How To Get The Best Out Of A Home Inspection – Lauren Mannor
On this episode of The Closing Table, we sat down with Lauren Mannor!
To watch the full episode, check it out on YouTube below. In the meantime, here’s a summary of the conversation…
Here’s what you missed from Lauren Mannor…
The conversation began with a word association icebreaker on underwriting, RESPA, quit claim deed, and more. Lauren then introduces herself as a dedicated mother of two and a loving fiancé. Her children and her fiancé occupy a significant part of her time, especially due to her 10-year-old’s active involvement in sports, particularly hockey. When she’s not engaged in her real estate work, you’ll often find her cheering on her child at a hockey game.
Lauren’s real estate market spans a wide geographical area primarily centered in Michigan. She caters to clients in diverse locations, including Oakland, Wayne, and Macomb counties. However, she doesn’t limit herself to these specific areas. Lauren is willing to extend her services as far as necessary to accommodate her clients’ needs. She understands that finding trustworthy and reliable agents with integrity can be challenging for many clients. Consequently, she goes the extra mile to assist clients who seek her expertise beyond her local area, as her reputation for providing exceptional service instills trust in her clients.
Kevin then asked Lauren if there was a time she recommended additional inspections by specialized professionals. Lauren explains that inspectors hold a unique position among other professionals involved in the real estate process, such as appraisers and title workers. Unlike these roles, inspectors are not required to obtain state certifications, although they may acquire additional certifications. While inspectors perform thorough evaluations, checking elements like light bulbs and sockets, they still have limitations. They possess experience and knowledge to identify potential issues, but they are not considered experts, particularly in structural engineering.
Lauren recalls an incident where her clients considered backing out of a deal due to the inspector’s claim of foundation issues. To address their concerns, she arranged for a structural engineer to examine the property at her own expense. Ultimately, it was confirmed that there were no actual issues, and the clients missed out on a potentially great deal. This example highlights the importance of recognizing that inspectors have their role in assessing what works and what doesn’t in a home, but they are not experts in every aspect.
When asked about a specific instance where her relationship with a lender proved advantageous for a client, Lauren emphasizes that it’s not merely about knowing the lender but also about being able to effectively collaborate with them and understanding each other’s work processes. Through their close working relationship, they develop a mutual understanding of what they can ask of each other and how to work together efficiently. This synergy enables Lauren to provide better service to her clients and streamline the transaction process.
By fostering strong relationships with lenders, Lauren also gains valuable insights into their lending practices, allowing her to better guide her clients through the financing aspects of their real estate journey. The trust and familiarity developed between realtors and lenders facilitate smoother communication, quicker responses, and a more comprehensive understanding of the client’s financial needs.
As a Certified Probate Real Estate Specialist, Lauren understands the difficulties that arise when selling a property as part of an estate settlement. She empathizes with sellers who are in a tough position of wanting to sell but lacking a place to go. Through probate real estate, Lauren can step in as a hero for her clients. Rather than finding them a new home, she focuses on providing assistance to the administrators, particularly those who reside out of state. By leveraging her extensive resources and connections, she supports administrators by offering the necessary resources they need throughout the settlement process.
Lauren’s training as a Senior Real Estate Specialist has also significantly informed her approach when working with older clients. She acknowledges the emotional connection older clients often have with their properties. Thus, she recognizes the importance of helping them navigate the emotional aspects of selling their homes. Additionally, as many older clients transition to assisted living, it can be a significant step for them. Lauren takes proactive measures to ensure they remain involved in the process as much as possible. By addressing their unique needs and concerns, she helps them feel supported throughout the buying or selling journey.
Lauren has experience assisting clients with their real estate investments, although most of her investors are not focused on Detroit. However, she highlights success stories from clients who have invested in other cities and have played a part in improving those communities. Rather than specifically discussing Detroit’s revitalization efforts, Lauren shares examples of clients who purchased buildings to contribute to the revitalization of their respective areas. She also mentions the concept of “house hacking” and expresses her own personal interest in it, stating that she wishes she had gotten into it earlier.
The conversation wraps up with Lauren mentioning two sources that have had a significant impact on her. The book “Rich Dad Poor Dad” has been instrumental in fueling her passion for business and investing. Additionally, she attended a Tony Robbins event, which she describes as life-changing in terms of mindset and personal development.
Check out Lauren Mannor:
https://www.facebook.com/lauren.elizabeth.718689
https://www.facebook.com/LaurenRealEstateAgent
https://www.instagram.com/lauren_mannor_/
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