Back to it!
Dan’s activity this week:
Busy week. Two closings, one inspection, one offer in
process, two lease clients and a buyer who is ready to downsize their home of
30+ years!
So due to the
late, low appraisal, the buyer’s bank for my Monday closing had to push back
the closing first to Tuesday, then Wednesday and finally its set for 3pm on
Friday! Then at 4, another closing for
my clients selling their home, thankfully both closings are in our Fishers
office so I don’t even have to leave my seat!
The inspection for
my buyer clients that occurred on Monday turned up a few items that we are
hoping the elderly sellers will be willing to address. The initial negotiations where lengthy, in
part due to their children’s involvement, who are rightfully helping their
parents, however, its just drags out the process…too many chiefs!
My August
closing is still on track, just waiting to hear back on the appraisal...say a
prayer! With those clients we’ve also
put an offer on a short sale, which is living up to all its “short sale”
glory. Bank rejected 1st
offer, seller’s want to stay longer (who wouldn’t want to live for free!), etc,
etc. Hopefully it will all work out and
my clients will get a very nice home at a great price!
Last, the
renovation on our personal home. My wife
will be posting an update soon but I think we had around 20 workers in the
home yesterday! The progress is amazing and we are
planning on starting the move in process this Saturday…less than 3 weeks after
closing! Mindy sure knows how to run an
efficient renovation and job site.
So until next week, let’s hope it rains
and please take advantage of those low mortgage rates…refinance or buy a home
and enjoy the rates for the long haul!
Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.87
percent to 3.79 percent for the week ended July 11, according to Bankrate.com.
The rate for 15-year mortgages fell from 3.13 percent to 3.05 percent.
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