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CINDY MUSTAFA, AURORA REALTOR

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Hire a REALTOR! Don't search the Net!

12-10-11
CINDY MUSTAFA, AURORA REALTOR

If you want minimize the time it takes to buy or sell a home [in this market] please suggest that buyers and sellers don't start their search ANYWHERE but with a REALTOR.

We know 90% of home buyers and sellers start their search on the Internet. We want desperately to compare the homes 'for sale' for our exciting purchase. Some may want to compare where they should price their home as they consider putting their home on the market. If you think the Internet is a "disinterested" third party, this couldn't be further from the truth. If you want only to have an internet site, call me so that I can give you one that will have the most updated information, 216-408-1513, it's my direct line and I'm always available. If you want to work with a Real Estate Professional and local area expert, hire a REALTOR.

The Internet has become completely flooded with irrelevant, (paid for) sponsored search results that may have nothing to do with what your interested in finding. Past, Present and Future real estate listings can be found on line. It's all mixed together today to capture the attention of buyers, sellers, realtors, brokers etc. and the giving of your e-mail address with some personal information is just NOT a good idea. Companies have paid to come up on your search first, second or third place, sometimes based on where you live, just to sidetrack and sell you something else in the end. It's a QUAGMIRE.

Beware that some search results may return sites with viruses, sponsored sales pitch links, infomercials, tracking cookies, buy me's, click me's, and you still haven't gotten an answer to or original questions. It can be overwhelming and a complete frustration. Real Estate can be simple, with a simple real estate professional. MESSAGE: HIRE A REALTOR!

Relevant real estate searches starts with live communication. It requires the "human factor" that the internet oftentimes just can't provide that.

When you are ready to save some valuable time and have a personal conversation with an area expert who's licensed and ready to help, feel free to call me direct.

I'm Cindy Mustafa, I'm a REALTOR and I will be happy to organize a search for any buyer or sellers. I'll be the advocate and commit myself completely, to your goals. I only ask that buyers and sellers are ready to make the same commitment. Otherwise, respectfully....call me second.

My direct phone number is: 216-408-1513.

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INNOCENT BUYER NAMED AS DEFENDANT IN LAW SUIT, UNFAIR?

06-19-10
CINDY MUSTAFA, AURORA REALTOR

Has this ever happened to you?

One sunny afternoon I jumped in the car as a friend said she wanted to buy a home for her daughter. It would be a starter home and hopefully help to teach her daughter about responsibility and home ownership. Yeah! I was the lucky chosen one!

We conducted a search and eliminated all but 4, selected one to see [her choice] scheduled the appointment and wrote the offer. The house sat on one lot and there was a vacant lot in the rear. All total .25 acres. Being told there was another offer coming in, the buyer wanted to offer a couple thousand over asking to make sure she was the winning one. - Wow! They responded so quickly - I was amazed - but not so much when I found out the second really didn't write - it was a verbal offer that must of fizzled out, he said.

Well, now that we were the highest CASH bidder, and arranged for a 15 day close - we thought we'd speed it up. The offer was written on the 7th of June and instead of closing on the 21st, we thought we'd move it up to the 15th and be done with it. OH, did I mention there was a 2k earnest money check - the sale was part of a trust and they wanted solid offers only - no inspections were asked for.

One day after the accepted offer was returned to us, the agent calls to say there may be a 'bump' in the road. He said there was a daughter of the deceased, living adjacent to the vacant lot behind the home, who claims dad verbally told her she could have the lot and while she had nothing in writing - she might cause a stink but assured us if we close quickly, we should have no problems.

Initial title search was done and no clouds found on the title, no liens against the house made me feel a little more at ease - until we tried to file on the 15th. At this time, a co-trustee informs the title company an injunction was filed against our close, we'd close albeit delayed.

The 16th I received an e-mail from the Defendant's attorney, who I come to find out is also a 'co-trustee' in the trust who said my buyer would be calling me as some papers were sent to her from the courts, about the injunction details.

On the evening of the 16th [how fast was this] my buyer called me to ask about some papers she was served with; a Summons to appear, 100 pages of the complaint [about the families business] and a restraining order - ?

The daughter of the deceased, now a complainant, is suing the trust for her promised property and[my buyer] is now named as a 'Defendant- [along with 15 others], now a little unnerved at the attempt to be used as a pawn, we initiate a Mutual Release, since we're not closing on the 15th [they can't even perform by the original closing date 21st] and the seller wants to change the verbiage to state that the release is one sided - the seller doesn't want to release but instead only the buyer, to prove to the courts that they could of sold the land but were prevented by the daughter of the deceased so they might keep my buyer on the hook for the future lawsuit.

CAN I ASK YOU THIS?

Should the disclosure have stated there was a boundary dispute? The lot wasn't listing but instead, stated in the mls - Is this considered a material defect, which should be listed as 'honorable mention' on the property disclosure?

I find it hard to believe that someone didn't know about the Hatfields and McCoys battle we were innocently pulled into and furthermore, the listing agents duty was to disclose something, anything, on the mls listing or in the disclosures.

My seller doesn't want to move forward with this purchase, even if they could close - and have her daughter live amongst the family that is eating it's young. Just a plain unhealthy environment.

Why didn't I see it coming? How could I have protected my client? How can we really protect our clients when agents don't disclose? LA didn't know about it,? I find this hard to believe. When we list a house we should be intimate with it and it's history.

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TAX CREDIT - That's not my final answer and I'd like to phone a friend....

11-07-09
CINDY MUSTAFA, AURORA REALTOR

IT'S EXTENDED - IT'S ALSO EXPANDED - YEAH! THE EXTENDED EXPANDED TAX CREDIT WAS SIGNED INTO LAW!!! YEAH SAYS EVERYONE... Wait just a minute.....what was that 'fine print'?

Were we the conduit? Were the Realtors used for our mighty BIG push?

What happens after April? Would we have created a 'minny bubble'?

Won't this only work if home values remain 'under valued'? Won't this only work if the interest rates stay lower than 10 year norms? Are sellers starting to catch and keep their prices a little inflated because they know the buyer is getting a tax credit?

What if, what if, what if....

Has anyone ever found out where the money for the tax credit is really coming from?

Japan and China have bought treasury note totaling 560 and 467 BILLION respectively. When they want to cash in those notes, who do call? Right....the US GOVT....and who do THEY call.....right again, the tax payers.

While this is an assumption on my part, only because I really don't know - maybe you can help me...

WHO'S REALLY PAYING FOR THIS TAX CREDIT ANYHOW?

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CLOSING IS A PROCESS, IT'S NOT AN EVENT. WHO CHANGED THE RULES?

10-30-09
CINDY MUSTAFA, AURORA REALTOR

I can't tell you the number of loans that have been red flagged in the 11th hour, 24 hours before close. Lender says, everything will be alright, the underwriter is just pulling the credit one more time before they issue loan commitment - it's alright....I'll call you tomorrow with the good news! Next day the news isnt' so good and the damage control police have to be called in to try to save the deal.

What part of 'Don't apply for credit cards, Don't charge credit cards, Don't make any sudden moves with credit, no major credit purchases - just lay low' UNTIL WE GET THE LOAN CLOSED - ISN'T IN PLAIN ENOUGH ENGLISH? How many times should we say it? How many times does a buyer have to hear it?

11TH HOUR, 4 transactions,

1. Buyer buys a Pedigree DOG for $1,000.00 and puts it on their credit card [they will have to now get gift funds to pay it off to proceed]

2. Buyer uses a credit line to take out some money for moving expenses and to cover the cash they used for earnest money 1 week before close [Pay it off before proceeding]

3. Buyer goes and co-signs for her husband new car, 1 week before close and he dies two days before closing. [take the car back to the dealer and ask for loan foregiveness]

4. Buyer gets a credit card to buy new furniture but was going to wait until after the close to buy it, so no one would know. [omg, what do I do now]

NO NO NO NO - All four are part of the 'DON'T MAKE ANY SUDDEN MOVES WITH CREDIT, NO MOVEMENT UNTIL WE GET THIS PURCHASE CLOSED!

Is there another language that I can use besides throwing my hands over my forehead and slowly shaking it back and forth, I do this since I've never laid a hand on a client but hey, times are changing.

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What about a Realtor Bail Out?

05-27-09
CINDY MUSTAFA, AURORA REALTOR
Since everyone is talking Bail-outs, how about me? I'm concerned about my future too so what do I do - I work harder and smarter, that's my option. I specialize, downsize, qualify prospects more intelligently, make smarter decisions and listen better but is that enough? What about my bail out? I know that I'm "just a Realtor" But I"m a professional and on a different scale, I'm effected too. The difference is that every day I wake up - I'm unemployed. I don't make a living unless I successfully close a transaction and even after everything is perfect, the short sale, foreclosure or REO might still not close or it can come back to haunt us costing more time and at the end of the day, time is money. My 401K and SEP IRA are down substantially, not to mentione the overall number of transactions are down, effecting my income. I've taken a hit and no one is coming to bail me out. Am I affected, UBETCHA. My investments were for MY retirement, not to fund failing businesses or wall street adventures. I want my money back. They say 'wait, it will come back" - WHEN? Will it be before I retire? Make me whole, I'll take my money and hide it and hope someone doesn't find it. IMHO, Tax payers are paying to bail out companys that turn around and file chapter 7 and after giving them billions and billions of our money, there is no chance of a return to us. I've had enough already. What's the bail out to our middle class, our professionals that struggle? Was the solution a $600.00 stimulus check? LOL.
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