home buyer tips: How Much Money Do You Need To Save To Buy A Home In Orange County CA?
- 11/23/12 03:22 PM
PURCHASE PRICE AFFECTS HOW MUCH MONEY TO SAVE TO BUY A HOME IN ORANGE COUNTY CA
How much money do you need to have to buy a home in Orange County, California? This is a question I get frequently, and the short answer is, it depends. For the long answer, your home loan agent would need to collect all of your financial information, including a list of your income and monthly debts, to first determine the purchase price you'll qualify for. The reason for this first step, is due to the fact that the purchase price will directly affect how much … (2 comments)
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home buyer tips: What Does It Mean When A Home Is Listed As Drive By Only
- 11/20/12 01:48 PM
WHY ARE ORANGE COUNTY CA HOMES LISTED AS DRIVE BY ONLY?
So, what does it mean when an Orange County real estate listing says "Drive By Only"? Well, it doesn't mean that you need to panic and run for cover in the neighborhood, nor does it mean that you should take out your gun and shoot at the house ; ) When an Orange County property is listed as “Drive By Only”, it means just that. You cannot view the inside of the home, and you are expected to look at the outside of the property only, prior to making … (3 comments)
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home buyer tips: What Does It Mean When A Real Estate Listing Is In Back Up Status?
- 11/16/12 12:55 PM
ORANGE COUNTY CA HOME BUYERS CONFUSED BY REAL ESTATE LISTINGS IN BACK UP STATUS
What does it mean when a real estate listing is in Back Up status? This is question that I continually receive. It seems that Orange County, California home buyers are confused by the term Back Up status, and how it differs from Pending status. Below, I explain what Back Up status means, and why it's important to you, if you're interested in a home that's currently listed in this category.
THE DIFFERENCE BETWEEN BACK UP AND PENDING REAL ESTATE SALES When a real estate listing is … (3 comments)
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home buyer tips: Top 5 Mistakes That First Time Buyers Make In Orange County CA
- 09/16/12 10:11 AM
COMMON MISTAKES THAT FIRST TIME BUYERS MAKE
There are common mistakes that first time home buyers make when purchasing a home in Orange County, California, and the list below outlines the top 5 that I've seen over the years.
While the most frequent first time buyer mistakes are not earth shattering, they can cause a lot of unnecessary stress, frustration, and heartache
1.TAKING ADVICE FROM FRIENDS AND FAMILY Every real estate transaction is unique due to the fact that buyers and sellers have varying personalities, circumstances, income, equity positions, debt ratios, credit scores, etc... In addition, the real estate industry … (56 comments)
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home buyer tips: Is It Cheaper To Buy A House Or A Condo With HOA Dues?
- 06/09/12 04:55 AM
WILL YOUR MONTHLY PAYMENT BE HIGHER IN A CONDO WITH HOA DUES
A common misconception that Orange County home buyers have is that their monthly payments and expenses will be much higher if they buy a condo instead of a house, because of the homeowners association fees. Because of this, I'm often asked, "is it more expensive to buy a house or to buy a condo with HOA dues?".
FACTORS THAT COULD DRASTICALLY AFFECT YOUR MONTHLY EXPENSES
Of course the first, and most essential piece of information you need to consider in make your decision, is how much the monthly homeowners … (4 comments)
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home buyer tips: I'm A First Time Buyer- What Should I Do?
- 06/08/12 06:29 AM
WHERE SHOULD A FIRST TIME HOME BUYER BEGIN?
I would have to say that the most frequently asked Orange County, California real estate question comes from first time home buyers. I typically get a question such as, "I'm a first time buyer. Where do I begin?" or "I'm new to the home buying process and know nothing. What should I do first?"
If you're buying your first home, you don't know what you don't know, and you really need an Orange County real estate agent and Orange County home loan expert to guide you through the home buying process in detail.
… (0 comments)
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home buyer tips: I Thought It Was A Buyers Market?
- 06/07/12 06:23 AM
IS IT A BUYERS MARKET OR A SELLERS MARKET IN ORANGE COUNTY CA?
As an Orange County, California Realtor, I've seen a great deal of change in the real estate market this year, and I've noticed that the same question keeps coming up. It usually sounds something like, "I thought it was a buyer's market?".
In many ways it is still a buyer's market, considering that there are great deals to be had, and interest rates are at an all time low. However, if you believe that a buyer's market means being able to name your price, receive a large credit … (6 comments)
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home buyer tips: Why Cant I Buy That House If I Can Afford It?
- 05/29/12 03:12 PM
IF YOU CAN AFFORD IT, WHY CAN'T YOU BUY ANY HOUSE YOU WANT?
As a home buyer, it seems only logical that you could buy any house you want, as long as it is within the price range that you're qualified for. However, this is not always the case, and it appears to be a growing issue, one that has me continually answering the question, "If I can afford it, why can't I buy that house?".
SOME SOUTHERN CALIFORNIA HOMES ARE OFF LIMITS
It seems that, especially at this time in history, there are numerous Southern California homes for sale that … (2 comments)
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home buyer tips: Why Do Short Sales Take So Long?
- 05/29/12 12:37 PM
THE NAME SHORT SALE HAS NOTHING TO DO WITH THE PROCESS
Why do short sales take so long? This is a question that I'm asked several times a week, every single week. Not only do I hear this question from home buyers and random people all the time, but I also then hear the same joke, "shouldn't they be called long sales instead?". While true and funny, obviously the name has nothing to do with the process, and there are many reasons why short sales (also called a short pay, which makes more sense) take so long to complete.
7 SHORT … (2 comments)
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home buyer tips: Do They Want To Sell The House Or Not?
- 05/28/12 05:35 AM
ARE LENDERS AND SOUTHERN CALIFORNIA HOMEOWNERS AND AGENTS TRYING TO SABOTAGE SALES?
I'm working with numerous buyers right now, some of which are the ideal home buyers, with more than 30% down, great credit scores, and they can close quickly. However, I can't tell you how many times I've heard the same question from each of them, which usually goes something like... "do they want to sell the house or not?"
At times, it appears as though the homeowners, lenders or even the listing agents don't really care to sell the property based on their actions, or inaction, such as:
No … (3 comments)
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home buyer tips: Southern California Real Estate Investment For Dummies
- 05/16/12 09:43 AM
A TO Z REAL ESTATE INVESTMENT SERVICE FOR PROS AND NEWBIES
Whether you're a seasoned real estate investor looking for an easier way to make money, or a newbie that's interested in learning how to flip houses in Southern California, our A to Z real estate investment service is the perfect fit.
A PROVEN REAL ESTATE INVESTMENT SYSTEM THAT PRODUCED MILLIONS IN PROFIT
We are a team of highly skilled and experienced Southern California real estate, mortgage and construction professionals that successfully flipped houses for nearly a decade. We have a proven system of locating, purchasing, rehabbing and quickly selling Southern … (2 comments)
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home buyer tips: Buffettology! BUY A TON OF REAL ESTATE! NOW
- 03/07/12 03:21 AM
Attention Potential Home Buyers and Real Estate Investors!
REAL ESTATE INVESTMENT IS THE WAY TO GROW YOUR WEALTH
According to the original article written below, by a fellow real estate professional in Florida, world renowned billionaire, Warren Buffet, believes that real estate investment is the way to go!
So what does Warren Buffet know? A LOT! The man has made his fortune by knowing what to invest in and when to invest in it! As the saying goes, "if you want to be wealthy, find a wealthy person, study what they do, and then do the same thing."
NOW IS THE TIME TO BUY REAL … (0 comments)
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home buyer tips: Rent Payments Now Factored Into Your Credit Score
- 02/25/12 03:30 AM
RENT PAYMENTS NOW USED TO DETERMINE YOUR CREDIT SCORE
One of the 3 major credit bureaus, Experian, recently announced that they had begun using rental payments as a source of credit history and to determine your credit score. In my opinion, this is great news, especially for young people that find it hard to establish legitimate lines of credit, and a way for them to avoid getting caught in the credit card trap and overextending themselves.
Additionally, this new source of credit verification allows former homeowners to reestablish good credit after losing their home, which can be difficult, as most are denied … (6 comments)
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home buyer tips: What Is The Purpose Of A Home Inspection And Do You Need One In Orange County CA?
- 02/10/12 10:54 AM
Home Inspections Are An Important Part Of The Home Buying Process In Orange County, California
When buying a home in Orange County, California, a home inspection is not mandatory. However, it is advisable that you hire a licensed home inspector to conduct a thorough inspection of the property. Considering that your home is probably the most expensive purchase that you'll ever make, it is money well spent, to ensure that you're buying a solid home.
A basic home inspection report will provide you with details regarding the following major features of the property, and will indicate if repairs are recommended or … (2 comments)
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PURCHASE PRICE AFFECTS HOW MUCH MONEY TO SAVE TO BUY A HOME IN ORANGE COUNTY CA
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