Orange County Short Sale Specialist

 Buying A House In A Down Market Orange California Tip 3 

 Look out for Motivated Sellers
 Some homeowners may want to sell their homes in a hurry. This gives you additional bargaining power. In a situation like this it makes sense to ask if the seller will throw in the lawn mower, furniture or fixtures that you like. You can also ask the seller to cover closing costs in total or in part. Of course, the listing price is always negotiable as well.

Here are a couple of signs that the seller is motivated: 

• The home may have been on the market for several months and has undergone several price reductions.
• At the showing the home is empty, which suggests the seller has moved and may be holding two mortgages.

It's very difficult to determine exactly how much leverage you have in any given situation - after all, there are many reasons why someone could be selling. However, your agent can give you a general idea of the seller's motivation. An agent has access to the Multiple Listing Service and can track down the original list price versus the selling price for similar homes in the area. The agent can also find out how long the house has been on the market and determine any price reductions that have occurred.

Many states make deed records and home-sale information available to the general public on the internet. This information will tell you what the seller paid for the home, which, in turn, tells you how much profit the seller stands to make if he or she gets the asking price.

For More information visit www.carlmorales.com

AVOID FORECLOSURE, ALLOW A CERTIFIED DISTRESS PROPERTY EXPERT REAL ESTATE AGENT TO HELP EVALUATE YOUR OPTIONS

•v     Are You Going To Fall Behind Your Mortgage Payment?

•v      

•v     Have You Received A Certified Letter From Your Lender or Servicer?

•v      

•v     Are You Going Through Any Hardship Situation That Is Contributing To Miss Your Mortgage Payment?

•v      

•v     Are You In Pre-Foreclosure or Foreclosure Procedures?

•v      

•v     Have You Received Correspondence Of Notice Of Default?

•v      

•v     Is Your Company Relocating You Or You Need To Relocate?

•v      

•v     Not Enough Equity To Refinance or Sell?

No matter what your current situation is, my team and I are ready to help you overcome even the toughest situation.

Let's work together to analyze your current financial condition, prepare the BEST strategy to either keep your home or rescue your credit history from taking a great and LONG lasting DAMAGE.

We are specialist in this subject matter, you ARE not alone, and the worst you can do is not to call 714-955-1932. The call is FREE, the Consultation is FREE, Our help is FREE, Our ALLIANCE is FREE, BUT OUR EXPERTISE AND SUPPORT TO YOU IS PRICELESS.

www.orangecountycashortsale.com

DRE Lic# 01706745

What Benefits Will You Get After Working With Us?

THE NUMBER ONE "UNO" BENEFIT IS

You will be calm and stress FREE

•·       IF You Decide to Sell:

•·       You Credit will take less Damage than if you wait to be foreclosed.

•·       You will be able to buy another home is 2 years instead of 7.

•·       You will save thousands of dollars in credit cards and other loans interest rates.

•·       We are in control of the sale transaction.

•·       Your lender will pay our commissions.

•·       YOU WILL SAVE YOUR PRIDE

Call Carl Morales today at 714 - 955 - 1932 to schedule an appointment.

Not ready to call? Send us an email cmorales@ochomes-estates.net

TEXT Messages are WELCOME "714-955-1932"

Remember: You are not alone and we are here to help.

www.carlmorales.com

www.orangecountycashortsale.com

 Buying A House In A Down Market Orange California Tip 2

Tip No.2 - Get Prepared, Orginized and Planned.

Keep in mind, you are probably not the only bargain hunter looking to steal a good deal out there. You may have an edge on the sellers, but another buyer could snap up your great deal if you delay the buying process or if you try to knock down the seller's too much. To make sure that you're able to pounce on a deal at a moment's notice, it makes sense to get pre-approved for a mortgage and to have an attorney on retainer to handle the closing paperwork, in California it is very common to have Escrow companies to handle this costs and paperwork. (To learn more, see Pre-Qualifies Vs. Pre-Approved - What's The Difference? and The Benefits Of Using A Real Estate Attorney.)

It also makes sense to line up a home inspector and an insurance agent. These professionals provide valuable information and let a buyer know early on in the process, during the attorney/escrow review period, what items might need repair as well as what the home will cost to insure.

Do all this investigation with each pertinent party, do not rely only on your realtor, even though we have the duty to assist you and provide you with a full disclosure of the property conditions and neighborhood, you are the investor and if you have a particular concern about neighborhood, streets, house, etc. do hesitate to conact the pertinent entity, we can help you to get in contact once you let us know what you want to find out.

For more information I invite you to visit my website www.carlmorales.com or send me an email at cmorales@ochomes-estates.net you can always call me or text me at 714-955-1932

Thank you all have a great day and don't forget to comback tomorrow for the next tip.

Carlos

Comprar mi Casa en Orange County California

Que tal amigo, se quiere usted Comprar su Casa en Orange County California necesita leer esto y estar bien preparado.

Seguramente si esta ya interesado en hacer su compra ya sea por primera vez o no se pregunta como esta le mercado?, que necesito para comprar ahora?

Pues bien sin hacerle perder mas su tiempo, he puesto una lista de recomendaciones que usted debe seguir para que realice con exito su compra.

1) Consulte con el banco de su preferencia por cuanto lo pueden calificar (Prequalification letter). el Banco le pedira cierta documentacion, (mas tarde hablare de ella) para poder darle us carta de aprovacion de credito.

2) Entreviste por  lo menos a 3 agentes de bienes y raices, Por que?, por que muchas veces los intereses de usted no son los intereses del agente, y lo pueden mal informar, o hacerle perder su tiempo. Serciorece que su agente entendio lo que usted necesita, lo que usted busca y revice el plan de compra que el agente le sugiere, si no se siente agusto trate de platicarlo con el agente y si no hay un acuerdo mutuo consulte con otro agente.

3) Viste Open houses, la finalidad de visitar open houses es para que usted vea de cierto modo el inventario de casas, la calidad, condicion, precio y vecindario. De esa manera usted y su agente pueden hacer la busqueda de casa mas inteligente y perder menos tiempo para encontrar su casa.

4) Revice que los fondos para su enganche (down payment) estan listos y disponibles para cuando su oferta sea aceptada.

5) Una vez que encuentra su casa, haga su oferta, en ella se debe de incluir lo siguiente:

     5.1.- Contracto firmado por todos los compradores

     5.2.- Copia de su carta de aprovacion de credito bancario.

     5.3.- Copia de su primer pagina del reporte de credito.

     5.4.- Copia de su estado de cuenta bancario comprobando su enganche.

     5.5.- Copia de su Deposito para abrir escrow.

Lo invito a que vaya a mi pagina de internet o me escriba un email o mandeme un text message si tiene alguna otra pregunta.

Tambien visite mas seguido mi blog, todos los dias tengo sugerencias y comentarios importantes para usted.

Gracias

Carlos Morales

714-955-1932

www.carlmorales.com

www.orangecountycashortsales.com

cmorales@ochomes-estates.net

Buying a house in Orange County California

Hello

If you are a buyer or prospect buyer and wonder about how the real estate market is doing? or what would you need in order to buy your house in Orange County?

This information is for you.

FOR FIRST TIME HOME BUYERS

This is without any questions a very interesting market, lots of things are happening for good and bad for you as a buyer needs to be very well informed so you can take the steps to succeed in your housing quest.

1.- Obtain a pre-qualification letter from a direct lender (WellsFargo, CHASE, Bank of America, etc.)

2.- Interview at least three real estates, find out how can they help you, what buying strategies they suggest you to follow and work with the one that best suits your needs.

3.- Have your Down Payment ready, (the more the better) even though you can get a house with a little as 3.5% down payment, in a sellers market (which is the case of Orange County) if you have more down payment don't be afraid of putting it down, that could make the difference between you getting the house or not.

4.- Drive by open houses. It is important you work with a Real Estate Agent prior to begin visiting open houses, why? you may get confused with other agents comments. if you are only visiting open houses to find the house you want, it may take you months to find it.

5.- Once you and your realtor found the property you want, write down an offer and have ready all the documentations you need

      5.1.- Purchase Contract

      5.2.- Copy of your Pre-qual letter

      5.3.- Copy of your first page of credit report

      5.4.- Copy of your Bank Statement showing your down payment.

      5.5.- Copy of your Good Faith Deposit Check

      5.6.- and  lots and lots of luck!

Ok. Keep checking my daily postings for buyers, you will find more information like

a) What do you need to prepare before going to any Bank to get your pre-qual letter.

b) How to select a good Real Estate

c) How to find the house?

See you soon

Carlos Morales

www.carlmorales.com

www.orangecountycashortsales.com

714-955-1932

cmorales@ochomes-estates.net

Hello!

One of the greatest places to move into in Southern California is without a question Newport Beach.

In this occasion I'd like to speak about The Harbor View Community, isn't it great?

well, if you are a buyer and are not very sure about this community, I invite you to visit my website at

www.carlmorales.comyou will find plenty information about the Newport Beach City, and if you would like to search for any specific residence in the Harbor View Community, just go ahead and customize your search in my website.

If you are thinking or someone you know is thinking on moving to a quite and prestogious neighborhood in Southern California, I'd would like to recommend you to drive by or to schedule a Caravan with me to visit the harbor View Community, most commonly known as the ports streets.

Talk to you soon

Carl Morales

Email: cmorales@ochomes-estates.net

www.carlmorales.com

714-955-1932

What is better deal a Short Sale or a Foreclosure?

 The answer to this question will depend on what are you looking for, but I can explain you some of the facts you need to remember on each of the cases

 Foreclosures

 •1)      Very often the homeowner is upset about the foreclosure and they have taken their anger on the property by destroying it and sometimes the damage is not at a glance.

•2)      In a foreclosure home you are against the clock, meaning, if you don't close in time, in most cases the lender is going to charge you a per diem for every day you delay the escrow.

•3)      There are very few cases where the lender is willing to credit some money to the buyer because of the house conditions.

•4)      Multiple buyers will be jumping to buy that house, just because is a "Bank Owned" so you will enter in a bidding competition.

•5)      You don't know what could happen after closing of escrow.

 Short Sales

 •1)      The entire process takes longer than a foreclosure, but when the short sale is handled by a Short Sale Specialist, it may take a little less time.

•2)      The condition of the property is very often better than a foreclosure.

•3)      Normally there will be less competition than a foreclosure.

•4)      Very often the seller's lender is willing to cooperate more with the buyer.

•5)      There will be no hidden facts about the property since the home owner lives there and he will be able to disclose and transfer the property to you like any other standard sale.

If you are on the market and you don't know what is better, contact me:

I will happily answer to all your real estate questions, visit me at my website

    www.carlmorales.com

Thank You

Carl Morales

714-955-1932

This is the question that pretty much everybody have in their minds, and its not only within the Irvine community but in general all orange county, How is the current market doing?

Well, several of my colleagues and I have agreed that in Orange County the buyers have left the bench and now they are buying, in the last 3 months we've seen an increasing trend on prices, inventories getting narrowed, multiple offers on properties that you would think will not sell, and the most amazing and unbelievable fact, CASH Buyers offering more money on listings.

For years, it was custom that cash buyers offered less money of the current listing price or in some cases less than the current market value, since they were cash buyers, the transaction is more secure and easy than one with a loan contingency, but now, in today's market we can see cash buyers battling with one another to win a property, this is with no question an unbelievable time in real estate.

If you are wondering, should I buy now? should I wait? let me tell you something, if you are waiting for prices to come down, forget it, even though no one can ensure the future, the markets speaks by itself, it is moving and its moving very fast.

Just to give an example on how fast this market is moving, in January 2009, I closed escrow with one of my clients in garden grove, he bought a 5 bedrooms and 3 bathrooms home for 350,000  recently we made an appraisal on the property and it went up to 450,000! Can you believe that!

Don't waist your time any more, if you are thinking on buying a property, do it now!

Prices still are affordable, interest rates are low and the inventory is running out!

for comments or more information please link the address below.

www.carlmorales.com

or send me an email at cmorales@ochomes-estates.net

Thank you

Carlos Morales