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How I Serve Buyers

Congratulations! You have decided it is time to buy a home. Homeownership is the number one method Americans use to build wealth. What other investment can you live in while it gains value? Essentially you are the landlord and every month when making your house payment you are reducing your debt and building your wealth. Here are a few other benefits of homeownership.

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Heart Rock Hike – Camp Seeley, Crestline

 

Greater self-esteem. A first time homebuyer told me the day she closed escrow she went into the back yard and thought I own this land. There is a real emotional attachment with owning property and the freedom that goes with it. Studies have shown that areas with higher levels of home ownership are more stable and have stronger family units.

Sense of personal freedom. If you decide you want to paint the house, you can. If you decide to change the style, you can. In fact, you can transform your home to reflect your personal style.

Sense of belonging. Homeowners tend to be more involved in the community, which leads to more stable communities. They get involved with the schools their children attend and other community events. Some even get involved with the local governing board of directors and discover their leadership skills. Heart Rock Hike and discover their leadership skills.

 

 

The Internet has significantly changed how buyers shop for homes. Most view several possible homes on their computer before ever getting in the car. At some point, you want to visit potential homes. I will be happy to escort you on your tour and help you understand the process from start to finish. When you purchase a home you are not only buying a house, you are choosing your new neighborhood and community. I know Crestline and the surrounding communities and can provide insight about the different areas.

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Crestline is the home to Lake Gregory, nestled in the San Bernardino mountains. We enjoy the small town feeling and yet can be in hub of the Los Angeles basin in as little as 90 minutes. Crestliners’ enjoy four mild seasons and boast over 300 days of sunshine a year.

 

 

GET THE RIGHT LOAN FOR YOU

The first thing you must do is determine your price range, what payment amount you feel comfortable with and which loan is best for you. There are numerous lenders that specialize in financing mountain properties. I can provide you with a list of good lenders Crestline is the home to Lake Gregory,nestled in the San Bernardino mountains.We enjoy the small town feeling and yet can be in hub of the Los Angeles basin in as little as 90 minutes. Crestliners’ enjoy four mild seasons and boast over 300 days of sunshine a year. You may want to interview. Or visit the Important Number section of my web page. I have three great lenders listed there.

There are many different types of home loans. Here is a brief introduction to the most popular. I recommend shopping with at least three different lenders. Many people do not realize home loans are a competitive business and the cost of the loans will vary greatly depending on the lender. Once you have an idea of what becoming a homeowner is going to cost, you are ready to move to the next step. Here is a brief introduction to the most popular home loans.

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FHA Loans

Perfect for first time homebuyers with limited credit and minimum down payment. You can purchase with as little as 3.5% down payment. Seller is allowed to help pay closing cost

 

 

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USDA home loans

Yes! The US Department of Agriculture does offer home loans in rural areas. It is a zero down payment loan. Buyer must pay own closing costs.

 

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Veterans’ home loans

Available to honorable discharged veterans. VA loans have relaxed guidelines for qualifying and are zero down payment loans.

 

 

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Conventional financing

These types of loans are for the buyers with a larger down payment and longer credit history.

 

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Most people look at around 15 homes. But since most buyers pre-shop on the Internet, some only need to see one to know they have found the right home. When you are ready we will write an offer.

WRITING AN OFFER

The purchase Contract starts with a 10-page document. It is when you make a promise to the seller to do certain things and the seller promises to do certain things. In other words, once the seller accepts your offer, you promise to buy the home and he agrees to sell it to you at the agreed price and terms. It can be a bit confusing and frightening because it is full of terms like statutory disclosures, title insurance, homeowner insurance (what the heck is the difference!?) and contingency removals. Fear not. I know what all these weird FHA Loans Perfect for first time homebuyers with limited credit and minimum down payment. You can purchase with as little as 3.5% down payment. Seller is allowed to help pay closing cost USDA home loan Yes! The US Department of Agriculture does offer home loans in rural areas. It is a zero down payment loan. Buyer must pay own closing costs. Veterans’ home loans Available to honorable discharged veterans. VA loans have relaxed guidelines for qualifying and are zero down payment loans. Conventional financing These types of loans are for the buyers with a larger down payment and longer credit history. Terms mean, can explain everything to you and will only be a telephone call or text away when you have a question. Once the seller accepts your offer we open escrow.

ESCROW

When I was a little girl, I thought escrow was a mean sounding word. I never understood why people were happy when it closed; closing grandmas cabin for the winter was sad, but opening presents made me happy.

Escrow is when a good agent earn their keep. Once I sold a home to a preacher. After we closed he confessed. He told me, when we were home shopping he thought he could do it without me. But once we opened escrow, whoa! He realized how much he needed me as his agent to guide him through the process. Because land lasts forever, there is a strict protocol of how we proceed. It is not like buying a car where you sign a few things and drive off the car lot. If you are getting a home loan, most escrows on the mountain take 45 days to close. During this time the seller makes the home available for inspections and the appraiser. The seller will also tell you everything they know about the home, so you have a pretty good idea of exactly what you are buying.

At the very end, after all your stuff is packed up, ready to go, you will receive a call from me saying congratulations; you are now a homeowner and a you will receive the key to your new home. There is no better feeling than that.

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Please feel free to call me when you are ready to purchase your new home. I have 18 years experience and have the know how to make your dreams come true.

Rosemarie Labadie,

Realtor (909) 338-9995