Tracy, CA

I've helped so many first time buyers buy thier first home this year.  I can not tell you how honored I am every time that these great people have chosen ME to help them with such a HUGE memorable experience.

I wanted to compile a short list of things you as a BUYER need to know....

1) Your Good Faith Deposit - Ernest Money - is not deposited until the offer is accepted by the seller.  This deposit is APPLIED to your downpayment.

2) In Tracy California which is in San Joaquin County, closing costs, all the extra fees, prepaid amounts etc usually runs 3 - 4%.  As of right now, December 22nd, many sellers, even Bank Sellers are willing to pay these fees.  What's included in this 3% --- Prepaid Taxes, Prepaid insurance, Points for your loan, Appraisal, Inspection Fees, Home Warranty and many more.

3) Even if you have an impound account, an account where you taxes and insurance are taken out monthly, you still need to secure an insurance policy.  Check with who you have auto insurance through.  Your lender will require you have insurance prior to lending you ANY money.

4) You need to contact PG&E; Water, etc to get all those utilities turned on.  If you forget to do this, you may move into your home and it will be very dark with no water.

5) Get your home re-keyed.  This is especially important with all the foreclosures on the market.  Do this first thing, before you move anything into the house.

These are not listed in any order of importance, and there are many more.

If you have any questions call or email me.  I'm always available to answer your questions.

 

 

Am I the only one who is infuriated with Home Owners, or should I say Mortgage Holders, or Landlords - the one who's RESPONSIBLE for paying the mortgage.... remember them.....

I'm sure the RENTER who is renting their property, who's paid the rent on time every month for fear of eviction would call them something else.

This situation just ticks me off.  I've gone to far too many homes, to do Cash For Keys, only to find a renter in the property, completely surprised that they have 3 weeks to find a new place.   They asked the landlord about the notice on the door "It was a mistake, We took care of that, etc" was what they heard.

So WHAT CAN A RENTER DO? Is it illegal to take the rent money, first and last months rent, security deposit and not pay the mortgage.  One couple had only lived in the home 3 months after being moved out of a previous foreclosure.

What can renters do to protect themselves? I've recommended that they at least ask to see a CURRENT mortgage statement, that may protect them for a little while.

Is there something we, those of us who work in this industry can do?

I'm not sure it's illegal -- but it sure as heck should be.  It's a strange world we live in......

Listen Carefully and I will tell

you the story of "How the Market Fell".

The home on the left was for sale you see

sold 13 days only in 4/06 for $425,000 woah wee.

Fast forward now to December 2008

to see what will be this homes fate.

Will it sell for more, will it sell for less?

I'll bet you won't have to think hard to have a correct guess.

New CMA, New BPO, a new REO is how this will be sold.

The price will be much less we're told

than the price it was in 2006

if we're lucky it'll sell for $146K

So as you can see our market's declined

to a state where we wonder will it we ever survive.

Houses can't go much lower "they" all say

I hope not I think as I kneel down to pray.

I pray for the people that thought they bought

the American Dream is what they sought

what they found was a nightmare and much heart ache

Now to a Rental their family they take.

Ok - this was my very lame yearly attempt at poetry! Problem still remains.

I LOVE LOVE LOVE having unlimited minutes on my phone!

Best thing I ever did.

If you don't have unlimited minutes you should, I think all the carriers offer it now.

 

I've helped so many first time buyers buy thier first home this year. I can not tell you how honored I am every time that these great people have chosen ME to help them with such a HUGE memorable experience.

I wanted to compile a short list of things you as a BUYER need to know....

1) Your Good Faith Deposit - Ernest Money - is not deposited until the offer is accepted by the seller. This deposit is APPLIED to your downpayment.

2) In Tracy California which is in San Joaquin County, closing costs, all the extra fees, prepaid amounts etc usually runs 3 - 4%. As of right now, December 22nd, many sellers, even Bank Sellers are willing to pay these fees. What's included in this 3% --- Prepaid Taxes, Prepaid insurance, Points for your loan, Appraisal, Inspection Fees, Home Warranty and many more.

3) Even if you have an impound account, an account where you taxes and insurance are taken out monthly, you still need to secure an insurance policy. Check with who you have auto insurance through. Your lender will require you have insurance prior to lending you ANY money.

4) You need to contact PG&E; Water, etc to get all those utilities turned on. If you forget to do this, you may move into your home and it will be very dark with no water.

5) Get your home re-keyed. This is especially important with all the foreclosures on the market. Do this first thing, before you move anything into the house.

These are not listed in any order of importance, and there are many more.

If you have any questions call or email me. I'm always available to answer your questions.