You Might Be Surprised by Some of the Most Common Home Buying Secrets

You Might Be Surprised by Some of the Most Common Home Buying Secrets

There are a few things you should know whether you are in the process of buying a property or are about to begin. There are numerous reasons to engage professionals to assist you in purchasing a property, but there are many more secrets to the home buying process than you may realize. Read on for some of the greatest home-buying advice, then call Berkshire Hathaway HomeServices California Properties at 310-373-0021 to find out how we can assist you.

Do not make big purchases six months before you apply for a mortgage

If you’re buying a house and need to take out a loan, you should avoid making any significant purchases. If you do so, your credit score may suffer as a result. Lenders want to see that you are responsible, and one thing they will look for is that you have not made any significant purchases in the months leading up to the mortgage. Opening additional credit accounts, accumulating excessive debt, or purchasing expensive products can make it difficult to obtain a loan.

Make certain you’re pre-approved

We frequently encounter buyers who feel that being pre-approved for a mortgage equates to being pre-qualified. They are not the same. Pre-approval indicates that your loan has been approved after the lender has reviewed all relevant factors. They know how much you can afford, how much they’ll lend you, and how much you’ll pay in mortgage payments. Being pre-qualified simply means that the lender has reviewed some basic information and determined that they are likely to approve you for a certain amount.

You must conduct a survey

This is one of the most crucial pieces of advice you can get: have a survey done on the property you’re buying so you know exactly what you’re getting. This may prevent future conflicts with your neighbors. Also keep in mind that your property tax is likely calculated in part on the size of your home. You don’t want to pay taxes on land you don’t own, so getting a survey is a good idea.

Make no attempt to time the market

Buyers frequently stress over entering the market at just the correct time. It’s true that predicting what will happen in any particular month is impossible. When the home you desire is for sale and you can afford it, it’s the greatest moment to buy. Yes, some times are better than others, such as right now when mortgage rates are low, but waiting another month is likely to result in you missing out on the homes that are currently available.

Before purchasing a home, pay a visit at all hours of the day

Most people only look at a house during work hours, but you want to know how the neighborhood is at night, on weekends, early in the morning, and so on. You don’t have to tour the house during these hours; simply driving by will give you a decent notion of how the mood changes throughout the day.

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These Kitchen Upgrades Could Help You Sell Your Southern California Home Faster

These Kitchen Upgrades Could Help You Sell Your Southern California Home FasterIt may seem paradoxical to invest money in your home when you are about to sell it, but in some cases it may be well worth it. Consider some of these kitchen changes that don’t necessitate substantial renovations but can help you attract buyers and sell your property for a better price. Remember to work with Berkshire Hathaway HomeServices California Properties to locate the right buyer.

Cabinet refacing or cabinet replacement

Potential homebuyers are likely to notice nothing but dollar signs if your kitchen is old and outdated. They know they’ll have to walk in and spend money on remodeling right away. However, something as basic as changing or refacing the cabinets will instantly refresh the kitchen and help potential buyers recognize the charm that currently exists.

Replace the backsplash

This easy, inexpensive, and effective solution is a terrific way to update your older kitchen. Choose a backsplash that goes with a variety of styles and may be used across time periods. For example, new buyers who prefer a vintage look, as well as potential purchasers who prefer a more modern look, are likely to accept subway tile. You can install your own backsplash if you have even basic DIY skills.

Your countertops could make a big difference

This is a more significant investment than the others, but you can cut costs by going to your local stone yard and purchasing lower-end granite. You may also use Formica, which is available in a variety of colorful patterns and is rather inexpensive. You might also purchase a prefabricated island or table to help you maximize your kitchen space.

Other organizational options & shelving

If you polled 1,000 Americans about what they wish they had more of in their kitchen, you’d find that many of them said they wanted additional storage space. They wish they had more options for kitchen organization. To make this a reality, add storage to your kitchen. Transform a small broom closet into a pantry. Anything you can do to increase the amount of space available to a customer is like catnip.

We can give you personalized advice based on your specific kitchen

The suggestions above have proven to be helpful to our clients, however they are based on a general kitchen. We will take the time to get to know you, your beliefs, and your home when you work with Berkshire Hathaway HomeServices California Properties. We’ll look at modest renovations that could raise the value of your property while also increasing interest in it. Call us right now at 310-373-0021 to get started.

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Learn How to Find the Perfect House for You and Your Pets

Learn How to Find the Perfect House for You and Your PetsWhen buying a home, you’ll have to think about a lot of different things as a pet owner. We can help you find the appropriate house that matches your individual needs at Berkshire Hathaway HomeServices California Properties. Before making a financial decision on which home to buy for your dogs, we recommend examining the following elements. Then call us at 310-373-0021 for help.

Consider the pet laws in your area

When we say “local,” we don’t just mean regulations that apply to the entire city; we also mean legislation that may apply to the HOA or condo community where you live. Breed-specific regulations exist in several localities, prohibiting some pets from living on city property. Some HOAs allow just specific sorts of pets or limit the number of pets that can be kept. Pets are not permitted in some condominium buildings.

Your pet’s personal space

Is there a yard on the property? Is it enclosed? If not, keep in mind that there may be restrictions on your capacity to construct a fence. Some HOAs have restrictions on the style or type of fence that can be installed, while others don’t allow it at all. If you’re looking for a condo, search for one with a dog run or other pet-friendly amenities. Newer buildings generally provide a room for your pet since more people consider their dogs like family.

Outdoor possibilities for your pet

If you have a dog, you’ll need space to walk it. You could wish to be close to a park, a dog park, or some other green space. If you plan to walk three times a day, you’ll want to look for a property in a well-established community with sidewalks. Keep an eye on how busy the neighborhood is as well; living too close to a busy or loud motorway might frighten some dogs and even cats.

The grounds

Hardwood floors, according to most experts, are the finest option for pet-friendly houses. If scratched, they may be repaired, and they do not stain. Carpet is frequently referred to as the worst option since pets can quickly damage it, lowering the resale value of the home. Cats can claw the carpet, dogs can track mud, dirt, and other stains, and carpet often traps odors.

The layout of rooms

If you have larger pets, you’ll want a place where you won’t trip over them all the time. You’ll need enough space for a cat or dog bed or a scratching post. Keep your pet’s needs in mind if you plan to move to a smaller location than the one you now have.

We look forward to hearing from you if you are ready to locate the house of your dreams for you and your pet. We can get started right away if you call Berkshire Hathaway HomeServices California Properties at 310-373-0021.

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Don’t Let These Minor Issues Keep You from Buying a House That’s Otherwise Perfect

Don’t Let These Minor Issues Keep You from Buying a House That’s Otherwise PerfectWhen you’re looking to buy a home in California, you’ll notice a lot of things that may irritate you. It is, nonetheless, critical to remember what is important and what is not. We’ve developed a list of three things that can turn a customer off but shouldn’t. Continue reading for additional home buying advice, or call Berkshire Hathaway HomeServices California Properties at 310-373-0021.

Unattractive wallpaper or soiled carpet

Sure, you might prefer a ready-to-move-in home, but a few minor faults shouldn’t prevent you from buying a home. Painting the walls or repairing the flooring, for example, are both inexpensive and time-consuming. These projects are likely to be completed before you move in.

While it’s not a good idea for the sellers to leave their shag carpet or unique wall colors or wallpaper, it’s also not a good idea for you to use this as the only reason to pass on a home you’d otherwise love. It is up to you to look at the bones of the house rather than the things that are easily fixed.

Rooms with odd functions

It’s natural to think that a formal dining room is being used as an office or that a bedroom is mostly being used to store apparel if you walk into a home and see such spaces. Examine the structure of the building once more. You are not obligated to use the property in the same manner as the prior owner. These will be vacant rooms once you’ve moved in, and you can do whatever you want with them.

A house with a lot of personal items

It can be difficult for a buyer to visualize themselves living in a home filled with images of their family, degrees and honors, or other hyper-personal possessions. Even worse is when the vendor is there during the showing. In this situation, everyone is uneasy. Buyers frequently feel restricted in their ability to freely explore the home, check in closets or cupboards, or say anything unpleasant aloud.

While this can be aggravating, the astute buyer recognizes that over-personalization of a home can discourage buyers from making offers, lowering prices. The key, as previously said, is to examine the house’s bones. Do not be scared to open a closet or cupboard to examine what you will find before you commit a significant amount of money.

When you have a real estate agent accompanying you, this can be more comfortable. To get started, call Berkshire Hathaway HomeServices California Properties at 310-373-0021 and learn how you may find the home you want faster.

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Follow These Tips to Make Your Home Look Bigger When You List It for Sale

Follow These Tips to Make Your Home Look Bigger When You List It for Sale

It might be difficult to pique a potential buyer’s interest in a property, but there are ways to do it. We will provide you with specific seller suggestions from Berkshire Hathaway HomeServices California Properties to help you sell your house as fast as possible. Today, we’ll go over a few tips for making your area appear larger. Contact us at 310-373-0021 when you’re ready to learn more about listing your house.

Get furniture out of your house

Getting rid of part of your furniture is the simplest method to make an immediate change. Rearrange the pieces that will remain. Create paths through the space if at all possible. For example, don’t place a couch in an area where it may obstruct pedestrian traffic. A room will appear and feel smaller as a result of this.

Upgrade your appliances to stainless steel surfaces

Your kitchen will appear smaller if your stove is white or, worst, black. Ideally, you’d replace those items with stainless steel, which has a dazzling tone and reflects light discreetly. You might not want to spend money on new appliances merely to sell your house. In such scenario, they create high-quality stainless steel coverings that you can stick to your fridge and stove.

All of the walls should be painted white

Your home will appear smaller than it is if you have colored walls. The use of a warm white might assist to make a space appear larger. Consider painting dark wood white as well if you have a lot of it in a space. Though you may prefer more personality in your wall colors, keep in mind that potential purchasers are seeking for a space that represents their requirements. White and other neutral hues help individuals see the adjustments they may make to build the home of their dreams.

Lighting should be a priority

When you have a gloomy room, it appears smaller than it actually is. Remove any lights in your kitchen that aren’t recessed and replace them with recessed lighting. Add illumination from several directions to living spaces, such as lamps on the floor that light up the ceiling, lamps on tables, and lights overhead. The more light in a space, the larger it seems.

Construct a bonus room

If your house is small, showing buyers that there is an “extra room” may help them adjust to their new surroundings. Create a room in your basement, for example, if you have one. Make an office out of your garage if you have one. Remove the shelves from a huge cubby closet to create a tiny space.

These are just a few suggestions for enhancing the attractiveness of your house to potential buyers. Contact Berkshire Hathaway HomeServices California Properties immediately at 310-373-0021 if you are ready to list your home or would like more information.

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Work with an Experienced Real Estate Professional to Reduce Your Chance of These Home Buying Surprises

Work with an Experienced Real Estate Professional to Reduce Your Chance of These Home Buying Surprises

Few things in life are as thrilling as purchasing your first house. However, without the correct assistance and study, you may wind yourself making a costly error. Learn how to avoid these six home-buying snares. Then call Berkshire Hathaway HomeServices California Properties at 310-373-0021 to talk with a knowledgeable realtor.

Loud neighbors

Imagine moving into your new house and discovering that your next-door neighbors have a dog who barks all day. While there are actions you can take, such as filing a noise complaint or contacting animal control, you’d probably prefer to know ahead of time. This is why it’s a good idea to speak with your possible future neighbors to learn more about the area where you’re considering relocating.

A new development

When purchasing a property, you may not be considering the long term. Consider not just how things are today, but also whether or not a new development is likely to rise. If you live in a well-established area, for example, you are unlikely to notice substantial changes. If you’re relocating to a new community, keep in mind that a new development might drastically alter the landscape.

More traffic than you realize

Of course, you drove around the area and the house, but at what hour did you do so? If you went on a Tuesday at 2:00 p.m., you might not have received a real sense of how parking, traffic, and other aspects of the city are. Is there a local school? Then your early commute can be a challenge. Before you make an offer on a house, practice driving to and from work.

Serious repairs

You should expect some small faults if you acquire a property that is more than a decade old, such as a toilet that needs to be adjusted. You don’t want to be caught off guard by things like crumbling foundations or rusted pipes. Avoid these problems by dealing with the house inspector recommended by your real estate agent.

Becoming house poor

Just because the bank will lend you a particular amount of money doesn’t indicate you’ll need it. Take into account all expenditures, such as homeowner’s insurance, utilities, HOA fees, and so on.

You paid more for your home than necessary

There are a number of factors that may cause you to assume that the house you want is in high demand and that you should make a full-price offer. Do not proceed without first consulting your agent. The good news is that when you deal with Berkshire Hathaway HomeServices California Properties, we have the expertise and understanding to advise you on when and how to make an offer. To learn more, give us a call at 310-373-0021.

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Are You About to Apply for a Mortgage? Learn the Red Flags Lenders Are Looking For

Are You About to Apply for a Mortgage? Learn the Red Flags Lenders Are Looking For

Mortgage lenders spend their whole lives scouring the financial landscape for signs of financial irresponsibility. Before choosing whether to approve or refuse your house loan application, they will thoroughly examine your finances. They’ll check to determine whether you have enough money for a down payment and if you can cover closing expenses. They’ll check to see if you’ll be able to keep up with your monthly mortgage payments.

They will examine your bank statements in order to attain these objectives. This is why it’s critical to go through your statements, understand what they’re looking for, and make any required modifications in order to acquire the approval and interest rate you desire.

Lenders don’t like seeing overdraft fees

When assessing someone for a house loan, it is usual for a lender to request two months of bank statements. If they notice that you have a lot of overdraft charges, they won’t think you’re a good risk. Whatever the reasons, a long list of inadequate funds or overdrafts on your account can give the impression to a lender that you are not very good at managing your money.

Large deposits coming out of nowhere

The lender may not know where the cash are coming from if substantial deposits are made in lump amounts. They may conclude that they are coming from an inappropriate source, such as an unlawful source, in this situation. If you don’t have a straightforward reason for the hefty deposit – and documentation to back it up – a lender may decide not to count those funds and deny your loan application.

You have credit accounts that aren’t public

You may not aware that if you borrow money from a family member or friend and repay them with monthly instalments, you must notify your lender. When they observe on your bank statement that you have frequently recurring payments to a person, it might raise red flags. Even though it does not appear on your credit report, if you are repaying someone, you should declare it to your bank as a credit account.

Choose the right real estate professional once you’ve been approved

After the bank has accepted you, you can get down to business: looking at available houses to discover the ideal fit for you. It is much simpler to do this when you have the appropriate real estate agent on your side. Berkshire Hathaway HomeServices California Properties may be reached at 310-373-0021 for additional information. We want to add you to our long list of satisfied customers.

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Buying a Home That Needs Renovations: Should You Renovate Before or After You Move In?

Buying a Home That Needs Renovations: Should You Renovate Before or After You Move In?

In Southern California, there are some very amazing fixer uppers for sale, and they may be a terrific deal. We’ve seen some fantastic outcomes from them, but we’ve also seen some errors. One of the most common blunders we encounter is house purchasers who decide to renovate before moving into their new home.

While it is possible that this is required, we urge that you to move in first. Continue reading to understand three reasons for this recommendation. To get started, call Berkshire Hathaway HomeServices California Properties at 310-373-0021 if you need assistance purchasing or selling a house.

After living in the house for a while, you could change your mind

You can look at a home’s layout and think you can make it better, only to move in and discover that everything is in its proper place for a purpose. You may discover that the location you intended to create an extra office receives too much direct sunshine or that the trees around are rotten. Only by living in a property on a daily basis can you get a full vision of how you want the improvements to turn out.

After purchasing a home, you owe yourself a break

Purchasing a house is thrilling, but it also takes a lot of effort. It’s a major project that will take a lot of time, and signing such hefty cheques might be a shock to your budget as well. Purchasing the ideal house might feel like a part-time job. Do you really want to start another big, difficult, expensive project right after that? One that will need a lot of decision-making and collaboration with contractors?

We have to advise you to wait until you have had time to recuperate and settle into your new house after witnessing many initiatives succeed and others fail.

To plan your renovation, you’ll need some time

Even if they are only “small” modifications, all renovations should be well planned. You should consult with a variety of contractors and designers. You should think about all of your possibilities and compare different materials. You may make less-than-ideal judgments if you have to accomplish all of this while under the confines of an escrow period.

We understand that not everyone is capable of making this choice

While many individuals have no option but to move in immediately after purchasing a property, if you do have a choice, it could be worth it to wait to remodel until you have had a chance to live in it. We can assist you in your search for a house, whether it’s a fixer-upper or a move-in-ready condo. To get started, call Berkshire Hathaway HomeServices California Properties at 310-373-0021.

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These Are the Factors That Will Affect How Much Money You Net from Your Home Sale

These Are the Factors That Will Affect How Much Money You Net from Your Home Sale

It’s natural for a person selling a home to have a lot of questions. One of the most typical questions is how much of the sale price they will keep. This is not the same as the home’s entire purchase price. It’s not even close to the purchase price minus the outstanding mortgage.

Continue reading to find out what else might reduce the amount you receive when you sell your house so you know what to anticipate. If you need to sell your house, call Berkshire Hathaway HomeServices California Properties at 310-373-0021.

The following is a brief list of sales price reductions

Depending on your transaction, the particular things that will be taken from your sales price will vary. However, the following are some of the most usual deductions from your pay:

  • Costs are being held until the day of closure
  • Fees for recording
  • Commissions on real estate transactions
  • Bonuses given to agents
  • Mortgage repayments
  • Title lookups
  • Policies for title insurance
  • Property tax prorations
  • Homeowner’s insurance prorations
  • Special assessments amounts
  • Property taxes that are past due
  • Condo or homeowner’s association costs
  • Penalties for early payment
  • Repayment of liens
  • Fees for wire transfers
  • Closing costs
  • Rent that has been paid in advance or a security deposit
  • Taxes and withholding taxes

When you market your house for sale, you should factor in all of these prospective costs.

Fees that you are in charge of

Many of the deductions that will be taken from your net profits will be unavoidable, but others might be. To negotiate your real estate contract, you’ll need the help of a real estate specialist. The buyer’s closing charges, which they may ask you to pay, title search and title insurance policy payments (which can be paid by the buyer, seller, or buyer and seller), repairs required by the buyer, and repair credits you are requested to pay are all negotiable fees.

Almost every property transaction will require the seller to pay some of these fees. The goal isn’t to get them to zero, but to make sure that your asking price accounts for how much these additional expenses will affect your bottom line.

Know how much money you’ll make

Before you accept a buyer’s offer, figure out how much you’ll actually make. Your real estate agent will walk you through a Net Sheet, which lays out all of the costs you’ll be paying and are likely to pay. This is especially useful if you have many offers because the largest offer may not always be the best offer if it has extra – and costly – requirements.

Contacting a professional is the greatest method to obtain an exact picture of what you will most likely be paying and receiving. Berkshire Hathaway HomeServices California Properties may be reached at 310-373-0021 right now.

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No, You Do Not Want to Skip Inspection – Learn Why It is So Important

No, You Do Not Want to Skip Inspection – Learn Why It is So Important

When you locate the home of your dreams, you’ll do everything it takes to persuade the sellers to accept your offer. You may believe that bypassing the inspections is a wonderful strategy to increase the appeal of your offer. The fact is that this is not a situation where you want to haggle.

Continue reading to find out why we virtually never recommend skipping an inspection. Contact Berkshire Hathaway HomeServices California Properties at 310-373-0021 for assistance in finding your ideal property.

Pre-Sale Inspection: How Important Is It?

You should get the house inspected before signing a contract if you like it. Yes, you’ll be out the expense of the inspection – which may run into the hundreds of dollars – but that’s a lot better than losing hundreds of thousands of dollars if you bought a house that was unsafe to live in. The inspection will provide you with a wealth of information on the condition of the property.

It’s important to note that just because the inspection yielded negative results doesn’t imply you can’t buy the house. It’s possible that the examination reveals that the roof is only good for a few more years. You can then ask the seller to fix the roof or lower the home’s price so that you can get it done. If the other party is willing to negotiate, there are always possibilities.

The Seller’s Inspection’s Importance

Before selling their house, the seller may opt to have it examined. They usually conduct this so that if there are any difficulties, such as concealed roof problems, they would be aware of them before listing the house for sale. They can then decide if they wish to make repairs or drop their asking price to compensate for the flaws.

A seller’s inspection assists the seller in avoiding costly last-minute concerns. If they have a sale awaiting inspection and the inspection reveals a big problem, they will have less negotiation power if the buyer knows they have already half-moved out of the house.

If you’re buying a house, keep in mind that the person who pays for the inspection is the one who is responsible for the inspector’s work. In simple terms, if you buy a house and believe the seller’s inspection, any subsequent issues are not the inspector’s duty because the inspector is solely responsible to the seller.

Inspections Can Assist You in Moving More Quickly

If you’ve already located a home you want to move into, it’s a good idea to have the property you’re selling inspected. This allows you to price it correctly and provides you with the details you need to sell your house as fast as feasible. If you have any questions about buying or selling a home, call Berkshire Hathaway HomeServices California Properties today at 310-373-0021.

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