Thursday, July 21, 2005

Get up to 1% Cash Back on New Home purchase!

Get up to a 1% Rebate when purchasing a brand new home in San Diego, California! Find out all the details by clicking here: San Diego New Homes for Sale

Monday, April 25, 2005


As a home seller, you might think it would be smart to reduce the traditional 6 percent sales commission to 5 percent or 4 percent at the time of listing your home for sale. Think again.

When your listing shows up in the local multiple listing service with only a 2 percent sales commission to the selling agent, do you think many agents representing buyers will show your home when similar homes are available and offering a 3 percent commission split to the selling agent? Probably not.

Statistics show most home sales involve both a listing agent from one brokerage and selling agent from another brokerage. The sale is usually a result of the local MLS, the most powerful sales tool available to home sellers and their listing agents.

Another disadvantage, if you can convince your listing agent to accept a reduced sales commission is that your listing agent might not be as enthusiastic about selling your home. If your listing agent has other homes listed for sale at 6 and 5 percent commissions, but your home is listed at only 4 percent commission, he or she might not put as much time or effort into selling your low commission home.

Monday, April 04, 2005

"As Is" Home Sales

An "as is" sale means the home seller will not pay to fix-up or repair any defects in the residence. However, in most states, the home seller must disclose in writing to the buyer all known defects in the residence. But the "as is" seller need not repair those defects.

The consequence for a home seller who fails to disclose significant known home defects is often a lawsuit by the buyer who later discovers the undisclosed defect. The home buyer's difficulty, however, is proving the seller knew of the defect.

Discuss these issues carefully with your realtor prior to purchasing or selling an "as is" home.

Wednesday, March 09, 2005

Pre-Approvals and Pre-Qualifications

So you've decided to buy a home. Your first step should be to get pre-qualified for a mortgage. This informal process provides you with a ballpark figure of what home value range you should be looking at. It should not be perceived as a final amount.
Once you are serious about looking you should get pre-approved by a lender for your mortage. The pre-approval is an official agreement by the lender specifying the exact amount for which you‘ve been approved. In order to get pre-approved, you‘ll meet with a loan officer who‘ll review your credit history and often suggest a mortgage type that fits your situation. This will demonstrate your seriousness when you are ready to submit an offer.

Wednesday, March 02, 2005

Do You Think You Are Ready to Buy?

It pays to be informed prior to making the decision to buy a home. Experienced buyers know, buying a home is a complicated process, so it‘s important to understand each step. You need to make sure you have the necessary financial resources and have explored all your options before you purchase a new home.
Both new and experienced buyers have their own sets of financial considerations when it comes to buying a home. Buyers who are moving up should evaluate their financial situation to ensure they‘re able to meet the higher mortgage payments. First-time buyers need to determine if monthly mortgage payments will fit in their budgets. The downpayment and closing costs must also be considered.

Tuesday, February 22, 2005

The Appraisal

The property appraisal serves a variety of purposes in a real estate transaction and benefits several people. It acts as a financial compass, as it were, for everyone that has a monetary stake in the property value -- the seller, the buyer, the lender, and the insurance company.

Tuesday, February 15, 2005

To Remodel or Not To Remodel?

Are you selling your home and wondering whether it is worth the money to make renovations? Some really are worth the expense. Some will just cost you money. There are even some that are vital so that you won't lose money on the sale of your home. For details read this newsletter.

More information on selling your home can be found here.