If you are considering Buying a Home There are many things which you need to consider. I will give you the top Three Concerns that People have when contemplating jumping into the Real Estate Market:
Here is the break down (Hard Core Real Estate Talk)-
There are two types of Lenders in the world – Direct Banks and Mortgage Brokers.
Most Direct Banks are great if you fit within a certain mold. If you are one of their most valuable customers you might be able to get more than a normal “Joe” off of the street. The “more” I am referring to has to do with discount points and better lending terms.
The Mortgage Broker can draw on money from a lot of different sources. Not only can they originate loans from the Main Banks (Wells Fargo, Bank of America, Chase, Indy Mac etc.), they have many private sources of Lending money as well.
Which one is BEST? Depends, if I were searching to purchase a home, knowing what I know now, I would talk with both sources. Then I would align their paperwork and see which works out to be more advantageous for me. We suggest our clients do the same.
Paris used to do Loans, she does not any longer. However, she will run interference for our Clients – Which has proved very beneficial for those that use our services.
Searching for Real Estate and Foreclosures:
You will also want to get this data, the newest listings, at the very moment they come onto the market. We have a passive system, while you are deciding when you want to move forward – you will be viewing the listings that match your needs. Our Active Real estate Representation system entails us adding ourselves to your Real Estate Search, sending out emails and contacting the Top Agents in the many networking groups to which we belong. We have them put on notice to send us pocket listings and off the market inventory so we can pass them along to our clients before they hit the market for sale. We also do Mailings to communities within tracts that you wish to live. We do the mailings in order to find a seller that has been considering selling their home. Success comes on many fronts – We pass along our Success to our Clients.
How much should you offer?:
When we write offers on properties we are not going about it blindly. We want you to see Apples to Apples comparisons, called comps, with regard to the home, condo or town-home you are interested in buying. We do this a few different ways – if the home is located within a tract, a 6 month’s history of sold, pending and back-up positioned properties is simple. If you are buying outside of the Santa Clarita Valley, in one of our Surrounding Communities, we do a 1 mile radial search for those homes that will give you the Apples to Apples comparisons that we require. Finally, we want you to see what an appraiser will be looking for as you are writing the offer and wondering how much to offer.
Your Next Step: