If you're an Orange County home buyer you probably know by now our Southern California real estate market (like other areas) has really heated up and many home buyers are finding themselves in competition with multiple offers on the same home.

Take a look at this quick 2-Minute Real Estate Video on home buying basics on getting ahead of the pack and getting your offer accepted.

  1. In addition to your written contract/purchase agreement you will need a copy of your pre-approval from your lender. And no, a pre-qualification won't do, sellers and their agents want to see the approval in writing.
  2. A copy of your initital deposit, aka as your earnest money deposit that if (you're using the CA Association of REALTORS contract states that amount will be depositie into escrow within 3 days of acceptance of your offer.
  3. Verification of funds, a copy of a bank statement (or something comarable) showing you have enough to dover your down payment and closing costs if applicable.

In today's market I don't know of a seller (including banks on foreclosures and short sales) or seller's agent that would accept an offer without these basics. So it's essential you're prepared with these 3 basics when it comes to buying an Orange County home.

And when you're looking for knowledgeable competent real estate assistance in probate of trust sale, I want you to contact me, Lynda@PreferredHomeBrokers.com. You can also check out my senior website California Senior Real Estate and my home selling blog HomeSelling101.com, it's filled with home selling tips and videos.

My company is Preferred Home Brokers, I've been the broker and owner for 35 years, email me at Lynda@PreferredHomeBrokers.com, you can work with me or any of the great PREFERRED REALTORS.

YOU can also call me directly at (714) 595-1494, and yes I do answer my phone if I'm available at that moment, or you will receive an immediate message, my voice mail is updated 7 days a week. I'd love to hear from you!

Check out some of my other You Tube 2-Minute Real Estate Videos, I think you will find them helpful!

CA Broker's License# - 00402040

 
This post has been included in California Real Estate News Orange County, CA Real Estate News
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12 Comments on Orange County Home Buying Basics 3 Things You Need to Know

JUL
08
517,947 Points Outside Blog Called Shot Master

Buyers today (because of the shift to a seller's market) need to have everything ready for the buy.
9:51am • #1
532,041 Points 15 Featured Posts Localism Sponsor Outside Blog

Hey Tom ~ I had to take a look to see where you are, actually right down the road a bit from those of us in No. OC and you are absolutely correct. There is so much competition out there right now and with these rates I expect to see it continue for quite some time.
10:13am • #2
226,484 Points 4 Featured Posts Outside Blog Called Shot Master

Lynda - you are absolutely right - must have these items ready to go with any offer - delays equal multiple offer situations. Regards, Dave
10:36am • #3
1,091,878 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master
Hi Lynda, How are you, been a while. Hope life and business are treating you well. It is always such a pleasure to hear from you. As always this and no one does these videos better than you. So wonderfully professional!
3:20pm • #4
1,585,901 Points 430 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lynda

Preparation, as a buyer, is even more important in this busier and more competitive market. THis is great education for those who may not quite be as prepared as they should be.

Jeff
5:57pm • #5
532,041 Points 15 Featured Posts Localism Sponsor Outside Blog

Hi Dave ~  I see you're also in the OC and you know exactly what I mean.

William ~ Yes it has been a while, it's just been tough keeping up with all that's going on in the marketplace it's been a while since I've been here. Yet this is an issue many of us are dealing with.

Hi Jeff ~ You're right about preparation and for those buyers who are not, sorry to say they're pretty much on the losing end.
7:25pm • #6
JUL
09
776,316 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lynda, most buyers don't know the difference between pre-qual and pre-approval letter and to be honest with you, what passes as a pre approval today is many times not as solid as I'd like to see for my sellers.
9:44am • #7
1,310,588 Points 65 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lynda  Your in-depth experience for home buyers stands out in this Orange County post.  Home buyers would be wise to seek your representation
5:22pm • #8
JUL
10
477,449 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lynda, your experience and your ability to help home buyers succeed is very clear. I continue to be very impressed with your video ability. Great job and buyers and sellers are clearly well represented by you.

Cal
6:17pm • #9
532,041 Points 15 Featured Posts Localism Sponsor Outside Blog

Hey Nick ~ I could't agree with you more. For me when it comes to working with a buyer I know it's helpful for them to understand the process. We're seeing so much competition right now in the marketplace I can't remember the last time I wrote an offer and we were the only ones. Therefore the better prepared a home buyer is, the more successful they can be.

Karen ~ Thank you, I've always loved working with home buyers.

Hi Cal ~ Thanks for the visit and kind words.
8:11pm • #10
JUL
13
639,267 Points 39 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

VBlogger Group

Now this is what we're talking about ~ good info, good visuals, good audio! Well Done Lynda!

 
1:17pm • #11
532,041 Points 15 Featured Posts Localism Sponsor Outside Blog

Thank you Pamela!

When it comes to my visuals, I try to use the idential words on the screen that I've used in my dialogue and they appear on the screen a second or two prior to me saying them for more effective communication. When we see something and hear it both it has a greater impact. Therefore my key points are also visual.

For my audio is use an external mic. In the beginning with my first flip (no port for an external mic) the audio was less than desirable, but then again they were better than NO video so they're still up and running.
2:39pm • #12

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Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA

Brea, CA

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Preferred Home Brokers

Address: 3230 E. Imperial Hwy. Ste. 125, Brea, CA, 92821

Office Phone: (714) 990-6060 x 102

Cell Phone: (714) 595-1494

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