2013 Match Day is Almost Here. Are you ready?

Anticipation is reaching peak levels with the NRMP Main Residency Match happening this Friday.  Yes, March 15th is almost upon us.  For some, it's come too soon.  But for most, it can't come soon enough.

Today, many received an email alleviating the fear of matching.  Now the anxiety almost becomes greater.  Will I get my first choice?  Or my second?  Perhaps my third?

Your entire life you've know you wanted to be a doctor.  Now that medical school is almost complete - the questions start over again:  Where am I going to live?  Should I rent a studio or 1 bedroom?  Will I even be able to find a rental?  Everyone says the rental housing market has gotten tight - what does that mean?  Will I need to find a roommate?  How much can I afford?  Does it make sense to rent or buy at this point?

Yes, it's very possible in many cities and states in the US to attain the American dream:  Having the best resources to guide you effortlessly through the process is critical to making your transition a smooth one.

At Physician Relocation Specialists we built a nationwide network of Realtors who are standing by, ready to help you.  They'll narrow down your selections and help you make an offer on your dream home.  We also have bankers, on speed dial waiting for your call, who have special doctor loan programs to allow you to maximize your leverage (borrow more money ;-).  And we can introduce you to financial planners who will ensure you stay fiscally fit and ensure you are getting a good deal.

Watch our video.  We look forward to helping you make this next move go smoothly.

Physician Relocation Specialists

Working with professionals makes an experience more enjoyable.  And typically, those experiences go smoothly and are less stressful.  

When buying a home for the first time, the team you surround yourself with is key.  They will ensure you are buying the right home at the right price, with the best mortgage that fits in your long term financial plan.  

At Physician Relocation Specialists, we realize that while starting a new phase in your medical career and buying a new home are both exciting endeavors, they can also be stressful. Our goal is to provide you with resources that make this exciting time a little less hectic.

Our clients have shared their feedback:

"The Realtor® you 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."

“The process so far has been wonderful. Our Realtor® was essential in this process—he did all the leg work for us and was a pleasure to work with. The lender you recommended was also tremendously helpful. She answered all of our questions and made the loan process streamlined and simple to attack from long distance. Barring any speedbumps, the process and people you set us up with have been wonderful, as have you guys. Thank you very much.” 

Reach out and let us help you.  Fill out our intake form:  http://physicianrelo.com/contact/ 

Real Estate Rebates

Dear Oregon Senators:

Real estate commission rebates are good for both the people of Oregon and the economy, regardless of which side of the aisle you sit on.  

Ten states, including Oregon, forbid buyer’s brokers from rebating a portion of their commission to the consumer.  Should Oregon be in the same company as Alabama, Mississippi, Louisiana, Tennessee, Oklahoma, Missouri, Iowa, Kansas and Alaska when it comes to creating competition that ultimately benefits the client?  A rebate equal to one percentage point of the sale price, which is commonly offered in states that allow rebates, would reduce the commission on the median-priced home by $1,843.  Check out the DOJ's stance:  http://www.justice.gov/atr/public/real_estate/rebates.html

Senator Jackie Winters sponsored an amendment to the anti-rebate law in 2007.  The text of the amendment in its entirety was:

Nothing in subsection (1) of this section is intended to prevent an Oregon real estate broker or principal real estate broker from rebating or paying a share of the broker’s or principal broker’s commission resulting from a real estate transaction to a principal of the transaction.

According to HUD, real estate agents may rebate a portion of the their commission to the borrower in a real estate transaction. The internet has allowed real estate agents, brokers and companies to drive down costs and have enable more efficient ways of conducting business.  Instead, a rebate ban (like ORS 696.290), artificially inflates the cost of real estate services.  Effectively, Oregon's rebate ban prohibits real estate brokers from competing on price - forcing all brokers to charge, and more importantly all buyers to pay - inflated prices. 

Besides companies like USAA and Navy Federal Credit Union, there's an online real estate brokerage company, Redfin, in Seattle, WA that has taken 19 residential real estate markets by storm.  They've been able to grow quickly, primarily because they have raised the bar and are providing the people with a significant savings.  Glenn Kelman, Redfin's CEO says it best:  "What you have to realize is that 90 percent of the cost of real estate is prospecting for clients. So you have an enormous number of people closing six or seven deals a year who spend all their time beating the streets looking for new customers.  But if you build a beautiful website that publishes more information than any other, folks are going to beat a path to your door."

Thanks in advance for listening.  Commission rebates are the future across our great country.  Let's work together to make sure Oregon isn't the last to the party.

Sincerely,

Chris Grubb

Founder / CEO 

Physician Relocation Specialists

Closing the Loop

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.

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.  We also count on referrals from clients to "close the loop".  It's exciting to help physicians seeking a recommendation to a top notch REALTOR® or advice on which banker might offer a doctor 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!

Hats of to the seniors of 2012!

The National Resident Matching Program (NRMP) announced today that 95.1% of U.S. medical school seniors matched. Of the applicants who matched, 81.6% of U.S. seniors matched to one of their top three choices. 56% of U.S. seniors matched to their first choice.

This year, the Match included 878 couples, an all-time high. This year, 804 couples matched to their respective residency program preferences (91.5%).

Reach out and let us know where you are headed. Visit our site: http://www.physicianrelo.com to get started. A member of our team will be in touch within 24-48 hours to help you. 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!

Congratulations to the Medical Class of 2012!

Congratulations to the class of 2012! You are two days away from knowing where you are headed for residency. Now that you'll have an income, you can purchase your own home for residency! No more renting - that's exciting, right? We can save you a tremendous amount of time, energy and most importantly money when you purchase your home (we just can’t pack your boxes and label them for you).

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 in your unique situation.

Working with a Realtor who is active, educated and experienced in today’s market is paramount. With home prices nearing bottom and interest rates doing the same, now is a great time to purchase. Working with an agent that can navigate through what can sometimes be a challenging process is key.

We work with mortgage bankers who have doctor loans designed for new MDs. Depending on where you are moving, we take the guess work out of which bank would best fit your needs. Each bank has a unique set of doctor loan 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. Physician loans are not "exclusive" as some companies might lead you to believe.

Never agree to pay a fee for the name of a lender. If any company attempts to extort you to be introduced to a lender with the incentive to use their "award winning realtor", 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 fourteen (14) different institutions (location dependent) that offer doctor loan programs. No one else has done the research or has the relationships to help you get what you need.

Reach out and let us know where you are headed. Visit our site: http://www.physicianrelo.com to get started. A member of our team will be in touch within 24-48 hours to help you. 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!

The Annual Migration

It's that time of year, when many physicians are preparing for an upcoming career change. Many are completing residencies and fellowships, while others are looking forward to Match Day and graduating from medical school.

Our clients tell us the task of relocating can be overwhelming. With a relocation in the next 90-120 days, it's never to early to get started. Our goal is to make your relocation as seamless as possible. With the right connections and introductions, we help make relocating very manageable. We will act as your advocate and only introduce you to professionals that possess the following three criteria: college educated, experienced in working with physicians, and very service oriented.

Regardless of where you are relocating, we will introduce you to an excellent Realtor as well as a banker or two that can finance your dream home.

Visit our site: http://www.physicianrelo.com to get started. A member of our team will be in touch within 24-48 hours to help you.