Buyers

Found 16 blog entries about Buyers.

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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As we approach the closing on your home, it is time to prepare for sign-off. As a buyer, this is the time when you will sit down with a notary to sign your loan documents. As a seller, you will also be sitting down with a notary but to sign papers for the payoff of your home loan and all necessary transfer documents. Here are a few helpful tips to help you feel prepared for what to expect:

  1. Make sure to bring your Driver's License, State ID, or Passport with you to your signing appointment. 
  2. If you are buying the home, please bring a cashier's check with the remaining balance due into escrow for closing. You will find this amount on your estimated closing statement which will be provided to you prior to your signing appointment. You may also
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Everyone wants to buy when Real Estate is a bargain. But should you delay homeownership out of fear of not buying at the bottom? Not anymore!

The biggest reason people want to buy their home at the bottom of the market is fear they may lose their original investment (down payment).  If the value of the home they bought is lower when they decide to sell down the road, they may not get that original investment back.

In the past, you had no way to recover any amount of your investment (down payment) that was lost due to market values decreasing. The great news is that is no longer the case. I found a lender that actually has down payment protection insurance they can pair with your mortgage loan! This means you can feel comfortable knowing that even if

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Purchasing a home in a new development is desirable for many reasons. First, the home will be brand new and never lived in. You will have many good years in the home before ever needed to make any big repairs. Also, often times you will have the chance to pick out finishings in the home and opportunities to upgrade different areas to your liking. 

Working with an experienced Realtor who has experience working with new development properties can help save you time and money. There are many things to consider when designing your new home and negotiating with the sales time and a Realtor can help you with the process. Every development has a different process, our team here at Reward Realty can help you stay up to date on future release dates, pricing

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For those of us coming up on retirement or currently retired and living on a fixed income, increased property taxes can be a huge burden and can affect your decision to relocate. Did you know that under prop 60 and prop 90 you are able to take your existing property tax basis with you? There are a few restrictions to this, but can be a game changer for those looking to downsize after living in the same home for many years. Our friends at Fidelity National Title have been kind enough to provide the following information regarding the program. 

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For some buyers, having someone that has died in a property can be a deal breaker. The Seller Property Questionnaire (SPQ) has a question where this information can be disclosed to any parties potentially interested in purchasing the home. As I always recommend, if in doubt disclose! Below are some of the guidelines which may be used to better understand how death is disclosed during the sale of a property.

Disclosing Death 
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Schools are often a huge factor in the home you purchase whether you have children now, or are considering having children at some point in the future. A few years ago (~2013) the California Department of Education decided to change the way school scoring was calculated in order to take into account a number of parameters which account for the quality of education that is received. During this time, a company called Great Schools came into the picture and was able to claim a spot on many popular home search engines. Their ranking system is scored from 1-10 and also based on a variety of factors which include, diversity, test scores, community feedback, etc. 

On my website, I have adapted the Great Schools scoring and placed that information at the top of…
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No one goes into a transaction expecting hiccups. The California Residential Purchase Contract does have provisions (if signed) which can protect both the buyers and sellers in the event that some kind of disagreement or mishap does occur. Below, is a little bit of information provided by the California Association of Realtors which may help you better understand the arbitration process should it ever come up. 

Arbitration Information
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Beginning in 2017, new laws were passed regarding water conserving fixtures in homes. The California Association of Realtors has put out a great FAQ which answers many of the questions that buyers and sellers may have in regards to this new law. If in doubt, it is always best to disclose!

Water Conserving Fixtures FAQ
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One of an agent's most vital source for information on pricing is the comparable sales analysis or CMA which is used to help determine the value of a subject property. This report is used by listing agents as guidance for pricing a home and setting expectations for sellers, and by buyers agents to help determine offer price and estimated appraised value. Some of the factors which go into the comparable sales used are: distance from property, square footage, close of escrow date, neighborhood and condition of the property.

Since pricing strategies can vary from agent to agent, comparable sales are heavily relied upon to determine the true value of the property. It is important to note that although sellers will select the winning offer, it is the buyers who…
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