Byron "Buddy" Schilling, president of JBGoodwin REALTORS®, was featured in the Statesman giving his approval for the new home closing procedures.
The initial changes were met with concern for many agents throughout the industry, but JBGoodwin saw the opportunity for what it was: good for the people.
A big difference in the new process, which launched October 3, is an improved closing disclosure form.
“The closing disclosure goes through, in great detail and in simple English, what it is that the buyer and seller are actually closing, and what the buyer is getting in terms of a loan,” Schilling said, to the Statesman. “It's a beautiful thing due to the simplicity of it.”
This simplicity is exactly the intention behind the changes, which seek to prevent the same housing crisis that occurred in 2007 and 2008. By educating buyers on exactly what they are committing to, those buyers are able to make better, smarter choices.
Helping people find the best home for their needs is the ultimate goal for JBGoodwin REALTORS®, and it's what good real estate is all about. The new closing disclosure form helps people do exactly that.