http://realtytimes.com/rtpages/20080616_washingtonreport.htm
Hi all,
Hey~ FHA is trying to take a swipe at the Hart and Nehemiah type programs.
If you are one of my buyers that have used this program to get your dream home you may want to let your Congressman know that you are excited about these programs and want to see them stay in place.
Happy House Hunting,
Karen
Monday, June 16, 2008
Saturday, May 24, 2008
Wednesday, May 21, 2008
Thursday, May 15, 2008
Monday, May 12, 2008
Buying your first house.
So you want to buy a house?
First you go talk to a loan person, hopefully my pal Craig at Wells Fargo. His # is 760-265-3423. Then you find out what you qualify for and match that to how much you are comfortable in paying per month. Make sure you start rounding up everything the loan people need.
Then go look for your dream home. (This could take 1 day or 6 months.)
Next you make an offer and go through the back and forth till you strike a deal.
Fill out paper work.
After you have an accepted offer, get your home inspected. Something will always be wrong, be ready. Ask for repairs or not. NOW...... you can start getting attached. Fill out more paper work.
You'll meet back with the loan people, more paper work.
Sign disclosures all from the other side of the transaction, get the escrow instructions, now you have someone else to fill out paperwork for, that is your hopefully your good friend the escrow officer.
Then if you are a NORMAL first time buyer, you start writing letters. why this, why that, your thinking who cares, well the loan underwriters do.
Make double, triple, quadruple sure you are on top of all the paperwork chasing you are doing for the loan.
You will hear, we passed termite and septic or not. Deal with that, more paperwork if there is a problem.
WOW!!!!!!!! You are still here.
SO FINALLY someone calls and says, come in and sign docs. That's the huge stack of paperwork that has scary things in it, like how much you will pay if you make 30 years of loan payments. Four little letters that really mean sign 4 feet it seems of paperwork. Good news is your about done.
These could be some really long long days, are you packing yet, I hope so.
Time to do the final walk through.
Next you'll hear the loan funded. I'm sure you are thinking I should have mentioned keys at some point right.
Now are all the loan conditions met? Everything fixed? Everything signed? This is no time to be losing sleep, you are moving soon. Now in a day or more....
Get ready, get set...........the words you have been longing to hear.
"YOU RECORDED!"
THEN you get your keys! Congratulations! You are now a home owner.
Ps The good news is the second one is less painful.
First you go talk to a loan person, hopefully my pal Craig at Wells Fargo. His # is 760-265-3423. Then you find out what you qualify for and match that to how much you are comfortable in paying per month. Make sure you start rounding up everything the loan people need.
Then go look for your dream home. (This could take 1 day or 6 months.)
Next you make an offer and go through the back and forth till you strike a deal.
Fill out paper work.
After you have an accepted offer, get your home inspected. Something will always be wrong, be ready. Ask for repairs or not. NOW...... you can start getting attached. Fill out more paper work.
You'll meet back with the loan people, more paper work.
Sign disclosures all from the other side of the transaction, get the escrow instructions, now you have someone else to fill out paperwork for, that is your hopefully your good friend the escrow officer.
Then if you are a NORMAL first time buyer, you start writing letters. why this, why that, your thinking who cares, well the loan underwriters do.
Make double, triple, quadruple sure you are on top of all the paperwork chasing you are doing for the loan.
You will hear, we passed termite and septic or not. Deal with that, more paperwork if there is a problem.
WOW!!!!!!!! You are still here.
SO FINALLY someone calls and says, come in and sign docs. That's the huge stack of paperwork that has scary things in it, like how much you will pay if you make 30 years of loan payments. Four little letters that really mean sign 4 feet it seems of paperwork. Good news is your about done.
These could be some really long long days, are you packing yet, I hope so.
Time to do the final walk through.
Next you'll hear the loan funded. I'm sure you are thinking I should have mentioned keys at some point right.
Now are all the loan conditions met? Everything fixed? Everything signed? This is no time to be losing sleep, you are moving soon. Now in a day or more....
Get ready, get set...........the words you have been longing to hear.
"YOU RECORDED!"
THEN you get your keys! Congratulations! You are now a home owner.
Ps The good news is the second one is less painful.
Saturday, April 26, 2008
What a great house!
Are you looking for a move in ready home?
This wonderful home is out of the hustle and bustle of the town, but close enough to everything, the new shopping and movies are minutes away, getting to Big Bear, a hop, skip and jump.
It's High Desert living at it's best and it could be your dream home.
Call me if you'd like to see it.
760-684-0250
This wonderful home is out of the hustle and bustle of the town, but close enough to everything, the new shopping and movies are minutes away, getting to Big Bear, a hop, skip and jump.
It's High Desert living at it's best and it could be your dream home.
Call me if you'd like to see it.
760-684-0250
Sunday, April 20, 2008
Tuesday, March 4, 2008
Friday, February 29, 2008
Need a Realtor?
Hey blog fans, It's Karen.
Just in case you have a comment or you want to see a house.
Get in touch.
I'm at Hamilton Landon GMAC in Apple Valley,
working for the world's greatest broker Jason Landon.
You can always call me on my cell 760.684.0250
or drop me an e-mail to
KarenSoldIt@yahoo.com
Happy Home Buying!
Just in case you have a comment or you want to see a house.
Get in touch.
I'm at Hamilton Landon GMAC in Apple Valley,
working for the world's greatest broker Jason Landon.
You can always call me on my cell 760.684.0250
or drop me an e-mail to
KarenSoldIt@yahoo.com
Happy Home Buying!
Wednesday, February 27, 2008
To my first time buyers
I thought about sending an e-mail out to my first time buyers, but hopefully you'll find my comments worth the post.
Young people, good for you, you are looking at right now as a a chance to buy a house.
You are going against the flow, the fear and the uncertainty of the generations that are older than you. CNN, MSMBC, etc all declare what a housing crisis we are in. The sky is falling.
But PLEASE look at what is going on and learn from this.
Many of the houses we look at are REO's, A.K.A. bank owned, so someone goofed somewhere in Some reasons people are in forecloser are;
*Health.......no disability insurance.
*Divorce............I hope none of you are ever in that position.
*Child support issues.......make sure you have documented all your support payments.
*Poor advice from "friends"................all I have to say about that is friends don't let friends make bad loans.
*Re-financing your loan AND TAKING MONEY out for non-investment purposes, ie a trip, to pay off bills. ........do you really want to pay for that trip for 30 years?
*Re-financing your house and paying a contractor upfront and your money and the contractor are gone.
*Buying too high and paying to much on your interest rate.......patience.
*Adjustable rate mortgages......if you can't afford it now, tell me how you can afford it next year?
*Not letting people know when you are in trouble till it is to late.
*The one that really gets me is walking away from your house to go buy another house.
Please don't do these things!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I really don't want to be looking for someone wonderful to buy your house when it is an REO.
It's happened to a couple of my friends.
So when it starts happening and it will again after this cycle is over, my best advice to you is FEAR NOT!!!! Learn from this and put yourselves in a position of strength when it happens next time. That's the time to pick up a rental, but investment property, rent out your house and move up.
People that don't learn from history repeat it. This current crisis will hit again. The economy goes in cycles. Every cycle has it's positive points for real estate, sometimes it favors the buyer and sometimes the sellers. So put yourself in a place where you can take advantage of the current situation, like you are. At the moment you are looking to buy. Someday you'll be looking to sell.
Some of you are new friends but some of you are old friends, I seen you grow up and get married and now having babies. It is my honor and my privilege to be with you on the next part of your lives journey, that takes you into home ownership. I don't want to blab on and get all sentimental,(Your Mom's and I can get all mushy about it behind your backs once your in a house.) because that's off the point. Which is........... be a good student of what's happening now and you won't be suffering later.
Happy home buying,
Karen
Young people, good for you, you are looking at right now as a a chance to buy a house.
You are going against the flow, the fear and the uncertainty of the generations that are older than you. CNN, MSMBC, etc all declare what a housing crisis we are in. The sky is falling.
But PLEASE look at what is going on and learn from this.
Many of the houses we look at are REO's, A.K.A. bank owned, so someone goofed somewhere in Some reasons people are in forecloser are;
*Health.......no disability insurance.
*Divorce............I hope none of you are ever in that position.
*Child support issues.......make sure you have documented all your support payments.
*Poor advice from "friends"................all I have to say about that is friends don't let friends make bad loans.
*Re-financing your loan AND TAKING MONEY out for non-investment purposes, ie a trip, to pay off bills. ........do you really want to pay for that trip for 30 years?
*Re-financing your house and paying a contractor upfront and your money and the contractor are gone.
*Buying too high and paying to much on your interest rate.......patience.
*Adjustable rate mortgages......if you can't afford it now, tell me how you can afford it next year?
*Not letting people know when you are in trouble till it is to late.
*The one that really gets me is walking away from your house to go buy another house.
Please don't do these things!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I really don't want to be looking for someone wonderful to buy your house when it is an REO.
It's happened to a couple of my friends.
So when it starts happening and it will again after this cycle is over, my best advice to you is FEAR NOT!!!! Learn from this and put yourselves in a position of strength when it happens next time. That's the time to pick up a rental, but investment property, rent out your house and move up.
People that don't learn from history repeat it. This current crisis will hit again. The economy goes in cycles. Every cycle has it's positive points for real estate, sometimes it favors the buyer and sometimes the sellers. So put yourself in a place where you can take advantage of the current situation, like you are. At the moment you are looking to buy. Someday you'll be looking to sell.
Some of you are new friends but some of you are old friends, I seen you grow up and get married and now having babies. It is my honor and my privilege to be with you on the next part of your lives journey, that takes you into home ownership. I don't want to blab on and get all sentimental,(Your Mom's and I can get all mushy about it behind your backs once your in a house.) because that's off the point. Which is........... be a good student of what's happening now and you won't be suffering later.
Happy home buying,
Karen
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