Jim Curry - Home Buyers Guide V2 Book

selling their homes. In fact, he believed it was his duty to do just that — as it should be. So, when a buyer’s agent called him to let him know that he had a buyer interested in Trumm’s listing, but were willing to pay the full asking price, despite the buyers’ o ff er for $6,000 less, Trumm was taken aback, shocked. “Of course, the reason this agent told me this was because he wanted to make sure that the o ff er got accepted, so that he would get paid. He knew he was backstabbing his clients by putting his own interests above theirs,” Trumm is reported to have said. Th ank goodness that his listing received a higher o ff er from buyers who could a ff ord it, before the backstabbing agent’s deal could move to closing. “ Th e agent had gained nothing from his evil ways,” Trumm added. Key Takeaway: Do your research before hiring a buyer’s agent to avoid being the victim of backstabbing. Reread Chapter 2 to learn how to do this. THE CASE OF THE DISAPPEARING LENDER Alex was excited to make her fir st home purchase in 2016. However, as she lived in the Washington, D.C., area, her pricing options were limited, with homes on the lower end still costing $250,000. She did some shopping around to fin d out the amount that banks and other lenders would lend her, as well as their variable interest rates, and got preapproved for several. When she found her dream condo, she wanted to be able to a ff ord it, so she went with the lowest rate (4%) a bank o ff ered her. Th ey were also friendly, communicative, and seemingly professional, so she felt at ease. But suddenly her lending institution seemed to disappear — like 67

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