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Who’s Who in the Home Buying Process

by Melissa Thompson


Buying a home is not something you do alone. There are a lot of players that participate in the process.  You will work together with several people who will use their professional expertise to guide you along the way to home ownership.  It might seem a little overwhelming, but once you understand the role each of these individual’s will play, you will realize the benefit of having them on your team.  Are you wondering who these people are?  Here is a “who’s who” list of the professionals you will meet along the path of your home buying journey:

  1. Mortgage Lender - Meeting with a mortgage lender is something you can and should do prior to even starting your home search.  Getting a pre-approval for a mortgage loan is a great way to make yourself stand out to sellers.  Your mortgage lender could be an independent lender, a credit union, or a bank.  Meet with several so you can choose the one that suits you best.  Once you choose, you will work with an individual Mortgage Banker who will be your guide through home loan process.  Your mortgage banker will help you determine how much you can afford to spend and assist you in filling out your loan application.
     
  2. Realtor - Navigating the home buying process will be much easier with an experienced Realtor on your side. A professional Realtor will not only help you find the perfect home, she will also be your advocate throughout the whole process; before, during and after you close on the home.  Take the time to interview several Realtors to find the one whom you feel comfortable with.
     
  3. Home Inspector - Trust me when I say that you don’t want to skip the home inspection. No matter the age of your future home, having it inspected can save you from buying a one that has issues that could cost you a lot of money in the long run.  A Home Inspector is trained to carefully check the home’s structure, electrical, HVAC, plumbing, and roofing among other things in order to provide you with a detailed report on the condition of the home.  This report will have an impact on your decision to continue with the purchase of the home and may help you negotiate for repairs by the current owners before the sale is completed.
     
  4. Appraiser - The home appraiser plays a crucial role in the home buying process.  This is the person who will make sure that you are not overpaying for your new home. He or she will look at the condition of the home and make a comparison to similar home sales in the area to come up with the fair market value. Guidelines for Home Appraisals
     
  5. Title Searcher - A Title Searcher will review public records for your property to make sure there are no issues that will be problematic for the home sale.  The research things like overdue taxes, zoning restrictions or liens against the property that prevent the issue of a clean title on your new home. The title company facilitates the closing on the home and provides the documents involved.  Finally, they will make sure that the new home’s title records are appropriately filed.
     
  6. Insurance Agent - As a home owner, it is required that you have home owner’s insurance when you obtain a mortgage.   This insurance will financially protect you and your home should there be a disaster.  Be sure to do your research prior to submitting your mortgage application so that you can find the best insurance policy for your needs.

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor, Melissa Thompson, and let her help you with all your real estate needs. Give her a call at 901-729-9526 today!

Getting to Know Melissa Thompson

by Melissa Thompson

Hi and welcome! Thank you for stopping by my new venture to connect with all of you! First things first, let me tell you a little about myself if you don’t know me already. My name is Melissa Thompson; I have been in the real estate field for almost thirty years and absolutely enjoy every minute of it. This isn’t a job for me, it is a passion. I represent the wonderful area and surrounding areas of Memphis, TN. Real estate is a family business, I am following in my father’s footsteps. He is my source of strength and support. With his guidance and encouragement, I have become one of Memphis Tennessee’s most successful Realtors. I was born and raised in Memphis so the area is not just where I work it is where I live and play.

Family is key to me, as a mother of five incredible children I understand that family is your top priority too but also that making a move affects the whole family- I pull out all the stops to make the transition and process as smooth as possible.  When I am not running half marathons I am making memories and spending time with my family. I have a personal goal to do a half marathon in a new location once a year.

I am a member of the Multi-Million Dollar Club and have consistently been a “Top Producing” agent. I average selling a home every 3 days making me a Top Agent for Crye-Leike Realtors; the Mid-South's #1 Real Estate Company. Having accomplishments and awards next to my name in this industry is humbling and important to me as businesswoman succeeding but also proving that my clients value what I do for them just as much as I do.

I’ve been told my negotiating skills have made quite a few deals, which is a compliment and extraordinarily special both business-wise and personally. When I can be helpful and memorable to my clients it is extremely remarkable to me. This is what I love; it’s why I have been doing it so long. You are all my priority.

I proudly will tell you my track record speaks volumes. I have been called unstoppable, hard-working, savvy and aggressive when it comes to marketing; just to name a few. I’d say these are wonderful qualities I’ll take being called from my amazing clients any day. Ninety percent of my business is repeat clients or based upon referrals. The confidences you have in me is shown from working with me repeatedly  or referring me to work with your loved ones; that is trust- a vital mission I strive for in every aspect of my life.

The reason I decided to start blogging was to have a new way to reach out and connect with my peers and clientele (past, present and future). Connecting with all of you is a vital part of my profession; all of the people I get to meet and have conversations with. It also seemed like a new, fun way to bring all of you some quality feedback, tips and topics without having to scour the internet.

I hope you will come back to the blog to see what else I have to share. I also hope to provide you with tips and information that are valuable to all, especially to homeowners and buyers. My goal is to make all of you feel intrigued enough to see what content the next post will include, but also to feel you have made a connection with me, as I feel I’ve done with many of you whom I’ve met.

Feel free to contact me at any time with your real estate needs or questions.  

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