The November Coffee’s For Closers event was full of great information, presented by Joseph Maggiore, Agent/Owner of Desert Dimensions Properties. Check out this clip from his presentation, Strategic Contract Writing:
Lizy and Beth of B&L Alliance/Cobalt Mortgage also had some great lending information to offer, including considering having the lender follow up with the listing agent when you submit an offer to let them know your buyer is serious and qualified, and information on how concessions will change in 2013: “Fannie Mae upped the requirements for reserves for most conventional buyers. If someone owns a property and it does not have 30% equity or more in the property the borrower has to have 6 months of reserves for the property that they are vacating, plus the one they are purchasing. This new rule is going to force clients to go FHA or they are going to have to ask for seller contributions to keep their cash as reserves”.
To contact Joe, Lizy or Beth, or for more information on the December Coffee’s For Closers, Developing Your 2013 Marketing Plan visit the Coffee’s For Closers event page.