Thank God we finally closed this escrow!
Getting Ready to Buy? WHO YOU WORK WITH MATTERS!
THANK GOD! WE FINALLY CLOSED ESCROW! This was, without a doubt, the most challenging transaction of my nine-year career as a Real Estate Professional—and equally challenging for my wife, Anita, in her three years as a Realtor. Here’s the short version:
Our client chose a lender outside our preferred network. Initially, everything seemed fine, but as we neared the end of the transaction, things took a drastic turn. After multiple escrow extensions, this file stretched to nearly a month past the original close date, primarily because the buyer’s lender had to change the loan type not once, but THREE TIMES! Then, they shocked our client with an astronomical cash requirement to close the deal. Keep in mind, this all began as a DPA (Down Payment Assistance) program!
Due to the lender’s missteps, we had to contribute a substantial portion of our commission to ensure our client wouldn’t lose this home. Our clients were at serious risk of losing their inspection, appraisal, and deposit funds after being advised to remove loan contingencies—placing their deposit in jeopardy as well.
Through all this, despite a lack of communication from the buyer’s chosen lender, we were still able to close escrow by staying proactive. We worked closely with the listing agent, providing daily updates, even when we were the only ones communicating. Not many Realtors could have managed this, so huge congratulations to Anita for her calm communication and persistence throughout this ordeal. As for me, I may have yelled at a few people along the way to help push things along 😂, which isn’t usually my style, but this was beyond ridiculous!
Apologies for the long post—believe it or not, this is the short version. The takeaway? WHO YOU WORK WITH MATTERS. Choosing the Marchena Home Team is step one; step two is working with our preferred lenders, so we can rely on a proven team to get the job done right.
Buying a home is no small decision, and months (sometimes years) of planning often go into it. Whether you’re buying a retirement home, a starter for your kids after graduation, or relocating for a new job, the right buyer’s agent can make all the difference!
Let us guide you through the process, help you set a realistic budget, and find the home of your dreams—no matter where you are in life. We’ve got you covered!
If you’re tired of paying for someone else’s house and building wealth for someone else, let us help you join the homeownership club and get you started on the path to building wealth through owning your own personal assets.
Thinking about buying or selling? Call the Marchena Home Team today to see how we can help: 951-392-8511.
And if you haven’t already, be sure to like our Facebook page at: https://facebook.com/MarchenaHomeTeam
Buying a home isn’t a decision you make overnight. It typically takes months of planning (if not longer) to arrive at the right choice.
Whether you’re looking to buy a new home, retirement home, relocate to a new city, or move up or down, having the right real estate agent on your side can make all the difference!
Let Anita and Michael Marchena with the Marchena Home Team guide you through the process of buying or selling a home. The Marchena Home Team can also connect you with a fantastic lender to help secure financing, set a budget, and find properties within your range—all to help you find the home of your dreams.
Properties & Homes for Sale by Brokers Michael & Anita Marchena
Your Go-To Real Estate Professionals in Moreno Valley California
Looking to buy or sell a home in Moreno Valley, California? We’re your go-to real estate professionals, ready to assist buyers and sellers alike! For buyers, we’ll help you find the perfect home that fits your lifestyle and budget, guiding you through every step from the initial search to closing. For sellers, our expert marketing strategies ensure your property stands out, attracting the right buyers and getting you top dollar. With our experience in both real estate and home loans, we offer a smooth, stress-free process for all your real estate needs. Reach out today, and let us make your real estate journey a success!