5 ways to help guide vacation home shoppers
It’s summer, a peak vacation time, when many people dream of owning a vacation home. If your territory is at the beach, in the mountains or in another attractive getaway spot, vacation home sales could be a significant niche. It’s also an area where your expertise can be key to your client’s satisfaction.
Here are some steps you can take to help make sure your clients will be confident they made a great choice in buying a second home — and in choosing their agent.
1 Final loan approval is subject to satisfactory appraisal and title review and no change in borrower credit and financial condition. Preapproval is subject to terms and conditions and timely submission of required documentation; ask your Lending Specialist for details. Preapproval does not commit to the continued availability of the loan program. The interest rate shown in a preapproval is based on our current pricing and is not locked. You may choose to lock an interest rate after we receive the complete and executed purchase contract. Borrower must submit purchase contract within 90 days of preapproval. If the rate at time of lock is higher, or a rate lock expires prior to funding, or for adjustable-rate loan programs when the index value rises, we must determine your ability to repay the loan at the higher rate, which may lower the loan amount or invalidate the preapproval. Not available on all loan products. Not available on refinance loans.
2 Real Estate 101: Here's What You Need to Know Before You Buy a Vacation Home, Matt Frankel, Millionacres, Fool.com, August 2019.
MAP3629818 | 06/2021