportunity to get your burning real estate questions answered by two pros who know the industry inside out.

Whether you're ready to buy, planning for the future, or simply curious about the real estate market, "Ready to Buy? The Timing Tug-of-War in Real Estate" is a must-listen. Join us for a captivating, informative, and entertaining episode that will empower you on your real estate journey! πŸŽ‰πŸ‘

Transcript of Episode #6

Dave Sturgeon: 

Welcome to the your Home Sold Guaranteed Radio Show, where you get advice you can trust, from the latest real estate trends to the best mortgage rates, from curb appeal to home warranty. This is the show that will help you save and make the most money when it comes to buying or selling your most valuable asset. Now here's your host, broker and founder of your Home Sold Guaranteed Realty of Florida, rick Kendrick.

Rick Kendrick: 

Happy Sunday everybody. It's Rick Kendrick with the your Home Sold Guaranteed Realty Show today. We just love the opportunity to be on the radio with you here today. If you or anyone you know are considering to make a move, we would love the opportunity to interview for the job, especially if they're looking to sell. Let me give you our number, just in case it's 561-90133333. So, guess what? We got him back today. So Eric Rosemary, with Cross Country Mortgage, is back with us to give us some updates of what's happening and, more importantly, give us some facts on what's going on in the mortgage business. What we are gonna be hitting, really briefly, is that our buyer's ready to go ahead and make the move to make a purchase, and we hear people every day on phone saying, hey, why don't I just wait for interest rates to drop Right? And so we know and Eric and I have been in this business for a while in the long run, if you wait, it doesn't pay off. So anyway, hey, eric, how you doing.

Eric Rosemary: 

Hey, rick, I'm doing great. Thanks for having me back on. It's been, I think, about a month now since we last did a show together, so thank you for having me back.

Rick Kendrick: 

The last time we met we had introduced Hometown for Heroes program. And boy, it sounds like to me, from when I'm hearing it, there's probably taken off a little bit. I'm wondering can you just kind of bring us up to date on that?

Eric Rosemary: 

Yeah, hometown Heroes is part of SB 102 that our governor DeSantis put in place last year and he expanded that program as a July one program entails getting first time home buyers down payment assistance 5% of the loan amount up to $35,000. You have to make under 150% of the median income in your county and buy a property under the loan limits set forth in that county by either Fannie Mae or Freddie Mac or FHA. As long as you meet those certain few criteria, you qualify for up to $35,000 in down payment assistance.

Rick Kendrick: 

What an opportunity, not only for buyers but sellers too, because now sellers think about this. If they're a first time buyer, they can get out there and buy a house and have down payment assistance. I mean, this is usually the most critical thing when they're looking to make a purchase. Sometimes they don't have sufficient money to buy the house they really want. So I'm just curious, eric, so the last time we talked, you said when they started off they had like $100 million of this. Now, where are they now?

Eric Rosemary: 

Yeah, so they had $100 million pledged towards the assistance program and they're down to 52 million. Wow, almost half in less than 30 days. And Eric, are you?

Rick Kendrick: 

doing a lot of Hometown Heroes applications after.

Eric Rosemary: 

Yeah, hometown Heroes is in full swing. At CCM, we've had over 150 current buyers under contract with this program.

Rick Kendrick: 

Wow, that's outstanding. I know we have one closing, I believe, next week, and these folks, they have been looking, they've been in our database for over two years and this program came about. Our number one agent, eve, came to us and said hey, man, I can make this thing happen for him. So he brought him to you and then you guys did your magic, it made it happen and we really appreciate that. So it sounds like it's been a great success as far as hometown for heroes. So, eric, I'm just curious are loan applications up or down for, say, the month?

Eric Rosemary: 

So when you look at mortgage applications nationwide to the last week of June 30th, they were down 4.4% and that was the first decline that mortgages had in the last 30 days, and mostly because of rising mortgage rates. Applications to buy a home were also down 4.6% and those to refinance also dropped 4.1%.

Rick Kendrick: 

And that brings up the other subject. I mean, are interest rates nudging down or are they going up?

Eric Rosemary: 

You know they go up and down every single day a couple of times a day, but in the most part they've been pretty flat. They say rising rates rate will go up 1.25% today and then be back down tomorrow.

Rick Kendrick: 

So, eric, you told me at one time, just incorrect me if I'm wrong here. You know like, for example, the Fed just announced a quarter point increase, is that the same thing as a mortgage rate? It'll eventually go up a quarter point.

Eric Rosemary: 

No, no, it is not. So. If the Fed raises interest rates a quarter of a point, that's going to affect your credit cards, your home equity line of credit. That's all going to go up. Mortgage rates could actually drop if the Fed's raise rates. Why? Because it makes Wall Street a little bit more comfortable, confident that the Fed is doing what they're supposed to be doing. So mortgage rates could potentially drop because of that going up and down. Now is it going to be a long-term drop? No, it'll be a short-term drop for that day, and then it'll They'll flatten out.

Rick Kendrick: 

When you're dealing with somebody like Eric in cross-country mortgage, you're dealing with somebody in the business that are here every day that can give you these facts and figures. Buyers understand, okay, what we're saying here. The factor is that they have a down payment assistance for first-time buyers. Okay, that's crucial for you. Number two is that just because the Fed raises it at a quarter point doesn't necessarily mean that your interest rate on your loan is going to go up. So you know, these are the things I'd like to get into a little bit more when we get to the next seven. So after the break, we're going to be talking more about what's going on in the mortgage business, more importantly, how the interest rates and plus talk to Eric a little bit about the loan process and how crucial that loan process is in getting the seller to sign on to deal. So this is Rick Kendrick, with your home sole guarantee realty show, we'll be right back.

Dave Sturgeon: 

The schedule and appointment with Rick Kendrick to help you buy or sell your home. Call 561-901-3333 or go to rickhasthebuyerscom. Rick will be right back with more of the your home sole guaranteed radio show here on NewsTalk 850 WFTL.

Eric Rosemary: 

Hi, I'm Eric Rosemary, branch manager at Cross Country Mortgage in Boca Raton. If you're deciding which lender to trust, whether you're purchasing or refinancing, I would love the opportunity to work with you. Over my 20-year career, I've helped close to 10,000 families buy or refinance the place they call home. Despite what you're hearing about interest rates, you might be surprised, as what we can do for you, let's talk, call or text me at 954-312-3104 or visit rosemarymortgageteamcom.

Jennifer Ross: 

So you're thinking of selling your home. Call my friend, rick Kendrick, from your home, sole guaranteed realty of Florida. Hi, it's Jennifer. On average, rick gets home sellers 5% more than the average agent. So that means on a $500,000 home you're going to put an extra 25,000 bucks in your pocket. You'll be more confident in his marketing system to attract the right buyer for your home that he guarantees to sell your home at a price and a timeline that you all agree to, or he'll buy your home for cash. Maybe you've considered taking advantage of the rise in the home prices, taking all that equity you've built up over the years to buy your dream home. Kanisha did just that A few years ago. Rick helped her buy her first home, a townhouse in West Palm, sensing. It could be a good time to cash out. She called Rick. He was able to sell her town home for $5,000 over asking price and over two times what she paid for it. So she's using that money to buy a brand new home in Port St Lucie. So if you need to sell or you need to buy, call my friend Rick Hendrick, 561-901-3333, or visit rickhasthebuyerscom.

Cherisma Esteva: 

Hi, I'm Sharisma Stave, Director of Operations and Licensed Closing Agent with Performance Title, your trusted partner in Florida. When the conversation with your realtor or mortgage broker turns to title insurance, make sure you ask for performance title. With over 17 years experience, we've become a dedicated member of our community and a valuable resource to our clients. Join the performance title family today. Call me at 954-748-4890 or visit us online at performtitlecom. That's performtitlecom.

Dave Sturgeon: 

If you're ready to buy or sell your home and would like to schedule an appointment with Rick, call 561-901-3333 or go to rickhasthebuyerscom. Now back to the your home sold guaranteed radio show and your host, Rick Kendrick.

Rick Kendrick: 

Hey, welcome back from the break. In this segment we're going to be talking about, in particular, the loan process. I think that's really crucial. But before I do that, I just got a text from somebody. It says hey, listen, this hometown for heroes program sounds really cool. Can you kind of just qualify, eric, what that first time buyer?

Eric Rosemary: 

is exactly so. Yes, there's lots of misconceptions floating out there of what is considered, or who is considered, a first time home buyer. By the program guidelines, any person who has not lived in a home that they have owned in the past three years is a first time home buyer. So if you live in rented apartment in New York and you're moving to Florida but you own an investment property somewhere, you qualify as a first-time home buyer. If you live in a house that you're untitled to because your parents own it, your aunt, your uncle, whoever if you're untitled and you live there, you're no longer a first-time home buyer. So a first-time home buyer is somebody who has not lived in a home that they have owned in the last three years.

Rick Kendrick: 

A lot of buyers come to me and they go Rick, do I qualify for the first-time home buyer program? I'm going to give you Eric's number and his email address and you're going to either email him or even text him and see if you can set up a time, or even ask him if you qualify. So how do they get in touch with you to get that information, as they qualify as a first-time buyer.

Eric Rosemary: 

They can call me anytime at 954-312-3104. Again, 954-312-3104.

Rick Kendrick: 

Great, okay. So, eric, you know as well as I do, buyers will not let you look at their home unless they've been pre-approved for loans. Is that right, eric? Correct, yeah. So the very first step, even before we meet, you need to call your lender. The preferred lender that we use is Cross Country Mortgage. Eric, when they do an application, can they do it by phone or online, or do they actually come?

Eric Rosemary: 

into your office and do it. They can do it any of those three ways. I can send them an online application. They can get that at wwwrosemarymortgageteamcom. They can call me, they can do the application over the phone or they can come into the office and we can do the application. My office is in Central Boca, off of a Meadow Park Road.

Rick Kendrick: 

How long does that take? Usually Eric to do that process.

Eric Rosemary: 

If I talk to somebody over the phone, I'm usually done with them within 30 minutes, unless they're self-employed and they got multiple properties and things like that.

Rick Kendrick: 

I see Is it involved a lot of documents that are needed so you can get them pre-approved.

Eric Rosemary: 

A lot of times I'm able to pull verifications right then and there that give me the breakdown of their income and give me access to their bank accounts. So I'm able to get read-oldly copies of their bank statements, a verification of employment that'll give me their income breakdown if they work for a company that subscribes to that. So I'm usually able to pre-approve them not pre-qualify them, pre-approve them right there on the spot because I have the documents I need.

Rick Kendrick: 

We meet with a buyer and for some reason on Thursday he doesn't have a pre-approval or anything from a lender saying that he's approved for a certain amount. We want to go out and show him Property Friday. If he provides you all the documents, can we get them out there by Saturday morning? Look at the properties, you can get them out there by Friday night. Friday night, that's miraculous. Sellers understand what Eric said. We do not pre-qualify them, we pre-approve them. That's what he does. So, sellers, whenever you're looking and you're talking to an agent and you're interviewing an agent, ask them this do you make sure they have a pre-approval letter or a pre-qualification one? That's a critical question. As a seller, I think you may need to ask Just that. There's a little side note there, because I think right now a lot of people are making offers on pre-qualification letters. It does not work. A question that a buyer asks me I don't want to run a credit check. Is that a hard or a soft check? What does that all mean?

Eric Rosemary: 

So there's two kinds of credit verifications A soft credit poll which does not ding their credit, does not go on their credit report. We're able to run it through our automatic underwriting system with that soft credit poll and we're able to see their trade lines and liabilities and credit scores and everything as a normal credit report. Then there's the hard credit poll which counts on your credit report as an inquiry and that does all the same things as well. Those type of reports we need to submit to underwriting, to get underwritten and to close alone. So we eventually will have to do a hard credit poll once they get under contract or we submit them to our Fast track program, Eric.

Rick Kendrick: 

I got another question for you. Here's the crazy one. You know, when I pull up online, I look at my FICO score. Yeah, is that the same thing as you get on a credit score?

Eric Rosemary: 

No, no, there's many different scoring models and there's scoring models that you see for credit karma your credit cards and then there's scoring models for mortgages same thing with auto loans. So there are different scales that they use from Ranges of credit scores, also different analytics. That goes into it. So we pull a mortgage credit report.

Rick Kendrick: 

Gotcha, the unique thing about cross-country mortgage, which I really dearly love in our standardized as is sales contract. They have already written in there that a loan commitment will be 30 days.

Eric Rosemary: 

We can close in 21 days. We can give you a loan commitment in less than seven to ten days, really just waiting on the appraisal to come back. And we can also rush that appraisal. We get appraisal done in four days if we wanted to and pay for the rush. So our typical loan commitment seven to ten days. So we tighten up that contract to make it look really appealing to a seller to compete with a cash offer. We will put their loan through our fast track program, which is a fully underwritten program. Before you actually identify a property, give you a certificate that says we'll close on time or we'll give the seller five thousand dollars. Wow, we've already gone through underwriting. We'll shorten the commitment period up to seven to ten days while we wait for the appraisal to come back, and then we'll. We can close as little as 15 to 21. We guarantee 21 days or you'll get five thousand dollars if you, if the buyer, has been through the fast track program. Wow, obviously there's some restrictions with that kind of in aims Excluded and government loans excluded, that's, that's very very, very strong, eric.

Rick Kendrick: 

A lot of listing agents now are asking for desktop Underwriting reports. Should we be providing that to the sellers?

Eric Rosemary: 

so a desktop underwriting document is the automated system by Fannie Mae that either tells us somebody has approved and meets their guidelines or they're not, and that gives all the borrowers personal information, from credit scores to debt income ratios. It tells our underwriter and the loan officer in our processors what items we need to close. Do we need a verification of employment? Do we need pay stubs? Do we need w2s? Do we need to pay off collections or charge us? It tells us how to do our job and a lot of times realtors ask to have this document with the offer. That's no different than asking for a credit report and it is illegal to give that out. A lot of people don't know that got you.

Rick Kendrick: 

That's good to know, because the aspect of providing too much Information can be just about you.

Eric Rosemary: 

Yeah, you don't want to you don't want to provide Everything about your borrower because for what a listing agent needs to know is they are approved, and they're approved with a reputable company and with our fast track program, we give them a certificate that says they've been through underwriting.

Rick Kendrick: 

Regardless of what D you says, they've been through underwriting and we gave our stamp for approval that we're going to close the loan as long as we have three items praise, all, title and insurance and and here's the thing what's so great about cross-country mortgage in Anerik is a lot of windows will not take that extra step and call the listing agent or call the seller With the approval of the listing agent. Don't give up our secrets.

Eric Rosemary: 

This is what we do. We call the listing agent. Why? Because we want to tell them how solid our borrower is. But I want to get that listing agent's business. So I'm going to do everything I can to please them and calling the seller. Well, what are they doing? They're selling their house. They're buying another one. That's my opportunity to get another client in my door. So I'm gonna again do everything I can to please them, to make them happy, make them feel all warm inside that this is gonna go through and that the one major thing that every realtor and seller is looking for they're gonna get that communication. Eric, when is the best time to lock alone? When is the best time to buy Apple stock? You really don't know. So what I tell my clients are is this is when we get that contract in, we put your file together, you lock it. Then right, because as long as you're happy with where that payment is, that's all that matters. If you wait a week or two weeks to lock, your payment may not be where it matters. The rate is nothing. The rate is something you brag about to your friends, and ain't nobody bragging about their rates that they have, that they're getting right now. The payment is what is important. That's what makes you comfortable, makes you sleep at night. So if you're happy with it, you lock the loan in once you get the contract. If, by chance, interest rates drop before you close, we have a float down policy. We allow you to float down your rate. If rates drop, we're able to give you that lower rate. There's a small cost involved, but it's all factored into the interest rate. So you have that ability to do that. So it's the best of both worlds. But waiting to see. If rates drop, you could be sorely mistaken and they could rise on you, and they could rise fast and it could cost you the house.

Rick Kendrick: 

You just never know, and that's the reason why you have a mortgage lender who's in this business, watch these rates every day, because they're looking out for your behalf through this process. And, eric, I've heard this term and I don't understand it, but maybe you can explain the phrase date the rate, marry the house. What does that?

Eric Rosemary: 

mean the house is permanent, the rate is temporary, not saying that it's an adjustable rate. It's a 30 or fixed. Most people get it. I mean you can get adjustable. But we all know where the market is right now. Rates are high. We're trying to combat inflation. They're raising rates to do that. Once rates settle, you'll have the opportunity to refinance. Cross country has a program that we're giving out to everybody that closes with us and that is our buy now, refinance later program where we'll give you a zero lender cost refinance. We won't charge you any processing fees, any underwriting fees. You're buying the house, you're locking in the price now, when prices are essentially good, and you'll refinance later. Just remember, property values are still going up in this high interest rate market at a rate of 5 to 10 percent, especially in South Florida.

Rick Kendrick: 

We're living in paradise? Yes, we are.

Eric Rosemary: 

Yes, we are.

Rick Kendrick: 

You can't change that. Without a doubt, we live in an area where there's a high demand for homes. We have over 20,000 buyers in our database right now that are looking for homes. So, sellers, just to let you know, if you are entertaining the idea of thinking about maybe selling your place, or we'd like a free market appraisal, you can contact me at 561-901-3333 or rickhasthebuyerscom. So after the break here, we're going to get into the details of the dos and don'ts of making a loan application, things that you want to watch out for. This is Rick Kendrick. With your home sale guarantee realty show, we'll be right back.

Dave Sturgeon: 

The schedule and appointment with Rick Kendrick to help you buy or sell your home. Call 561-901-3333 or go to rickhasthebuyerscom. Rick will be right back with more of the your home sold. Guaranteed radio show here on News Talk 850 WFTL.

Jennifer Ross: 

Hi, it's Jennifer Ross and you know if you've been thinking about selling your home, you already know that the only agent that I would recommend to you is my friend, rick Kendrick. He's a broker and founder of your home sold guaranteed Reality of Florida. Now, what about the listener who would love Rick to sell but doesn't want to deal with the headaches of cleaning, staging, holding open houses and all that other stuff?

Rick Kendrick: 

Well, jen, we have the perfect solution. First of all, we always like to make our traditional home selling process stress-free. But for the listener who doesn't want to fix up their place, who is inherited a home or simply wants a fast, hassle-free Sale, we can make them an immediate cash offer and for that seller to get the most amount of money for their home.

Jennifer Ross: 

Come on, you can do that.

Rick Kendrick: 

Absolutely. Jen will come right over a praise a home, make you a fast, fair cash offer and close as little as three weeks cash in your hand Hard to beat it.

Jennifer Ross: 

Call Rick Kendrick right now. 5 6 1 9 0, 1 33, 33. That's 5 6 1 9 0, 1, 33, 33, or visit Rick. Has the buyers comm?

Cherisma Esteva: 

hi, I'm sure as miss David, director of operations and licensed closing agent with performance title, your trusted partner in Florida. When the conversation with your realtor, mortgage broker, turns to title insurance, make sure you ask for performance title. With over 17 years Experience, we become a dedicated member of our community and a valuable resource to our clients. Join the performance title family today. Call me at 9 5, 4, 7, 4, 8, 4, 8, 9, 0 or visit us online at perform title comm. That's perform title comm.

Eric Rosemary: 

Hi, I'm Eric Rosemary, branch manager at cross-country mortgage in Boca Raton. If you're deciding which lender to trust, whether you're purchasing or refinancing, I would love the opportunity to work with you. Over my 20 year career, I've helped close to 10,000 families buy or refinance the place they call home. Despite what you're hearing about interest rates, you might be surprised, as what we can do for you, let's talk, call or text me at 9 5 4 3 1 2 3 1 0 4 or visit rosemary mortgage team comm.

Dave Sturgeon: 

If you're ready to buy or sell your home and would like to schedule an appointment with Rick, call 5, 6, 1, 9, 0, 1, 33, 33 or go to Rick. Has the buyers comm now back to the your home sold guaranteed radio show and your host, rick Kendrick?

Rick Kendrick: 

And welcome back from the break. We had went through the loan process and got some details of particular things like credit checks and Dissept on a right. But more importantly now, eric, we would we want to get into is probably the do's and don'ts in getting a loan. What are some of the things that they should look for, what things they should avoid?

Eric Rosemary: 

Well, a lot of times, you know, rick, they always tell you hey, I don't want to talk to the mortgage guy until I'm under contract. Well, we both just went over that. That's not gonna happen. You're not gonna get into a seller's house and I accept an offer without having Pre-approval letter a minimum. But they should call us in advance to go over their loan application, to review their credit, to see where they stand in the loan application process. We have clients that are gonna close in a month, six months, a year, two years. I don't mind, let's get them in. We'll go over everything and see where they stand, because a lot of things can affect what they get approved for or if they get approved at all.

Rick Kendrick: 

So I've heard this agent said that the buyer they made application got approved and we show in houses in the next day. She drove up in a nice, beautiful convertible yeah issue, of course.

Eric Rosemary: 

I just heard of a story. I was out looking for a house, went and bought a Lamborghini. Now doesn't qualify, taking on new debt. This is all gonna affect what's called your debt-to-income ratio. That Translates into how much you qualify for a home. So keeping your debts at a minimum until after you close. But a lot of times I'll get customers that I just bought a car, can I buy a house? Didn't say you can't buy a house if you just bought a new car, but that payment is gonna go into your debt-to-income ratio. So hold out on the new Porsche, hold out on the new Audi. Let me get you into your house first, because you can't live in your car.

Rick Kendrick: 

You've told us. If some buyers their loan approval is very tricky, we're touching the edge of their loan amount and it's all a variable of what their taxes, their HOA's and their insurance is that right?

Eric Rosemary: 

Yeah, so the what we call the PITIA principal interest taxes, insurance and association dues these are all that make up your total housing expense and that also translates into a loan amount. So every property is gonna be different, every qualification is gonna be different, and in Florida we have a and this is another topic for another day Serious insurance issues here where insurance could be $2,000 a year or it could be $10,000 a year for a house. So that really plays a big factor into what they qualify for.

Rick Kendrick: 

You've always told me, rick, before you write that offer, send me the MLS sheet, let me look at the taxes. Let me look at the HOA fees. Let me look at the insurance costs on us to make sure this deal goes through. A lot of lenders will not do that. What you've done is you've taken it by your end. You've gotten them excited. You're going to potentially write an offer and what happens? If the HOAs are too high or the insurance is too high, they won't qualify.

Eric Rosemary: 

Where interest rates went up over the last week. So I check current rates. I'll check the property address against the other programs that are out there that may qualify specific properties to lower rates. We'll get a quote on insurance. We'll look at the age of the roof. My insurance agent that I work with will pull any previous permits and get a really good, rough idea of where the insurance is going to be. And then I'll look at the taxes the current taxes. We go off current taxes. We'll look at the HOA dues and if it's a condominium then we look at how solvent that condo is. You've got to run the properties by your loan officer. If you're not doing that, you're doing it wrong and one day it will come back and bite you.

Rick Kendrick: 

It's crucial to know this information as soon as possible, because you need to put an offer in, because somebody else could be putting an offer in before that. So I say to you, before you put that offer in, what you ought to be doing is talking to your lender to make sure all those numbers match up to what you're going to be able to do and get pre-approved.

Eric Rosemary: 

Yep, that's why I have somebody always available seven days a week, monday through Sunday, from 9 am to 8 pm, to make sure that they can run those numbers for you. How can they get ahold of you, eric 954-312-3104, where they can also email me at ericrosemary at ccmcom.

Rick Kendrick: 

So we're going to get right into our feature listing of the week. This one just came on the market. Actually, I want to talk about a couple of them, quite frankly Okay, but the one I'm really in particular about is a new one that just came on the market. It's a two-bedroom, two-bath first floor unit overlooking Singer Island $530,000 in North Palm Beach. This one will not last long. So I would say to you you really need to jump on this. I have a buyer looking in at $500,000 to $700,000 range in Lough to Hatchey and West Lake area. He only really needs about 2,000 square feet. He's got 20% to put down. So if you are entertaining the idea of putting your place on the market, I'd love to come out and take a look at it. I can give you a free market evaluation. If this meets his criteria, I'd be happy to help him out and show him your property. And then, finally, I'd like to talk about our Ghostserv Big Mission. We are actively involved in charitable organizations. One of our charities is Little Smiles. These are kids who are bedridden in hospitals, and we provide not only services to them but also toys and things like that entertainment for them. Every time we close a transaction. We donate a portion of our proceeds to Little Smiles and also to the Law Enforcement Assistance Foundation, which is LEAF. So if you are a listener and you or anyone you know friends, family, coworkers, neighbors are concerned, you need to make a move. We'd love to work with them. This is Rick Kedrick, with your home sole guarantee reality, serving the southeast coast of Florida. Our network extends all across the country and Canada. You can call me or text me at 561-901-3333. Again, I'd like to thank my special guest, eric Rosemary. He can be reached at 954-312-3104. We look forward to hearing from you next week. Tune in every Sunday at 10 am. This is Rick Kedrick, your home sole guarantee. Reality at 850-WFTL News Talk.

Dave Sturgeon: 

You've been listening to the your Home Soil Guaranteed Radio Show with broker owner Rick Kedrick Heard every Sunday morning here on News Talk 850 WFTL. Rick's company name is his promise your home, sole guaranteed reality. To speak directly to Rick about buying or selling your home, call now to schedule an appointment 561-901-3333 or visit rickhasthebuyerscom and mark your calendar to join Rick again next week at the same time For the your Home Soil Guaranteed Radio Show here on News Talk 850 WFTL.


About the author 

Rick Kendrick

Rick Kendrick, a Palm Beach Realtor, is the proud owner of Your Home Sold Guaranteed Realty of Florida. With an exceptional track record, Rick has earned the distinction of being an award-winning real estate agent, placing him among the top one percent of agents in the industry. Headquartered in North Palm Beach, Florida, Rick leads his own Real Estate Team, covering the Southeastern region of Florida, while also maintaining a vast network of agents throughout North America.

Rick's outstanding achievements have not only impressed his clients but have also captured the attention and admiration of prominent media outlets and celebrities alike. Renowned platforms such as Fox, CBS, NBC, and ABC have featured Rick, showcasing his expertise to audiences far and wide. His real estate acumen and remarkable success stories have also been shared on popular radio stations, including 850 WFTL News Talk and Sunny 107.9 FM. Listeners are captivated by Rick's wealth of knowledge and his unwavering passion for the industry.

In addition to his accomplishments as a real estate agent, Rick Kendrick is also the charismatic host of a captivating Real Estate Talk Show. Every week, Rick invites esteemed guest co-hosts to join him, creating a dynamic and insightful experience for his audience. With his extensive knowledge and expertise, Rick engages in thought-provoking discussions with his guests, sharing valuable insights, trends, and tips related to the real estate market. The talk show serves as an educational platform, not only for viewers seeking knowledge but also as a stage for industry professionals to share their experiences and expertise. Anyone interested in the world of real estate would find Rick's talk show to be a must-watch, as it offers a unique opportunity to learn and stay informed.

Tags

Eric Rosemary, Rick Kendrick


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