Reverse Mortgage Information

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Selling my home - planning is key.

Recently I listed and sold my home.  My agents (my sister and nephew) came to the listing appointment with more than just forms.  They had a plan.  Beth was all about the "time line" and guided us on paper from preparing for the open house, to reviewing offers, to packing and moving - she drew it all out for us. Each of us knew who was responsible for doing what and when. 

By creating a detailed marketing plan, action list and time line we created the future we wanted.  Beth even predicted the final sales price within less than 1%!   With clear instructions we were calm, educated sellers and knew exactly what was expected of us.

I'm recomennding the written timeline and action plan to all listing agents so that their sellers too will feel confident and clearly know what is expected of them; and what they can expect from their realtors.

I know, it seems like such a simple thing, but in this world where everyone is an expert, many just wing it cause they know they can handle the glitches.  I say, "Make a plan, execute it, and AVOID the glitches"  Sounds like a sure way to get referrals and a great reputation.  That's got to be good for business.

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By Deborah Nance

NMLS#202003

Your Local Southern California Reverse Mortgage Professional

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Equal Housing Lender

iReverse Home Loans, LLC, NMLS#810502 originates reverse mortgages in Alabama, Alaska, Arizona (MB-0919584), California, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon (ML-5378), Pennsylvania, South Dakota, Tennessee, Texas, Utah, Vermont (1164-MB), Virginia, Washington and Wisconsin. 

Important Information: Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage loan to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, we strongly recommend that you consult with a qualified independent housing counselor, family members and other trusted advisers before making this decision. This website is not from HUD or FHA and was not approved by HUD or any government agency.

Comment balloon 0 commentsDeborah Nance • November 29 2009 12:43PM

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