September 25th, 2013 7:17 AM by Eric Fang
It is back to "normal" rate now, though it isstill higher, much higher than May, June and July.
Just locked one 5/1 ARM Jumbo for 2.875%;one 7/1 ARM for 3.375%. And working on one 30 yr fixed for 4.25%. Though the rate is notfor everyone, but at least I can help my clientsto get the good rates, especially the ARM rate.
One appraiser almost kill one of the purchase.The reason is that he is to smart; and the listingagent made a small mistake.
The property is sold "as is". So the buyer will fixany problem if any. And it was not disclosed on the purchase contract. The listing agent posted allinspection report on the MLS; and the appraiser downloaded all the reports from MLS, and attachedto the appraisal report, this is to everyone's surprise.And now the buyer/seller have to get the section 1 fixed.
Speaking of the communication skills, I am trying toimprove it, and a lot of others should improve as well.
Last week, I tried to refer a purchase deal to oneagent. My client asked to get some credit back. Andthe agent said no. Just a few words. He did not knowthat this will be a cash offer and the purchase pricewill be 3.x million. The buyer will be from anothercountry, so it will not cost him too much time.At least he should ask more info about the transactionbefore reject this referral.