Today’s market reports shows homes for sale hitting an all time low in medium housing prices. Paired with interest rates are near a historic low level, now might be one of the best times invest in purchasing real estate. Today's real estate market offers advantages to buyers, buyers need to be savvy and educated. Homes that are priced right, sell extremely fast and often for more than asking price. Knowing how to write your offer is just as important as getting in fast and quick. Too often, you will find a home for sale one day and off the market the next. Time is of the essance.

Since mortgage interest rates have dropped the doors have opened wide providing a world of opportunity to enter the real estate market place, especially for first time homebuyers. Also, with the tax credit still active, what an amazing time to purchase.

Purchasing a home is major aside from the largest financial purchase you may ever make, it’s probably also the most intricate. It is important to work with a qualified real estate professional. When you work with an Objective Real Estate agent, you will be fulfilled, not sold. Your mission is our objective.

We will take the time to cater to your specific needs and desires to help you identify the perfect property. We research the areas of significance, evaluate and analyze comparable properties and help you write a strong offer. We take the time to explain the transactions necessary in details. We educate buyers to assure they are well informed and able to make decisions based on facts. Not every agent is comparable, when you work with an Objective Real Estate agent, you are working with an experienced and educated agent.

When writing an offer, things you should consider

Making the Offer

In today's market there is an abundance of competition, especially in the price range of up to $250k. Request your agent to pull comparables to prove what price range homes are selling for. Also be certain that you comprehend that sellers are looking at the net offer, not the gross. In other words, if you are asking for closing costs, repairs, home warranty, etc... It is the offer price less the expenses.

Terms of the Offer

When writing an offer there are things to consider such as, loan contingency, appraisal contingency, financing terms, home warranty, termite, inspections, walk through, repairs, missing items such as appliances, fixtures, etc..

Offer / Response Time Frames

When writing an offer on a home, response times may vary based upon the type of sale. Today’s market has an overwhelming amount of short sales and foreclosures; this requires the banks approval and banks are slow to respond. A short sale is unique because the seller could accept your offer within days, however acquiring the lien holders (banks) approval may take several weeks or months. In a standard sale, response times can be quicker because there’s not a third party that has to approve the sale.

Finance Assistance

Although Objective Real Estate agents is not in the mortgage business, we have exceptional relationships with reputable banks and loan officers. We can assist in securing that you are getting the utmost deal on the money you are borrowing. It is complimentary and takes minutes if you would like an opinion.

Disclosures and Reports

In the process of purchasing a home, there will be a number of disclosures and reports you will receive. The reports included are; home inspection, title, appraisal, home owner association , CC&R's, transfer disclosures, natural hazard, termite, septic, perk, lead based paint and boundary survey . We are here to assist and help answer any questions you may have.

Escrow Instructions and Procedures

Any home purchased in the state of California will be handled by an escrow company and there is a mutual 3rd party which will execute what is in the contracts. They provide escrow procedures, turn them over for review and signatures. You will also be asked how you want to take ownership (vesting) in your new home. We recommend contacting the escrow company if you have any questions, however we will help with you them as well.

Good Faith Estimte / Estimated Hud

We encourage you to look over the Good Faith Estimate and when getting close at your Estimated HUD thoroughly to ensure the cost of buying a home is disclosed properly. Keep in mind banks are not required to disclose this yeild spread information, however we recommend you ask. This allows you to see exactly what the cost is and what the banks fee’s are before purchasing.

Objective Real Estate provides the expertise and superior service that exceed the demands of our clients. We will explain any and all items that may concern you. We ensure you as a client, that we will educate you to ensure you can make educated decisions on your mission to purchasing a home.