Diana Falter Realtor

The Title company ensures that there are no issues with the title of the home. There is a lot of fraudulent activity that goes on in the world, so the Title company will come in and ensure, for example, that the person selling the home is really the home owner and has a right to sell the property. They verify a whole host of things to ensure that no one comes to you a year after you buy the house, and claims that they’ve owned the land and home since 1855 and no one should’ve been selling the house because it is legally theirs (yes, this has happened). When you purchase the home, you should get Title insurance. Because the title company is verifying all these things wont happen, and then, they issue you title insurance so that in the case they miss something, they may pay off either you or the person claiming the property.

Your earnest money deposit is your “skin in the game” as a buyer. It is your commitment that you will perform on the contract that you submitted as your offer. You don’t lose that money until you cancel the escrow AFTER you’ve already waived your contingencies. If you cancel the escrow BEFORE you waive your contingencies, then your earnest money wont be at risk.

Upgrades for a home vary from house to house, but the general most important upgrades that’ll get you the biggest bang for your buck would be the kitchen, flooring, paint, and bathrooms. When people are buying a home, they’re emotional. They walk in the home, and they think, how does this home make me feel? So the nicer the upgrades, the nicer they’ll feel when they walk inside. The downside is, you want to be careful you don’t over upgrade your home to the point that you’re not able to get that money back when you sell.

That’s a loaded question. Sometimes it is, sometimes your home is fine the way it is. When you hire us, we’ll be able to assess your staging needs & guide you in the process of marketing your home & presenting it in the best light.

There’s a lot that you will have to do when selling a house, but the most important is the disclosures. California is a full disclosure state, so you’ll need to tell the buyer absolutely everything that may or may not entice them to buy the home. The bad news is, your home is painted in the worse light possible. The good news is, so is every other house for sale, so it doesn’t look so bad.

First, you’ll begin by interviewing and hiring a qualified realtor. Then, once your home is ready to put on the market, you’ll have showings at your home. This is often times the most difficult because strangers are coming & looking through your home while you’re away. Then you get offers, you choose an offer, and you open escrow. At the opening of escrow, you’ll need to deliver a bunch of disclosures to the buyer. They’ll go through their contingency periods, you’ll likely have inspectors and an appraiser come over & look through the house and you may be asked by the buyer to do some repairs on the home. You’l negotiate with the buyer, come to a conclusion, and after everything is finalized, you’ll be ready to close escrow and you get paid!

There are several things you should do when beginning the process of selling your home. If your home has solar panels that are leased, you'll want to contact the company ASAP to notify them of your soon relocation. Your home doesn't have to look like it's straight out of HGTV, but you'll want to start considering doing some upgrades to sell your home for more. The best place to start is by contacting Diana Falter. She'll be able to walk you through every step of the process and show you what you can do to net the most money from the sale of your home.

Your Realtor should have a full force marketing plan. They should know how to get the most buyers out to your home & help get your as many offers as possible. The more offers you have, the more power you have as the seller. Because then you have leverage and get to choose. When you don't have options, you don't have power. In addition to marketing, your realtor will guide you through every step to ensure you're making the best decision when making such a huge financial transaction. They'll connect you to the right vendors, help you strategize, go through the current real estate market, and help you choose the best buyer for your property.

Besides the down payment, you will have to consider the closing costs involved in a transaction. If you're putting less than 20% down, the bank may require you to pay 6 months of property taxes in advanced. Property taxes vary from city to city, so ask a realtor to determine what that'll look like for you. In additional, you'll need to start up a home insurance policy. Call your car insurance company & see if they'll give you a good deal for also getting your home insurance with them. If you still want to shop, contact Diana Falter & she'll be able to connect you. If your home is located in an HOA, the HOA will likely have some things they'll ask you to cover. Often times, the seller & buyer split the escrow services cost.

There are a lot of strategies that you can use to help get your offer accepted in an intense sellers market. A few basic things, like making sure you're submitting your offer with a full earnest money deposit, a proof of funds, & desktop underwritten approval will get you in the game of consideration. There are several other things you can do as well to get your offer accepted. Call/text/email Diana Falter & she'll be able to go through all the details with you & develop a customized strategy to help you win faster.

Your contingency period is a period of time you have while purchasing a home, that you can back out of the purchase with no repercussions to you. You have 3 contingency periods in a standard purchase. You have your inspection contingency period, appraisal contingency period, and loan contingency period. During the inspection contingency period, you can cancel the escrow for any reason. During the appraisal contingency period, you can cancel the escrow if the appraisal comes in too low and you can't make up the difference. During the loan contingency period, you can cancel the escrow if something goes wrong with the loan & it is not able to go through. If you have waived all your contingencies and then you cancel the escrow, you will lose your earnest money deposit.