Latest / Ask The Experts / What Makes a Good Agent with Rock Realty

Transcript

What Makes a Good Agent with Rock Realty · Ask The Experts

0:03
Speaker 1: Eight thirty seven thirteen ten WIB and ask the experts.
0:07
Speaker 1: Hanging out with Matt Heiman of Rockrealty online Rock Wisconsin
0:10
Speaker 1: dot com. That's Rock Rock Wisconsin dot com and of
0:14
Speaker 1: course Matt comes with from Rockrealty. You mentioned the website,
0:17
Speaker 1: haven't mentioned a telephone number? That's important? Six eight six
0:20
Speaker 1: seven three fifty four hundred. That's six eight six seven
0:23
Speaker 1: three fifty four hundred. Head on over the website today.
0:26
Speaker 1: It's the cold one and it's a good day. Anytime
0:29
Speaker 1: you're you're stuck inside saying what can I do to
0:32
Speaker 1: just see what's out there and get some ideas and
0:34
Speaker 1: have some fun. Head on over to Rock Wisconsin and
0:37
Speaker 1: check out some of those really cool listings and we'll
0:39
Speaker 1: get to their featured listing in just a moment. In
0:41
Speaker 1: the meantime, if you haven't been to the website, do that. Also,
0:43
Speaker 1: get the app MLS dot rocks slash app if you
0:47
Speaker 1: got an iPhone or an Android, they have an app
0:49
Speaker 1: available to you there.
0:50
Speaker 2: Matt, How you doing this morning?
0:52
Speaker 3: Doing pretty good? Yeah?
0:53
Speaker 4: January actually is one of the busier.
0:55
Speaker 5: Months for shopping people. Yeah, just start especially January first.
0:59
Speaker 5: They start looking at houses and doing some closet shopping.
1:02
Speaker 1: Yeah, the spring, and it's I've mentioned I love, I
1:06
Speaker 1: love looking just to see what's out there. We're not
1:09
Speaker 1: personally looking to move, but you never know what you're
1:11
Speaker 1: gonna find, and it's always good to get some ideas
1:13
Speaker 1: and get inspired. And speaking of you never know what
1:16
Speaker 1: you're gonna find little gems. And I love when you
1:20
Speaker 1: bring in these featured listings, and I don't know what
1:25
Speaker 1: goes into selecting them, but I'm always amazed by what
1:28
Speaker 1: you're bringing in. Great houses, great neighborhoods, great prices, and
1:32
Speaker 1: this house this week is no exception. Right on Hamilton
1:36
Speaker 1: Avenue in Janesville. Let's talk about this nice little little
1:39
Speaker 1: house you got listed there.
1:40
Speaker 5: Yeah, it's kind of hard these days to find a
1:43
Speaker 5: house under two hundred and fifty dollars, especially one of
1:46
Speaker 5: them three bedrooms. This one is fourteen zero nine Hamilton
1:50
Speaker 5: Avenue in Janesville, and it's a little ranch home that's
1:54
Speaker 5: three bedrooms, one bath, built in nineteen sixty eight. And
1:59
Speaker 5: I just really like this listening, to be honest with you,
2:02
Speaker 5: it just seems like the perfect either starter home or
2:05
Speaker 5: rental for someone that wants to get into single family rentals.
2:09
Speaker 5: It's got all the bedrooms on the main floor, got
2:13
Speaker 5: hardwood floors, and then yeah, one of the big things
2:16
Speaker 5: I really like is the space in the basement. Maybe
2:18
Speaker 5: to finish off, it's a big, wide open basement as well.
2:22
Speaker 2: You mentioned rentals there to do.
2:23
Speaker 1: We see a lot of folks kind of getting into that,
2:26
Speaker 1: those who are kind of in that position. It seems
2:28
Speaker 1: to be a really nice spot to be in if
2:31
Speaker 1: that's something that you might be interested in doing. Is
2:34
Speaker 1: there are places just like this which are just ideal
2:37
Speaker 1: you think about your potential tenants, families, those type of folks.
2:41
Speaker 1: Do you get a lot of people that are saying,
2:42
Speaker 1: you know, we're looking to pick up some property just
2:45
Speaker 1: to use as whether it's commercial or residential, and use
2:48
Speaker 1: it as as an opportunity to rent.
2:52
Speaker 5: Yeah, I think that single family homes, I think it's
2:55
Speaker 5: a pretty good opportunity for rent. I think most people
2:58
Speaker 5: think of two units or four units rentals, but I
3:00
Speaker 5: think there's a good market for single family home rentals.
3:03
Speaker 4: A lot of especially even professionals.
3:06
Speaker 5: Are thinking, hey, I don't know how long I'll be
3:09
Speaker 5: in this job in this location, I'd rather just rent
3:12
Speaker 5: in the meantime.
3:13
Speaker 3: Keep things free and fluid, and.
3:16
Speaker 5: Yeah, this would be a good one for that, that's
3:18
Speaker 5: for sure. I mean, I don't know if you saw
3:20
Speaker 5: the updates on.
3:20
Speaker 1: There, new windows and doors, I think, yeah, yeah, new
3:24
Speaker 1: furnace you see.
3:26
Speaker 4: Yeah, that sounds sounds like a lot of it's been
3:28
Speaker 4: done already for you.
3:29
Speaker 1: So I think for a lot a lot of folks
3:31
Speaker 1: who have owned a home, they start seeing those things
3:33
Speaker 1: and right away they queue and they go, that's what
3:35
Speaker 1: I'm looking for.
3:36
Speaker 2: Yeah, those things.
3:37
Speaker 4: It takes a unique buyer to to want to do updates. Yeah,
3:40
Speaker 4: so this is this is a good one for everybody.
3:42
Speaker 4: Who's our listing agent on this, this one.
3:45
Speaker 3: Is Britney Doyle.
3:47
Speaker 2: Britney Doyle Doyle.
3:49
Speaker 5: Yeah, so I think we'll get you her number here, yeah,
3:52
Speaker 5: and give her.
3:52
Speaker 4: A call about the about going out and seeing a
3:55
Speaker 4: showing or something.
3:56
Speaker 1: Yeah, and you can check that out too if as
3:58
Speaker 1: we're talking this morning again, that's set fourteen oh nine
4:00
Speaker 1: Hamilton Avenue in Janesville. You can learn more about it
4:03
Speaker 1: online at rock Wisconsin dot com. That's rock Wisconsin dot com,
4:07
Speaker 1: or you can give Britney a call six oh eight
4:09
Speaker 1: four nine eight seventy seven ninety seven. That's four nine
4:12
Speaker 1: eight seven seven nine seven for Britney. And again it's
4:17
Speaker 1: a great property. Again, a lot of great potential and
4:19
Speaker 1: a move in ready. As I sometimes feel like if
4:22
Speaker 1: I say great potential, people are like, oh, what does
4:24
Speaker 1: it needn't know?
4:24
Speaker 2: This thing's gotten.
4:25
Speaker 3: It's good to be solid.
4:26
Speaker 2: It is solid.
4:27
Speaker 1: This week, Matt, we're gonna be kind of putting on
4:29
Speaker 1: a bit of a clinic when it comes to understanding
4:32
Speaker 1: real estate and a bit of a buyer's guide. And
4:34
Speaker 1: I know this is something you make available to folks
4:37
Speaker 1: you work with, and there's a lot of in with
4:40
Speaker 1: every industry, industry jargon, different things that go on that
4:43
Speaker 1: people don't always know until they get into it. And
4:46
Speaker 1: having a nice little sheet like this a couple of
4:48
Speaker 1: pages to kind of get potential buyers and sellers all
4:51
Speaker 1: on the same page for understanding is really important. And
4:53
Speaker 1: let's talk about some of the stuff contained in here,
4:57
Speaker 1: and and kind of the behind the scenes stuff with
4:59
Speaker 1: real estate agents, and let's kind of break down some
5:02
Speaker 1: of their main roles. And I think starting off, of course,
5:05
Speaker 1: the ability to communicate, listens and and really can can
5:09
Speaker 1: put your wants and needs into action and potential showings.
5:13
Speaker 5: Right, yeah, this is this is a guide that we
5:16
Speaker 5: use during kind of buyer consultations. I think it's a
5:20
Speaker 5: it's a step that's missed a lot for the home
5:23
Speaker 5: buying process.
5:24
Speaker 3: I think most people they.
5:26
Speaker 5: Want to shop online, they want to click showing, and
5:28
Speaker 5: they want to get.
5:28
Speaker 3: Through the door. Right.
5:30
Speaker 5: But you know, it's best if you can sit down
5:34
Speaker 5: with an agent and go over some things first. It's
5:36
Speaker 5: best to be educated before you walk through that door.
5:39
Speaker 3: And not only you.
5:40
Speaker 5: Know how the buying process works, but you know offers
5:44
Speaker 5: and what the what the different rules are. One of
5:47
Speaker 5: the things that we like to go over is different
5:50
Speaker 5: clauses that we might think of on an offer once
5:53
Speaker 5: it is time, right, but to have those in your
5:55
Speaker 5: head as you're going through a house helps versus trying
5:59
Speaker 5: to do it fast to the fact, especially if you're
6:01
Speaker 5: competing with other offers.
6:02
Speaker 1: Let's talk with some of the vocabulary and the one
6:04
Speaker 1: that we hear a lot and it is the word
6:07
Speaker 1: itself does have a meaning, but it's very particular depending
6:11
Speaker 1: on who's doing it and for what. Which is an
6:12
Speaker 1: appraisal and when it comes to in the in the
6:15
Speaker 1: real estate world, an appraisal who are we talking about
6:18
Speaker 1: there and how is that that used as far as
6:21
Speaker 1: part of the process.
6:22
Speaker 5: Yeah, I think one of the biggest confusions is the
6:25
Speaker 5: difference between appraisal and assessment.
6:27
Speaker 3: So assessment is just.
6:30
Speaker 5: A company that could sent out by your municipality, your city,
6:34
Speaker 5: your town, village, and they come through and give an
6:37
Speaker 5: idea of what they think the value of the property
6:41
Speaker 5: is for tax purposes, right, that is not an appraisal.
6:44
Speaker 5: An appraisal it requires a certified appraiser who comes out,
6:49
Speaker 5: actually goes physically through the property, does measurements, takes pictures,
6:54
Speaker 5: pars it to other recently sold properties.
6:56
Speaker 3: It's a much more accurate estimate for your house.
7:00
Speaker 5: And it's something that you know ninety percent of the
7:03
Speaker 5: time is ordered by a lender, but it is something
7:07
Speaker 5: that a home buyer could potentially order themselves if they
7:10
Speaker 5: were going to like purchasing cash and not use financing.
7:13
Speaker 1: And there's and when with an appraisal, it's it's a
7:15
Speaker 1: detailed report as well. You mentioned they look for comparables.
7:18
Speaker 1: And not only are they looking at other houses in
7:21
Speaker 1: the neighborhood that are similar, that have that have recently sold,
7:24
Speaker 1: they're really and I think for most most lenders they're
7:27
Speaker 1: looking for these appraisers. They're very detailed, like what type
7:30
Speaker 1: of what's and I think for homeowners as well or
7:33
Speaker 1: potential buyers, getting that appraisal is a nice little almost
7:36
Speaker 1: like a like a quick start guide for home ownership
7:40
Speaker 1: that gives you a good rundown of what it is
7:42
Speaker 1: that that you're about to buy.
7:43
Speaker 5: Yeah, just yesterday I was actually looking at an old
7:46
Speaker 5: appraisal from one of our own, our properties I own,
7:48
Speaker 5: just because I wanted to see, you know, what kind
7:50
Speaker 5: of you know, information was in their square footage comparables.
7:53
Speaker 3: And yeah, it's very useful.
7:55
Speaker 5: They're not only going to kind of compare apples to apples.
7:58
Speaker 5: They can sometimes compare apples to oranges. They can take
8:01
Speaker 5: two three bedroom homes and say, okay, this one has
8:03
Speaker 5: a garageous one doesn't What does that do to affect
8:05
Speaker 5: the value.
8:05
Speaker 3: So very very helpful.
8:07
Speaker 1: Very talented folks there for sure, talking this smart. Speaking
8:09
Speaker 1: of talented folks, the team at Rock Realty love to
8:12
Speaker 1: talk with you all. Get to pick up fe this morning,
8:13
Speaker 1: give me a call. Six So wait, six seven three
8:15
Speaker 1: fifty four hundred. That's six seven three fifty four hundred.
8:18
Speaker 1: Even easier head on over to the website Rockwisconsin dot com.
8:21
Speaker 1: That's r O c K Wisconsin dot com. A term
8:24
Speaker 1: you hear a lot is closing costs, and that is
8:27
Speaker 1: one where you go, oh, my.
8:28
Speaker 2: Goodness, what does this mean?
8:29
Speaker 1: And of course, if you're working with a good agent
8:31
Speaker 1: and good lender, you'll know exactly what that means well
8:34
Speaker 1: before closing. But let's talk about what those closing costs are.
8:37
Speaker 5: Sure, Yeah, closing costs tend to mostly be related to
8:42
Speaker 5: the title company and the lender. Right, So you'll have
8:47
Speaker 5: closing costs for the underwriting process from a lender, of
8:51
Speaker 5: closing costs for like an origination fee from the lender
8:55
Speaker 5: you can, and then as far as the title company goes,
8:57
Speaker 5: you're gonna have your your title insurance, you're going to
9:00
Speaker 5: have different fees they've they've used for procuring some of
9:04
Speaker 5: the old title and deeds from the county. So there's
9:09
Speaker 5: a there's there's a number of small little costs that
9:12
Speaker 5: that kind of add up to your closing costs.
9:14
Speaker 3: Bucket, what is.
9:15
Speaker 2: That we hear that term closing? What exactly is closing.
9:18
Speaker 5: Mat Yeah, so in our state, you know, title companies
9:22
Speaker 5: typically will manage the closing process, they're going to make
9:27
Speaker 5: sure that the deed is free and clear for the
9:30
Speaker 5: new owner, and they're going to make sure.
9:32
Speaker 3: That all parties that need to.
9:34
Speaker 5: Get paid get paid, including maybe past taxes that weren't paid,
9:39
Speaker 5: current probation on taxes, commissions as well, the lenders, old
9:46
Speaker 5: leans that were on the property that were forgotten until
9:49
Speaker 5: they pulled a title report. So all those things just
9:52
Speaker 5: to make sure that a buyer when they buy it
9:54
Speaker 5: can be free and clear and free of worries, and
9:57
Speaker 5: the title insurance will cover them if they're is anything
10:00
Speaker 5: found in the future that wasn't somehow caught by the
10:03
Speaker 5: title company, but that's an extreme rarity, but the insurance
10:06
Speaker 5: is there for that.
10:07
Speaker 2: It's fantastic.
10:08
Speaker 1: By the way, closing too is a correct me if
10:09
Speaker 1: I'm wrong, that's one where you'll walk out with keys
10:11
Speaker 1: and garage door openers in hand.
10:13
Speaker 2: Am I right on?
10:13
Speaker 3: That should? Yeah?
10:14
Speaker 4: I mean it's a big purchase. Hopefully a botches some keys.
10:19
Speaker 2: Oh that'd be great, get everything.
10:21
Speaker 4: But the key is you get to look at your
10:23
Speaker 4: your pretty new thing that you bought.
10:25
Speaker 1: You can't go in exactly as we're kind of working
10:28
Speaker 1: our way through these these some of these terms contingent
10:31
Speaker 1: that is that can get a little complicated, and we
10:34
Speaker 1: talk about some of the great benefits of working with
10:36
Speaker 1: it with a good agent. Understanding contingents and contingencies is
10:39
Speaker 1: an important part of it.
10:40
Speaker 2: What is a contingent?
10:41
Speaker 5: Yeah, contingencies in an offer is a protection of some kind,
10:46
Speaker 5: whether it be for the seller or the buyer. The
10:48
Speaker 5: majority of offer contingencies are related to the buyer, whether
10:53
Speaker 5: or not it's an inspection contingency so that.
10:55
Speaker 3: They could get out of the.
10:56
Speaker 5: Offer or negotiate if something's found, or if it's a
10:59
Speaker 5: finance and get tency, meaning you know, they're covered in
11:03
Speaker 5: case they can't get financing.
11:04
Speaker 3: For the problem for the property.
11:06
Speaker 5: But the financing contingency itself also has kind of a
11:09
Speaker 5: seller aspect in which the seller says, hey, you've got
11:12
Speaker 5: thirty days the financing and I can get out of
11:15
Speaker 5: the offer. So that's that's one of those contingencies that's
11:18
Speaker 5: actually for both the buyer and the seller, which is
11:20
Speaker 5: sometimes missed.
11:22
Speaker 2: Matt, what about earnest but that earnest money.
11:24
Speaker 1: That's a term that I think a lot of us
11:25
Speaker 1: here often but don't fully and be honest. I don't
11:29
Speaker 1: even know I've heard the term a lot. What is
11:31
Speaker 1: earnest money?
11:32
Speaker 5: Yeah, it's you know, a small amount or sometimes larger
11:36
Speaker 5: that you can as a buyer, put towards the transaction to.
11:39
Speaker 3: Show you are serious.
11:41
Speaker 5: Okay, it's set aside in a trust fund. Sometimes the
11:46
Speaker 5: listing firm holds that money. Sometimes the title company holds it.
11:50
Speaker 5: The trust fund is regulated by the state by certain rules,
11:54
Speaker 5: and they're not allowed to distribute that money without both
11:57
Speaker 5: parties agreement. So it's a safe space to put money
12:01
Speaker 5: to make it so that if I'm a buyer and
12:03
Speaker 5: all of a sudden, this much more pretty house comes
12:06
Speaker 5: on the market, I can't just jump ship well and
12:08
Speaker 5: get that back.
12:09
Speaker 3: That would have to be negotiated after the fact.
12:12
Speaker 1: Would that earnest money then be applied to when you
12:14
Speaker 1: make the purchases, maybe like a down payment or part
12:16
Speaker 1: of your payment to purchase at home.
12:18
Speaker 5: Then yeah, if you move to closing, that artists money
12:20
Speaker 5: gets to be placed towards your down payment indoor closing costs.
12:24
Speaker 1: Fantastic talk this morning with Matt Heyman of Rockrealty Online
12:27
Speaker 1: Rockwisconsin dot com that's orock Wisconsin dot com.
12:31
Speaker 2: Head on over there. Right now.
12:32
Speaker 1: Check it out online. Speaking of checking things out online,
12:35
Speaker 1: featured listing this week fourteen oh nine Hamilton Avenue in Janesville.
12:39
Speaker 1: You can see that at Rockwisconsin dot com or give
12:42
Speaker 1: Britney a call six oh eight four nine eight seventy
12:44
Speaker 1: seven ninety seven. That's four nine eight seventy seven ninety seven.
12:48
Speaker 1: We'll continue a conversation with Matt talk a little bit
12:49
Speaker 1: more about some of the terms that are used in
12:51
Speaker 1: the industry and why they are important. We will do
12:54
Speaker 1: that next as Ask the Experts with Rockrealty continues right
12:57
Speaker 1: here on thirteen ten wib I eight fifty one thirteen
13:05
Speaker 1: ten wiv and Ask the Experts. Hanging out this morning
13:09
Speaker 1: with Matt Heytman. Of course Matt comes. So it's from
13:11
Speaker 1: Rock Realty Online, Rock Wisconsin dot com. That's r O
13:15
Speaker 1: c K Wisconsin dot com. TELF number six so eight
13:18
Speaker 1: six seven three fifty four hundred. That's six seven three
13:21
Speaker 1: fifty four hundred. Talking through some of the vocabulary and
13:23
Speaker 1: some of the terms you'll hear when it comes to
13:25
Speaker 1: real estate, and every obviously industry has a very their
13:30
Speaker 1: unique terms and things that are very specific have very
13:33
Speaker 1: important meanings and understanding that as a potential buyer potential
13:36
Speaker 1: seller is very very important in all this information of
13:39
Speaker 1: course available to anyone that works with Rock Realty. And
13:42
Speaker 1: next point that comes up is a home inspection, and
13:45
Speaker 1: I think for a lot of us we go but
13:46
Speaker 1: didn't I already have that with an appraisal. These are
13:49
Speaker 1: two different things, aren't they.
13:50
Speaker 3: Yeah? They are.
13:52
Speaker 5: The home inspection is going through and looking at condition
13:55
Speaker 5: of the property, not necessarily value in any way. The appraisal,
14:00
Speaker 5: obviously is to determined value. It's going to need to
14:03
Speaker 5: be a certified home inspector. They go through the property,
14:06
Speaker 5: they find out what's working, what's not, what's working. They
14:09
Speaker 5: can identify what they think is a defect, what they
14:12
Speaker 5: think is a concern, maybe something that needs additional follow
14:16
Speaker 5: up by another professional.
14:18
Speaker 1: These are guys and gals that have flashlights and look
14:22
Speaker 1: like a contractor, and they'll end up in your attic,
14:24
Speaker 1: They'll end up in parts of your basement crawl spaces
14:26
Speaker 1: if you got them.
14:27
Speaker 2: They go everywhere.
14:28
Speaker 4: They sometimes wear overalls even yeah, so you know that's
14:30
Speaker 4: the real deal.
14:32
Speaker 5: But no, Now they have Fleer cameras for sensing heat series. Yeah, yeah,
14:37
Speaker 5: so we'll get reports back that show you know, different
14:41
Speaker 5: maybe potential voids and walls where insulation might be light
14:44
Speaker 5: or missing, where there might be potential roof leaks because
14:50
Speaker 5: it's colder, showing colder on that ceiling.
14:52
Speaker 1: So wow, with the home inspection as well as that report,
14:56
Speaker 1: is that used by the buyer, the seller, the the
15:01
Speaker 1: financing I mean, who all has access to that home inspection?
15:04
Speaker 1: And I've got to guess if you're a potential buyer
15:06
Speaker 1: and something comes out in inspection, you've got a negotiation.
15:09
Speaker 2: There is am I reading that right?
15:11
Speaker 5: So if you have a home inspection contingency and an offer,
15:13
Speaker 5: the buyer is requesting the home inspection, they more often
15:17
Speaker 5: than not are paying for the home inspection, and then
15:20
Speaker 5: that home inspection would get provided to the seller so
15:23
Speaker 5: that they could see it.
15:24
Speaker 1: Okay, So does that ever come up then as far
15:27
Speaker 1: as negotiations or we pass that point.
15:29
Speaker 5: Or oh no, that's definitely part of it, right, you know,
15:32
Speaker 5: as the offer sort of states, you know, it just
15:36
Speaker 5: gives people the option of getting out of the offer.
15:38
Speaker 5: But the kind of the true rubber where the rover
15:40
Speaker 5: meets the road is it allows for negotiation, m you know,
15:45
Speaker 5: with the seller. So the buyer can say, hey, instead
15:48
Speaker 5: of me getting out of the offer, let's let's uh,
15:50
Speaker 5: let's give me a little bit of a you know,
15:53
Speaker 5: closing cost credit sure.
15:55
Speaker 3: Or let's lower the price or something like that.
15:57
Speaker 1: They're like potential like let's say like a fireplace that
15:59
Speaker 1: may need some repair that wasn't would that be like
16:02
Speaker 1: could there be like money saying like an allowance or
16:05
Speaker 1: something to say to cover these costs? To say, you know,
16:07
Speaker 1: as a potential buyer, love everything about this house, but
16:10
Speaker 1: obviously the fireplace or something Chimney's gonna need some repair
16:14
Speaker 1: is Can there be a discussion about seller pays for
16:18
Speaker 1: that or puts into an account money to repair that.
16:21
Speaker 4: Yeah, So there's a lot of different ways you can
16:22
Speaker 4: go with that, and it all depends on kind of.
16:24
Speaker 3: Seller situation and buyer situation. So let's say we.
16:26
Speaker 5: Have a seller that just doesn't have a lot of
16:28
Speaker 5: cash on hand at least that's what we're hearing, right,
16:31
Speaker 5: we can maybe just lower.
16:33
Speaker 3: The purchase price.
16:34
Speaker 5: Let's say that we have maybe a lender that says, hey,
16:39
Speaker 5: that has to be fixed prior to closing, then you'll
16:42
Speaker 5: want to negotiate that it actually gets repaired prior to closing,
16:45
Speaker 5: but if you know, there is also the option like
16:47
Speaker 5: you're kind of referring to, is you can put money
16:50
Speaker 5: aside in escrow so that it gets fixed after closing
16:55
Speaker 5: as well.
16:55
Speaker 3: So there's a lot.
16:56
Speaker 5: Of different ways you can go and it all depends
16:57
Speaker 5: on the situation. So that's when having a real.
16:59
Speaker 2: Estate Yeah, it's important. Yeah stuff.
17:02
Speaker 1: By the way, as we talk about these items, and
17:05
Speaker 1: that's one of the great things about having Matt here
17:07
Speaker 1: to pick his brain each each and every one of
17:09
Speaker 1: these items, there's a lot of inner workings and a
17:12
Speaker 1: lot of a lot of things that can happen because
17:16
Speaker 1: of the results of this stuff. And as we kind
17:18
Speaker 1: of break some of these situations down, it's one of
17:21
Speaker 1: the great benefits of working with a really good, solid agent,
17:24
Speaker 1: one that knows you, knows the market, that understands how
17:28
Speaker 1: to handle these type of situations when they come up,
17:30
Speaker 1: it's a great time give them a call it Rock
17:31
Speaker 1: Realty six to eight sixty seven three fifty four hundred.
17:34
Speaker 1: That's sixty seven three fifty four hundred online Rock Wisconsin
17:37
Speaker 1: dot com. That's Rock rck Wisconsin dot com. Preapprovals are
17:41
Speaker 1: they absolutely necessary in the world we're in these days.
17:44
Speaker 1: And what is a pre approval for folks that may
17:46
Speaker 1: not know.
17:47
Speaker 5: Yeah, I would say that, you know, for a number
17:50
Speaker 5: of years, it's been an expectation by sellers if you're
17:53
Speaker 5: going to put a financing contingency in your offer, they
17:56
Speaker 5: want to know that you actually have a good likelihod
18:00
Speaker 5: of getting finances.
18:01
Speaker 4: Yeah, right, So a pre approval, there's there's kind of
18:04
Speaker 4: two different.
18:05
Speaker 5: Versions, right, And the lingo behind the whether it's a
18:10
Speaker 5: pre approval or a pre authorization changes depending on the lender.
18:14
Speaker 5: But lenders can run your credit score and just take
18:18
Speaker 5: your word for how.
18:19
Speaker 3: Much you make, okay, And that's the kind of weaker
18:21
Speaker 3: of the of the two.
18:22
Speaker 4: And then or they can actually verify.
18:24
Speaker 5: Income and go through a lot more details and kind
18:27
Speaker 5: of start to underwriting process beforehand, and that's a much
18:30
Speaker 5: more stronger pre approval.
18:32
Speaker 1: Fantastic information this week, as always from Matt Heytmen of
18:34
Speaker 1: Rock Realty. It's got about a minute left real quick.
18:37
Speaker 1: Fourteen oh nine Hamilton Avenue in Janesville. That is our
18:39
Speaker 1: featured listing this morning. Three bedroom, one bath under two
18:44
Speaker 1: hundred and fifty thousand dollars, great area, great house. Check
18:47
Speaker 1: that out online. Rock Wisconsin dot com. Give Britney a
18:49
Speaker 1: call for a showing. Six soh eight four nine eight
18:51
Speaker 1: seventy seven ninety seven. It's four nine, eight seventy seven
18:54
Speaker 1: to ninety seven. Matt, time flies by more hanging out Luba.
18:57
Speaker 2: It's good to see U.
18:58
Speaker 1: Get to the website. Rock with Gunson dot com. That's
19:01
Speaker 1: r O c K Wisconsin dot com. Vicky mckennaugh. She
19:03
Speaker 1: comes your way next year at thirteen ten Wi b
19:06
Speaker 1: A