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Orange County Home Buying Basics 3 Things You Need to Know

By Lynda Eisenmann

Real Estate Broker/Owner with Preferred Home Brokers 00402040

July 08, 2012 02:49 AM

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.

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.
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.
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!

Your Real Estate Contract
Home Selling 101 Help
Short Sale Do's & Don'ts
CA Association Home Buying
Short Sale Red Flag Video
California Buyer Seller Real Estate Advisory
Home Buyer Home Warranty Video
Home Buying Property Inspections

CA Broker's License# - 00402040

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Elite Home Sales Team

Elite Home Sales Team OC - Corona del Mar, CA

A Tenacious and Skilled Real Estate Team

Buyers today (because of the shift to a seller's market) need to have everything ready for the buy.

Jul 08, 2012 02:51 AM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

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.

Jul 08, 2012 03:13 AM

David Grbich

Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA

Orange County Real Estate - 949-500-0484

Lynda - you are absolutely right - must have these items ready to go with any offer - delays equal multiple offer situations. Regards, Dave

Jul 08, 2012 03:36 AM

William Johnson

Retired - La Jolla, CA

Retired

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!

Jul 08, 2012 08:20 AM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

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

Jul 08, 2012 10:57 AM

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.

Jul 08, 2012 12:25 PM

Nick T Pappas

Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL

Madison & Huntsville Alabama Real Estate Resource

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.

Jul 09, 2012 02:44 AM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

Lynda Your in-depth experience for home buyers stands out in this Orange County post. Home buyers would be wise to seek your representation

Jul 09, 2012 10:22 AM

Cal Yoder

Keller Williams Elite - Lititz, PA

Homes For Sale in Lancaster PA - 717.413.0744

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

Jul 10, 2012 11:17 AM

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.

Jul 10, 2012 01:11 PM

Lee & Pamela St. Peter

Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC

Making Connections to Success in Real Estate

VBlogger Group

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

Jul 13, 2012 06:17 AM

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.

Jul 13, 2012 07:39 AM

Orange County Home Buying Basics 3 Things You Need to Know

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Lynda Eisenmann

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