Easy Living In San Diego

rowlingrealty Real Estate Articles Leave a Comment

The San Diego real estate market is one of the fastest growing markets in the country. The average temperature in San Diego is 70 degrees all year round, it is a great place to raise a family, and the cost of living is lower than many other parts of California. These reasons are leading more people who are thinking of moving to check out san diego homes for sale. There are also historically low interest rates for first time home …

The Home Sale: Securing the Deal

rowlingrealty Real Estate Articles Leave a Comment

Ready to close the deal? Maybe not. Sometimes unforeseeable issues arise just prior to closing the sale. Hopefully, with negotiation, most of these have a workable solution. Unfortunately, this is not always the case. But don’t panic. Another buyer might still be found who is willing to accept the house as is. Imagine that your prospective buyers are a couple with young children. They envision your unused attic as the perfect playroom for the kids but, before closing the deal, …

What is a CMA and Why Do You Need One?

rowlingrealty Real Estate Articles Leave a Comment

CMA is real estate shorthand for “Comparative Market Analysis”. A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace. The first thing an agent will need to do to provide you with a CMA is to inspect your property. Generally, this inspection won’t be overly detailed (she or he is not going to crawl under the house to examine the foundation), nor does the house need to be …

Traversing the Pitfalls of Home Inspections

rowlingrealty Real Estate Articles Leave a Comment

June and Fred Smith were diligent about getting their home ready for sale. They ordered a pre-sale termite inspection report. The report revealed that their large rear deck was dry-rot infested, so they replaced it before putting their home on the market. The Smiths also called a reputable roofer to examine the roof and issue a report on its condition. The roofer felt that the roof was on its last legs and that it should be replaced. The Smith’s didn’t …

Risks Of Remodeling Without A Permit

rowlingrealty Real Estate Articles Leave a Comment

Most cities require that homeowners obtain a building permit before making modifications to their residence. Which modifications require a permit vary by city. Also, some cities are more vigilant than others in enforcing permit laws. In order for the homeowner to receive a permit, the homeowner or his/her designee are required to file plans and pay fees to the city. In addition, the improvements are given a value. If they increase the value of the property, this may result in …

You’ve Opened Escrow, Now What?

rowlingrealty Real Estate Articles Leave a Comment

Congratulations, you are on your way to owning your very own home! Follow these suggestions (and your realtor’s advice) so that escrow and settlement will go as smooth as possible. You will be asked for a down payment on the home you are purchasing. You can choose to put down as much or as little as you want (depending on your mortgage), but remember, the more you put down toward the total price of your home, the less time it …

Getting the Best Rates for Your Mortgage

rowlingrealty Real Estate Articles Leave a Comment

Naturally, you want to get the best deal for the least amount of money. This holds true for mortgage rates as well. A lower interest rate means a lower monthly mortgage payment, which can save you money in the long run. Also, it is easier to qualify for a lower payment than a higher one. You basically have two routes to finding the best rate. The first is to do all the research on your own. The second is to …

Types of Mortgages

rowlingrealty Real Estate Articles Leave a Comment

Fortunately for buyers, there are a variety of mortgages to choose from. It is in your best interest to investigate each of them to determine which is the best for your situation. You probably won’t qualify for all of them. In fact, you may only qualify for one. But if you do qualify for more than one, you may save yourself money (and worry) in the long run if you do your homework before signing on the dotted line. Fixed-Rate …

How to Negotiate with Seller

rowlingrealty Real Estate Articles Leave a Comment

Buying a home is one of the most important purchases most people will make. In order to make the right decision the first time, potential buyers need to be prepared. Consider the following before starting negotiations: Be prepared. Research the housing market in the target area. Once you have information about the general area, focus on the particular property and seller. Look for answers to questions such as: Why is the homeowner selling? (If they’re moving because they find the …

Advice For First-Time Buyers

rowlingrealty Real Estate Articles Leave a Comment

Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home. Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, …