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San Diego Free Home Search Tutorial

TRY SEARCHING HOMES NOW, CLICK HERE

Whether you’ve been looking for the perfect home in San Diego for some time now or have just started your search, our team here at Big Block Realty would love to help you find exactly what you’re looking for! One way to get started is with our free online home search tool.

You can use our free home search tool in several different ways. One way to search is by city name. This lets you enter a city name and then see a map of all the homes for sale in that geographic area. Want to refine your search? Our tool lets you do that too, customizing your search to your exact specifications.

Maybe you only want to search for 3-bedroom houses. Our tool allows you to pick and choose home features that are important to you. There’s nothing more personal than your home and the process to finding that home or property doesn’t have to be stressful.

With our easy-to-use free online home search tool, you’ll be viewing houses that meet your needs at the swipe of a finger or click of a mouse. Large photos make the tool more visually appealing and if you see something you like, our tool allows you to schedule a home showing directly from the site!

From helping you find the perfect home to writing that perfect purchase offer, our team here at Big Block Realty will be with you every step of the way!

To learn more about your options in the San Diego area for older homes as well as new or if you 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

 

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Posted in FreeSDHomeSearch
M2I Homes For Sale. Get A Great Deal In M2I – Downtown San Diego

M2i San Diego Downtown Condo for saleM2I Homes For Sale. Get A Great Deal In M2I.

Find in-depth information about M2i San Diego including active listings, recent sales info, amenities, features and finishes.

M2i is located at 1050 Island Ave & 527 10th Ave. San Diego, CA 92101. Come make M2I your new San Diego home today!

Available Now @ M2ihttp://freesdhomesearch.com/index.php/downtown-san-diego-condos-for-sale/

M2i is a two tower complex encompassing the East Village city block bounded by Market Street and Tenth, and Eleventh and Island Avenues. Developed by CityMark, a company whose downtown works includes Fahrenheit and Doma, M2i features 77 lofts and shop-keeper units.

Some highlights of M2i’s unique styling include Mondrian-style wall elements in both the lobby and the fitness center. A lush courtyard, rooftop deck, and gated parking complete the list of community amenities.

M2i boasts floor plans that are “thoughtfully unplanned.” The open floor plans give one freedom to add or move walls. Floor-to-ceiling windows, 11 to 14-foot ceilings and skylights and private decks are found in most units.

The lofts at M2i range from 860 to 1,487 square feet. Two-story one-bedrooms range from 814 to 1,372 square feet. Town homes and live/work suites are also offered. With Petco Park a block away, Starbucks downstairs, and the Gaslamp Quarter in your backyard, M2i offers a key location, unique style, and flexible floor plans for the in-the-know urban dweller.

Search All M2I Downtown San Diego Condos For Sale. Full Unit Details and Photos Herehttp://freesdhomesearch.com/index.php/downtown-san-diego-condos-for-sale/

Available for showings daily.  Don’t hesitate, Call:

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

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, Hillcrest, 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

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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

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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

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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

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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

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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

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Posted in FreeSDHomeSearch
Short Sales- A better way to sell your home and avoid Foreclosure

Short Sales- A better way to sell your home and avoid Foreclosure!:

The effects from the last market can still be felt today.

Nearly 20% (9 million people) of homeowners across the US are “upside down” on their mortgages. Meaning, they owe more on their mortgage balance than their properties are actually worth.

Short Sales and Real Estate San DiegoSome people thank that they should just walk away and give up their home to foreclosure…

But Hold On!

There is light at the end of the tunnel…

There can be some big time benefits to doing a Short Sale rather than a foreclosure.

To the homeowner there is little difference because either way they will be a walking away from a depreciating asset

BUT the benefits of a Short Sale are in favor of the homeowner.

Let me explain,

Credit Impact: For starters Short Sales affect a person’s credit significantly less than a foreclosure (most of the time, please contact a professional to examine your case individually). Someone who “Short Sells” a property is more likely to qualify for a new mortgage in as little as 12-24 months, whereas a foreclosure and/or bankruptcy will haunt someone for up to 7 years. Depending on how many late payments (if any) are missed during a short sale, will determine how much your credit drops while a foreclosure will leave a massive mark.

Stress: On top of the credit impact most people never talk about the effect on homeowner’s moral when they are going through a foreclosure. It’s never a good feeling for someone that is just watching the bank take their their house away. With a Short Sale, the homeowner will have more time to make moving preparations and the lender will work with you to come up with a resolution.

Homeowner Help: In a Short Sale the homeowner is 100% involved in the process, making their own decisions with the help and guidance of a Short Sale Professional (contact us today for assistance). The Short Sale specialist will handle all communications with the lender, as well as market and sell the property with the help of an Real Estate Agent. This allows the homeowner a great alternative to foreclosure and is a very dignified way to sell a property!

If you, or someone you know is upside down on a property or facing foreclosure contact a Short Sale Specialist once they have missed at least one mortgage payment or decide you need to sell.

We would gladly help if you need any assistance.

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

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Posted in FreeSDHomeSearch
Understanding The 3 Step California Real Estate Foreclosure Process

Understanding The 3 Step California Real Estate Foreclosure Process…

In this market, there are many challenges for homeowner that could cause them to fall behind on their mortgage payments. It could be anything from job loss to a death in the family.

man_question_markWhat ever the reason is, as you fall behind on the payments you have state regulated guidelines that the lender must follow before they can foreclose on the property.

In a recovering market another potential scenario is when a homeowner needs to sell but the value of the house is “upside-down”, the market value of the home is actually less than the amount owed on the mortgage. In this scenario you could try a short sale, however if unsuccessful the threat of foreclose becomes real.

Foreclosure is the proceeding in which a mortgage holder, bank or other secured creditor sells or repossesses a real property after the Homeowner has failed on the terms of their agreement (a mortgage or a deed of trust).

Whatever the reason, after consistently missing payments the lender will usually consider the loan in default and begin with the foreclosure process. The Lender will have the right to sell the property or even call the loan due.

In California short sale / foreclosures have 3 steps in the timeline towards the property being sold.

1. Notice of Default (NOD):
A Notice of Default is a public notice given to the homeowner. It could be posted on the window or door, or mailed. When a borrower is in default, or behind in mortgage payments, the lender will attempt to collect by any means necessary, including seizing the home. In California lenders usually do not file an NOD until the homeowner is at least 90 days behind in payments. At this point many homeowners will try a short sale to avoid the property going to foreclosure.

2. Notice of Trustee Sale (NOTS):
A Notice of Trustee Sale is a public notice, given to the homeowner and published in a newspaper communicating a date for auction. This is also generally posted on the door; it is generally at least 21 days before the sale takes place.

3. Auction:
An auction is a public place, usually a courthouse, where properties are auctioned to the highest bidder.

Contact us today if you have questions or would like some assistance.

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
“Helping You Win In This Market”
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

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How to Buy A Property – “I’m ready to Buy a Home… Now What?”

How to buy a property

So you are ready to make a move?

With prices still about 30% below average.  Now is the right time to buy real estate.  If you’re like us here in San Diego, the market is tight so you’ll want to consider these strategies to make the home buying process easy and smooth.

1) Stay Calm – Patience will go a long way.  Don’t spend more than you can really afford.  Buyers can get caught up in the hype, and that can sometimes put pressure on buyers to spend more than they anticipated.

2) Make Your Best Offer – When bidding on a home with multiple offers, you need to come to the table with your best foot forward.  Don’t be afraid to offer an increased deposit and ALWAYS make sure you submit your offer with a pre-approval letter from your mortgage lender and your proof of funds.  Pre-approvals are an absolute must and without them your home buyers offer will be much less likely to be accepted.

Keys3) Check Your Credit First – Before you set off to look at houses, discuss your credit report with your mortgage lender.  Small discrepancies on your credit report can mean the difference of thousands of dollars.  A little known secret is that a simple Open/Closed discrepancy can be fixed with minimal effort in less than 30 days.

4) Account For Assets –  Be prepared for a strict underwriting process.  Mortgage lenders need to see a consistent income.  They will want to know where your money is and how much you’re spending per month, including the things you’re spending your money on.  Don’t purchase a car or change jobs or do anything significant that affects your income while obtaining financing for a new home purchase.  Always ask your mortgage professional about the do’s and don’ts.

5) Offer A Large Down Payment –  The larger your down payment is, the better.  A down payment of 20% or greater is a plus and will not go unnoticed. The larger your down payment is, the less likely you will run into issues with financing.

6) Write A Nice Letter To Go With Your Offer – This is a great way to stand out from the competition.  Assuming all things are equal, sometimes a nice letter from the heart written directly to the sellers explaining why this home is a perfect fit for your family can go a long way.  Buying and selling real estate is an emotional experience.  Families grow attachments to their home and it makes sense that the sellers will want to see a nice new family they can relate to buy their home from them.

7) Find A Good Agent – An experienced real estate agent will bring you knowledge about the home buying process.  Good agent’s will also make the home buying process enjoyable and smooth for all parties. (We would gladly apply for the job)

For any and all your real estate needs, don’t hesitate to reach out to The Home Team.

Real Estate Experts Sandro Natale, Oliver Graf, Sam Khorramian

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!
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

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Posted in FreeSDHomeSearch