Monday, March 22, 2021

Can you buy a house without a Realtor?


Do you really need to work with a Realtor when purchasing your home? The short answer is no. Should you? The obvious answer is YES! You need someone who will guide you through out this process, negotiate on your behalf and look out for your best interest. Seller has a real estate professional working for them, why should you not?


Why it's important to work with a Realtor?



Agents can give you access to current active and sold data.

        It allows you to make an informed decision especially when making an offer when you have current active and sold data. 



Agents can provide you with a buyer's packet.

        The packet contains information about the home buying process, including contracts, reports about the neighborhood, market stats and information about your agent and the company he or she works for so you as a buyer can do your due diligence. 



Agents have a process for finding the right house.

        This includes finding the right house for the right price without missing out on anything. 



Agents can negotiate an offer on your behalf. 

        A skilled Realtor can negotiate the price, terms, dates (closing and possession), inclusions and exclusions, and contingencies. They can negotiate your repairs and appraisals if it doesn't come in at value. 



Agents can help you navigate escrow.

        Agents typically has a process in place for a smooth escrow. They want to make sure you close on time with little to no surprise.



Agents can request and review seller disclosures. 

        Disclosures are supposed to provide details about the property's condition that might negatively affect its value. Every state has its own set of disclosures that sellers are required to report. A capable agent knows what to look for and make sure that those information are communicated to you. 



Agents can help you with the paperwork.

        When purchasing a home, you will sign a lot of paper works. Agents have dealt with these documents so many times that they know it like the back of their hands. They can explain to you what it is for and decipher real estate jargons and terms you don't understand. 



Your Realtor is your trusted, proactive advisor. We are bound by law to act in your best interest. You typically don't pay for your agent's commission so why not have someone who will have your back and represent your best interest? 


Note: Angela Carpio is a Realtor serving Menifee, Murrieta, Lake, Elsinore, Temecula, Wichester, Canyon Lake and the surrounding cities. 


Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor



Tuesday, March 16, 2021

Cheap Ways to Update Your Kitchen Before Selling Your Home





Next to the family room, a kitchen has been a place where people gather and entertain. It is one of the reasons why most home buyers prefer an updated kitchen when looking to own their home. You want to sell your home for more? Update your kitchen. 

Here are budget-friendly kitchen updates that will give your kitchen a fresh new look and get your home ready to sell.


Update your lighting.

Look for a stylish but inexpensive lighting that can make a strong design statement for the space. For under a $100, this small but impactful update can change the look and feel of your kitchen. 





Change out the hardware. 

You can find kitchen knobs and pulls online for under $50. With a little bit of elbow grease and a bit of time, changing your kitchen hardware can make a huge impact on your kitchen's look and style. 





Clear the clutter.

Here's one way to get your kitchen ready before selling it. Clear the clutter. Hide the small appliances. Maximize the space by getting rid of things that do not belong in the kitchen and tossing (or donating) items you no longer use. Doesn't cost any money, just a little bit of time.





Get a new rug!

An area rug in a kitchen is an easy way to improve the appearance of the space without breaking the bank and the inconvenience of  remodeling. The picture below shows a rug for $13.98 at Amazon (not sponsored...) which brings a pop of  color to an otherwise sterile-looking kitchen. 






Replace outlet wall plates. 

Upgrading your switch plates is one of the easiest and least expensive way to elevate the look of your kitchen. For $20, you can go from drab to fab! You can go with colorful, textured or decorative switch plates that draws the eye and add excitement to the kitchen. You can get the plates below from Amazon for only $19.99 for a pack of 4. 







Add a beautiful piece of art. 

Art belongs in the kitchen just as much as it does in other rooms of your home. Hang an art for some added interest. Decorative touches such as a piece of art is capable of enhancing the space and create a look of elegance. 




These are simple steps you can take that is sure to elevate the look of your kitchen without spending too much. 


Note: Angela Carpio is a Realtor serving Menifee, Murrieta, Lake, Elsinore, Temecula, Wichester, Canyon Lake and the surrounding cities. 


Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor




Thursday, February 4, 2021

4 Financial Steps To Take Before Buying A Home




You think you're ready to own your home? Here are financial steps you can take before you start searching for home. 


BUILD YOUR CREDIT. 

Your credit score is one of the factors the lender will look at when you are applying for a loan. Each loan has a minimum credit score requirement. The higher your credit score, the better your interest rate will be, the more purchasing power you have. 


Boost your credit score by:

  • Pay bills on time
  • Make frequent payments
  • Dispute credit report errors
  • Get a secured card
  • Request a credit limit increase


SAVE FOR DOWN PAYMENT

Some buyers are able to borrow money from their 401K while others from their friends or relatives to help them with their down payment. Unless you're working with VA loan, you are going to need down payment when purchasing a home. The higher your down payment, the lower your monthly mortgage will be. 


Ways to save:

  • Automate a fixed amount into a special savings account very month
  • Cut some unnecessary expenses 
  • Improve your income with side jobs
  • Save your bonus


SAVE FOR CLOSING COSTS

In a buyer's market, closing costs can be negotiated with the seller. However, in a hot market where the seller has the upper hand, you need to come up with your own closing cost in order to compete. 


What can you do?

You can borrow money from your 401K

You can borrow money from your friends or relatives

You can save some money. (See #2)


GET PRE-APPROVED BY A LENDER

The best person to help you find out how much money you can borrow and determine how much home you can afford is the lender. If you want to know how much you are going to need for down payment and closing cost, the lender is your person. They know the required FICO score and debt-to-income ratio as well as the right program for you. It's no cost to you so why not?


Finding the right lender:

  • Work with a Realtor. They usually have trusted lenders they work with. 
  • Your bank has their own home loan specialist
  • Search the internet for the best reviewed lenders

Note: Angela Carpio is a Realtor serving Menifee, Murrieta, Lake, Elsinore, Temecula, Wichester, Canyon Lake and the surrounding cities. 


Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor


Wednesday, January 20, 2021

6 Things You Need To Know When Purchasing New Construction Home

Whether you're a first time home buyer or has gone through the process of home buying before, here are six things you should know when purchasing a new construction home.

6 Things You Need To Know When Purchasing New Construction Home



Research the neighborhood and the builder


It is your responsibility as a buyer to do your own due diligence and research the area you want to move into. Go over the list of things that are important to you as far as the neighborhood/area is concerned. Does it have a dog park for your fur babies? If you have kids, are there parks around? Is the school rating acceptable? How far or how close are the dining areas and shops around. Is there heavy traffic around the time you leave or return from work?

When it comes to builders, check their reviews. How many homes are they building. Drive around the community and if you see one of neighbors, ask them what they think of the builder. How satisfied are they of the product. Would they recommend the builder to their friends and family and while you're at it, ask them how they like living in the area. 


Know what's standard and options


Model homes are stacked with many upgrades to show the full potential of what you can do with the house. You're going to be impressed when you walk in and that is what it is for. Keep in mind that this is not what the base price offers. Many times, the sales office carries the standard items for the flooring, cabinets, countertops, elevation, etc. You can take a look at those. An experienced Realtor can point those out to you and if not, the best thing to do is have your agent schedule an appointment with the sales agent for the specific model home you're interested in and the sales agent can assists you.  



Everything has to be in writing


In real estate, everything has to be in writing. Most builders offer incentives, financial or otherwise, when you purchase from them. Having said that, make sure that it is written in the contract when you sign it. It is good practice to repeat what they promised via email so you have it documented. That way, you can always referenced back to what they say on the email. Even so, just because it is written on the email by the sales agent, doesn't mean that it is so. It needs to be part of the contract if builders are to honor them for sure. 


What's the tax rate and is there HOA


In the state of California, you pay an ad valorem tax (property tax). Mello-Roos is an additional tax that you pay on top of the property tax that is created to pay for infrastructure and/or services within a certain district. You need to know what your tax rate is because it could impact the estimated monthly payment that your lender quoted you. Supported by the same estimated monthly mortgage, the amount of loan you're preapproved for would be less with Mello-Roos than that of a home without it. 

You need to know if there is HOA fee and how much because again, it affects how the lender calculate your payment. What are you paying for? $300 monthly HOA fee for taking care of the parks with no other amenities may be too much for you. You need to know before signing the contract so you can make an informed decision and not have buyer's remorse. 


There may be financial incentives when working with the builder's preferred lender


As a buyer, you need to know that there may be some financial incentives when working with their in-house lender. It usually is a certain amount of credit towards buyer's closing cost. Instead of using your own money for closing cost, it's extra money you can use towards upgrades for your home. 


Your agent can assists you in purchasing new homes

The sales agents are there to represent the builders. Who is representing you? Who would look after your best interest? You need someone in your corner who can help you navigate the new construction home buying process. It's no cost to you so make sure you work with an agent who has experience on new construction homes. Whether you work with an agent or not, you're going to pay the same amount for the home anyway so might as well have someone who will have your back. 


These are six things you need to know that will help educate you prior to signing that contract. The more you know, the better so you can make as informed of a decision as possible. 


Note: If you or someone you know is looking to own new construction homes, I'd love to help! 

Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor




Monday, November 9, 2020

5 Outdoor Tips Before Selling Your Home

Check out these tips to prepare your outdoor space when selling your home. A little sweat equity that goes a long way.




Clean and clear the walkway.

Create a nice flow to the front door. Clear the path. Give it a good power wash. Place a potted flower or some greenery for some pop of color and cheerfulness. Keep it alive and don't let it wilt. You want it to be inviting.  


Clean your outdoor furniture. 

Buyers do not like seeing anything dirty. Period. It's part of staging your home to sell. Arrange your furniture in a way that invites buyers to sit down and imagine themselves living there and enjoying the backyard. 


Clean the entire exterior of the house.

Clear away cobwebs. Move any inoperable and junk vehicles out of the driveway. Trim your shrubbery. Pull out the weeds. Pick up the trash. Kids and pet play things should be stored away. Put away your lawn equipment back in the shed. I would even suggest you remove some of your outdoor furniture to make the backyard appear bigger. 


Keep your lawn in good shape.

Make sure to mow your lawn. Keep it green and keep it trimmed. Pick up any trash that has been blown into your yard. 


Fix what you can fix.

Replace broken bulbs. Repair leaning fences if you can and fix broken windows and broken screens. The point is to get your house in the best possible condition. The less items that needs to be fix a buyer sees, the more appealing a house becomes, the better your chances of receiving an offer which is the goal. 


Note: If you or someone you know is looking to own, sell or invest in real estate in Canyon Lake - Menifee area and the surrounding cities, I'd love to help! 


Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor

Monday, November 2, 2020

4 Factors That Sells a Home

 Here are 4 factors that sells a home. 




Price

This is arguably the most important factor when selling your home. A well-priced home often generates competing offers and drives up the final sale. Your agent should be able to review comparative market analysis (CMA) with you and advise accordingly as what you should price your home at to get you as close as possible to market value. 


Condition

What a property looks like. Appearance is everything when selling a home. Mow the lawn. Clear away the clutter. Pick up the kids' toys. Rearrange furniture to create space if needed. Make your bed. Wash the dishes. Put away the items on the kitchen counter if possible. You'd be surprised what fresh paint can do to your home.  If you can fix serious issues affecting the property, do it. You want to "WOW" the buyers as soon as they walk in. 


Access

Agent's ability to get in to show the property. The easier the access, the more likely we get a showing and secure an offer. Showing sells home and the easier the access, the more likely you get a showing and secure an offer that can result in a successful sale.


Exposure

The way to attract potential buyers to the home for sale. In one word - MARKETING. This is why you hire a real estate agent. Professional photography, video tours, and beautiful descriptions are some of the tools agents use to create amazing digital presentation which we then use to advertise the property. Agents use the power of the social media and other online sites to provide the maximum exposure to public. A good agent should be able to advertise the beauty of the home as well as its value. 


Note: If you or someone you know is looking to own, sell or invest in real estate in Canyon Lake - Menifee area and the surrounding cities, I'd love to help! 


Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor



Monday, October 26, 2020

How Do You Know If You Can Afford A House?

Image by <a href="https://pixabay.com/users/inspiredimages-57296/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1049259">InspiredImages</a> from <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1049259">Pixabay</a>



You're ready to buy a house but not sure if you can afford it and for how much? What is the best way to find out? Simple. GET PRE-APPROVED.


Getting pre-approved involves submitting an initial mortgage application along with other supporting documents. The lender and its team will verify all the info you provided and review your file to evaluate credit worthiness. They go over your income, your debts, your assets and credit history among other things to determine not only the amount of loan you qualify for but also what your monthly mortgage payment will be and what your interest rate is.


It should be no cost to you so if someone ask you for money upfront, run. I will advise that you reach out to your agent (preferably me) who usually work with loan officers that they trust and they know can deliver. Don't worry, kickbacks are illegal so don't think that the agent is getting something in return for referring you to any lender. 


Keep in mind that you may get pre-approved but the loan amount may not be significant enough to get you into a home. There are many factors they take into consideration to evaluate you as borrower. 


You may not even get pre-approved by the lender, The good thing is, if your loan officer is good, he or she will usually help guide you in the right direction to get you ready to own your home in the future. It doesn't mean "no." It just mean "not right now". That's why it is important to work with a solid agent and loan officer. 


Special note: If you or someone you know is looking to own, sell or invest in real estate in Canyon Lake - Menifee area and the surrounding cities, I'd love to help! 


Angela Carpio, Realtor

619-228-5034

Coldwell Banker ABR

Lic. #01967762

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor




Can you buy a house without a Realtor?

Do you really need to work with a Realtor when purchasing your home? The short answer is no. Should you? The obvious answer is YES! You need...