Home Sales a Stable Market!

Today's Dodge City Daily Globe article talks about local market!

Home Sales Stable!

Click on the link above to read.

Are you Pre-Approved or just Pre-Qualified?

Today, I want to share some information about pre-approval and pre-qualification that a lender may give you.

Pre-qualification just says that based on what you've told the lender and your credit score and maybe they pulled your credit history, they will loan you an amount of money to purchase a property.  But beware, the small print will say, and I quote from a letter received by a customer, "Pre-qualification is neither a pre-approval nor a committment to lend."  In fact they repeat "This is not a committment to lend"

Pre-approval is the bank agreeing to give you a loan to purchase a property up to an amount they specify.  They do have conditions, i.e. the property must appraise and there must be verification of funds available to close and verification of employment.

The first step in the home-buying process is to find out what you can afford.  Call me today if you are ready and I can give you the name of several lenders, so you can get started on you way to home ownership.

You can reach me at 620-338-7474.  Have a Super Weekend!

REALTOR confusion?

Are you working with a Realtor®?  To find out check online at Realtor.com or ask the agent, "What Board do you belong too?"

To give you a brief overview, a person must take a pre-license class and pass.  The next step is to take the state exam and pass.  Finally they must hang their salesperson's license with a licensed broker.  If you are buying or selling in Kansas, the agent must be licensed by the Kansas Real Estate Commission.  To check the status of the licensee, online at http://kansas.gov/krec

Any questions?  email me at Lisa@DodgeCityHomes.com

By the way, I am licensed as the Broker of Dodge City Homes and belong to the Dodge City Board of Realtors® and Garden City Board of Realtors®.  I have over 10 years experience in selling homes in the Dodge City Kansas area.  See what's available in the Dodge City market at ISellDodgeCity.com

Are you on your own?

Did the agent offer you an opportunity to have representation?  Did you sign an agreement with the Realtor to work for you? 

If not they may be representing the other party in the contract or maybe the other party is represented by their Realtor and the person taking your offer is not giving you all the help you may want.  An agent only represents one party in a contract, by law.

I represent the Seller (a Seller's Agent) when I list a property.  If I don't have the property listed then I can offer my services to the Buyer to represent them (a Buyer's Agent).  As a Seller's agent all factual information is provided to the Buyer, so they can make an informed decision.  The best information a Buyer or Seller can use to determine the value of a property is to know what the market value is and the absorption rate for the area.

Let me know if I can help you determine the market value and absorption rate for your property.  Email to: Lisa@DodgeCityHomes.com