PLEASE NOTE, THAT WE SELL HOMES IN THE LOS ANGELES, SAN BERNARDINO, ORANGE AND RIVERSIDE COUNTIES OF THE STATE OF CALIFORNIA, ONLY. PLEASE ALSO NOTE THAT WE MAKE LOANS IN THE STATE OF CALIFORNIA, ONLY. LICENSED BY DE DEPT. OF REAL ESTATE OF CA. BROKER # 01133705 PLEASE, LEARN ABOUT US. WE ARE PROUD OF OUR SERVICES. READ THE SECTION 'ABOUT US'.
PLEASE TAKE NOTE THAT WE DO NOT SELL THIS INFORMATION TO ANYONE! OUR COMPANY ADHERE TO OUR STRICT PRIVACY POLICIES. (PRIVACY POLICY) ONE OF OUR REALTORS WILL CONTACT YOU, INITIALLY BY PHONE, IN A NEAR FUTURE. SUBMITTING THIS REQUEST CONSTITUTE YOUR FULL AUTHORIZATION TO CONTACT YOU! WE HONOR ONLY REQUESTS FILLED OUT IN FULL!
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| Click on the Bell and Start Your Pre-Qual _Process... |
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Dear First Time Home Buyer,
It is very common that the sellers, when they receive an offer for the purchase of their home, they require that the buyer(s) have an approved loan.
When the buyer(s) are able to present, with an offer to purchase a home, a letter from a lender stating that they have a loan approved, they will have better chances of obtaining the property against those who have not an approved loan. The sellers does not want to open an escrow that have good chances of no closing.
So, the first thing we strongly recommend our buyer(s) is to have a loan approved. You can start right now. It is easy, click on the web-site below, (or on the bell) and fill most of the requested information.
Sincerely,
Oscar Alfred Barker - Broker - 626.290.6569
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| The Job of the Appraiser: |
THE JOB OF THE APRRAISER
The answer to this question is in fact very simple: the Appraiser will establish, from the lender point of view, what is the actual value of the property, because the house is going to be the guarantee of the loan that the buyer needs to obtain in order to buy your home. The lender will not lend the money to the buyer if the value found of the property is lower than the agreed price in the purchase contract. In other words, the transaction will collapse.
To understand the importance of the appraisal, it is good to have a good idea of what happens to the loan after escrow is closed:
- The loan will be sold in the Secondary Market, to institutions such as Fannie Mae or Freddie Mac. This will provide to the lenders or banks with new money to make more loans.
- Fannie Mae or Freddie Mac will make large bundles of these loans that will be offered to investor of Wall Street. These securities, that are backed up by mortgages, will be sold around the world. The companies that would buy these bundles are Insurance Companies, International Banks and Retirement Funds of Europe.
This explains the purpose of the appraisal: which is to ensure that the loan that the buyer of your property is obtaining, is fully backed up and can be sold in the markets above mentioned.
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HOME INSPECTIONS
Homebuyers can perform the following inspections to the home they are buying:
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GENERAL CONDITIONS OF THE PROPERTY, ALL SYSTEMS AND COMPONENTS.
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LOT AND PROPERTY SIZE.
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TERMITE AND PEST INSPECTION.
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SOIL STABILITY. ROOF CONDITIONS.
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SEWER INSPECTION. WATER AND UTILITIES, WELLS AND COMPONENTS.
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ENVIROMENTAL PROBLEMS EARTHQUAKE AND FLOOD ZONES FIRE HAZARD AND OTHER INSURANCE ISSUES.
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PERMITS, ZONNING AND GOVERMENTAL REQUIREMENTS.
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SECURITY AND SAFETY.·
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NEIGHBORHOOD, AREA, SUBDIVISION;
PERSONAL FACTORS
We strongly recommend to our clients that they make all the corresponding inspection to the home they are buying, because it is very difficult to fully assess a home with only the initial inspection they make when the first saw the home. Our objective is that you buy a home that you know how the systems of the house are operating. Our objective is one to establish a long term relationship with our clients. This will be obtained when you are satisfied with our services. If you are satisfied you will recommend us to your family, friends and co-workers.
If you have any questions, please do not hesitate to call 653 0334 any day of the week and ask for Oscar Alfred Barker. If when you call we are not available, please leave your message. I promise I will return your call.
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| What Is the Job of the Escrow Office? |
WHAT IS ESCROW:
An Escrow Office is an impartial third party that follows the instructions of the buyers and sellers in order to full fill the agreements reached in the purchase contract.
This are some of the function of escrow:
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Receives the initial deposit of the buyer.
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Request from the title company the Preliminary Title Report. (This is a summary of legal and technical aspects that may affect the property.
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Request the pay off any debts that are affecting the property.
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Issues instructions to escrow that needs to be signed by sellers and buyers.
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Receives from the buyers the final deposit for closing of the transaction.
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Sent to the title company the Grand Dees & Dees for its recording
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Delivers an analysis to buyers and sellers of the costs of transaction.
As you can imagine, there is more information to provide here, however this message will become very long. If you want more information, you can call us to 626 653 0334 any day of the week and ask for Oscar Alfred Barker. If when you call we are not available, please leave your message. I promise I will return your call.
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| Great Service = Referrals!!! - Excelente Servicio = Referidos!!! |
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