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.orangecountycashortsales.com
714-955-1932
Carlos, what do you mean lots of luck.....? You should have written and a real estate Professional who is willing to ago the extra mile and get you the property you want or something like that? There is no luck in buying a home it is all skill and knowledge. I am sure you have a ton of short sale professionals in your office and maybe even a processor. It you would like a free presentation for you and any associates you may know, I teach all about Short Sales and Shadow Inventory! I would love to help you make more money!
Sharon
Short Sale Resolution Network