Buyers Be Prepared

By
Real Estate Agent with Allison James Estates & Homes 01079287

 

 

I deal with 5-8 e-mails per day requesting information on homes for sale. As a BUYER before we go looking for your new DREAM HOME you will need to have in hand a Loan Approval Letter and Proof Of Funds to close the transaction.

 

This was not the case 3 plus years ago. You just had to have pulse!! Before I will set up appointments to view available homes I will need to have these in my hand. It is the state of the market place today. Yes I remember when you could go look at homes all day long and then write an offer and hand over a deposit check and not have to prove anything until the offer was accpepted and escrow was opened. Not the same today banks and sellers are "Gun Shy" they do not believe you or me they want cold hard PROOF!! And that is before they will even look at your offer!!

 

--

Tere Rice Realtor*
DRE#01079287
Short Sale 100% Closer
Buyers And Sellers

Please Check out my website to search for homes! www.temecularanchandhomes.com

Posted by

Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses

Comments (0)

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?