Monday, May 25, 2020

When Is A Good Time To Buy A House?





Who doesn't want a good deal? You want the most bang for your buck and I understand it which is why you're asking the question "When is it a good time to buy a house?"


The answer is WHENEVER YOU'RE READY!


We are in the middle of pandemic. If you're high-risk, are you going to be okay touring homes right now? You'll be in and out of strangers' home. Some people care and some people don't. Yes, you can use technology to your advantage but most buyers want to see the house they want to buy in person. Only you can answer that. 


Is your job secured? If you are one of the many people concerned about losing your job, do you think it would be a good idea to shop for homes right now? Job security means income stability. Income stability that would allow you to keep your home once you've purchased it. I would love to get you into your new home of course, but I want you to be sure that it is the right decision for you and more importantly, I want you to be able to keep it.


How about if you have kids? If you have a junior attending a school in San Diego and you want to move to Temecula to be closer to work, would you move them right now or would you wait? I certainly know a few people who postponed purchasing a home because of this.


How much debt do you have? Did you just buy a car and a boat among other things. If your debt to income ratio is high, you may not be able to qualify for a loan.


Have you saved enough money for down payment? The interest rate could be at a historic low but if you do not have enough money for down payment, you may not be able to qualify for a loan? If you're planning on taking advantage of the down payment assistance program, do you know for sure if you qualify for it?


Let's say you do have the down payment. Did you also think about how you're going to pay for closing cost? You can negotiate for the seller to pay for closing cost but in a multiple offer situation, an offer asking the seller for concession may not be the most desirable offer to accept.


What is your FICO score? How good are you at paying your commitments on time? If your score is in the 500s, most likely, you won't be able to find a bank who would be willing to lend you money to buy a house. Some lenders even raised their required FICO score during the pandemic. 


Let's talk about interest rate. What's your interest rate? Just because a company sent you a letter with a heading "2.99% Interest Rate!" doesn't automatically qualify you for it. Read the fine print. The lower your interest rate, the higher the loan you may qualify for. There are multiple factors that affect your rate.


YOU would know when you're ready to buy a house. It's not the typical answer from a Realtor but it's the most honest answer I can give you. When it's time, when you're ready, I will be here. I will take care of you and I will have your best interest at heart. 



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

6192285034

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor







Monday, May 18, 2020

Are There Pet-Friendly Parks in Canyon Lake, CA?

Pet-Friendly Parks in Canyon Lake, CA



                    Of course there is! Canyon Lake is one of the coolest place to live in in Southern California and it's only right that they have multiple parks for you and your fur baby to enjoy. However, with great pets comes with great responsibility. The Canyon Lake POA's Rules & Regulations states that all dogs must be on a leash or confined within an owner's property at all times. It is important that you know which parks are pet-friendly in order to avoid fines. 

                    Trips to your neighborhood pet-friendly parks allow your pets to release some bottled-up energy. It is  an opportunity for them and for you to bond and socialize with other pets. It goes without saying that a pets have become more than just an animal. They've become part of the family. This is one of the criteria some people considered when they bought their home in Canyon Lake. The following parks are pet-friendly:


EAST PORT PARK

24331 Canyon Lake Drive N.

Canyon Lake, CA 92587


East Port Park, Canyon Lake, CA

Features:

  • Basketball Court
  • Dock
  • Dog Park
  • Drinking Fountain
  • Launch Ramp
  • Lighted Parking
  • Pet Fountain Picnic Areas
  • Pet-Friendly
  • Pickleball Courts
  • Restrooms
  • Showers


Leash Rule:


Please note, this park is pet-friendly but all pets should be on a leash. The Canyon Lake POA has a rule that states all dogs must be on a leash or confined within an owner property at all times. Also, please remember to use the pet waste reciprocals located at this park.

 

EMERALD PARK

2227 Gray Fox Dr. 

Canyon Lake, CA 92587


Emerald Park, Canyon Lake, CA


Features:

  • Grass Area
  • Pet-Friendly
  • Playground


Leash Rule:


Please note, this park is pet-friendly but all pets should be on a leash. The CLPOA has a rule that states all dogs must be on a leash or confined within an owner property at all times. Also, please remember to use the pet waste reciprocals located at this park.


EVANS PARK

23590 Canyon Lake Drive N.

Canyon Lake, CA 92587


Evans Park, Canyon Lake, CA


Features:

  • Grass Area
  • Jogging Trail
  • Pet-Friendly

 

HARRELSON PARK

30270 Longhorn Dr.

Canyon Lake, CA 92587


Harrelson Park, Canyon Lake, CA


Features:

  • Dock
  • Fishing
  • Pet-Friendly
  • Picnic Areas
  • Restrooms
  • Shade Area


Lions Park

30250 Yellow Feather Drive

Canyon Lake, CA 92587


Lions Park, Canyon Lake, CA


 

Features:

  • Dock
  • Fishing
  • Grass Area
  • Grill
  • Pet-Friendly
  • Restrooms
  • Shade Area


Leash Rule:

Please note, this park is pet-friendly but all pets should be on a leash. The CLPOA has a rule that that states all dogs must be on a leash or confined within an owners property at all times. Also, please remember to use the pet waste reciprocals located at this park.


OUTRIGGER PARK

23950 Outrigger Drive

Canyon Lake, CA 92587


Outrigger Park, Canyon Lake, CA 


Features:

  • Grass Area
  • Pedestrian Walk
  • Pet-Friendly
  • Playground
  • Shade Area


Material Source: https://www.canyonlakepoa.com/Facilities


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


Angela Carpio, Realtor

6192285034

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor




Thursday, May 14, 2020

Virtual Home Buying

HOW DO i IMPLEMENT VIRTUAL HOME BUYING DURING COVID-19?


The fact of the matter is, COVID-19 has changed the landscape for real estate. Whether it is short term or not, is up for debate. As Charles Darwin once said, "It is not the strongest or the most intelligent who will survive but those who can best manage change." So I took Mr. Darwin's advise and adapted. 






Virtual Buyer Consultation


I schedule a virtual appointment to meet with clients via video conference (Zoom) to assess their wants and needs and most importantly, their whys (Believe me when I say, most buyers will buy on their whys but that's for another blog.) It is important that I take the time to understand what is important to my clients in a home and create a plan to reach your goal. Do not and I mean DO NOT work with an agent who couldn't be bothered to sit with you for a few minutes to ask the necessary questions.

Home Selection


When it comes to selecting properties, I do set up my clients with a custom home search that is tailored to their specific criteria that you can view and engage with online. You can like, comment or make a specific property your favorite and it will send me notifications. It's like a project and you are the boss. 

Virtual Tours


If you prefer to stay at home as much as possible, no problem. I can set up a video conference so you can tour the property virtually from the comfort of your own home. I get it! You don't want to buy the biggest investment you'll probably ever make in your entire life without looking at it. With virtual tours, you can see if you like the house, ask questions and see if it's worth touring in person.

Digital Signatures 


I love, love, love, love, love, love DocuSign. Nope, this is not a paid advertising by them. It just so happen that it is user friendly. I will explain the documents that you will be signing via video conference or phone call to make sure I answer any questions or concerns you may have before sending it via DocuSign to be electronically signed. No contact. Isn't that nice?

Earnest Money Deposit


Even before this pandemic happened, escrow usually will send wiring instruction via a secured email. You can then send your deposit electronically yourself or with the help of your bank. Either way, you don't have leave your home and you do not have to have physical contact with anybody. 

Home Inspection


First off, I always attend home inspection so if you do not want to be there, no problem. We can arrange for a video conference so the home inspector can go over the report with you and answer any questions and concerns you may have. The home inspector will then send you a detailed report with photos and descriptions. As for me, I take videos of the actual home inspection that I upload online. I can then send you the link so you can review further. Don't worry, home inspectors are actually using hand sanitizers, booties, gloves and mask to protect everybody and I will be at least 6 feet away from him (or her) at all times. Make that 7 feet away from him. 

Loan and Appraisal


Because banks and loan servicers are considered essential business, they can continue processing loans and do appraisals. Everything is done electronically mostly nowadays anyway so they're not doing anything they haven't been doing for a while now. Appraiser will send you the report via email and no physical contact needed. I don't have to be there. You don't have to be there. They're third party, neutral entity so they're going to do their job with integrity.

Loan Docs Signing

Notaries have process in place to limit physical contact if possible. Unfortunately, due to the significance of this transaction and the amount of money involved, they need to verify your identity and confirm that you understood and agree with the terms of the contract. Yes, this time, you will be in front of them but they can come to your house if that works better for you too. 

Final Walk-Through


As your agent, I can do a video conference to confirm that the agreed upon repairs are done and that the house is essentially in the same condition as the day you made an offer on it. I can also record a thorough video walk-through if you prefer it. 

Closing Time


I will transfer keys in the safest way possible and provide keys to your new home. I promise to take pictures and videos from afar. 

You can be rest assured that I do have your best interest at heart and your health and safety is my top priority. Now, the question is when are you ready to own your dream home?


WELCOME HOME!



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


Angela Carpio, Realtor

6192285034

AngelaCarpioRealtor@gmail.com

http://www.angelacarpiorealtor.com/

#angelacarpiorealtor




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