How it works for Home Buyers:

1) You can shop for your dream home anywhere, anytime, and when you are ready for help from your Realtor, we will be there for you.

2) We as your Realtors give you access to the MLS to search for homes, just like we do. You are empowered with 24/7 access to in depth detailed information on properties that are listed in your area. You can decide on the area you want to search in, and you can adjust your criteria, anytime you like. You will be able to see the days on market, price history, additional photos, and virtual tours. If you want to know when a house comes to the market or has a change in price in your area, you will have it instantly.

3) Communicate with your Realtor made easier. Listingbook will give you the ability to save any property as a favorite and easily share the information with us as your Realtors. you can also email us directly through a secure system, and never leave your search.

How it works for Sellers:

Listingbook will help you as a seller in many ways. The first being that your property will be seen in greater detail, by more prospective buyers. Listingbook will also provide you all the same benefits that the buyer gets, such as easier communication with your Realtor, and access to all the competition for your home, to see if they change their price, and how many days on the market, and if new listings come up in your area.

When it comes to communication with us as your Realtors, we are always accessible by any means that you like, and we are always glad to hear from you. Listing book is just another tool that is there for you to have to compliment our Real Estate services to you our clients, Buyers, Sellers, and Investors.

There is no cost for Listingbook, and there is never any obligation to use our services as Realtors. This is just our way of helping you by providing as much information as we can to make your real estate wants, needs, and desires, just a bit easier for you.

Just give us a call, and we can send you a link to create your own username and password, or simply fill out the form HERE, and please state in the remarks section that you want your Listingbook Invitation, and we will send you, your own personal invitation to Listingbook right away.

If you have questions for us, and would like to give us a call, we would love to hear from you.

Our contact information:

Jim 602-284-6833
Grace 602-617-0529

Make it a fantastic day, and an even better tomorrow.

Sincerely,
Jim & Grace Swartz

The fact that you owe more on your home than it is worth, is not necessarily a bad thing. If you bought your home with the intention of living there for many years to come, and you have no problems financially being able to afford to make the mortgage payments, then you have nothing to be concerned about. Home prices have already increased in some areas, not much of an increase, and they will continue to increase. There will come a day when your home will, once again, be worth more than you paid, and more than you owe.

If you are in a situation where you need to sell your home, and you own more than it is worth, then there are several options that we can talk about.

First: Do you really need to sell your home? Often when things change in our lives, we tend to think ourselves into a corner, where it feels like our options are limited. it really depends on your particular situation, and selling, may or may not be the only solution to the problem.

Second: Before you take any action, we recommend that you contact us, to discuss you particular situation. We will take the time to listen to you and to understand your situation, and then we will recommend what we feel would be the best course of action for you to take.

Third: If Selling is the best option to resolve your present circumstances, then you may be wondering how you could possible sell you home, when you owe more than it is worth. The answer to this is a Short Sale.

A Short Sale, is basically where the bank agrees to accept less than you owe on the property to satisfy your loan. That is the simplest way to explain what a short sale is, and yes it does require more of an explanation, and we would be glad to talk to you, and explain the entire process in great detail to you.

To find out if a Short Sale is right for you, or if there are other options that might be better for you, simply give us a call, or fill out the form HERE.

Our contact information:
Jim 602-284-6833
Grace 602-617-0529

We look forward to being able to help.

If you would like more detailed information, prior to contacting us, you will find it on our website, AZ Short Sale Online.

We are here to help you, by providing you with a no cost, no obligation evaluation of you Phoenix AZ property, be it a single family home, condo, townhouse, loft, or any residential Phoenix AZ real estate.

The evaluation that we will be providing you is not some computer generated value based on what properties recently sold in your area.

We will be providing a BPO, or Broker Price Opinion, just like the banks receive when they are wanting to know the value of a property, before they agree on a price to sell it in a Short Sale.

Our contact information:

Jim 602-284-6833
Grace 602-617-0529

If you prefer to email us, just fill out the form HERE, and state that you are wanting to know the value of your property, and please provide the property address, and a way for us to contact you.

We look forward to providing this service for you , and hope that you are having a fantastic day, and that tomorrow will be even better.

Phoenix Home Sale Offered @ 1.049 Million

When it comes to homes that are in the range of 1 million and higher, there are currently 198 Phoenix AZ homes for sale. The entry priced home for this article is 4,431 sq-ft, 4 bedroom, 4 bath luxury home built in 1988, and the investment for the home is 1 million, and it is the first picture below. There are 137 Phoenix homes, that are currently being offered for sale, that are priced between 1 and 2 million dollars.

Phoenix Home Sale Offered @ 1 Million

When we get closer to the 2 million dollar mark of Phoenix Home sales, that are currently being offered for sale, we come to the pictured home below. This property is currently priced at 1.950 million, and it features 6,903 sq-ft, 4 bedrooms, 6 baths, pool and heated spa,and located next to a desert mountain preserve.

Phoenix Home Sale Offered @ 1.950 Million

As we reach the price point of 2 million dollars, we have the home pictured below. This magnificent property features, 6,377 sq-ft, 6 bedrooms, 5.5 baths, heated pool and spa, and is located on 1.63 acres. Mountain views and city light are just part of the beauty you can expect to enjoy with this property. There are 28 properties currently being offered as Phoenix homes for sale, between the price of 2 to 3 million.

Phoenix Home Sale Offered @ 2 Million

Now as we get closer to the 3 million dollar mark, we see the home pictured below. This fantastic Luxury home features, 5,441 sq-ft, 6 bedrooms, 7 baths, a heated pool and spa, a 3 car garage, on just over half an acre of property. This property is currently being offered for sale at the price of 2.995 million.

Phoenix Home Sale Offered @ 2.995 Million

When it comes to Phoenix Homes for sale between 3 and 4 million, there are 9 homes currently being offered for sale. These homes are all priced between 3.4 and 3.6 million. The home pictured below is priced at 3.6 million, and features 7,036 sq-ft, 5 bedrooms, 7 baths, 4 car garage, heated pool and spa, and sits on 1.25 acres. This is truly a one of a kind smart built home.

Phoenix Home Sale Offered @ 3.6 Million

Phoenix Homes for sale in the 4-5 million dollar range are limited to only 3 homes, and they are all priced around 4.9 million. The home pictured below is currently being offered for sale at 4.9 million, and features, 10,183 sq-ft, 7 bedrooms, 6.5 baths, a heated diving pool and spa, 4 car garage, and sitting on 2.8 acres. This home has many custom features that you would expect a Luxury home of this price to have, and more.

Phoenix Home Sale Offered @ 4.9 Million

Now, we are in the Phoenix Homes, priced between 5 and 6 million dollars. The home pictured below is currently being offered for sale for 5.499 million. This luxury home features, 7,500 sq-ft, 4 bedrooms, 5.5 baths, 3 car garage, pool and heated spa, and sitting on nearly 3 acres of property in one of the most sought after locations in central Phoenix.

Phoenix Home Sale Offered @ 5.499 Million

When it comes to Phoenix Homes being offered for sale, there are no homes currently being offered for sale in the 6-7 million dollar range. So we move on to the 8-9 million price range for Phoenix home sale. The home pictured below is currently being offered for Phoenix home sale at 8.9 million. This home features 11,039 sq-ft of luxury living space. The features of this property include 7 bedrooms, 8 baths, 6 car garage, heated pool and spa, sitting on 2.07 acres in one of the most desirable sub-divisions in central Phoenix. This is truly a remarkable piece of property.

Phoenix Home Sale Offered @ 8.9 Million

OK, we have made it to the top Phoenix home sale article of luxury properties being currently offered for sale in the Phoenix luxury home market. This is the last picture shown in this article, and is currently offered for sale at 10.995 million. This magnificent luxury Phoenix property features, 17,799 sq-ft, 9 bedrooms, 11.5 baths, 4 car garage, heated pool and spa, sitting on 1.04 acres in central Phoenix. This home has everything you would expect and more.

Phoenix Home Sale Offered @ 10.995 Million

We trust that you have enjoyed this look into the market of Phoenix home sale, and when you are ready to take action on owning your piece of Phoenix Luxury, just Contact Us , and we will be here to help make your real estate dreams come true.

When it comes to real estate investing, there are as many ways to make or loose money , as there are days in a year. Yes there are some basic ways to invest in real estate that most people have heard of, and then there are those ways that you will most likely never hear about. With regard to this article, we are going to confine our conversation to just a few different methods. We will also provide a link at the end of this article, where you will be able to find more information on real estate investing. If you have any questions you can always contact us, the information is always free.

Buying A Home

When you stop and think about it, anyone that buys a home is investing in real estate. There are some people that will buy one home, and live there entire life in it, and it will be there children, or perhaps their grandchildren, that will be the ones to sell the property. Just by the fact that you bought a home, you have invested in real estate. There are some that will tell you that you make money when you sell a property. When you sell a property, is only the proceeds, that you will receive from the sale. The most determining factor as to your making a profit, or loosing money on a real estate purchase, is how you purchased the property in the first place. So, just so you are clear on this point, It is at the time of the purchase that you make or loose money in real estate. How did you purchase the property? Did you get financing on the property? What was the interest rate, term, points, costs, that were involved with that loan? Just the particulars of the loan can make you or cost you, may thousands of dollars over the period of the loan.

Now there is the fact of the condition of the property

Did you purchase a property in need of repair? Did you purchase a property that appeared to not be in need of repair, an actually was a disaster waiting to happen, what is called a money pit? Did you purchase a home that was exactly what you wanted, or did you have to remodel the property to suit your needs? Did you purchase a property that is something most people would like to, and could afford to buy? Did you purchase a property that was unique to your taste, and might be hard to sell in the future? Was the property remodeled prior to your purchasing it? If you purchased a property that was remodeled, was it just cosmetics, or were all the workings of the home updated? There are many things that can go wrong in an older home that has just been cosmetically remodeled. Things like wiring, plumbing, heating and air conditioning, the roof, are all items that can cost you thousands of dollars down the road, and are most of the time overlooked, when there are new cabinets, flooring, and paint, that have been recently done to make the house looks great to the unsuspecting buyer.

Are you starting to get the idea of when you make money in real estate?

We have not even started talking about buying other types of property such as a foreclosure, Bank Owned, Short Sale, Lease to Own, condo vs single family home, single family home vs multi family home, and there are many more.

You might also be getting the idea that there are too many things involved in real estate investing to list in one article on a website. If you are serious about investing in real estate, there is one sure way to get a head start, and that is to start by consulting an experienced real estate professional. An experienced Realtor that has experience with buying , remodeling, financing, flipping, selling, and many more things that are involved in making money by investing in real estate. There are also many different ways to purchase a home, like hard money lenders, brokers vs bankers, credit unions vs banks, seller financing, and there are others as well.

We are a company that is experienced at doing all those things in real estate, and many more. We are here to help with all your real estate needs. The information is always free. Contact Us today, and see how we can help. Just as promised in the start of this article, here in the link to more articles on , Real Estate Investing. Have a fantastic day, and remember, you always make your money when you buy, not when you sell.

So you are thinking about Home Selling. Before you do anything else it’s a good idea to sit down and clarify your motivations and draw up a basic time frame for the selling process. It is always best before you spend too much time considering selling your property, to contact a Realtor. A Realtor can sit with you and help in the process by providing useful facts and information, that will not only save you time, but money as well.

Among the questions you will need to ask yourself, one question is, Why do you want to Sell?
Why do you want to sell your house? Do you intend to simply find a larger home, or do you plan on moving to another neighborhood, school district, city or state? You might think your reasons are obvious, but you should take some time and consider all the implications of each option for your family’s lifestyle, opportunities and finances. Being clear about your intentions for selling will make it easier for us to determine the most appropriate option for your specified financial, lifestyle and real estate goals. You may also feel that you need to sell due to financial situations that have recently changed. There may be more options available to you than you think. That is why it is always best to consult a Realtor before you decide what to do.

When Should I Sell?
You should immediately establish your time frame for selling. If you need to sell quickly, you can speed up the process by hiring an experienced agent and utilizing aggressive selling strategies. If there’s no pressing need to sell immediately, you can sit down with an expert agent to thoroughly review the current market conditions and find the most favorable time and terms to sell.

What’s The Market Like?
When you work with us, you can be sure that you’ll have a complete understanding of all the knowledge, expertise and negotiating skills we will be using to work for you, to arrive at the best market prices and terms. We will keep you up-to-date on what is happening in the marketplace and the price, financing, terms and conditions of competing properties. With us, you’ll know exactly how to price and when to sell your home, to get the most money for the time frame that works for you.

How Do I Optimize My Finances?
Deciding to sell your current home requires serious consideration of your current financial situation and future possibilities. With the help of a qualified agent, you’ll be able to effectively assess the cumulative impact of these changes, estimate potential proceeds of selling your home, and plan effective tax savings and estate planning strategies. We will help ensure that you not only take control of your finances, but use them to their fullest potential.

For more information and for any additional questions, please feel free to contact us at any time.

Selecting a Realtor

There are many good reasons why you should choose us to assist you in the important undertaking of selling your home. We will work to ensure that you maximize your opportunities in the current real estate market. With our understanding of everything that is needed to make your home visible, to the most potential buyers, you can be assured, that We will employ the most effective marketing and advertising strategies for your property.

Successful marketing produces offers, and we all know offers require negotiation. Negotiation in real estate transactions does not begin and end at price. In fact, there are several different times negotiation and re negotiations are required to insure a transaction makes it to Close of Escrow. It is at these times, having an experience Realtor, with a full understanding of how changes in the terms of your contract, can and will effect you and your financial position can save you thousands, and even the difference between selling and not selling your home.

We will also guide you through the complicated paperwork involved, from the initial agreement to the final documents. We will make sure you are continually informed of your risks and rewards throughout the entire transaction process. Knowing and understanding the various aspects of your transaction, along with making the decisions best for you, insures you can complete your transaction with confidence.

What To Look For In An Agent

Here are a couple of factors to keep in mind when looking for a listing agent:

1.Experience and Expertise. You want a full-time agent who’s familiar with your area and with the type of property you intend to sell. Does he or she employ a diverse range of marketing and advertising strategies? How tech-savvy is your agent? How many similar properties has he/she been able to sell in the past?

2.Availability and Commitment. Your agent should be capable of prompt and decisive action during the course of selling your home. Does he/she make it a point to keep in touch with you constantly? Can he/she easily be contacted in case of emergencies or even for the simplest questions?

3.Rapport. Does he/she take the time out to listen to your goals and clarify your needs? Can they understand your unique situation and be genuinely concerned about the outcome of the process? Your listing agent will be your guide and partner in this crucial decision, so it’s important to find one you can get along with.

4.Team. Remember this is a team effort consisting of the Listing agent, Selling agent, and YOU. Giving your best effort will help ensure your most profitable outcome.

When it comes to Pricing your home to SELL

What Is Your Home Worth? Without a professional agent, most independent home sellers tend to overestimate the value of their home. You can avoid this pitfall by consulting with an experienced Real Estate agent. A great listing agent will help you achieve your pricing objective. We will help you obtain the highest price, in the shortest amount of time, with the least amount of stress, and complications.

Here are a couple items to consider when pricing your property:

1.Consider all factors. Pricing is not as simple as, “What did the neighbors sell their home for; add a little more, and that’s the number”. We all know no two homes are the same. Differences in your homes amenities, location, condition, etc. will impact your sales price.

2.Location, location, location. It’s not only your location in the city that matters; your location in the neighborhood is an important pricing consideration as well.

3.Missing the number can cost you more than you may think. Everyone knows how undervaluing your home can cost you in the end, but over pricing your home can be equally, or more damaging to your goal of obtaining the highest price. An experienced agent will explain the pros and cons of each pricing plan. Once you have a clear understanding of all factors that effect your sales situation and pricing options, you will be able to price your home at a level which best matches your desired outcome.

For more information and for any additional questions, please feel free to contact us at any time.

Time to get Prepare to Sell

You can do a lot to increase the appeal of your home and create a lasting impact on potential buyers. You need to remember, You only get one time to make a first impression. The first impression is always a lasting impression. When it come to selling your home, believe it!Studies have shown potential buyers make a decision on a homes potential purchase in the first 17 seconds after they enter the home. One thought to keep in mind as you get your home ready to sell, is that it is a place that potential buyers need to be able to imagine their things in, there pictures on the wall, and what it would be like for them to live there. When you have cleaned up, fixed up, and made your home spacious again, and trimmed the landscaping to perfection, and started to think that it looks so good you are not sure you want to sell it, then you are ready to make the most from the sale of your home, and in the least amount of time.

Curb Appeal. Keeping your landscape pristine, and adding creative touches to your yard such as colorful annuals, will create an immediate impact on passers-by and potential buyers. How your home presents its self on the walk to the front door is critical.

House Repairs. Simple upgrades such as window repairs, polishing the doorknobs, and a fresh coat of paint in the most frequently used rooms instantly brighten up your home.

Cleanliness and Staging. Keep your home uncluttered, sweet-smelling and well-lit from top to bottom. Pay attention to details: put away the kitty litter, place a vase of fresh flowers in the hall, pop a batch of cinnamon rolls in the oven, have your carpets cleaned. Let your agent check the house before you accept any potential buyers to see how you can improve the staging further. Remember, the first impression is a lasting impression. The more potential buyers are asked to overlook drawbacks to your home, the more difficult it will be to find the buyer you’re looking for. Small clean up, fix up, shine up efforts will equate to big dividends in your successful home sale.

Disclosures and Inspections. We are very familiar with the legal procedures involved in disclosures and we are ready to help you develop a thorough disclosure statement beneficial to both you and the buyer, as well as suggest home improvement measures before placing your property on the market. Handling disclosure correctly avoids risk for all parties involved.

Showtime. Presenting your home to potential buyers is a job that we will take care of for you. Buyers feel more comfortable discussing the property with the agent if you’re not there. Moreover, your agent will know what information will be most useful in representing your interests when speaking with prospective buyers.

For more information and for any additional questions, please feel free to contact us at any time.

The buyers have been coming, and its time to Accept an Offer

The Price Isn’t Always Right. “The higher the price, the better the offer.” Don’t let yourself be fooled by this popular misconception. Price isn’t always the determining factor in choosing among multiple offers, for several important reasons: the initial offer is never final, and there are a number of terms and conditions that may influence the final outcome of a price. We will help you thoroughly evaluate every proposal without compromising your marketing position.

Negotiating The Right Way. We take the ethical responsibility of fairly negotiating contractual terms very seriously. It’s our job to find a win-win agreement that’s beneficial to all parties involved. Oftentimes you will have to deal with multiple offers before ratifying the one you judge to be the most suitable for you – and as your agent we will provide a thorough and objective assessment of these offers to help you make the right choice for you.

Escrow: The Initial Agreement and Deposit. An escrow is a legal arrangement whereby an asset (such as a home buyer’s initial deposit) is delivered to a third party (an escrow holder) to be held in trust pending the fulfillment of conditions or contingencies in a contract. Incorporated in the offer, the home seller and buyer will agree upon the amount for the good faith deposit and determine the escrow company. This reflects the buyer’s intention to purchase your property and ensures that no funds or property will change hands until all instructions in the transaction are followed.

Escrow Inspections and Appraisal

Your escrow began when you accepted a buyer’s purchase offer and earnest money deposit. What follows is the inspection and appraisal of your home and the loan origination process.

The Title Company. The buyer in most cases selects a title company, whose job it is to examine and insure title to real estate. After researching the complete recorded history of your property, they’ll certify that 1.) your title is free and clear of encumbrances (eg. mortgages, leases, or restrictions) by the date of closing, and 2.) all new encumbrances if any are duly included in the title. They’ll draw up a preliminary report at the end of the process, which they will go over with you in detail at signing.

Contingencies. A contingency is a condition that must be met before a contract becomes legally binding. For instance, a home buyer will usually include a contingency stating that their contract is binding only when there is a satisfactory home inspection report from a qualified inspector.

Before completing his or her purchase of your property, the home buyer goes over every aspect of the property, as provided for by purchase agreements. These include:

Obtaining financing and insurance,
Reviewing all pertinent documents, such as preliminary title reports and disclosure documents, and
Inspecting the property. The buyer has the right to determine the condition of your property by subjecting it to a wide range of inspections, such as roof, termite/pest, chimney/fireplace, property boundary survey, well, septic, pool/spa, mold, etc..
Prior to the conclusion of the inspection period the Buyers agent will prepare a “Repair Request”. Once we receive the request, we will review and discuss to make the response which is best for you and your situation. This is when a professional listing agent can make a real difference in the outcome and success of the transaction.

Loan Approval and Appraisal. Potential buyers will submit an Loan Status Report, or LSR, pre-approval letter with their offer, which is a better guarantee of loan approval than a pre-qualification. Expect an appraiser from the lender’s company to review your property and verify that the sales price is appropriate. The appraiser is hired by the lender. In most cases the lender provides the largest amount of funding to complete the transaction. The lender relies on the appraiser to determine value in the event the buyer defaults during the life of the loan.

The Next Step: Buying Your Next Home

Now that the transaction on your Arizona home is well on its way to a successful close, it’s time to start preparing for your next home.

In most cases, sellers think about where their going to move to, long before thinking of all that is required to sell their current property. Now that you have a good idea of your financial position after the successful close on your current home, we can move forward. If we have selected your future dream home, we can begin negotiating the purchase. Or if you waited because you were uncertain of how your sale would go, we can now begin.

For more information and for any additional questions, please feel free to contact us at any time.

Close of Escrow

If you’ve come this far, then this means only one thing: congratulations, you’ve successfully sold your home! Don’t forget to tie up these loose ends:

Final Walk-Through Inspection. More of a formality than anything else, the final inspection takes place a few days before the transaction is closed. The buyer visits your property to verify that all is in working order.All agreed to repairs have been completed and the property is set to change hands.

Cancel Home Services and Utilities. We’ll provide a list of useful numbers for the termination of home services and utilities as of the date of the close of escrow. Remember all utilities, (Electric, Water, Gas) will need to remain connected through the end of the date of close.

Be Prepared. we will be are ready to assist you should any unforeseen glitch pop up, even at this last stage. Something at the house breaks down, the buyers’ loan doesn’t pull through on time – no need to worry. We’ve encountered these problems before, so we know how to handle these problems efficiently, for you as well.

Close of Escrow. The title company furnishes the principals with a closing statement, which summarizes all the financial transactions enacted in the process. A few days before the set closing date, you’ll sign the final documents for the title company. They’ll record the transaction for you and the buyer at the County Recorder’s Office on the day of closing. The property does not close in Arizona on the day of signing; it closes on the date of recording, and fund transfer. Once recording is complete and closed, that is when you will finally receive your proceeds, and the buyer will become the new owner.

Keys. we will arrange the delivery of your keys to your buyer once the deed has been recorded at the County Assessor’s Office.

For more information and for any additional questions, please feel free to contact us at any time.

We hope that the previous information was helpful to you. We want to remind you that nothing beats talking face to face with a Realtor about all your thoughts and concerns, when it comes to selling, buying, or investing in real estate. Schedule an appointment today, and we will help you to have a better understanding of all that is possible. If you would like to read more articles on the subject of Home Selling, we have provided more HERE.

When you start thinking about your dream home, one of the first things that you should consider doing, before you even start looking at any homes, is finding a Realtor that you can work with, and that has your best interest in mind.

Some of the things to consider when choosing a Real Estate Agent, or Realtor, and why you should consider using a Realtor, vs not using one.

When it comes to Buying a home, it requires making many important financial decisions. You will need to understanding complex issues and there will be a lot of paperwork to be completed. The main thing that will make the biggest difference in the amount of stress that is involved through the entire process, will be working with a real estate professional. It helps to have an expert in your corner when undertaking such a large purchase. We can help guide you through the process, and in many cases get you access to home listings before they hit the general market.

One of the most understood aspects of employing a Realtor when buying a home, is that in nearly all cases, a Buyers agent service, are FREE, to the buyer. There is also another point to consider, that is even better news. When deciding who should be the best agent for you to work with, consider the fact that a great agent, vs just any agent, can mean the difference of thousands of dollars in your pocket. Money that you save not only in the price that you pay for the home, but the terms of the purchase, and the terms of the loan that you get, if you need to get financing for your purchase. A great agent will know the market, the history of the market, knows how to listen to what buyers want in a home, and what to avoid when purchasing a home. A great agent will help you select a desirable home that will ultimately become one of the best investments you will ever make, and one that you will enjoy for years to come.

Here are some factors you might want to consider, when choosing a real estate agent, or Realtor, in Arizona:

First, and I believe the most important thing to look for when deciding on a Realtor to work with, is their ability to listen to what you want. Then determine if they can take that understanding and explain how the current market conditions will relate to what you want. I believe that it is also important to find a Realtor that dedicates all their time to being a real estte professional. Real estate is a complex business, and you should be working with a full time Realtor, not someone that only works in the business a few hours a week.
Interview a few agents, if you must, to find the right one for you. Ask enough question to feel comfortable that they not only understand you, and what you want, but that they know what they are doing, and that they understand the current market, the previous market, and where they believe the market is headed.
Ask how much time the agent will have for you.
Ask about their credentials and education: A good agent will continually strive to improve and gain knowledge of the latest real estate trends.
Does the agent return your calls promptly? Time is money when attempting to buy a home.
Ask for a list of homes they’ve sold or a list of references.
Choose an agent who listens attentively to your needs and concerns.
BUT MOST IMPORTANT…Pick an agent with whom you feel comfortable.
For more information and for any additional questions, please feel free to contact us at any time.

If you are going to require financing for your real estate investment, there are some common items that you will be required to have, and now would be a good time to build a file for those items.

The typical financing file should contain:

Financial statements such as:
Bank account statements
Credit card statements
Auto loans paperwork
Recent pay stubs
Tax returns for at least the past two years
These are the basic items most every lender will require to complete both your LSR (Loan Status Report), and your final loan. The Realtor you choose to work with will know of at least 2 or 3 great lenders for you to secure financing with. If you do not have the cash to pay for your home purchase, getting all the facts from a lender before you start looking for a home, is the only way to start looking for a home. A lender will be able to tell you, how much money you will be required to have as a down payment, and or closing costs. How much home can you afford to buy. What the interest rate and length of loan, and monthly payment will be. You will want to know all these things before you start looking at homes.

You will need to know your credit score, and or have it checked by the lender.
Your credit score will play a major role in what type of home you can buy, and at what price. Anything above 620 will get you in consideration for a home loan, depending on other factors. There is talk about rising that number in the near future, due to all the foreclosures, and or short sales, that are currently affecting our market, and the banks economy. The higher your credit score, the better the rate and terms of the loan ypou will be able to get. A great credit score, (the closer you get to 800), the better the interest rate, and that may mean you qualify for a lower interest rate on your mortgage. You can check your credit rating with a credit reporting agency such as:

Equifax, Experian or Trans Union. The lender will need to get a credit report that is current, so if you do not have a current report, let the lender take care of that for you.
For more information and for any additional questions, please feel free to contact us at any time.

Choosing a Lender

A Great Realtor will be able to assist you in obtaining the best lender. That lender will review your complete financial file as well as listen to your desired goals.

Once your lender has accumulated all the information necessary, they will be able to compile a list of available options. Today there are a number of different loan packages available. Your lender will be able to fully explain the benefits and drawback of each. Together you will be able to select the one that is right for you.

Once you have completed this process your lender will create a Loan Status Report, or LSR. The LSR lets potential sellers know that you are a qualified buyer for their property and adds the necessary credibility to your offer.

This process also give you piece of mind. You are now able to look at, and consider properties knowing how they will fit into your budget. Each home you consider will have its unique advantages. With your finances in order you can better evaluate and consider which dream home is best for you.

For more information and for any additional questions, please feel free to contact us at any time.

OK, you are ready to start looking for a home, now that you have a Realtor, and a lender, and you know what you qualify for, and how much money you need to have to complete the purchase.
Once you have started shopping fora home, it is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability. Any major change in your financial position, such as the purchase of a new car, during this time may prohibit your ability to qualify for your new home. So hold off getting a new job, or buying a new car, or charging anything on the credit cards. Just pay all your bills on time, and don’t make any changes with anything, between the time you talk to the lender and get qualified, and the time you close on your home. Once you have signed all the loan documents, closed on the home, and it is recorded in your name, and you have moved in, then you can make changes in you gob, and or buy a car
Time to begin your home search

Once you’ve got those preparations out of the way, it’s time to find the home of your dreams.

Take a Drive
Get to know the neighborhoods you are interested in. Drive around and get a feel for what it would be like to live in areas you like. Start getting a sense of the homes available in those neighborhoods.

Narrow your search
Select a few homes that interest you and have your real estate agent make appointments to visit them. Ask your real estate agent about the potential long term re-sale value of the homes you are considering.

Time to Buy
Once you’ve picked out the house you want to buy, your real estate agent can help you make an offer that the seller will accept. A great agent will investigate all pertinent information about the property. This information will include, but is not limited to, items like: when the property was purchased by its current owner and for what price, tax information, resale potential, the potential costs of maintenance and repairs, school information, etc. An agent can also help you draft your offer in a way that offers you maximum legal protection.

A great agent will also keep you informed of your risk levels. Throughout the transaction your risk level are continually changing. Risk is not only financial. Risk can also come in the form of loosing the opportunity to purchase. Your agent will keep you abreast of other potential competing buyers and activity on your potential dream home.

For more information and for any additional questions, please feel free to contact us at any time.

Now that you have found your dream home, and have had your offer to purchase accepted, now starts the Escrow, Inspections and Appraisal period.

Escrow
Escrow is the process that starts when your purchase offer is accepted by the seller. It ends when you become the new registered owner of the property, when it is recorded in your name.

Title Company and Escrow
You will have selected a title company and stated that company in your purchase contract. A great Realtor will know the best company to use, and that company will have the best service and the lowest fees, and yes there can be a big difference in the fees that one title company charges vs another. Then once your offer is accepted, you will do what is called open escrow. The title company acts as a neutral third party holding all instruments necessary to the sale, including funds and deed. The title company will research the complete recorded history of the property, to insure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities from building to parking restrictions. There may be recorded easements and encroachments, where others have limited rights to use your property.

How to Hold Title
You may wish to consult with an attorney or tax adviser, on the best way to hold title, the title company will be able to also help you decide the differences between all the ways you can hold title. Different methods of holding title have different legal, estate and tax implications, especially when selling or upon death of the title holder.

Time for Inspections
Once your offer is accepted by the seller, you’ll need to have professional inspectors evaluate your home’s major systems. Your agent may recommend other inspections, such as roof, chimney/fireplace, property boundary survey, well, septic, pool/spa, or mold.

Now that you have inspected the property, it is time for the Appraisal and Lending
A great agent will help you keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. The lender will often send an appraiser out to the property and you may pay a fee for this service. Appraisers are specialists in determining the value of properties, based on a combination of square footage measurements, building costs, and recent sales of comparable properties. Throughout your transaction your agent should be periodically check with your lender to be sure the loan will go through smoothly and on time.

For more information and for any additional questions, please feel free to contact us at any time.

Now that you are finished with the inspection, and the appraisal is acceptable to the lender, and you have everything in place to close the loan, you need to prepare for, Moving In.

The hard part is behind you, but there are a few more steps before you can move in to your new dream home.

Final Inspection
A few days before you take over the property, we’ll do one last inspection to make sure everything is in order and the property is in the same general condition as when the contract was written.

Utilities and Services
You will have to change the utilities and services of the house over to your name. We will assist in this process by providing a list of pertinent companies and contact information. Once contacted, each specific company will make the transition as directed so that service is not interrupted.

Closing Escrow
When your transaction is nearly completed, the title company will provide you with a “closing statement” that details all of the financial details of your home purchase. We will go over this with you to ensure its accuracy. At the last step in the buying process, the title company will have you sign the final documents, including loan documents (“deeds of trust”). When everything is complete, the title company will distribute the appropriate funds, and order the recording of your transaction for you at the County Assessor’s Office.

Once the recording is complete you become the official new owner.

Congratulations! It is time to enjoy your new home and the many years of wonderful memories that are yet to come.

We have also compiled other articles that you may want to look at while you consider buying a house, MORE ARTICLES. Remember, that we are always here to answer any questions that you may have, and the information is always free. When you are ready to start your quest for your Dream Home, Schedule An Appointment with us, you will be glad you did.

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