The New Norm

At first I didn’t think any thing about it, but after several weeks, it started to dawn on me that we are actually in a different climate with real estate transactions! Maybe it’s only in Rochester, New York, but I think not! Welcome to the new norm!

Here is what that means to you as a buyer, no longer can you expect to put an offer in on a property, go to the bank, and close nonchallantly 45 days later.

Now, it’s a tug-a-war with the seller over every little thing that doesn’t meet their expectation in the purchase offer.

Then after the home inspection, the seller is going to balk at everything we asked them to correct in the house.

Then, it’s off to the mortgage company to get the loan. Good credit, good job history and a solid downpayment, should be a piece of cake! WRONG! After the basic application, comes a steady flow of requests right up to the commitment. Then more requests after the commitment to get cleared to close. Then follow-up on the repairs and maybe it will close only 3-4 weeks late.

I hope as other agents do, that this process is a temporary one and the mortgage process will return to a more normal and sane process in the future!

But until this happens, you can count on me to be with you every step of the way!