Welcome To My Homebuyers Page.  Here, you will find lots of practical information about YOUR homebuying experience.

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While Real Estate is the single largest investment most people will ever make in their lives, it is also one of the few purchases that are negotiated BEFORE the Buyers have had a chance to fully investigate the propertys condition.   There are basic assumptions that Buyers make, based upon how the property has been advertised.  However, it is the Buyers responsibility to investigate and confirm that the condition and other attributes (advertised or not) of the property are acceptable to the them before proceeding to complete their purchase.  

No one wants to contract a case of buyer's remorse. Buyers and sellers are both susceptible to different forms of stress reaction known in the real estate field as "Buyers' Remorse" and "Sellers' Remorse". Fortunately, neither one of these conditions are contagious to real estate agents!  An important part of our job is to help our Buyers through their buying jitters with understanding and humor. If no one wants to catch a case of Buyer's remorse, why do some Buyers suffer from it? The answer is simple, mostly because Buyers become engaged in a transaction without enough knowledge and information to begin with.

The best way to make sure that you choose the right home is to properly prepare yourself. The purchase of a home is a tremendous investment, both monetarily and emotionally. The purpose of this page is to provide you with some tips that will help your transaction progress smoothly and result in you becoming a confident, fully satisfied and happy homeowner.

If you have ANY QUESTIONS I am always just a phone call or email away. (858) 672-2707

  • Being Prepared.  Your home is likely to represent one of the largest investments in your life.

    If you are a First Timer - don't despair!  I am a Specialist in helping First Time Homebuyers make the successful transition from Renter to Homeowner

    I will take the time to go through each and every step of your purchase process. And no, there ARE no dumb questions! 

    Together, we will consider:
        - How much home can you really afford? 
         - How to qualify for a home loan and the best type of loan for you.
         - How much down payment you will need and how much you will need to             

         pay for ordinary closing costs.

         - How you may buy a home with little or nothing down payment. 

         - What it takes to get approved for financing. What Lenders and financial

            institutions are looking for.

         - How much your house payments will be and your total monthly cost of owning a home

            versus renting.
         - Planning and budgeting for your home purchase.
     
     
  • Getting pre-qualified, then pre-approved for your home purchase loan. Do you already know how much home you can afford? There is nothing more frustrating than looking for a home, finding the perfect home, and then discovering that it is out of your price range. Call me to learn about the different financing options available to you. My goal is to make sure you feel comfortable and confident with the right financing package.  I want you to have a thorough understanding of the costs and expenses involved in Buying and Owning a home.  Remember, I am not just a Realtor®, I am also a Lending Professional with a thorough knowledge of the lending process.  Once you are entirely comfortable with the expected outcome of your particular purchase scenario, we will begin the process of getting your loan application materials prepared so that you will be ready to buy when you find the right home.
  • Avoid major purchases before your home purchase.  If you take on more debt right before buying a home, it is going to have an impact on the amount of the loan that you have been pre-qualified for.  I have seen some less fortunate persons purchase new vehicles just before approaching me for a home loan.  Sadly, I had to inform them that the $600 car payment they just took on meant they just lost $90,000 (!) of home purchase loan potential.  Many times, taking on a new car payment or lease can mean the difference between finally making home purchase dreams come true - or sharing a crowded parking space at the apartments - a few years longer. Even 'deferred payment' purchases of furnishings and appliances will hinder your purchase potential.  When in doubt, ask before committing yourself to any long term credit obligations.
  • Sign up for Property Watch. In order to make an educated decision you need to know what is available and how much it is going for. You can browse all the active listings from my website. Once you have found some homes you like save those searches and sign up for property watch so that new listings that meet your selected preferences will be emailed to you as they come onto the market. The best homes move fast so you need to make sure that you are on top of the available inventory at all times so you do not miss out.  You may easily notify me of any homes that you have an interest in seeing and we will arrange a tour.
    • Of course, when we are in the hunt for your next home in earnest, I will be busy checking all possible resources daily, including 'For Sale By Owners', driving neighborhoods, attending Broker Open House Events in those areas, letting my Broker/Realtor® Network know the type of house we are seeking, sharing intelligence on potential homes that are just being prepared for sale, and pre-viewing potential properties in the areas you have indicated a preference - with an eye toward finding the exact home that matches what you are looking for.  As your Buyer Agent, I leave no stone unturned in the search for your new home!
  • Always Ask Questions.
    Remember - There are NO dumb questions!
  • Get It Inspected
    We recommend that you make a professional home inspector part of your home purchase team.
    It is the home inspector's job to find any skeletons in the closet or in the plumbing, wiring, roof, basement and beams.

    The inspector you hire won't pass or fail a home based on what he or she finds, but will go over the house thoroughly to help you to understand the condition of the property you are buying. If there are any serious problems, your inspector can give you a realistic idea of how much the repairs will cost. If there are material defects that were not disclosed by the Sellers and thus not reflected in the asking price, you will have the opportunity to re-open negotiations with your sellers before you commit to the purchase. A good inspector will also explain the operation of the basic emergency systems such as the main water cut off valve and the circuit breaker box, and will go over items that will need routine maintenance.
  • Inspect, Inspect, Inspect.
    Remember I said that Real Estate Purchase Agreements are negotiated BEFORE the Buyers have had a decent chance to truly inspect the property?  Here's where the Home Inspection Contingency Clause becomes the your best friend.  Home and Structural inspection contingencies are a common feature of home purchase offers. You, as buyer, are allowed a certain number of days to have an your home inspector look over the home, examining the structure, plumbing, wiring, roof, and appliances to provide a realistic idea of what condition your selected home is in.

Most California Purchase Agreements include a contingency clause that permit Buyers to hire a home inspector or structural expert or contractor to inspect the property. If there is a significant defect in the property, the buyer may cancel the contract without losing their earnest money deposit or renegotiate the original offer price to account for any unexpected repairs. Contingencies are excellent features of the Purchase Offer that protect both the Buyer and the Seller.

The time period for inspection contingencies is negotiable. In California, buyers usually have about 2 weeks in which to cancel the contract if their home inspection reveals a serious and consequential defect that cannot be repaired by the Seller or Sellers Contractor. The positive side to such contingencies is that the inspection process usually lays to rest any misgivings, and firms resolve to move ahead with the purchase.

  • Termites
    California purchase agreements have clauses that deal with termites. After the agreement is ratified, a termite inspection is arranged. Before the closing can occur (where a Lender is involved), the Sellers must be able to produce papers prepared by a licensed exterminator stating that the house is free of infestation or infection, and that any termite,wood fungus, or dry rot damage has been repaired.

    Before you sign an agreement to buy or sell a home, you should read the termite clause and be sure that you understand it. Who selects the exterminator and pays for the inspection? If bugs or wood rot/fungus are found, who pays for the treatment? Are the sellers obligated to repair any damage and have they placed a limit of the dollar amount they will spend on those repairs? If treatment is required, the buyers may want a chance to discuss treatment options with the pest control company, especially if someone in the family is sensitive to the chemicals commonly used to control the termites. Ask about the exterminator's guarantees or extended service contract options.

 

 

 

 

David Sones, Broker - Realty Success Group
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