Choose your Realtor - Make sure you find someone who not only understands your needs, the area you are searching but is also someone who you get along with and can trust. visit www.janeloveday.com to search San Diego!
Obtain Pre-Approval from a lender – It is imperative that you meet with a lender to determine how much house you can afford, how much you will need for your deposit and closing costs. A first step would be contacting Broadview Mortgage Corp, they also have homebuying seminars and can be reached at 866.667.6724 or email inquiry@broadviewmortgagecorp.com
Find your Perfect Home – once you have given us your criteria, and the more detailed the better, I will be able to create a custom search to totally suit your needs, I'll show you all the property available and make your search a success!
Making an Offer – I'll prepare your paperwork, explain and advise the contingencies you will be under, and help you make the best offer based on current market conditions – this is currently a strange market, prices are low but not necessarily dropping, and it is not unusual to encounter multiple offers on properties. We will help negotiate on your behalf to ensure a successful response from the seller.
Open an Escrow! - Congratulations, once you have acceptance you will need to place your initial deposit into escrow which is held until your loan is funded and final documents are signed.
Your Contingency Period – This is a time frame during the beginning of the escrow period that protects you, it is written into the purchase contract and is usually 17 days from the opening of escrow. This applies to obtaining an appraisal, conducting a property inspection, reviewing the pest inspection, reviewing seller disclosures and getting your loan in place.
Home Insurance etc - After the contingency period, and before close of escrow, you will need to obtain home insurance for your future home, file a change of address with the Post Office, submit a change of address to the Registrar of Voters, make arrangements for your move, cancel and order any services such as gas and electric, cable, water.
Close of Escrow – Prior to close, you will need any balance of deposit to be placed into your escrow account, your lender will have all your paperwork to sign ready, you’ll have any balance of closing costs also deposited with escrow, a Notary will meet with you to sign all and last paperwork, and a day or so later, the County Recorder will record your new trust deed and you will take ownership of your new home. CONGRATULATIONS !!!
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.JaneLoveday.com
Showing posts with label first time homebuyers. Show all posts
Showing posts with label first time homebuyers. Show all posts
Tuesday, April 6, 2010
Monday, April 5, 2010
A Crazy Day in the Life of this Realtor!
One house I visited recently had nothing, no cabinets, no bathtubs, no toilets, nothing! But some days are just golden, take my latest clients, we went out looking on their first day, they found a cute little house, backing up onto a park, in what seemed a quiet residential neighborhood. We submitted an offer which was accepted 3 days later and we then went and had our property inspection done. All seemed very good and right in the world. Until…
Right after the property inspection we were taking some measurements when we were visited by three very large members of the local Police Gang Control Unit, asking if they could enter the property to search for a weapon that had been used in a drive-by homicide the night before. It was a first for me, and definitely a first for my first-time homebuyers who were devastated to hear this news. The crime had taken place in the park behind and although no evidence of any weapon showed up, my buyers knew immediately they did not want to proceed with their purchase.
We are still looking, all is good now, but you just never know, we really do earn our money out there in this crazy world, our days are never, ever the same, we learn to expect the unexpected, to go with the flow, and to keep our thoughts and chins up.
Crazy is usual sometimes, as is frustrating, exciting, amazing, satisfying and much more! Our days are always an adventure, we have properties to preview, sellers to contact, buyers to organize, ads to place, appointments with sellers to make, schedules to arrange, and always, properties to navigate.
You can always keep up with me at http://www.facebook.com/realestatesandiego and http://www.twitter/com/sdrealestate
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://janeloveday.com
Right after the property inspection we were taking some measurements when we were visited by three very large members of the local Police Gang Control Unit, asking if they could enter the property to search for a weapon that had been used in a drive-by homicide the night before. It was a first for me, and definitely a first for my first-time homebuyers who were devastated to hear this news. The crime had taken place in the park behind and although no evidence of any weapon showed up, my buyers knew immediately they did not want to proceed with their purchase.
We are still looking, all is good now, but you just never know, we really do earn our money out there in this crazy world, our days are never, ever the same, we learn to expect the unexpected, to go with the flow, and to keep our thoughts and chins up.
Crazy is usual sometimes, as is frustrating, exciting, amazing, satisfying and much more! Our days are always an adventure, we have properties to preview, sellers to contact, buyers to organize, ads to place, appointments with sellers to make, schedules to arrange, and always, properties to navigate.
You can always keep up with me at http://www.facebook.com/realestatesandiego and http://www.twitter/com/sdrealestate
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://janeloveday.com
Friday, March 5, 2010
Foreclosure Bargains are Harder to Find!
Homebuyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking. Foreclosures are now down over a year ago, There are mixed signals for 2010: It's unclear how much of the drop in mortgage defaults is due to shifting market conditions, and how much is the result of changing foreclosure policies among lenders and loan servicers.
"Clearly, many lenders and servicers have concluded that the traditional foreclosure process isn't necessarily the best way to process market distress, and that losses may be mitigated with so-called short sales or when loan terms are renegotiated with homeowners," said John Walsh, DataQuick president. (http://www.dqnews.com/Articles/2010/News/California/CA-Foreclosures/RRFor100127.aspx)
Not only have attractive homes in popular neighborhoods already been snapped up, but also government help for distressed buyers is delaying more foreclosures. See http://makinghomeaffordable.gov/refinance_eligibility.html
Demand is driving up prices. Investors say typical prices have climbed from 75 percent of appraised value to 85 percent or higher when there are bidding wars on foreclosures. While California ranks 3rd among the States with the highest rates of foreclosure, (Arizona and Nevada are 2nd and 1st respectively) the amount of foreclosed properties currently available has dropped significantly, with the majority newly listed are short sales.
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.janeloveday.com
http://www.twitter.com/sdrealestate
http://www.facebook.com/realestatesandiego
"Clearly, many lenders and servicers have concluded that the traditional foreclosure process isn't necessarily the best way to process market distress, and that losses may be mitigated with so-called short sales or when loan terms are renegotiated with homeowners," said John Walsh, DataQuick president. (http://www.dqnews.com/Articles/2010/News/California/CA-Foreclosures/RRFor100127.aspx)
Not only have attractive homes in popular neighborhoods already been snapped up, but also government help for distressed buyers is delaying more foreclosures. See http://makinghomeaffordable.gov/refinance_eligibility.html
Demand is driving up prices. Investors say typical prices have climbed from 75 percent of appraised value to 85 percent or higher when there are bidding wars on foreclosures. While California ranks 3rd among the States with the highest rates of foreclosure, (Arizona and Nevada are 2nd and 1st respectively) the amount of foreclosed properties currently available has dropped significantly, with the majority newly listed are short sales.
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.janeloveday.com
http://www.twitter.com/sdrealestate
http://www.facebook.com/realestatesandiego
Tuesday, July 21, 2009
The State of San Diego's Real Estate Market July 2009
There's a new marketplace here in San Diego, the phenomenon known as a Seller's Market! Where last year, and even to the beginning of this year, we kept seeing prices fall, a glut of homes available and no buyers in sight.
Now, we have multiple buyers, fewer sellers, prices rising and multiple offers being submitted. Thanks to the Government Tax Credit of $8,000 to qualified first time homebuyers, which ends December 1st, the thought of owning and getting $$ back has created it's own wave, almost tidal!
Once upon a time, last year, you could find multiple single family homes available in the College, Clairemont, Mira Mesa areas priced at or under $250,000. Now there's a grand total of 2! Mira Mesa and Clairemont have become the new hotbeds of desirable areas with homes receiving many multiple offers - one in Mira Mesa actually received 63! 8 or more is not unusual, and that is increasing the prices and buyer frustration as they continue to search for that elusive property - one they can afford!
There are areas with a few single family homes in this price bracket - minimum 2 bed, 2 bath, at or under $250,000 - Chula Vista has 17, Lemon Grove/La Mesa have 16, El Cajon/Spring Valley have 42, and North Park/Normal Heights have 11.
As a buyer's agent, it means a lot more work, and a whole lot more satisfaction when you do get an accepted offer - you can search for all homes available in San Diego County at www.HomesSanDiegoOnline.com
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.JaneLoveday.com
Now, we have multiple buyers, fewer sellers, prices rising and multiple offers being submitted. Thanks to the Government Tax Credit of $8,000 to qualified first time homebuyers, which ends December 1st, the thought of owning and getting $$ back has created it's own wave, almost tidal!
Once upon a time, last year, you could find multiple single family homes available in the College, Clairemont, Mira Mesa areas priced at or under $250,000. Now there's a grand total of 2! Mira Mesa and Clairemont have become the new hotbeds of desirable areas with homes receiving many multiple offers - one in Mira Mesa actually received 63! 8 or more is not unusual, and that is increasing the prices and buyer frustration as they continue to search for that elusive property - one they can afford!
There are areas with a few single family homes in this price bracket - minimum 2 bed, 2 bath, at or under $250,000 - Chula Vista has 17, Lemon Grove/La Mesa have 16, El Cajon/Spring Valley have 42, and North Park/Normal Heights have 11.
As a buyer's agent, it means a lot more work, and a whole lot more satisfaction when you do get an accepted offer - you can search for all homes available in San Diego County at www.HomesSanDiegoOnline.com
Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.JaneLoveday.com
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