Buyer's Real Estate
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We are a full service licensed brokerage operating in Monterey, San Benito, San Mateo, Santa Clara and Santa Cruz Counties. We are Realtors whose services and operating philosophies are geared primarily towards buyers. Unlike most other agencies, we rebate a substantial portion of our commission to our clients who have purchased homes from us in the past.
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A NOD (Notice of Default) may be filed with the county recorder's office by a lender if a property owner in this state defaults on their loan.
NOD's are public information and may be researched through the recorder's office.
Publication of the foreclosure information in a local newspaper for three weeks prior to a sale is part of the process.
Foreclosure sales are usually held on the courthouse steps.
You must have cash or certified funds available to purchase one of these properties.
No title policy is issued to protect you when you buy at a foreclosure sale.
If you go to an open house, it is important to let the listing agent know that you are working with another Realtor.
We encourage open house visits.
Open houses are fun, casual, and a good way to learn more about the local housing market.
You can tour homes at your own pace, and develop a better understanding of price variations.
Remember the agent showing the house works for the seller.
Don't give up any information that may compromise future negotiations.
For example, the listing agent doesn't really need to know how desperate you are to find a house or that the house you are visiting is the perfect home for you.
Most "For Sale by Owners" (FSBO's) will cooperate in the sale of their property with a real estate agent.
Their goal in marketing the property without an agent's help is usually to avoid paying the typical listing agent's 5% or 6% commission rate.
After placing their "For Sale by Owner" sign on the lawn, sellers may receive several calls from agents claiming to have interested buyers.
The agent usually asks the seller to sign a listing agreement, however, before presenting an offer.
Since we never list properties, our goal in contacting a FSBO is simply to find the best property for our buyer.
Model homes look fantastic.
They are furnished well and seem to have all the extras.
Don't buy on impulse.
Take your time, check area solds, and if there are older tracks nearby, make sure you look around.
Find out about the neighborhood.
Are more homes being built in the area?
How will existing homes be affected in the future?
Someday you may want to sell.
Many builders use their own contracts.
Be sure to carefully review the builder contract.
Most developers use their own purchase contract which is more favorable to the seller than a standard California Association of Realtors contract.
By sending a pre-approval letter with your offer, you are demonstrating that you are serious about purchasing the property and you are prepared to move quickly.
It weighs strongly in your favor.
If you have been pre-qualified with a lender and decide to write an offer through Buyer's Real Estate, we can request that a letter be written and faxed to us on your behalf.
A pre-qualification guides you in your property search.
If you plan to get a loan to purchase property, you need to know how much money you are qualified to borrow.
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