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Adelaide, CA Real Estate News

By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Return to the REALTOR®”s office or stop at a coffee shop to write your offer.The office may be a long distance away, so may stop at a coffee shop or diner instead.  Besides, all this house hunting has made everyone hungry so maybe you’ll get a bite to eat while writing up your offer.Or you can go back to your top property if it’s vacantInstead of stopping at the office, you can just go back to your top #1 property if it is vacant, and write the offer there.  It’s a great feeling to be sitting inside your new home while you write the offer on it; and, while you are there, you may see appliances or items that you need to include in your offer.  It may also trigger additional questions.  However, remember that a vacant house will have NO table, NO chairs, and maybe even NO electricity (whi...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Adelaide  CA and 100% VA Loans -the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. So how do you qualify for a VA Mortgage Loan in Adelaide CA? The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved Windsor  CA VA mortgage loan lender to order your COE q...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Which documents do you need to submit to your mortgage lender?  At the minimum, you will need: 2 current pay stubs 2 current bank statements 2 current tax returns Be prepared with your employer’s name, address, and phone number of the human resources department. In addition, you will need your landlord’s name, address, and phone number.  Your landlord will be asked to complete a form asking if you have paid your rent on time.  Be prepared to show receipts or bank statements that prove you paid your rent for last 12 to 24 months. To meet the qualification requirements, your lender will ask you to provide documents.  Remember that each borrower will have to meet all the requirements and provide all their documents. TIP: Every time you get a new paycheck or a new bank statement, you will n...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Confusing?  Here’s a quick rundown of agent terms:Agent - An agent is a person who is hired to work on behalf of another (the agency relationship should always be in writing).  An agent has a fiduciary duty to act in their client’s best interest.  A person who is hired as a real estate agent must be licensed as either a Salesperson or a Broker.Real Estate Salesperson - Sales agents are licensed and regulated by the state.  Sales agents are required to work under the supervision of a real estate broker.Real Estate Broker - Brokers are licensed and regulated by the state.  Brokers can work independently, hire Sales agents to work under them, or work under other brokers.  All real estate offices must be supervised by a broker; even corporations dealing in real estate business must be licen...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Your house is the largest purchase you’ll make.  Protect yourself — have the house inspected by a professional for the following: FOUNDATION. Are there cracks which might indicate a foundation shift or leakage into the basement or duct system?  What about termite or other pest damage? ROOF. How old is the current roof?  Are there shingles that need replacing or repair?  Look at the house’s ceiling for signs of water leakage. ELECTRICAL. Have all outlets and circuits checked. PLUMBING. Are all faucets and drains working properly?  Check for leaks under sinks and garage or anywhere pipes are–visible or not. WINDOWS AND DOORS. Do all windows and doors close properly and seal tightly?  Do all doors hang at the right angle or do some sag? HEATER/AIR CONDITIONER. How old are they?  Run both t...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Condominiums and CIDs / PUDs typically have HOAs, CC&Rs, and additional rules, which residents must follow.CC&Rs stand for Conditions, Covenants, and Restrictions, which are formal rules that govern the homeowners.  The CC&Rs are often filed in the public records with each property recording when the home is first built and sold.  The new home developer is responsible for creating the CC&Rs and getting them approved before selling the house to the home buyer.HOA stands for Home Owners Association.  Each homeowner is a member of the HOA and is required to pay dues.  HOA fees may include the cost to maintain the common areas, utilities, liability insurance, and staff salaries. The members elect a Board of Directors to govern the HOA, and often hire a property manager to perform the daily ...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
In today’s real estate market, it is cheaper to own a home than to rent in 98 of the top 100 metro areas of the United States, according to a recent article published by The Huffington Post (Kavoussi, 2012).  That is truly astounding!  In most places in America, a mortgage housing payment often costs the same or less than rent.  While home prices won’t stay this low forever, any time is a great time to buy if it makes financial sense for your family’s budget, http://tinyurl.com/dy2wjx4.     What is great about America? It is the American Dream, of course. It is the idea that we are in control of our own destiny, free from harsh government sanctions as in some other lands.  It is the rights and the freedoms that so many other countries do not have. Sometimes we take our basic values for ...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Magic of the 90-day pipeline Whatever closings you have today are the results of the activity you did 90 days ago or longer. A lot of real estate agents don’t realize that when they get their license.  They’re not  immediately going to start and make some money.  They don’t realize that it’s a relationship business.  The transaction time and the incubation time are a lot longer than they think. As soon as you close an escrow, you’re out of a job (until put another in escrow) We close an escrow, and we get paid and we go pay our bills and now we look around and we’re broke and we have no job again. To have continuous paydays,  keep your pipeline full! The importance of keeping everything in a pipeline is to stuff that pipeline full of closings and potential closings so that when one clos...
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