Sell

“The Cove”

Priced to sell $237,000 

Beautiful turnkey home nestled at the base of the San Jacinto mountains in the quiet, very desirable community called “The Cove”. This home is well maintained and clean inside and out! The kitchen features granite countertops and an open floorplan that leads into the living room. The front and backyard are fully landscaped with water wise plants and rockscape. All 4 of the bedrooms are located upstairs. Good sized master bedroom and bath with walk in closet. The community offers two private, gated parks for residents only. Great veiws of the mountains and a great location off of Warren Rd. close to Dominagoni Parkway and the 79. Minutes away from schools and shopping.

Please contact Miguel Aguilar at 951-634-8843 or Miguel@MiguelsWorld.org

 

 

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Listing

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Buyer Or Investor Wanted

Ok looking for a buyer or investor who is looking for a single story
Property Type: Single Family Residence
Bedrooms: 4
Bath(F,T,H,Q): 2.5
Sqft (Src): 2,122 (Assessor’s Data)
Ac/LotSqft (Src): 0.13/5,662 (A)

Purchase price $265,000 with tenants till Sept at 1700.00 Monthly
please email me miguelsworldgmail.com
www.MiguelsWorld.org

Knowing Your Home’s Value

Knowing Your Home’s Value

Your home is one of your most important investments and financial assets, but do you know its value? If you hesitate to answer, don’t worry, you’re not alone. Even if you’re not trying to sell right now, there are other reasons that you may want to know your home’s market value. And knowing this number can help you move quickly when it’s time to make a decision about any of the following actions.

Selling your home.
There might come a time when you need to sell your home. You might get offered an out-of-state job opportunity, determine it makes financial sense to downsize, or need to look for a larger home if your family is expanding. If you are ready to buy another home, your current home’s value can narrow down your options for your new purchase, and I can show you the financing options that will be available to you. Knowing your home’s market worth would certainly help you make an informed decision, and put you in a position to more quickly respond.

Refinancing your home.
There are a number of reasons to refinance. For instance, you might be able to finally tap into current low rates, or you might desire better terms. You can find out if you will qualify for a traditional refinancing program or if you may be eligible for the HARP II refinance program, which allows homeowners who owe more than their home is worth to restructure their loans into more stable products with a lower rate. Until you know your home’s value, you won’t know how advantageous or disadvantageous a refinance would be from a financial perspective. I’d be happy to assist you in exploring whether refinancing makes financial sense for your unique situation.

Making home improvements.
While you might have mulled over how home improvements, such as a bathroom makeover, new countertops, or perhaps an addition, could improve your enjoyment of your home and mused at what additional value they might bring, you really don’t know until you’re aware of your home’s value. Check what other homes in your areas have sold for, and pay particularly close attention to any sold properties that had upgrades similar to or the same as yours in relation to those that don’t. Once you get an idea of what your home might sell for, you can see if the upgrades you are considering are worth the expense, or if you might want to go with a more cost-effective option.

Reassessing your taxes.
Your county assessor’s office reviews property values on a periodic basis, and makes adjustments based on a property’s market value. In a down market this can mean much lower property taxes. Being aware of your home’s value can put you in a position to anticipate changes and do some tax and financial planning accordingly. That said, many assessor offices only shift their regular assessments by a maximum amount or percentage of the previous year’s value. However, many states offer an appeal mechanism that can help you push for a lower reassessment to ensure an even more advantageous (and fair) property tax break. But the key is to know your home’s actual value and be able to document it.*

So, how do you determine your home’s value? Your first instinct might be to go to a popular website or download an app for online services that provide estimated real estate values. While these services might offer some instant gratification, they might not take in all the factors and trends that will give you the most accurate estimate of your home’s worth.

Especially if you are considering a move, the best option is to go to a real estate agent that has expertise in your marketplace. An experience professional who is familiar with the properties in your area and has been involved in numerous local transactions will have not only the tools and information but also the context and expertise to get a more accurate read on your home’s true market value. An experienced agent can bring insight into your local market and help you see opportunities that you may not have considered before. This also gives you the opportunity to find a trusted agent that you can work with when it’s time to buy or sell.

 

Please call with any questions to 951-634-8843 or email me at miguelsworld@gmail.com

Hot Mortgage Keywords

 

Hot Mortgage Keywords

If you’re thinking of obtaining a mortgage, whether for a new purchase or a refinance, it’s a great idea to do some exploration beforehand to familiarize yourself with the process and what you can expect during your loan application, approval and closing. To help you better understand your options and make an informed decision when it comes to selecting your new home financing, we’ve gathered some of the most frequently used mortgage industry terms together for you to keep as a handy reference guide. If you have further questions about any of these terms or any other parts of the home loan process, please feel free to give me a call!

Annual percentage rate (APR): this is the actual interest rate you pay to borrow money. The APR includes the base interest rate, points, and any other add-on loan fees and costs. All lenders must follow the same rules to ensure the accuracy of the APR, so it provides consumers with a good basis for comparing the cost of loans from different lenders.

Automated Underwriting: we run your loan application through a computer system that evaluates certain numbers and information to determine if the loan appears to meet program guidelines.

Cash-out Refinance: a refinance where you borrow more than you need to pay off the original loan to get cash in hand. It’s an alternative to a home equity loan.

Closing costs: these fees are typically not part of the actual mortgage, and include such costs as title search, origination fees, discount points, prepayment of taxes and insurance, and real estate transfer taxes.

Disclosures: within three days of my receiving your fully completed loan application, you will receive these legal documents that explain your rights as a borrower on a mortgage loan. Disclosures will also show you the details of your loan amount, costs, monthly payments and payback terms.

Discount points: you can pay points at closing as a type of buydown in order to lower your overall interest rate and mortgage payment. One point equals 1% of the home loan value.

Good Faith Estimate: this is a federally regulated estimate of all the fees associated with your closing coats, including pre-paids, escrow items and lender charges.

Home price index: this is an industry tool that provides historical data on residential home prices in various regions.

HUD-1 statement: this document itemizes all of your closing costs and shows the fees you paid, such as real estate commissions, loan fees, points and escrow amounts. Also known as the settlement sheet or closing statement.

Loan modification: your lender may be able to modify the terms of your loan to make it easier for you to continue making payments and avoid foreclosure, without refinancing the loan. Generally it involves reducing the interest rate and thus the amount of your monthly payment for a fixed period of time.

Loan origination fee: the fee you pay for the lender’s services in administering your loan. A loan origination fee of 1 to 2 percent of the mortgage amount is common.

Loan-to-value (LTV) ratio: your lender will divide the amount of the loan by the asking price of the home and come up with a percentage. A high LTV, such as 90%, means you only have to come up with 10% cash as a down payment, while a lower LTV, such as 70%, means you need to come up with more cash to put down, but you may avoid the need for private mortgage insurance.

Mortgage insurance: when buyers take out a mortgage with less than 20% in cash to put down, lenders require them to pay mortgage insurance, a monthly premium that is added to the mortgage. This protects the lender should a buyer default on the home loan.

Mortgage Qualifying Ratios: these are the front-end and back-end ratios, which we use to calculate how much of your income is spent on your bills and how much will go toward your mortgage.

PITI: principal, interest, taxes and insurance: the four elements of a monthly mortgage payment. Payments of principal and interest go toward repaying the loan, while the payment for taxes and insurance goes into an escrow account to cover those fees when they are due.

Processing fees: lender fees associated with creating the loan or mortgage, usually part of closing costs.

Rate lock: this guarantees your interest rate for a set period of time while you complete the purchase of your home. Rates locks do expire but they can be extended, generally for an additional fee.

Secondary mortgage market: when we originate loans, we often sell them on the secondary market in order to raise more capital for more loans. Investors purchase our residential mortgages as a financial tool.

Truth-in-lending disclosure (TIL): this document discloses your interest rate, loan amount, the amount you will have paid upon the loan’s maturity and other relative financial information.

Underwriting: this is where your loan application is analyzed to ensure you will be able to repay the loan.

 

Please contact my preferred lender at WJ-Bradley http://mywjb.com/ron-thompson/

  1. Ron Thompson
    Loan Officer
    43620 Ridge Park Drive
    Suite 210
    Temecula, CA 92590
    Work: 951-795-4768
    Cell: 951 225-2113
    Fax: 951 694-9225
    NMLS# 247688

Are You a Buyer or a Seller?

Are You a Buyer or a Seller?

Due to the current state of the real estate market there are many new buyers and sellers entering and exiting the market. Which one are you? As a buyer or a seller there are many considerations that need to be made and Realty World and Associates are here to make that process as stress-free as possible!

Potential buyers need to consider many things before deciding to purchase a home. To make it easier, you may want to review the 9 Steps to Home Ownership. When buying a home it is important to be prepared. Before you look at your first house you should ask yourself these questions:

  • How much cash are you going to have for a down payment?
  • Are you prepared to write a check for the earnest money deposit? (Earnest money deposit is the deposit that you will need to make when submitting your purchase offer.)
  • Will you have additional monies that may be needed to cover closing costs?
  • What is the maximum monthly mortgage that you can afford?

For more buying tips and advice please visit Realty World and Associates Home Buyer’s Guide.

Currently, it is well documented on how many sellers are attempting to exit the real estate market. Before attempting to sell a home the seller(s) must take into account many important variables. For example a seller should consider:

As you can see from the above information there are many variables that go into properly buying or selling a home. So be sure to contact a professional today that you can trust! Remember at Realty World and Associates, “The Right Real Estate Agent Makes All The Difference!”

Resources:

Infinity Mortgage get pre-qualified by Peter today.

Strachota Insurance get an insurance quote from Tena.

Southern Cal Moving and Storage get a moving and/or storage quote from Ed today!

 

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