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How To Buy A House – What Happens During The Home Buying Process?

How To Buy A House – What Happens During The Home Buying Process?

Having the right team behind you makes all the difference. san diego ca homes for sale

Purchasing a new home for sale is always an exciting time.  There are many important steps to follow when buying a home in San Diego.  These are the steps that your REAL ESTATE TEAM (your Real Estate Agent, lender, and the title and escrow company) will perform so that your transaction is successful.

Steps are in chronological order by days in a typical sale with 30 day escrow period.  Some steps occur simultaneously.

Day 1. Pre-approval and evaluation of your ­financing options [Lender].
Loan application form is completed [Lender].

Day 2 – 30. Choose a desired property,  present an offer and good-faith deposit [Real Estate Agent].

Day 31. Contract is reviewed with particular attention to the steps with specific dates [All team members].  If offer is accepted, the transaction is started and Title/Escrow is opened [Title and Escrow Company]

Day 32 – 35. Property inspections are ordered [Real Estate Agent].
Credit report and property value assessment are ordered [Lender].

Day 36 – 48. The preliminary title report is reviewed and sent to the lender and the Real Estate Agent [Title and Escrow Company].
The disclosure reports are delivered to the buyer [Real Estate Agent].
The preliminary title report is reviewed [All team members].
Buyer selects their desired loan [Lender].
Inspection contingencies are lifted [Real Estate Agent].
Loan contingencies are removed [Real Estate Agent].

Day 49 – 60. Final gathering of documents for loan approval [Lender].
Escrow ensures title report is free of errors and that in compliance [Title and Escrow Company].
Loan package is sent to the mortgage lender for ­final underwriter approval [Lender].
The Real Estate Agent gives fi­nal instructions for the closing [Real Estate Agent].
Escrow drafts instructions and get signed by all parties. [Title/Escrow].

Day 60 – 61.  All signed documents are returned to the lender [Title and Escrow Company].
Buyer and their Realtor does a Final walk through [Real Estate Agent].  The buyer deposits the funds balance in the escrow account [Title and Escrow Company]. Buyer and Seller exchange monies [Lender].
The deed is registered with the county [Title and Escrow company].
The transaction is closed and the keys are handed to the new owner with a smile! [Real Estate Agent]

That’s it!  We’re always happy to answer any questions.  And don’t forget our Free Home Search Tool.  Search for homes and condos for sale anytime!

Your friends and local real estate experts,

Oliver, Sam, Sandro

The Home Team

Contact us anytime:

Oliver Graf – Direct: (760)237-8006
Sandro Natale – Direct: (949)290-2599
Sam Khorramian – Direct: (858)518-1533

Have a question? —>Contact us direct <—

Big Block Realty
Always working hard for you!
CA DRE #01885775

BUYING OR SELLING?: Don’t forget our Free Home Search Tool.
Search the MLS anytime! http://www.FreeSDHomeSearch.com

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Posted in FreeSDHomeSearch
Carlsbad Homes For Sale – Bristol Regency Condominium Homes For Sale In Carlsbad

Bristol Regency Condos in Carlsbad are a short walk to the trails on the Carlsbad lagoon and lots of great water activities.

Carlsbad Homes For Sale: For a free list of Homes for Sale in Carlsbad Call Oliver Today 760. 237. 8006.

Homes For Sale in Carlsbad shown by Carlsbad Realtor on the Beach Oliver Graf. Bristol Regency homes for sale are situated in the heart of Bristol Cove in Carlsbad. The Bristol Regency Condos are in a prime location and are perfect for the outdoor and water lover. From the front of your house you can boat, fish, wakeboard, paddleboard, and even swim in the magical Carlsbad lagoon. For Help with Carlsbad homes for sale, or questions on Carlsbad Real Estate call Carlsbad Realtor Oliver now… 760-237-8006.

Watch this video tour of Bristol Regency Condo Complex in Carlsbad…

Try this Free Carlsbad Homes For Sale Finder:
http://www.FreeSDHomeSearch.com

Carlsbad Realtor Oliver Graf is proud to help you buy a home in the Bristol Regency Complex and Bristol Cove homes for sale.  Oliver is a Realtor who covers Bristol Cove and all other Real Estate in Carlsbad, Del Mar, Rancho Santa Fe, Solana Beach, Leucadia,  Cardiff, Encinitas, La Costa, La Jolla and all of The North San Diego Coastal Real Estate.

Bristol Regency Condos in Carlsbad are located at: 4705 Marina Dr, Carlsbad CA 92008

Carlsbad Homes for sale can be some of the most sought after in all of San Diego. Carlsbad other wise know as the village by the sea has lots of great restaurants, shopping, and fun. Contact me today for a free list of homes for sale in Carlsbad.

Carlsbad Realtor Oliver, contact me now for help:
Call now: 760. 237. 8006.
Or Contact Me Direct: http://www.ThinkOG.com

Find out how Carlsbad Realtor Oliver Graf can help you with Carlsbad homes for sale, Carlsbad Homes, Carlsbad Condos, San Diego beach homes for sale, San Diego luxury homes for sale, Carlsbad luxury homes for sale, Carlsbad condos for sale, Carlsbad Real Estate Agent, Carlsbad realty, San Diego beach real estate, Carlsbad Realtor, Carlsbad beach home and San Diego luxury homes for sale.

Our team is committed to providing with top notch real estate services, so when you want to buy a home in San Diego you can get the home of your dreams at a great price.

Thanks for watching!

Contact me anytime,

Oliver Graf
Big Block Realty
Carlsbad Real Estate Agent: #01832028

Premium Service, Proven Results!

Carlsbad Homes For Sale, for a great deal on a great property contact me today (760) 237-8006, we will find you the perfect Carlsbad Home for Sale.

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Posted in FreeSDHomeSearch
How to Show Income When Getting A Home Loan – Mortgage Loan Help
Buying a New Home or Condo has been gaining momentum amongst First Time Home Buyers, Rehab Property Flippers, and Buy and Hold Cash Flow Investors.

When Buying a Home or Condo, you will want to get your loan pre-qualified first. Part of getting your home loan pre-approved is showing your income and how much house you can afford.

Watch this quick video where I interview a top loan consultant to explain the process of how to show income when getting a home loan. http://www.youtube.com/watch?v=8O0PNruU4kU



To determine your maximum San Diego mortgage amount, lenders use guidelines called debt-to-income ratios. This is simply the percentage of your monthly income (before taxes) that is used to pay your monthly debts. Because there are two calculations, there is a "front" ratio and a "back" ratio and they are generally written in the following format: 33/38.

The front ratio is the percentage of your monthly income (before taxes) that is used to pay your housing costs, including principal, interest, taxes, insurance, mortgage insurance, and homeowners association fees (when applicable). The back ratio is the same thing, only it also includes your monthly consumer debt. Consumer debt can be car payments, credit card debt, installment loans, and similar related expenses. Auto or life insurance is not considered a debt.

These are just guidelines and they are flexible. If you make a larger down payment or have sterling credit, the guidelines are less rigid. The guidelines also vary according to loan program. FHA guidelines, VA guidelines, and Conventional Loan Guidelines all vary.

Whether you want to buy a high end home or a nice comfortable starter home, Oliver will be more than happy to assist you regardless of your budget.

Oliver Graf

Premium Service, Proven Results!
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Posted in buy a home, buy a house, Buying, carlsbad, condo for sale, Encinitas, Foreclosures, FreeSDHomeSearch, home for sale, house, Loan, Mortgage, Oliver Graf Real Estate Expert
How to Show Income When Getting A Home Loan – Mortgage Loan Help
Buying a New Home or Condo has been gaining momentum amongst First Time Home Buyers, Rehab Property Flippers, and Buy and Hold Cash Flow Investors.

When Buying a Home or Condo, you will want to get your loan pre-qualified first. Part of getting your home loan pre-approved is showing your income and how much house you can afford.

Watch this quick video where I interview a top loan consultant to explain the process of how to show income when getting a home loan. http://www.youtube.com/watch?v=8O0PNruU4kU



To determine your maximum San Diego mortgage amount, lenders use guidelines called debt-to-income ratios. This is simply the percentage of your monthly income (before taxes) that is used to pay your monthly debts. Because there are two calculations, there is a "front" ratio and a "back" ratio and they are generally written in the following format: 33/38.

The front ratio is the percentage of your monthly income (before taxes) that is used to pay your housing costs, including principal, interest, taxes, insurance, mortgage insurance, and homeowners association fees (when applicable). The back ratio is the same thing, only it also includes your monthly consumer debt. Consumer debt can be car payments, credit card debt, installment loans, and similar related expenses. Auto or life insurance is not considered a debt.

These are just guidelines and they are flexible. If you make a larger down payment or have sterling credit, the guidelines are less rigid. The guidelines also vary according to loan program. FHA guidelines, VA guidelines, and Conventional Loan Guidelines all vary.

Whether you want to buy a high end home or a nice comfortable starter home, Oliver will be more than happy to assist you regardless of your budget.

Oliver Graf

Premium Service, Proven Results!
Tags: , , ,
Posted in buy a home, buy a house, Buying, carlsbad, condo for sale, Encinitas, Foreclosures, home for sale, house, Loan, Mortgage, Oliver Graf Real Estate Expert
How to Buy a House Step 1 "Get Prequalified for Your Loan" – Real Estate Mortgage Prequal
When Buying a Property many people ask, what is the first step, Should I Get Pre-Qualified for a Loan first?




The answer is Definitely Yes! Before you start looking to purchase a new home or condo, you should review your finances, discuss your home loan options, figure out how much you can afford, and get pre-qualified. Getting Pre-qualified is a simple process thatwill put you in a much better position because you will have the confidence to move forward with a purchase and it will give you significantly more negotiating power when purchasing.

What does it take to get pre-qualified for your loan? Not as much as you might think... With a short phone conversation, we can briefly review information about your employment, debts, income, and assets. We can also look at your credit profile, discuss your down payment options, and cover the different loan programs that can work for you.

Once you get pre-qualified, your loan officer will give you what's called a Pre-Qualification Letter. This letter states that, as your loan officer, they have reviewed your finances and can get you qualified for a loan up to a certain amount. The whole process is simple and to the point,the paperwork is kept to a minimum, and generally your loan officer can provide most clients with a "Pre Qual letter" within about 15 minutes.

Once pre-qualified then you can go out and find the home or condo that catches your eye. Once you and you decide on "the one", being pre-qualified for your mortgage will do a couple of things. First, it lets you know in advance how much you can offer. Second, your real estate agent(me) wil submit your mortgage prequalification letter with your offer so that the seller knows that a lender has reviewed your situation and that you can afford the home.

It puts you in the best possible position and gives you the most negotiating power when buying a house, so make sure you get qualified in advance.

Contact me if you have any questions or need any help,

Oliver Graf

Real Estate Expert
http://www.ThinkOG.com

Tags: , ,
Posted in buy a home, buy a house, Buying, Buying Real Estate, Encinitas, FreeSDHomeSearch, house, house for sale, Investing, Oliver Graf Real Estate Expert, Real Estate Agent, Real Estate Tips
How to Buy a House Step 1 "Get Prequalified for Your Loan" – Real Estate Mortgage Prequal
When Buying a Property many people ask, what is the first step, Should I Get Pre-Qualified for a Loan first?




The answer is Definitely Yes! Before you start looking to purchase a new home or condo, you should review your finances, discuss your home loan options, figure out how much you can afford, and get pre-qualified. Getting Pre-qualified is a simple process thatwill put you in a much better position because you will have the confidence to move forward with a purchase and it will give you significantly more negotiating power when purchasing.

What does it take to get pre-qualified for your loan? Not as much as you might think... With a short phone conversation, we can briefly review information about your employment, debts, income, and assets. We can also look at your credit profile, discuss your down payment options, and cover the different loan programs that can work for you.

Once you get pre-qualified, your loan officer will give you what's called a Pre-Qualification Letter. This letter states that, as your loan officer, they have reviewed your finances and can get you qualified for a loan up to a certain amount. The whole process is simple and to the point,the paperwork is kept to a minimum, and generally your loan officer can provide most clients with a "Pre Qual letter" within about 15 minutes.

Once pre-qualified then you can go out and find the home or condo that catches your eye. Once you and you decide on "the one", being pre-qualified for your mortgage will do a couple of things. First, it lets you know in advance how much you can offer. Second, your real estate agent(me) wil submit your mortgage prequalification letter with your offer so that the seller knows that a lender has reviewed your situation and that you can afford the home.

It puts you in the best possible position and gives you the most negotiating power when buying a house, so make sure you get qualified in advance.

Contact me if you have any questions or need any help,

Oliver Graf

Real Estate Expert
http://www.ThinkOG.com

Tags: , ,
Posted in buy a home, buy a house, Buying, Buying Real Estate, Encinitas, house, house for sale, Investing, Oliver Graf Real Estate Expert, Real Estate Agent, Real Estate Tips
Senate Bill 458 gives added protection to short-sale hopefuls
On Friday July 15th 2011, Gov. Jerry Brown signed Senate Bill 458 (Corbett) into law. The new law, which contained an urgency clause and became effective upon signing, protects homeowners pursuing short sales by barring first and secondary lien holders from going after sellers for money owed after the short sales close.

Making sense of the story

-- A short sale – a transaction in which the homeowner sells the property for less than is owed on the mortgage – must be approved by the lien holder or lien holders, if there is more than one.

-- Under previous law (SB 931 of 2010), a first mortgage holder could accept an agreed-upon short-sale payment as full payment for the outstanding balance of the loan, but the rule did not apply to junior lien holders. SB 458 extends the protections of SB 931 to junior liens.

-- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) sponsored the bill and urged lawmakers to pass this much-needed legislation.

-- “The signing of this bill is a victory for California homeowners who have been forced to short sell their home, only to find that the lender will pursue them after the short sale closes and demand an additional payment to subsidize the difference,” said C.A.R. President Beth L. Peerce. “SB 458 brings closure and certainty to the short-sale process and ensures that once a lender has agreed to accept a short-sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full, and the homeowner will not be held responsible for any additional payments on the property.”

From July 21, 2011. C.A.R's Market Matters
Reprinted with permission of the CALIFORNIA ASSOCIATION OF REALTORS®



Contact me if you have any questions or need any help,

Oliver Graf

Real Estate Expert
Follow me on Twitter: Twitter.com/OliverGraf360
Tags: , , ,
Posted in Encinitas, Foreclosure Help, Oliver Graf Real Estate Expert, real estate blog, Real Estate Help, sell a home, sell my house, Short Sales
Senate Bill 458 gives added protection to short-sale hopefuls
On Friday July 15th 2011, Gov. Jerry Brown signed Senate Bill 458 (Corbett) into law. The new law, which contained an urgency clause and became effective upon signing, protects homeowners pursuing short sales by barring first and secondary lien holders from going after sellers for money owed after the short sales close.

Making sense of the story

-- A short sale – a transaction in which the homeowner sells the property for less than is owed on the mortgage – must be approved by the lien holder or lien holders, if there is more than one.

-- Under previous law (SB 931 of 2010), a first mortgage holder could accept an agreed-upon short-sale payment as full payment for the outstanding balance of the loan, but the rule did not apply to junior lien holders. SB 458 extends the protections of SB 931 to junior liens.

-- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) sponsored the bill and urged lawmakers to pass this much-needed legislation.

-- “The signing of this bill is a victory for California homeowners who have been forced to short sell their home, only to find that the lender will pursue them after the short sale closes and demand an additional payment to subsidize the difference,” said C.A.R. President Beth L. Peerce. “SB 458 brings closure and certainty to the short-sale process and ensures that once a lender has agreed to accept a short-sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full, and the homeowner will not be held responsible for any additional payments on the property.”

From July 21, 2011. C.A.R's Market Matters
Reprinted with permission of the CALIFORNIA ASSOCIATION OF REALTORS®



Contact me if you have any questions or need any help,

Oliver Graf

Real Estate Expert
Follow me on Twitter: Twitter.com/OliverGraf360
Tags: , , ,
Posted in Encinitas, Foreclosure Help, Oliver Graf Real Estate Expert, real estate blog, Real Estate Help, sell a home, sell my house, Short Sales