Santa Monica Foreclosures - Avoid Ripoffs
Santa Monica Foreclosures - Locate Them Without Getting Ripped Off Tip 248
Purchasing a home does not have to be stressful, and can in fact be enjoyable, as long as you have been given sound advice. In order to save you a lot of time, frustration and worries, it's a good idea to have dependable representation. In fact, when I was recently looking for Santa Monica foreclosures I could never have bought one without all the assistance I received from my real estate agent!
Their skill can make the process seem like a piece of cake, or incredibly hard. For your info Santa Monica foreclosures, the real estate agent I employed was amazing.
One option you have, which is inadvisable, is to scour the web or newspaper, trudging through endless open houses, listening to as many pitches from all the attending agents, and spending your evenings and weekends driving neighbourhoods in search of lawn signs, looking for that elusive and affordable home that meets your preferences. There is an alernative though...
LET AN AGENT SAVE YOU HUGE AMOUNTS OF TIME AND EFFORT.
Whether you think so or not, time is extremely precious, what would you rather do, spend time with family or look for homes. So let him use his time for you. It is important that you have all of your finances and documentation in order prior to beginning the search for a home. If you're in the market for Santa Monica foreclosures then please follow these steps carefully.
When you first meet your estate agent, their primary objective will be to get you know you, what styles you like and what your precise requirements are. He will want to know things like how many bedrooms do you want, do you want a pool? What type of property age you are looking for? You'll without doubt be overwhelmed with all of the suggestions you will be given and will probably to almost everything that is suggested to you. Draw up a list prior to your first meeting - this will ensure that you know what is essential (what you must have) and things which you could maybe do without. If your list of essentials is massive, then expect the house price to be of equal value. Just try to be realistic.
HOW MUCH CAN YOU REALLY AFFORD? For example, if you have a low budget then forget about looking for Santa Monica foreclosures.
He'll ask some basic financial questions to determine a target price range, including the amount of your deposit. Is it all yours or from borrowed funds? Will your parents be assisting? What level of annual income do you have together and what are repayments on your current debts, if you have any? Have you ever been made bankrupt? Are in any serious credit disputes? He will then inform you of the compulsory charges you will also be liable for. It is important that you tell the truth to a real estate agent as his calculations will help you understand what you can and cannot realistically afford in the long term. In fact, as a sort of case study, I purchased 2 properties in California, 2 which I could not afford and in the end I had to put my Santa Monica foreclosures.
The end advice may be just to purchase the most expensive property that you can realistically afford. You may think he is only doing this to make more money from you. This may be true, but it's more likely, he just doesn't want you to compromise too much in order to save a little money, because the more you compromise, the sooner you'll need to upgrade to a larger home. This, of course, will result in a move sooner than later, with all the usual expenses like real estate commission, legal fees, land transfer taxes again, and disbursements, as well as the cost of movers. So, it might be wiser to invest in a larger home now and stay put longer, provided of course that you don't buy too big for your budget. If you're looking for a totally dream property, then look in California, specifically look for
Santa Monica foreclosures, if you move here then you will never want to live anywhere else.
by: TobyKesser
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