Renee Porsia

Hello Lama918,

Quite honestly, it all will depend on the area, the home's condition and if the home is priced right. It will also depend on how good a negotiator your Realtor is.

I have found out that many Realtors are uncomfortable negotiating or fighing for their client. Any client of mine will tell you that it is my practice to fight for my client no matter what and that I am an expert negoiator.

So, depending on all of the circumstances, it may be possible but I couldn't say for sure until I saw the home and did my research.

I'd love to talk with you about your situation.

Feel free to read my blog at http://www.reneeporsia.com. You can find out what type of Realtor I am.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com - Mon Jul 6 2009, 15:27

Brandon,

As you can see, there are many Realtors willing to direct you to someone who may have done a 203k loan but what do you know about any of these people? Nothing. You do not know what types of experiences these lenders have had or how they treated their clients.

Your real question needs to be who am I going to hire as my Realtor that I can trust in and who will advise me and only concern themselves with my best interests and who can direct me to a "reputable" lender or lenders that I can research.

There is good and bad that go along with the 203k loan and you need to know both. Here is the link to the Bankrate.com article that I was interviewed for: http://www.bankrate.com/brm/news/small-business-guide-2009/2…

When you are ready, I would love to talk with you further about what your goals are.

Take care

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com - Mon Jul 6 2009, 06:23

Hello Brandon,

I wrote a great article for Bankrate.com about 203k loans. I will send you the link. You may find it helpful.

I have a few questions for you if you don't mind. What made you decide on a 203K loan?

You should really be careful when choosing a lender. You must make sure they are reputable. There are so many changes in the mortgage industry so you want someone who you can trust. This is also true for your buyer agent/selling agent.

When choosing your Realtor, make sure they are an expert negotiator on both sides. Hiring an agent who is afraid of confrontation. Negotiating is an art. Not a lot of Realtors are comfortable making waves in order to get the best deal for their client. Also, make sure they work full-time, know the Agreement of Sale like the back of their hand, are truthful and won't lead you on with regard to the price of your home.

You also should make sure that the lender you do choose, is available after 5, will attend settlement, will meet with you to explain your documents and will be there for you when you need them to be.

I'd love to talk with you further about your situation. Feel free to email me or contact me at (215) 669-0589.

Also, you can also read my blog to find out what type of Realtor I am. http://www.reneeporsia.com

Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com - Sat Jul 4 2009, 12:39

Hello Ann,

Sorry to hear of your frustrations.

Certainly if you did not hire your buyer agent, you can most definitely find another.

A buyer agent should work for you and have only your best interests at heart. You must also make sure that you do feel comfortable with whoever you choose. A buyer agent should be tech savvy, an expert negotiator, personalble, have a sense of humor (I think a sense of humor is key) not be afraid to fight for you when necessary, know the Agreement of Sale like the back of their hand, know how to structure your deal and be available when you need them. Those are just some of the qualities a professional, experienced buyer agent should have as well as work full-time.

I make sure that I put my client's interests first no matter what. It is not my goal to make sure that I am friends with Realtors. Many Realtors have problems with taking things personal and letting that interfere with doing their job for their clients.

I sell all over Philadelphia, Bucks and Montgomery Counties.

I'd love to chat with you further about your situation. Feel free to email me or give me a call at (215) 669-0589.

Feel free to get to know me a bit better by reading my blog at http://www.reneeporsia.com

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com - Thu Jul 2 2009, 06:18

Hi Randy

If you needed seller assist and your mortgage program allows for it, your Realtor should have put it into the Agreement of Sale however, the seller does not have to agree to give it to you.

If you need the assist and the seller will not give it to you and your Realtor can't negotiate it for you, perhaps you need to find another home.

Keep in mind, that if you increase the price of the home to include your seller assist, the home then needs to appraise for the higher amount and then there is a chance that the home will not appraise. That could be the reason the sellers will not give you seller assist.

We do not have all of the facts. If you can provide more details, we can perhaps give more advice.

Thanks

Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com - Wed Jun 24 2009, 13:25

Mukesh,

If you have a buyer agent then he/she will be able to tell you. It should be in the Agreement of Sale.

Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com - Mon Jun 22 2009, 13:51