Jun 13, 2012

Steps for Buying a Home

1. Select a REALTOR® & establish a relationship
Find a full time, professional REALTOR® with extensive market knowledge. They will work closely together with you to find the right home.

2. Initial consultation with your REALTOR® to evaluate your needs and resources
Once your needs are established, your Realtor® will provide guidance to financial institutions where you can obtain information in order to get the best financing available. You will discuss your needs and analyze your resources
3. Identify property to buy
You will be shown homes based upon the criteria that you establish. The more precise and direct you are with your Realtor®, the more successful your search will be.

4. Determine Seller's motivation
Once you have found the home that you wish to purchase, your Realtor® will do the necessary research to help you structure an effective offer.
5. Write offer to purchase
Your Realtor® will draft the Purchase Agreement for you, advising you on protective contingencies, customary practices, and local regulations. At this time you will need to provide an "earnest money" deposit, usually from 1 to 3% of the purchase price (the deposit is not cashed until your offer has been accepted by the Seller).
6. Presentation of offer
Your Realtor® will present your offer to the Seller and the Seller's agent. The Seller has three options: they can accept your offer, counter your offer, or reject your offer. Your Realtor’s® personal knowledge of your needs and qualifications will enable them to represent you in the best way possible.
7. Seller's response
Your Realtor® will review the Seller's response with you. Their negotiating skills and knowledge will benefit you in reaching a final agreement.
8. Open escrow
When the Purchase Agreement is accepted and signed by all parties, your Realtor® will open escrow for you. At this time your earnest money will be deposited. The escrow or title company will receive, hold and disburse all funds associated with your transaction.
9. Contingency period
This is the time allowed per your purchase Agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject. Typical contingencies include:

* Approval of the Seller's Transfer

* Approval of the Preliminary Report from the Title Company

* Loan approval, including an appraisal of the property

* Physical inspections of the property

* Pest inspection and certification
10. Homeowner's Insurance
Your Realtor® will coordinate between your Insurance Agent and the Escrow Officer to make sure your policy is in effect at close of escrow.

11. Down payment funds
You will need a Cashier's Check or money transfer several days prior to the closing date of escrow.

12. Close escrow
When all of the conditions of the Purchase Agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price. The Deed will then be recorded at the County Recorder's office and you will take

ownership of your home.

Jun 8, 2012

4 insider tips for getting multiple offers

Lowe's Inside Out Home Improvement Tips | Produced by Inman News

Easy Tips to Sale Your House Fast

  • Say to Yourself “This isn’t my House!” And let it go… don’t look back, look toward the future.
  • De-Personalize. Buyers can’t see seller’s past personal things like photos, draperies … and you are selling your house not your belongs, right?...
  • De-Clutter! Less is more: didn’t use in over a year, you don’t need it!... Donate it, garage sale or  rent a storage unit.           
  • Organize closets and cabinets and buyers will be able to see they have enough storage.
  •  Remove/Replace Favorite Items or fixtures you want to take with you now. If a buyer never sees it, won’t want it, right?
  • Put a small budget for minor repairs…. It doesn’t take too much money to fix leaking faucets, touch paint walls, replace burned out light bulbs…. And will make your house look like new.
  • Housekeeper?... and make the House Sparkle! If you don’t have time, there are many cleaning companies that will have a good deal for “move out-move in” cleaning. And keep it clean yourself after that. Don’t forget the windows and doors.
  • Curb Appeal. Don’t let buyers stay inside the car…. If they don’t like what they see outside, greater chance you will never get them inside. Small things like replace your house number, mow the lawn and planting marigolds will make it inviting.
  • Best for the last: Don't be a "For Sale By Owner".... 98% chances that you will be calling a Realtor in 6 months.... so, work smart and call me now!  HAVE A GREAT SUMMER SALE SEASON!

Spectacular and elegant stucco home in the Rockport Country Club with modern architecture details!