Zip being proactive, and addressing downturn.

User Forum Topic
Submitted by lindismith on August 17, 2006 - 9:51am

Zip Realty sent me this email yesterday:

"Dear ______,

I'm sure you are well aware that the housing market has been changing for many months now. Currently inventory is high and price reductions are everywhere.

I'm experiencing many sellers that are willing to negotiate terms. I have even negotiated sellers paying for my buyers' closing costs on my last 3 transactions.

If you want to take advantage of the current market while interest rates are still low and many sellers are motivated, it's imperative to be ready.

An important part of being ready is to know how you look in a lender's eyes. Before applying for mortgage pre-approval, it's best to check your credit report and FICO (Fair, Isaac and Co.) credit score.

You are allowed 1 free report per year. A great resource for obtaining your free report as well as credit resource information is:

www.annualcreditreport.com

If there are any glitches or incorrect information in your credit report, try to get them corrected before applying for a mortgage. Your credit score has a direct relation to the interest rate that you will pay. The better the score, the better the interest rate.

I hope you find this information to be helpful on your journey towards home ownership.

If your ready to move forward and take advantage of this market, let me know. I'm here to help.

Your agent, ______________"

I like them. I think they're on it. Makes me wonder what they're advising sellers.... Anyone had any emails from them about selling?