Bob Murphy Online: What is going on with everyone in my business?

What is going on with everyone in my business?

What is going on with everyone in my business?  I haven't had a week like this one in a long time.  I think it is all because we are all working very hard to get any deal done these days. 

The Loan Officers are all letting things slip.  Maybe because of recent changes in lending laws in the state of Indiana where I practice most.  If you want to make sure you get your deal done you had better watch the loan officer closely.

The Loan Processors have all apparently stpooed looking at the entire file before submitting it to the Underwriter.

The Underwriters are questioning everything.  I mean everything.  And worst of all they do it one item at a time.  Delaying closings for weeks not just days.

The Home Inspectors are finding some of the weirdest stuff.  Scaring the first time home buyers into backing out of deals on a regular basis.  I know one agent who went through 5 homes before the Home INspector found a home that didn't scare the buyer to death.  Funny thing is not one of the 5 homes were really bad homes.

The Insurance companies are finding it harder and harder to write a Home Owners Policy.

Worst of all my fellow Realtors, you kow the ones who have managed to survive this crazy market have gone crazy themselves. 

I can't wait until the market gets healthy again.  I think we are all on edge. 

Bob Murphy

Broker Associate

RE/MAX FIRST

502-773-2564

BobMurphy@ReMax.net

 

3 commentsBob Murphy • September 30 2009 09:55PM

Comments

It is a lot of tougher to get a deal closed right now.  I am having a few stumbling block but we are getting them closed.

Posted by Russ Ravary - Metro Detroit homes - Michigan Real estate & Mortgage info (Remerica Hometown One) 10 months ago

This is the new normal, so everyone had better get used to it!

Posted by Janna Rankin Scharf - Realtor Coeur d'Alene and North Idaho Homes (Keller Williams Realty Coeur d'Alene) 10 months ago

Russ - I'm am managing to get them closed but it not as much fun as it use to be.

Janna - let's hope this isn't the new normal.I am trying really hard to do my best and cooperating with everyone involved hoping some of it will rub off on the folks I am working with.

Posted by Bob Murphy (Re/Max First) 10 months ago

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