The first question that homebuyers usually ask is whether they should buy or rent a home. While renting a home is definitely cheaper and less labor-intensive, buying a home comes with more long-term benefits. Buying home could also give you tax benefits, talk to your tax consultant for more information on tax benefits. For more detailed analysis on renting vs buying contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719

Getting pre-approved for a mortgage is the first step of the home buying process, a pre-approval letter from a lender gets the ball rolling in the right direction. I have lot of mortgage lenders in my network who offers best in class service and interest rates. For more detailed analysis, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

From beginning to end (closing escrow), buying/selling a home takes about 10 to 12 weeks. Once a home is in the market for sale or selected to buy, the average time to complete the escrow period on a home is 30 to 45 days (under normal market conditions). Cash buyers can close the escrow within two weeks or less. For more detailed information, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

In sellers’ markets, increasing demand for homes drives up prices. Here are some of the drivers of demand: Economic factors, Interest rates trending downward, a short-term spike in interest rates, Low inventory (less properties in the market for sale). For current market analysis, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

A buyer’s market is characterized by declining home prices and reduced demand. Several factors may affect long-term and short-term buyer demand, like: Economic disruption, Interest rates trending higher, Short-term drop in interest rates, high inventory(less properties in the market for sale).For current market analysis, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

A stratified market happens where supply and demand characteristics differ by price point, in the same area (typically by city). For example, home sales for properties above $1.5M may be brisk (seller’s market) while homes under $750k may be sluggish (buyer’s market). This scenario comes along every so often in West Coast cities where international investors – looking to park their money in the United States – buy expensive real estate. At the same time, home sales activity in mid-priced homes could be entirely different. For current market analysis, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719

Typically, buyers don’t pay commission to the agent, Seller and builder pays all the commission. Also keep in mind that commission is totally negotiable and there is no fixed rate as such. For very reasonable commission rates, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

Most loan programs require a FICO score of 620 or better. Borrowers with higher credit scores represent less risk to the lender, often resulting in a lower the down payment requirement and better interest rate. Conversely, home shoppers with lower credit scores may need to bring more money to the table (or accept a higher interest rate) to offset the lender’s risk. I have lot of mortgage lenders in my network who offers best in class service and interest rates. For more detailed analysis on your specific scenarios, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

The answer is, it is subjective to the buyer and the type of mortgage they are targeting. For ex. If…. buyer is the first time buyer and targeting FHA/VA (government supported) type of loan program then requirements for down payment is different than the one who is targeting conventional loan. Typically down payment requirements varies by several scenarios, it starts from 2% in some cases and goes up to 30%. For your specific case, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

Generally speaking, investment in the property is a good long term investment but it is subjective to every individual’s financial conditions and risk capacity. There are several ways you can acquire new property without selling your current one.  For more detailed analysis on your scenario, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

Until you find your dream home!! Home shopping is easier these days than ever before. The ability to search for homes online and see pictures, even before setting a foot outside the comfort of your living room, has completely changed the home buying experience. Convenience is at an all-time high. But, nothing beats visiting a home to see how it looks and ‘feels’ in person. For setting up appointments to see your dream home, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

When a buyer expresses an intend to buy a property, (s)he writes an offer with the price and other details. To support the written offer, often buyer writes a check (typically in the range of 1% – 5% of the purchase price) to show (s)he is genuinely interested. This check/money is called earnest money deposit, it shows that buyer is really interested and would not mind proceeding further if offer is accepted. Also keep in mind that, this money will be held by Escrow Company and will be adjusted towards the closing. For setting up appointments to see your dream home, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

Yes! Home inspections are required if you plan on financing your home with an FHA or VA loan. For other mortgage programs, inspections are not required. However, home inspections are highly recommended because they can reveal defects in the home that are not easily detected. Home inspections bring peace of mind to one of the biggest investments of a lifetime. To discuss more on this, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.

It’s not required, but it’s a darn good idea! Final walk-throughs give buyers a chance to make sure nothing had changed since their first visit. If repairs were requested, as part of the offer, a follow-up visit ensures that everything is squared-away, as expected, per the terms of the contract.For setting up appointments to see your dream home, contact me at anydayrealtor@gmail.com or myagent@anydayrealtor.com, alternatively you can call me at 714-759-2719.