Incorporate Credit Repair into your process

 Well it’s safe to say that the housing market is moving forward in a recovery*. Inventory is down here along the NWFlorida area to about 5.9 months of inventory. That’s just about where you want to be for a healthy housing market. People who have been dying to get out of of their houses are starting to get some equity and are running to list, and people are waiting to buy them up. 

But Credit Scores are still an issue, a lot of people have gone through the depression and really got roughed up financially, and that shows in credit scores. Well this is one of those things that we as an industry need to get ahead of. Because although this recovery is artificial, it will stall out when our buyers are unable to get qualified. 

My experience in this department is that once most people get the bad news that they are unable to get qualified because of their credit scores, they go into their shell and disappear. So we need to start reaching out to credit repair experts, interviewing them, and working credit repair into the home buying process. It’ll take your process out about six to nine months but it’s worth it, and it will help keep the recovery* going.

The current Recovery* is artificial at best, and should not be considered a natural recovery.