Rj Home Goals

Sellers usually cannot consider new offers once the sale is pending, but you may be able to submit a backup offer.

DRE: 02049240
Heller The Home Seller | Movoto Inc

If you would like more details on this to save you money, contact us today 📲

DRE: 02049240
Heller The Home Seller | Movoto Inc

January’s Real Estate Report!

The San Diego County Real Estate Market Trends Report The median sales price for single-family, re-sale homes fell 0.6% from November. It was up 2.4% year-over-year. That is the thirty-ninth month in a row the median sales price has been higher than the year before.

Reserves shows lenders you will be able cover your mortgage should there be any changes in your income or an emergency 💰

Who’s Single Ready To Mingle 👀💍🔑

For example, an easement may allow someone to use a road on their neighbor's land to get to their own 🛣

Buying/Selling Real Estate is potentially the largest asset you will have. It’s extremely important you hire an agent that is well equipped in todays market! Call us today! ⁣
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Heller Real Estate Group!⁣
760-760-4114
DRE:02049240

If I told you there is a way to save on these costs would you be interested❓⁣
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When you buy or refinance a home, you will need to budget for closing costs. These costs are generally 2 to 5 percent of the loan amount and may include title insurance, attorney fees, appraisals, taxes and more.

Thinking Of Selling Your Home?

Do You Have A Will In Place⁉️⁣
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Individuals make wills for the purpose of deciding what happens to their property upon their death. Assets and personal effects are legally transferred to designated heirs or descendants. ⁣
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When a person dies intestate or without a will, the state where the deceased resided probates the assets. This legal process is known as probate. When a will is in place, the designated executor manages the probate process. In the absence of a will, state laws require that the court appoint an executor to assume the responsibilities of the property and affairs of the deceased. ⁣
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Property must be disposed of and the proceeds used to pay off all creditors, pay income taxes and property taxes. It is only after obligations of the estate are met that heirs receive any distribution. Probate sales are subject to court confirmation.

What Are Your Goals ⁉️

Usually 15 or 30 years 🏡

TIMING 🕒⁣
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Arrangement whereby the buyer, who is now the new homeowner, agrees to allow the seller, the now-tenant, to stay in the house beyond the close of escrow. Terms are negotiated prior. ⁣
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Usually to allow time for seller to find/move into new home.

Sign On The Dotted Line 🖊⁣
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When initially presented to a seller, this document is often called a purchase offer. Once the seller accepts (or the buyer accepts the seller’s counter offer), it becomes a legally binding sales contract.

☁️ TIP OF THE DAY ☁️⁣
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One of the many reasons home buyers need to have their financing in order prior to looking at homes.

Almost There ⏳…⁣
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During this time, the home is inspected, appraised, and the title searched for liens, etc.

Consult Your Realtor 🤳🏽⁣
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▪️ Home Warranty⁣
- includes things like HVAC, roof, appliances, pool, etc.⁣
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▪️ Home Insurance⁣
- shop around for different quotes to compare for the best deal ⁣
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▪️ Home Inspection⁣
- always highly recommend since you want to know the ins and outs of the home you’re buying ⁣
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▪️ Title Insurance⁣
- it is very rare that a buyer purchases a home without it.⁣
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▪️ Termite Inspection ⁣
- May not be required but highly recommended ⁣
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▪️ NHD Report⁣
- Natural Hazard Disclosure Report entails vital information to the surroundings of your home⁣
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▪️ Things specific to your property⁣
- i.e. septic certification

Need A Loan Officer 🧐

Preparation Phase 🗂⁣
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▪️2 years of Tax returns⁣
▪️Pay stubs from last 30 days⁣
▪️W-2s or other proof of income⁣
▪️2 months of Bank statements ⁣
▪️Credit history⁣
▪️Photo ID⁣
▪️Renting history

🏡📈⁣
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For example, increased market demand or inflation can cause property to appreciate.

P.M.I 🧾⁣
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A home buyer who makes less than a 20% down payment will most likely have to purchase private mortgage insurance on a conventional loan.

I Used To Believe It Was My Vision And Hard Work That I Earned My Blessings, But It Was GOD’S GRACE All Along 🤲🏽

Mine Mine Mine 📜⁣
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Ownership of real estate or personal property. With real estate, title is evidenced by a deed (or other document) recorded in the county land records office.

Selling Tip 🤝🤝

Under Distress 😥⁣
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This typically happens when the owner is under financial distress and is behind on mortgage payments. ⁣
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The owner is obligated to sell their home to a third party, while the proceeds of the sale go to the lender. ⁣
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The lender must approve the short sale before it happens. The process of a short sale can often take as long as a year due to the scale of paperwork involved.

In Some Markets Sellers Are Getting Higher Than Asking Price 😏

Approved ✅ Or Denied ❌⁣
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The lender reviews submitted documents to verify the borrower’s finances and other factors related to the home, such as the title search and appraisal, then decides to approve or deny the loan.

SELLERS OR INVESTORS 💡

Protection ❌⁣
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If a title dispute arises during or after a sale, the title insurance company may be responsible for paying specified legal damages, depending on the policy.