Buying a home

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There is nothing better then waking up Saturday morning and have breakfast in you home with your family.

Let me help you achieve that Dream.

I am Licensed in Real Estate and Loans I get you approved on a loan and find you a Home.

Owning a home or any type of Real Estate is  the greatest ways to create wealth and financial security.

It is yours and belongs to your family.

Allow me the opportunity to help you buy hold and benefit f  owning and controlling Real Estate.

Buying a home is a great and it requires a little patience and persistence.

Buying a home can take anywhere from 2 months to a year.

There are many steps and processes 

• Get a approval on a loan.
• how much can you afford to put down.
• How much you can afford to pay each month for the house and all your bill combined.
• Where you want to live
• For every $100,000 of home it will cost you about $800 a month.
• For every $ 100,000 of home it will cost you for down payment and all closing cost 6 %
• Below is a quick glance graph to help you decide size and price  
• Based on a 6% interest rate 30year fixed mortgage First time homebuyer Conventional Loan

House price    Down Payment   Monthly Payment

100,000                    $ 6000                       $ 800

200,000                 $ 12,000                   $ 1,600

300,000                 $ 18,000                   $ 2,400

400,000                 $ 24,000                   $ 3,200

500,000                 $ 30,000                   $ 4,000

600,000                 $ 36,000                   $ 4,800

700,000                 $ 42,000                   $ 5,600

800,000                $ 48,000                    $ 6,400

900,000                 $ 56,000                   $ 7,200

1,000,000             $ 62,000                   $ 8,000

This graph is a simple basic illustration to give a general idea of the costs. Some people it will be lower or higher.

To get a exact cost you have to find the house and get a offer excepted and have a loan approved based on for price of the house what.

Also the taxes, insurance and all other fees based on where the house is. 

Your credit and income also is a important factor.

Additional processes and things I will do to help you buy a home at the best price and condition.Note I do these processes if I was selling you home.Its good business.

How I will help you buy your home

• To get the true price I will pay for a appraisal once the offer is excepted and when when you are in contract regardless if you paying cash or financing. If you finance the bank will then require their appraaisal.
• Why - Most sellers will go by their selling agent idea. ( Most selling agents do not know anything about Value and price )   The appraisal will help both you the buyer and the seller know what the banks will finance.  Right to the point.
• Note - The selling agents will do a comparable analysis (CMA) Hoping for the best. And most realtors do not understand real estate as a owner and investor, I do. and also they are cheap.

• To get a accurate determination of repairs I will push for a home inspection first day upon the offer excepted.
• Why-It will  complement the sellers disclosures that the seller has to provide to you
• Note - The by me pushing a  fast inspection this help you ( The buyer) and the seller come to agreement of thing need repairs and applied as credits

• To get a over all determination I will Pay for a general contractor to check all major systems like foundations, wiring, plumbing etc
• Why - To find any major defect.
• Note - once in a will ( 1 in a 1000 ) when buyer moves in the they find something and sue. By having a a general contractor check both you and the buyers know.  You dont want to find out you have a crack foundation of any other major problem after you move in. 

• I will have my Title company run a detail report on the history and status of  home to check for any hidden financial problems This process take about a week to run.
• Why - Sometimes  Liens and problems on title  do not surface  during the start of escrow worst  on the day of closing.
• This will insure that the sale can go smoothly

Note All realtor both buyers agent and selling agent  can do these 4 steps but they do not because they want their commission costs. Once you sign the contract they got you both selling agent and buying agent. 

Also 99% of realtors are unskilled in buying real estate and holding. Most Realtors ( Agents and Brokers own only  one or two properties. Most do not awn any real estate but he claim to be experts and the try to sell it.Most realtors rent and have never own any real estate.

As a buyer and seller I always  have done these 4 steps plus many more when I bought and sold any of my properties to make sure I and the other are informed.

Note - I have Bought, Owned, Controlled Leased and Sold over 47 years 376 properties both residential and commercial.I work  in Wall Street 26 years as a Investment Banker, Finance, Real Estate, Money and Business. I understand like no other.

Allow me the opportunity to help you buy your home.

• I am available 24/7 by both phones and email
• I have 40 year plus in real estate as a owner in types of real estate
• I am Licensed in Loans  (NMLS 21361176)  and Real Estate  (CalBRE 02012969) I get you approved on a loan and find and help you buy your Dream Home.

There is nothing better then waking up Saturday morning and have breakfast in you home with your family.

Go quick links below for additional information

Buying a home        

https://reddot123.com/buying-a-home

Need a loan              

https://reddot123.com/loans

Current Interest rates

 https://reddot123.com/rates

Selling your Home 

https://reddot123.com/selling-your-home