(760) 237-8006

Blog Archives

How To Sell Your Home

The decision to sell your home is an important one and not to be entered into lightly. Many homeowners have trouble deciding whether or not they want to sell their home.

If you are a homeowner who is at the point where you feel like selling your home is the right decision, there are three important next steps you should take to get the process rolling.

1. Talk to a Professional – 

This is where our team at Big Block Realty comes in. If you or someone you know is thinking about selling your house, the first step is to get a real estate agent involved.

A real estate professional, like a member of our team here at Big Block Realty, can advise you through the selling process. A real estate agent will also serve as your advocate and help you avoid costly mistakes.

Always choose an agent you trust with the knowledge and expertise to get the job done!

2. Set up a Walk Through –

Now that you’ve chosen a real estate agent, it’s time for you to have a walk through of your home or property. During the walk through, your agent can advise you on any possible repairs or improvements that need to be done.

This is also a time when you can ask questions about how to stage your home in a way that will attract potential buyers.

3. Set the Price –

How a home is priced is very important. You must set the right selling price in order to attract the right buyers. An agent can help you set the price and make sure you have realistic expectations about it.

The process of selling a home or property has many elements, and these are just the first three steps to take.

To learn more about how to sell your house or to find your next dream home, contact us at Big Block Realty!

Our team would love to hear from you!

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

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

Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
How To Choose The Right Realtor When Buying A Property?

When it comes to choosing a real estate agent, you have many choices.

So you want to make sure you work with the best…

“I offer my strongest endorsement to Oliver Graf and the home team for going above and beyond my expectations and for making my home buying experience as seamless as possible.” – Jason Y. Oceanside

We invite you to experience the level of service our team provides and how we leverage technology (and the internet) to make the entire home buying process successful, fun, and hassle free.

Contact us anytime with questions—>Contact or Email us direct <—

Not only that, it is our mission to make sure that we always put our clients in the best possible position.

happy customers 2The bottom line is that we’re committed to your best interests. There aren’t many other Realtors(R) who will say that. We want you to feel like the process is a smooth one and we are always here to help you through it, whether you are looking to buy or sell a home or property in San Diego.

Part of that involves our always being available to dispose of information on your behalf, whether to listing agents or other interested parties. We will always guard your information to get the most negotiating leverage so that you will get the best deal possible for your sale or purchase.

You can rest assured that buying or selling a home with us will not involve the headaches usually associated with working with other Realtors(R).

You can also search for a San Diego home for sale by viewing current listings with detailed descriptions and photos here –> www.FreeSDHomeSearch.com . Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in beautiful San Diego.

“Helping You WIN In This Market”

We look forward to hearing from you!

Your friends and local real estate experts,

San Diego Realtors

Sandro, Oliver, Sam

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

 

Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
San Diego Real Estate Spotlight – Oceanside

San Diego Area Spotlight: Oceanside

Search Homes For Sale In Oceanside –> Oceanside Homes for Sale 

Oceanside, California, with its 6-mile stretch of gorgeous beaches, is a popular location for individuals looking to buy a vacation home or a permanent home. This coastal city, one of the largest in San Diego County, has a wide variety of houses, condos and other properties in all different sizes and price ranges.

The city of Oceanside is a beach community that also offers many attractions for would-be home-buyers. One of popular Oceanside landmark is the Oceanside Pier, which was built in the late 1800s.

Other sites of note if you are thinking about buying a home in Oceanside include the Mount Ecclesia historic district, the California Surf Museum and the Mission San Luis Rey de Francia.

Oceanside, south of U.S. Marine Base Camp Pendleton, is easily accessible by Amtrak, Coaster and Sprinter and is less than 40 miles away from San Diego, America’s Finest City. Buying a home in Oceanside allows you to experience the best of both worlds: a beachside community that is close to the city.

Full details and photos of all Oceanside homes for sale –> click here to see all Oceanside Homes For Sale

Open for showings daily. Call Sandro @ 858 255 0135 ok to text. No solicitation please.

Oceanside Homes For Sale Spotlight – Oceanside 92049, 92051, 92052, 92054, 92056, 90257, 92058 – Oceanside Real Estate

Search Oceanside, Bankers Hill, Carlsbad, Encinitas Homes and Condos for sale anytime using our Free Home Search Tool —  http://www.FreeSDHomeSearch.com

To learn more about your options for houses or condos in Oceanside, please contact us anytime.

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

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

Tags: , , , , , ,
Posted in FreeSDHomeSearch
4 Reasons to Consider Foreclosures and REO Properties

There are pros and cons to everything but for buyers considering foreclosure homes and properties for sale, we think the pros outweigh the cons. While homes in foreclosure were once seen as damaged goods, they are now being viewed as a viable option for home buyers  As with anything in life, there are always unknowns but these tips should help with the home buying process, with regard to foreclosures.

So what are the pros of Buying Homes in Foreclosure 

Foreclosures and REO’s provide options.

California real estate has seen a decrease in inventory in recent years. Combine this with the fact that the economic downturn led to an increased number of homes and properties in foreclosure.

If you are willing to look at foreclosure and short sale homes, you and your Realtor have a much larger pool of possible properties to search from.

Homes and properties in foreclosure are more affordable.

 California home buyers can save money and get great deals when considering the option of buying homes in foreclosure.

Although the competition is high, foreclosure properties are usually priced at least 5% below current market value. Sometimes they can even be up to 15% less. Bank-owned properties in California are sold as-is, without disclosures. It’s important to do your homework so that if you do find out a home in foreclosure has a major problem, you can negotiate a lower price.

Foreclosured properties can be hidden gems.

 While some homes in foreclosure need some TLC, there are many options of foreclosure and short sale homes that are actually great finds as is. Just because a California property for sale is in foreclosure doesn’t mean there is anything wrong with the property. Homes in every price range were affected by the economic downturn so it’s not unusual to find luxury homes in foreclosure that are also in good condition.

Banks are ready to sell.

 Properties in foreclosure or sold in short sale are usually bank-owned. Banks are not in the home-owning business. We find that banks want quick turnaround for taking foreclosures and short sales off their hands. If you are a well-qualified buyer serious about making a purchase, banks will want to work with you.

These are just a few of the possible reasons to consider looking at a home or property in foreclosure or being sold in a short sale. If you are looking for your next home in San Diego, Oceanside, Pacific Beach or another nearby area, our team here at Big Block Realty wants to help!

If you would like any additional information or have any questions, please contact us anytime.

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

Proudly serving all of San Diego County including: Oceanside, Carlsbad, Leucadia, La Costa, Encinitas, Cardiff, Del Mar, La Jolla, Pacific Beach, Escondido, San Marcos, Poway, Rancho Bernardo, Vista, Chula Vista, Spring Valley, Point Loma, Coronado, all other cities in San Diego!

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
How To Start Investing In Real Estate

How To Start Investing In Real Estate

Steps on Successfully Launching a profitable Real Estate Portfolio

For many people the hardest part of getting your Real Estate Investing business started is overcoming the fear of the unknown that comes with attempting new things.bigstock-Saving-Money-8173913

Many of our clients got stuck before they even start… suffering from what we call “analysis paralysis”.

What we all need to understand is that fear will never go away no matter how many books you buy, or how many boot-camps and seminars you attend. The only way to get over this fear is by getting yourself in the game, you need to face your fears and execute! (and work with a great team like ours!)

You don’t need to start with huge deals to get started, or even any of our own money.

Often times, new investors think that they need to put everything on the line to get into real estate investing. That is not the case, in fact many of the deals get done without ever using any of your own money or credit.

It all starts by building a strong team, and they finally pulling the trigger and doing the first deal.

Here is an easy action guide for you to start using today, this will help you finally start working towards your goal of building a strong real estate portfolio and making some serious cash.

Follow these easy steps and you will be well on your way to being a successful real estate investor!

1) Attend a REIA / Meetup / Investment club meetings:

Networking with other investors is the key and also the first step to starting your investing career. The people you will meet at these events will be a big help to you while first getting started. We always say that “Relationships are the only shortcuts to success”. For a lot of us it can seem a little nerve wrecking in the beginning, but be rest assured that this is the most important step in starting your investing career. Another major bonus is that these meeting are usually low cost or free! So get out there and attend.

2) Learn from successful Investors:

Sometimes we need to see it before we can believe it. Meeting with an active successful investor will give you the inspiration you need to get your butt into action. When we first got started we made it a point to meet and surround ourselves with as many of these people as we could. We have all heard that saying…”You income is the exact average of the 5 people you hang out with most”…so why are you hanging out with your broke friends? If you need help finding successful investors to meet with, a REIA or Networking group as explained above is a great place to start.

3) Take Action:

Obviously the first stem in taking action is arming yourself with knowledge. You can talk to us if you have questions. But once you have a strategy, the only way to invest in your first deal is by finding your first deal!! Whatever your chosen model is, you need to find properties that meet your criteria to invest in. So if you are going to be looking for motivated sellers, then you need to get on the phone with sellers. The only way you can get better at the game is by talking to more and more people. Practice makes perfect, right? No! Perfect practice makes perfect! Practice your scripts, roll play your scripts and get on the PHONE!! Read this very carefully…TAKING ACTION WILL MAKE YOU RICH!!

Getting starting and making money investing in real estate is not easy, but when done correctly can provide a lifetime of cashflow!

What are you going to do to get started?

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

Proudly serving all of San Diego County including: Oceanside, Carlsbad, Leucadia, La Costa, Encinitas, Cardiff, Del Mar, La Jolla, Pacific Beach, Escondido, San Marcos, Poway, Rancho Bernardo, Vista, Chula Vista, Spring Valley, Point Loma, Coronado, all other cities in San Diego!

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
15 Tips to bring you Massive Success – In Real Estate, Business, and Beyond!

15 Tips to bring you Massive Success

Judging from the number of self-help and business books sold every year, millions of people want to know what it takes to be successful in business and in life.

Especially if you define success as abundance in all areas of your life – not just money – then being “successful” is what life is all about.

Take a look at these 15 Success tips and get in the right mindset for reaching your goals and achieving massive success!

1. Get out of your comfort zone… and stay there!Real Estate Success

Not much happens of any significance when we’re in our comfort zone, so get out. When you are out of your comfort zone or uncomfortable, you are growing.

2. Never ever give up.

Almost nothing works the first time it’s attempted, so don’t give up. Just because what you’re doing does not seem to be working, doesn’t mean it is not going to work. It just means that it might not work the way you’re doing it. Remember, if it was easy, everyone would be doing it!

3. When you’re ready to quit, you’re closer than you think.

There’s an old Chinese saying that goes like this: “The temptation to quit will be greatest just before you are about to succeed.” It’s always darkest before dawn. Most people quit when they are 3 feet from GOLD!!

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be.

Very seldom will the worst consequence be anywhere near as bad as a cloud of “undefined consequences.” During the toughest times just think “This can’t kill me, one day I’ll look back on this and laugh!” Hahaha…

5. Focus on what you want to have happen.

Remember that old saying, “Whether you think you can or can’t, you are right.” It is always so important to keep a positive mindset. 80% of your success will come from this.

6. Take things a day at a time.

No matter how difficult your situation is, you can and will get through it if you don’t look too far into the future, and focus on the present moment. You can get through anything one day at a time. “This too will pass”

7. Always be moving forward.

Never stop growing. Never stop improving. Never stop doing. The moment you stop improving you (and your organization), it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages.

8. Measure everything of significance.

I swear this is true. Anything that is measured and tracked, improves. Keep track of your numbers. Hold yourself accountable and watch your business grow.

9. Anything that is not managed will deteriorate.

If you want to uncover problems you don’t know about, take a few moments and look closely at the areas you haven’t examined for a while. I guarantee you problems will be there.

Real Estate Success Tips10. Pay attention to your competitors, but pay more attention to what you’re doing.

When you look at your competitors, remember that everything looks perfect at a distance.
What is your edge? What make you different? Why should someone work with you over the competition?

11. Never let anybody push you around.

Never let someone tell you “It can’t be done.” Don’t let other people’s opinion determine your success.

12. Never expect life to be fair.

Life isn’t fair. Let me say that again, life isn’t fair. You make your own breaks. Don’t let your down falls hold you back. You will fail many times before you succeed. Fail Forward Faster!!

13. Solve your own problems.

You’ll find that by solving your own problems, you’ll develop a competitive edge. You never succeed in technology, business, or anything by following the others. Be you, and YOU will succeed!

14. Don’t take yourself too seriously.

Lighten up. If you are walking around upset and uptight that is what you will get more of. Be happy and positive! None of us are in control as much as we like to think we are.

15. There’s always a reason to be happy, so SMILE!

Find the reason to smile. After all, you’re really lucky just to be alive. Life is short. Remember: “We’re not here for a long time, we’re here for a good time!”

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

Proudly serving all of San Diego County including: Oceanside, Carlsbad, Leucadia, La Costa, Encinitas, Cardiff, Del Mar, La Jolla, Pacific Beach, Escondido, San Marcos, Poway, Rancho Bernardo, Vista, Chula Vista, Spring Valley, Point Loma, Coronado, all other cities in San Diego!

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

Tags: , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
How To Sell A House: 10 Tips For Selling Your House FAST (and for a great price!)

10 Steps to Sell Your House Fast

If you (or someone you know) is looking to sell, you will probably be looking to make the most amount of money from the sale, right?

So how do you go about makeing sure you net the most money possible?

How To Sell A House: 10 Tips For Selling Your House FASTBelow are 10 tips that a seller can follow to assure that the home gets the best price and most of all, get’s sold quickly.

Step 1: Use a broker that is familiar with your area

You need to expose your property to as many potential buyers as possible. That being said, who do prospective buyers get in touch with when they are house hunting? Most people turn to Real estate agents and brokers. So working with a broker/agent who is familiar with your local market is key. The National Association of Realtors says that 85% of purchasers rely on real estate brokers for their home selections, while the Internet accounts for the majority of the remaining 15%…. and who creates all of those online real estate postings? Real estate agents and brokers from the local area. If you need help with any of this, our would gladly apply for the job!

Step 2: Familiarize yourself with the listing sale agreement.

Standardized real estate contracts have become lengthy and complex over many years. If you sign one of those, read it carefully and be aware that you are agreeing to every unmodified term and condition. Make sure there is nothing in the agreement that needs to be taken out, rewritten, or added. Brokers will offer a copy of the sale agreement that they might use at listing presentations and go over it with you to avoid misunderstandings. Consult your attorney or broker for further detailed information.

Step 3: Be completely familiar with the current real estate market.

For the sake of negotiations, knowing recent comparable sales data isn’t always enough because often they don’t give the complete picture. As an example, two houses might have both sold for $300,000 but the owner gave one buyer a $20,000 seller credit for a new roof and appliances. Local brokers who are familiar with the details of recent sales are able to provide the best negotiation advice.

Step 4: Understand all of the terms you are offering.

You are confident that your property is going to sell at a satisfactory price, but instead of starting out with an inflexible amount, consider the property sale as a combination of price and terms. For example, it might make more sense in a slow market to help to offer to pay some of the buyer’s closing costs by offering a “seller contribution” instead of lowering the price of the property. Often the seller contribution could be significantly less than a reduction in price. Also, buyers who require cash to close the sale could find that more attractive causing your place to sell over your competition.

Step 5: Request a smaller deposit.

In order to create a legal contract, the buyer needs to make an “earnest money deposit”. In an ideal marketplace, a seller will receive a large deposit, but in a challenging market, a much smaller can be accepted. Buyers generally prefer to put down the lowest possible deposit because a huge deposit indicates a big financial and psychological commitment. You can ask for a lower deposit if the buyer has mortgage pre-approval or if the buyer shows a strong interest in the property and you have no other offers.

Step 6: Try to sweeten the pot.

Are you really planning to take large items like a swing set, sun awning, or washing machine? In certain cases it may be better to leave such items for a buyer to make an offer.

How to Price a Property correctly - Sell Real Estate FASTStep 7: Keep your photos updated.

For example, if your MLS photo shows snow around your home in the middle of the summer, potential buyers will know your house has been on the market a while. They may interpret that as a bad sign and will expect to submit a lower initial offer. Make sure your broker posts recent photographs.

Step 8: Fully understand the marketing plan.

The broker’s marketing plan should be reviewed quite often to see that it is being followed and is changed whenever it is needed.

Step 9: Check out the competition (open houses).

Going to open houses, also known as your competition is a great idea. It isn’t always easy to be objective. However, do other owners have selling ideas that might work in regards to your home? Is there something you can
use to bargain with? You could consider offering to do some painting or other cosmetic repairs.

Step 10: Don’t nickle and dime, keep everything in context.

Don’t worry about nickels and dimes when your main goal is to get the house sold. For example, before closing the deal, a seller had a buyer request an extra $500 to resolve last minute repairs that were discovered. That gesture seemed like nothing more than a case of buyer’s remorse, so the seller agreed to it, received an otherwise ideal price, and closed the sale. It wasn’t long before the prices softened in the local market. It was better to lose $500 than to find another buyer later when the market was lower and the final sale price would probably have been less by several thousand dollars. Would the seller have preferred to save that $500? Certainly. However, six hundred dollars was a small price to pay considering that the delays could have meant a big reduction in price (and getting stuck with another mortgage payment).

If you would like any additional information or have any questions, please contact us anytime.

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
Top Tips For Writing Purchase Offers – Buy A House And Write The Perfect Offer When You Buy Your Next Property!

In this post we reveal the Top 9 Tips for Writing Purchase Offers

So you’re ready to buy a house? First off, a BIG congratulations!BusinessSuccess5

Once you have your financing in order (or cash), the next step in buying property is writing up an offer.

Often times people don’t realize how important the offer contract can be when buying real estate. If you have a poorly constructed offer it can cost you getting the property you want, while at the same time a well written offer can get you the property you want at the price you want!

Try using following tips as a guide to creating a great offer:

1. Get the right Contract

This might seem basic, but there are several purchase contracts out there. Each state has its own rules and regulations and each contract is written differently. Realtor associations publish purchase contracts. If you are looking to buy in California, please contact our team and we will help you get set up with the correct forms.

Some example purchase contracts would be:
–New Construction Residential Purchase
–Agreement Notice of Default Purchase Agreement
–Residential Purchase Agreement
–Residential Income Property Purchase Agreement
–And many more

2. Determine what price you want to offer

Take a look at what comparable properties have sold for along with the current market conditions and come up with what you think is a fair offer price. TIP: Initially offer about 5-8% less than you expect to pay, this will give you some room to negotiate and possibly get an even better deal. Once you submit the offer be prepared to move quickly, in today’s market the good properties are being sold very quickly.

3. Put down a deposit

You will need to make a “good faith” deposit. This deposit will generally be cash, personal check, or cashier’s check. On average the deposit amount should be at least 1% of the sales price. This money (proof of funds or a copy of the check) will be submitted with your offer.

4. List your Financing Terms

Disclose the type of financing you hope to obtain(if you are not paying cash): Include the amount of money down and the type of loan (conventional, FHA, VA, contract of sale, assumption or other). Please remember that your deposit, when added to your down payment and financing should equal the total paid.

house with cash5. Include Contingencies

Contingencies are: Conditions or “safety valves” written into your Real Estate offers that protect they buyer from buying a house that is unsatisfactory (either structurally or financially)

Many contracts also carry provisions for contingencies as: Appraisal (California gives 17 days to complete all inspections) Loan Funding Physical/Home Inspections.

6. When do you take possession of the property?

Spell out the possession date. Is it on closing? A day after closing?

If possession will be prior to closing, enter into a rental agreement to protect all parties. If possession is more than two or three days after closing, execute a rental agreement to protect the buyer.

7. Negotiate Who Pays the Fees

Even though most contracts call for fees to be negotiable, some fees, depending on your state, are customarily paid by one party or the other. You can define who pays fees such as title, escrow, and county or city transfer taxes. In most cases the Seller will pay the fees.

8. Request Special Reports

If you are concerned with any part of the property, ask for a Special Report Upfront. Example Reports: Termite Report, Lead based paint report, and Mold inspections

9. Clearly State Expiration of Offer

Clarify when the offer will expire. You will want to give the seller enough time to make their decision, but not to take their sweet time.

If you would like more information or have questions on how to write up a perfect offer please contact me anytime!

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch
How Does Short Sale and Foreclosure Affect My Credit Score?

How Does Short Sale and Foreclosure Affect My Credit Score?

Well, the Credit Impact for a Foreclosure vs Short Sale can be dramatically different.bigstock-The-house-in-human-hands-17017331

In a challenging market, many homeowners are faced with the decision to try a short sale or just let the property go to foreclosure.

Below are some points to think about when dealing with this subject.

If you have questions on whether missing mortgage payments and selling your property for less than the full amount you owe on it(short sale) will hurt your credit score, the answer is yes.

HOWEVER, that being said, the credit damage done by a short sale is significantly better than a Foreclosure or Deed in Lieu. In a short sale it does not show up on your credit report as long nor is the impact as severe as a foreclosure.

Take a look at some of the most common questions….

Question 1) When will I be able to buy another house? (Primary Residence)

Short Sale: Homeowner is eligible for re-purchasing in 2 years

Foreclosure: Homeowner is eligible for re-purchasing a primary residence in 5 years

Question 2) When will I be able to buy another property? (Investment Property)

Short Sale: Homeowner is eligible to purchase an investment property after 2 years

Foreclosure: Homeowner is eligible to purchase an investment property after 7 years

Question 3) On future loans will I have to disclose what happened with my house?

Short Sale: There is no disclosure required for a short sale

Foreclosure: On any future loan applications (1003 mortgage) when they ask, “have you ever had a property foreclosed upon…” you will have to mark YES, affecting what programs will be available to you and interest rate that you would qualify for.

Question 4) How will my Credit Score be affected?

Short Sale: Only late or missed payments on the mortgage will show up as derogatory items on the credit report. After the sale is completed the mortgage will report as paid or settled. Short Sales can affect your score differently depending on how many payments are missed, sometimes as little as 50 points. A short sale will have an affect on your score for approximately 18-24 months.

Foreclosure: The credit impact of a foreclosure is MAJOR and can reduce your credit score anywhere from 250-300 points and stays with you on your report for 7-10 years.

Question 5) How will my Credit History be affected?

Short Sale: Short sales are currently NOT reported in the credit history of a credit report. The loan is generally reported as “paid off, settled”

Foreclosure: A foreclosure will remain as public record on a homeowner’s credit history for 7-10 years, sometimes even longer.

For all the information on Fannie Mae’s guidelines, go to…https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf

If you would like more Free information on Short Sales and foreclosures, please contact us anytime.

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

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

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch