All Blog Entries by Caroline Hobbs

Found 3 blog entries published by Caroline Hobbs.

Short answer: No, but that doesn't mean its not a good idea to have one!

Most builders will require that your agent visit the sales office with you during your first visit to their community. Typically this is done to ensure there is an existing agency between the buyers and their agent. Upon arrival, the sales person will take your agent's card and register you (the buyer) as their client. 

If all goes well and you are interested in purchasing a unit in the community, your real estate agent will be able to help advise on a good location in the community, share their insights on the builder, and help prepare you as you go through the builder's pre approval and reservation process. There may be incentives available towards the design center or

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Prior to making an offer, your agent should have discussed with you the home values for the area and presented a comparable sales analysis (CMA) for you to review prior to deciding on the price you would like to offer. These reports are used by Realtors to evaluate market conditions, understand pricing trends, and pinpoint the value of the subject property. Once you are in contract, and appraiser will be contracted to perform an appraisal on the property. 

The California Association of Realtors defines an appraisal as: "An opinion of the market value of a home expressed by a real estate appraiser." 

Regardless of whether you have included an appraisal contingency, it is important to remember two things:

1. The appraisal is an OPINION of value

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If you are reading this because you just had an offer accepted, CONGRATULATIONS! This is a very exciting time and there is probably a million questions and to-dos floating around in your mind. I hope this entry helps break down the process a little bit for you and helps prepare you for what to expect during the escrow process.

1. Deciding on a lender- Although you have been working with someone already in order to obtain your pre approval, you are not "locked" into using them for financing on your purchase. It is not uncommon to shop around for the best rate once you have an offer accepted. Different banks are able to offer different rates and programs for buyers, and there are many factors to consider when choosing your lender. Keep in mind, it is so

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