Browsing thoughts

Find The Best Anything?


In my effort to find the best washer and dryer for my new home I tried a few avenues. I posted a "help me" post on social media and got quite a few responses. This was great except it seemed there was no real winner out of the list of recommendations. Even so, there were a couple that had multiple recommendations and they were Whirlpool (Michigan family & friends), LG and Samsung. Most everyone noted Samsung having electrical issues but still worth looking into.

I decided to continue to look on my own which included combing the internet on Lowes and Home Depot, creating my own spreadsheet and crunch information I felt was important in my decision. Still, no dice on a clear winner winner chicken dinner.

Then I stumbled upon a website that does what my spreadsheet was attempting to do and even further. It has a quick an easy method of comparing just about anything. Below is a screenshot from the site to show its basic comparison of all washers. When you narrow your filter criteria down to features, load capacity and even price range it allows you to see what value you are getting for your dollar. I found this site very helpful in my decision process for a washer & dryer. I recommend everyone give it a try and let me know how it goes. 

Apply, Pre-Approved, Offer, Accept, Wait, Apply Again, Sign, Wait, Inspect, Accept, Wait, Wait More.....

Thoughts Opinions

Truth be told, I don't know what happens after the "wait more" step. I am still in escrow. I was told the last step would take 5-7 days for underwriting to review. That 7th day was two days ago now. I am 12 days out from closing, should I be concerned? I have been frustrated with the entire lending process so far. It seems like such an archaic process riddled with red tape. This industry is in dire need of disruption by someone that knows nothing about the phrase "this is how it has always been done." Has there been any attempts by startups in "The Valley" I wonder? Below are a few humorous points on why I believe the real estate lending industry ripe for disruption!

un·der·write [verb] - sign and accept liability under (an insurance policy), thus guaranteeing payment in case loss or damage occurs.

  • They mail you a hard copy with more than 100 pages for physical signatures. It's 2014 right?

  • They ask for fax numbers for previous landlords to do a verification of rent.

  • They need to go through 3 different underwriting approvals which are extremely subjective.

  • Processors decide when and how things go down. Don't piss them off.

es·crow [law] - a bond, deed, or other document kept in the custody of a third party, taking effect only when a specified condition has been fulfilled.

  • When they say 5-7 days for review they really mean 10
  • When they say they will email it to you tomorrow they mean in a week
  • Processors won't touch your file no matter how diligent you are with supplying information until the appraisal is completed.

to be continued...