HOME TEAM REALTY – TORRANCE RESIDENTIAL REAL ESTATE SERVICES – HOMES FOR SALE AND LEASE – BY DAVID S LE MONTREE, GRI
California weather is amazing! It is sunny out almost all year long. The beaches are great, the homes on the strands at the beach are modern and have lots of style, it is a site to see. The shopping is good, there is a lot to explore, great hotels, restaurants, nightclubs, marinas, golf courses and yes, the country’s most sought after real estate! Manhattan Beach Redondo Beach, Torrance, Rancho Palos Verdes, Los Angeles, Beverly Hills, Santa Monica, Malibu are some of the world’s most well-recognized brands, synonymous with ultra-luxury, golden white beaches, fine dining, shopping and some of the most beautiful architectural landscapes in the country. Ask about our real estate services we offer exclusive representation for buyer and sellers. Request a consultation.
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Homes, condos and land for sale and rent in Torrance, CA Torrance is a city in the South Bay (southwestern) [...]
RESIDENTIAL REAL ESTATE SERVICES – CLICK ABOVE TO VIEW ACTIVE MLS LISTINGS AND GET OPEN HOUSE DATES AND TIMES
Home Owner – If you’re planning to sell your home, it’s probably crossed your mind to try to sell it yourself and save the sales commission. But, there are some very good reasons why that would be a mistake. According to housing industry experts at HomeGain.com and Realtor.org, more homes listed by real estate agents are sold than homes marketed by owners, and they sell more quickly and for more money. Homes listed by real estate professionals get more exposure and their sellers get more support.
Real estate professionals offer many advantages.
Realtors are trained and licensed professionals.
We have experience in your neighborhood and your market.
Continuing education keeps us up-to-date on housing issues.
We know how to present your home and deal with buyers.
We know how and where to market properties.
We understand state-required disclosures and look out for your best interests.
We have the best resources from bankers to home-stagers to contractors.
We have the most accurate data sources – up-to-date listing and sales information.
We know how to negotiate.
Our job is making real estate transactions successful.
When you market your own home, you have to find the time to do all the jobs a real estate professional would do, and you’ll be competing against other sellers who have real estate professionals by their sides.
My marketing plan for your home Includes:
Multiple Listing Service (MLS) exposure for your property with multiple color pictures
Includes a clearly visible yard sign and brochure box on your property
Includes a lock box for easy showing access
Includes featuring your home on my website and on public MLS.
Includes marketing campaign, MLS listing, networking, and public web exposure.
Includes holding open house on weekends until your home is sold.
Includes cross pre qualifying prospective buyers offers with a 3rd party lender.
Includes calling prospective buyer agents for feedback after showings
Includes staying in contact with you always keeping you informed.
Includes handling all contracts and paperwork (assisting with paperwork)
Includes seeing the transaction through to the close of escrow.
Sell your home with local south bay area real estate expert!
Realtor Explanation of Real Estate Market Value – Selling Your Home – Appraisals & Market Value
How is a home’s value determined and why? The Banks use an appraiser to determine market value. They want to be sure the home is really worth the amount being loaned to the buyer. If the buyer ever goes into default or property values drop or the home values go upside down in a down market, either the owner will do a short sale or the bank will foreclose. The bank will sell the property to recover as much of the original loan amount as possible to avoid loss. That is why it is standard that in most purchase contracts that almost all home sales must appraise at full purchase price. You have several ways to determine the value of a home. An appraisal is a professional estimate of a property’s market value, based on recent sales of comparable properties, location, square footage and construction quality. This service varies in cost depending on the price of the home. On average, an appraisal costs about $450 dollars. Appraisers do a more detailed analysis than a realtor but they are similar.
Realtors use a comparative market analysis to determine market value. A comparative market analysis is an informal estimate of market value performed by a real estate agent based on similar sales and property attributes. Most agents offer free analysis in the hopes of winning your business. NOTE: You can get a FREE residential home market analysis Instantly by typing your address in the form below.
If you are planning on selling your home and you need a good agent please contact me for a seller consultation. I will be happy to talk to you about about the possibility of listing and selling of your home. MAKE AN APPOINTMENT
Sincerely Yours, REAL ESTATE BY DAVID S LE MONTREE, GRI
HOME TEAM REALTY TORRANCE
CMA: COMPARATIVE MARKET ANALYSIS
WHAT’S YOUR HOME WORTH? Find out with a comparative market analysis.
REAL ESTATE SERVICES THAT MEET BUYERS EXPECTATIONS
BUYER REPRESENTATION SERVICES: To help you find and purchase a home we will:
• Discuss your home requirements, including style, location and price.
• Negotiate the best price and terms for you and give you a copy of everything you sign.
• Provide information on homes of your choice in your area and price range.
• Provide current listings of properties matching your search criteria .
• Provide you with the fastest listing alerts available so you get to see all properties on the market.
• Arrange Property showings on a daily basis until we find you the perfect home.
• Show you the entire area you select, school Information, shopping areas, recreational facilities.
• Discuss the benefits and drawbacks of each home in relation to your specific needs.
• Obtain the necessary information on taxes, building permits, inspection reports and comparable sales.
• Give you a estimated settlement expense sheet for any home you make an offer on – NO surprises!
• Handle all the details and negotiations, carefully explain all written documents
• Refer you to a knowledgeable financial lender.
• Help in locating all utilities and services.
THE HOME BUYING PROCESS
The first step to buying a home is to get Pre Qualified for a loan. After you are pre approved for a loan, you will be able to figure out your numbers and then I will find a home for you that that matches your budget. When we find you the perfect home we will make an offer on the home. I will negotiate the best possible price and terms for you.
The first step when making an offer will be to determine the purchase price to offer. We will do that by reviewing comparable recent sales of the same sq footage homes within a 1 mile range of the subject property. We will add and subtract for upgrades and/or work that needs to be done on the property to get the home in good condition taking into account any other competing offers on the property. We will also consider how bad you want the property. Using that information I will structure an offer that is to your best interest. I will then submit the offer and we will wait for an answer. If necessary we will counter back and forth until we reach a meeting of the minds or agreement on price and terms. After we have an accepted offer we will open escrow and start the escrow process.
The first thing we will do after your offer is accepted and opening escrow is schedule a home inspection. The inspection cost will depend on the square footage of the home. Second thing I will send a copy of the contract to your lender and they will start to process your loan. The lender will order the appraisal. IN most cases the buyer will have to pay $450-$500 out of pocket for the appraisal. You will also have to pay for your home inspection $250-350 depends on the living square footage of the home. These are your only expenses at this time…Toward the close of escrow you will bring in the balance of your down payment and closing costs into escrow and sign your loan documents. This will happen just before the close of escrow…Escrow will fund your loan and then close escrow will close in a few days. All purchase contracts include an inspection contingency. The standard contingency period is 17 days and it can be changed or negotiated when making the offer. The contract allows 17 days to approve of all matters effecting the property including the inspection, the appraisal, reviewing the disclosures, title report, natural hazard report and to approve of all matters effecting the property. If you are going to make a request for repair or request for a credit for repairs, we do it during the 17 day contingency period. You will want to review the contract and make a list of important dates. These will include such things as the contract contingency deadlines and the actual closing date. I will keep you posted on these timelines..
Please feel free to contact me for more information and for a consultation on buying a home….Call David (310)920-3182
RESIDENTIAL REAL ESTATE SERVICES – LISTINGS OF HOMES FOR SALE AND LEASE – JUST LISTED
How much does my real estate agent need to know?
Real estate agents would say that the more you tell them, the better they can negotiate on your behalf. However, the degree of trust you have with an agent may depend upon their legal obligation. Agents working for buyers have three possible choices: They can represent the buyer exclusively, called single agency, or represent the seller exclusively, called sub- agency, or represent both the buyer and seller in a dual-agency situation. Some states require agents to disclose all possible agency relationships before they enter into a residential real estate transaction. Here is a summary of the three basic types:
* In a traditional relationship, real estate agents and brokers have a fiduciary relationship to the seller. Be aware that the seller pays the commission of both brokers, not just the one who lists and shows the property, but also to the sub- broker, who brings the ready, willing and able buyer to the table.
* Dual agency exists if two agents working for the same broker represent the buyer and seller in a transaction. A potential conflict of interest is created if the listing agent has advance knowledge of another buyer’s offer. Therefore, the law states that a dual agent shall not disclose to the buyer that the seller will accept less than the list price, or disclose to the seller that the buyer will pay more than the offer price, without express written permission.
* A buyer also can hire his or her own agent who will represent the buyer’s interests exclusively. A buyer’s agent usually must be paid out of the buyer’s own pocket but the buyer can trust them with financial information, knowing it will not be transmitted to the other broker and ultimately to the seller.
What is the standard debt-to-income ratio?
A standard ratio used by lenders limits the mortgage payment to 28 percent of the borrower’s gross income and the mortgage payment, combined with all other debts, to 36 percent of the total. The fact that some loan applicants are accustomed to spending 40 percent of their monthly income on rent — and still promptly make the payment each time — has prompted some lenders to broaden their acceptable mortgage payment amount when considered as a percentage of the applicant’s income. Other real estate experts tell borrowers facing rejection to compensate for negative factors by saving up a larger down payment. Mortgage loans requiring little or no outside documentation often can be obtained with down payments of 25 percent or more of the purchase price.
What can I afford?
Knowing what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have. In general, lenders don’t want borrowers to spend more than 28 percent of their gross income per month on a mortgage payment or more than 36 percent on debts. It pays to check with several lenders before you start searching for a home. Most will be happy to roughly calculate what you can afford and prequalify you for a loan. The price you can afford to pay for a home will depend on six factors:
1. gross income
2. the amount of cash you have available for the down payment, closing costs and cash reserves required by the lender
3. your outstanding debts
4. your credit history
5. the type of mortgage loan you select
6. current interest rates