NACA Realtor in NJ

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  • #68329
    Faith81
    Participant

    Hi guys!!

    How do I locate a NACA Realtor? I was qualified last week and is scheduled to do my Purchase workshop tonight. Can I have both a NACA Realtor and a realtor that is not part of NACA?

    Thanks

    #68330
    jespy_3
    Participant

    You can choose whomever you want. Some prefer a NACA Realtor others go another route. I work with a non NACA Realtor and I’m in NJ too.

    I will say I’ve had to assist along the way which I felt comfortable doing partly because I’ve been to real estate school… someone with less real estate experience may prefer a NACA Agent since the process and verbiage is tricky

    I use my MC alot too for clarity on subjects. Having a NACA Realtor can be helpful when you have questions and can’t get in contact with your MC… unfortunately I don’t have that luxury with my non NACA Agent but she’s helpful in other capacities

    Hope this helps

    #68331
    Nelsont
    Member

    Naca requires you to use an agent registered with naca. Do you mean in-house vs. outside agent?

    There’s really no point to it. You will be told competing and contradictory things leaving you confused. Not sure about in-house agents but, most agents for this reason in part require you sign an exclusive rights contract with them before you look at houses.

    Just stick to one agent whoever that is you choose. You can always switch. Just not 2 at once.

    • This reply was modified 1 week, 2 days ago by Nelsont.
    #68336
    TTrumble
    Member

    Hello Faith81,

    Use just one agent. Trying to use two agents essentially competing against each other will cause you ethical and possibly legal headaches that you definitely want to avoid.

    Tim Trumble
    Online Operations, NACA
    @naca.com">ttrumble@naca.com

    #68337
    Faith81
    Participant

    Thanks Nelson. Appreciate you!!

    The reason I asked was because I read so many negatives about the in house agents not having time for some members and also not responding to you. I am very limited on my time to move so I don’t want to waste time on someone who isn’t going to help me (I doubt it would be intentionally since that’s how they make money). I would have preferred a in house agent because I felt that they would know the most about the NACA process. For the outside agent would they only be required to do a one day course to become a NACA agent? I found an agent and she is aware of NACA. Its funny because most of the agents I have been working with always took me to see homes and I do not have any agreement with any of them. I definitely would love to stick with one I just need someone who is going to really help me find what I am looking for and have knowledge of the process so I don’t get thrown in a loophole.

    I’ll take any tips you have for this house search process!!

    Thanks

    #68338
    Nelsont
    Member

    It’s a 90 minute webinar. It’s held on Tuesdays I think.

    #68339
    Faith81
    Participant

    Thanks Tim!! Definitely don’t need no drama or delays in this process.

    @Nelson do you have any info on the grants in NJ and can they be used with NACA?

    #68340
    Nelsont
    Member

    Sorry I do not. I’m just a regular member in MD. Maybe you can start with HUD and also your local county.

    #68341
    Faith81
    Participant

    Thanks Nelson!! Not sure how I did it (probably cause I didn’t have my glasses on LOL)but I mixed your message up with @jespy_3 who I now know as my neighbor in NJ LOL. Thank you for the info to all of you.

    @jespy_3 how far are you in the process?

    #68435
    MojoRysing
    Participant

    Hi @Faith81,
    I am also in NJ. The only grant that I know of is NJHFMA down payment assistance grant. It is a $10,000 forgivable loan. I don’t think it would be compatible with NACA because one of the requirements is that it has to be combined with the NJHFMA mortgage. It wouldn’t hurt to call them and confirm though. I searched a lot for grants before I found NACA and that is the only one that I found. But that doesn’t mean that there are not other grants out there. I also searched for low down payment programs and found nothing at all about NACA through searching the internet or talking with realtors or loan officers. Let me know if you find anything else and I will do the same.

    #68438
    Faith81
    Participant

    @MojoRysing. Thank you. I also found one called American Dream. It varies by county. Also some townships have their own grants so you should look into that too

    #68444
    MojoRysing
    Participant

    Thank you Faith81. This page also lists a few other programs by county. Idk how valid it is but it is worth looking in to if the county that you want to buy in is there. https://nj211.org/resource-search/taxonomy/BH-3500.3500/_/1

    #68474
    Kristopher Fraley
    Participant

    To further elaborate, it is always best to be open and honest with your realtor if you end up deciding to part ways for whatever reason. Whomever you sign on with should be very understanding and not lock you into a contract that is unreasonable. The NACA process is quite challenging and some members try hop around. I’ve met with clients who have deliberately lied in the beginning only to find out they were working with somebody else. It’s just unethical and a headache for everyone involved. I hope you find somebody nice to work with!

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