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I recently moved to Austin, TX from Nashville, TN on behalf of a new job. My new boss referred me to his realtor after purchasing his home eight months earlier. He stated that Monica Pottorff was his realtor and that he was very pleased with his purchasing experience. I spoke to Monica from Nashville and was referred to Brad Fulks who is a Buyer Specialist on her team as my relocation agent. Upon my first visits with Brad, I explained this would not be an easy task and that I hoped he had patience. My initial three trips to Austin consisted of only one full day to look at homes before flying back to Nashville. I wasn't familiar with the Austin area nor did I know where my new office was located. They did all the leg work and showed me the general area. This was a huge help. At least I knew where I didn't want to live but still had no idea about where I would end up. I moved to Austin in temporary housing in December and then the fun started. I think we looked at homes for weeks, including Saturdays and Sundays, with no avail. I made one offer on one home in three months. Finally, Brad pulled out all the stops and made me re-look at several homes. He knew exactly what I was looking for before I did, at this point. I placed on offer on the house where I live now, and with just slight negotiation, I got it. Today, I think I love this home more than any other I have owned. The Monica Pottorff Team has absolutely wonderful. They were so patient and understanding with my hectic work schedule and did everything they could to keep ME calm. I look forward to being at home now. I would definitely refer anyone I know looking for any type of real estate to Brad and the Monica Pottorff Team. Thanks for everything!!
Angie House
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Financing Your Home >Bridge Loans
What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.
A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.
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| Q |
What is the role of the U.S. Housing Authority?
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| A |
Created in 1937 by FDR, the U.S. Housing Authority provides construction loans to small communities and states. |
See More Real Estate Trivia > |
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