“Greg (the Realtor® recommended) was great overall. The contacts you provided were invaluable and really let me shop around for a mortgage efficiently. Thanks again for all your help. I think the service you provide is extremely helpful.”

Physician clients took our recommendation and used Greg Sobotka to purchase their new home in Portland, OR.

Many people think of closing the loop as a final step; it is, in our opinion, a step that is used to begin the cycle again, based on an analysis of what has been accomplished and learned up to that point.  When a physician client purchases a home through a REALTOR® we’ve recommended, we make every attempt to reach all parties to find out how the experience went – from their perspective. We count on referrals from every client to “close the loop”.

Today, I received the following feedback: “Howdy! Thanks for your email. Your team was polite and helpful, and my husband and I love Mary Assadi. Thanks for making our transition easier!”

At Physician Relocation Specialists, we aim to please. It’s exciting to help physicians seeking a recommendation to a top notch REALTOR® or advice on which banker might offer a physician loan program to suit their specific needs.

We wish Debia and Dan the best as they embark on their new adventure as homeowners in Davis. And we thank Mary Assadi for taking excellent care of our clients!

If you had enough money to pay off your mortgage right now, would you? Many people would. In fact, the ‘American Dream’ is to own your own home, and to own it outright, with no mortgage. If the American Dream is so wonderful, how can we explain the fact that thousands of financially successful people, who have more than enough money to pay off their mortgage, refuse to do so.

Let’s be clear, buying a second home can be a great investment. However, wealthy physicians should buy second homes with as little of their own money as possible, leaving the majority of their cash in other investments where it’s liquid, safe, and earning a rate of return. One of the biggest misconceptions homeowners have is that their home is the best investment they ever made. Yet, a rate of return is always greater when physicians maximize the power of leverage.

If you are a practicing physician, have done a solid job managing your credit and have been successful in your saving efforts – buying a second home could be advantageous in today’s market, especially since home prices have declined and interest rates are near bottom.

If you would like to purchase a second home with as little as 10% down, please let us know how Physician Relocation Specialists can help you.

Case in point: two physicians contacted us today to help find financing after they had written offers for new homes, one for a $2,000,000 purchase in CT and the other purchasing a $700,000 home in IL. These clients will be put in touch with a banker who can help them meet their goals – free of charge.

We have worked with many physicians (and their spouses) who become emotionally tied to a new home either they cannot find financing for or cannot afford. In hundreds of cases, we have helped doctors find the financing solution they need.  Occasionally though, we run across clients who’s expectations need to be reset – but that’s the exception.

The following is the process we recommend when purchasing a new home:

Contact a REALTOR® through Physician Relocation Specialists

Get Preapproved for a Loan

Determine Your Price Range and Area(s) in Which You’re Interested

Decide Which Amenities and Features You Must Have – and Which Ones Would Be Nice but not Necessary

Begin Testing the Market

With Your Agent, Begin Seriously Looking at Homes

Make an Offer

• You’ll be asked to submit an earnest money deposit that usually isn’t refundable.
• Begin making moving arrangements (select a mover, obtain change-of-address cards, inform friends and relatives).
• Have the property professionally inspected.
• If necessary, request repairs.
• Obtain homeowner’s insurance.
• Contact utilities (phone, water, power, etc.).
• A few days before closing, stage a walk-through.
• Obtain a cashier’s check for the down payment and closing costs.

• Make sure the terms and conditions of the loan statement are correct.
• Carefully read everything before you sign.

Doctors, we’re here to save you your most important resource – time. That’s why we make it our priority to provide you with prompt, knowledgable service. Read our testimonials. Physician Relocation Specialists services are free of charge to all physicians (residents, fellows, attendings).

Other services claim they have access to “exclusive physician loans”. There’s nothing exclusive about the loans. Elusive, maybe. But not exclusive. When any company attempts to extort you for an introduction to a lender, just give us a call at (877) 387-5734. We have the broadest network of bankers who specialize in their respective bank’s doctor loan program. We’re happy to put you in touch with them, all free of charge.

Our goal is to put you in touch with the resources you need to purchase a home. Buying a home can be stressful enough and trying to find a mortgage lender and Realtor® that can help you can make it that much more difficult. We pride ourselves on finding both the lender and Realtor that can help you and your unique situation.

The mortgage banks we work with have programs designed for new MDs and depending on where you are moving, we can take the guess work out of which bank would best fit your needs. Each bank has a unique set of guidelines that can make it almost impossible to sort through. We know each bank’s guidelines inside and out and can match your unique needs to the right bank. We also know these loans are not “exclusive” as some companies might lead you to believe. You should never pay a fee for the name of a lender. If anyone tries to extort you to be introduced to a lender, we suggest you seek alternatives. Seems like a scam to make a quick buck, agree? We can put you in touch with a banker at nine (9) different institutions that have a physician loan program.

Secondly, we want to make sure you are introduced to a Realtor who is active, educated and experienced in today’s market. Now is a great time to purchase a home but having an agent that can navigate through what can sometimes be a challenging process is key. We have a very unique strategy called “Seller Buy Down” that our agents utilize when working with our clients and it can literally save you hundreds of dollars off your mortgage payment and provide a substantial tax benefit.

Reach out and let us know where you are headed. We’ll do our best to put you in touch with the best resources – all free of charge to you. Congratulations again and best of luck!