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Helpful real estate info from the pros.
Wire Transfer Fraud Warning
Everything in your real estate transaction is going smoothly and you are ready to send your money to escrow. Just a few steps in the transactions and you will have your dream house. Even though everything seems to be going well, you’ll need to be very aware...
California Real Estate Market Update
The California real estate market is sizzling and continues to sizzle… As we all see with the influx of tech companies in the area, low inventory is prevalent and prices continue to increase. Prices are increasing, which makes it challenging for...
How Will a Short Sale Affect My Credit Score?
Borrowers often ask, “How Will a Short Sale Affect My Credit?” An individual’s credit rating affects their ability to obtain financing and obtains favorable rates. FICO, the Fair Isaac Corporation, is the most widely used credit scoring system in the world....
What are the Tax Implications from a Short Sale
Tax Implications Borrowers are often concerned about the tax consequences of a short sale. This is because, up until fairly recently, mortgage debt on a primary residence that was forgiven from a Short Sale or Foreclosure could be counted...
Do You Qualify for a Short Sale Transaction
Many people wonder why the bank would allow them to participate in a short sale transaction.Can anyone short sale their property? In all short sales, the bank must assure that the borrower qualifies for the transaction. Most mortgage lenders...
Frequently Asked Questions about Short Sales
Frequently Asked Questions about Short Sales Here are the answers to the most Frequently Asked Questions about Short Sales: 1. I can’t make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want...
The Short Sale Process
The Short Sale Process begins when you sign a listing agreement to list your home for sale. At this time, your real estate agent will collect a number of personal documents that will be sent to your mortgage lender as part of a short sale...
Why Do a Short Sale?
Many borrowers wonder, “Why bother with a short sale? Shouldn’t I just let my property go to foreclosure?” – In most cases, the answer is ‘no.’ A short sale is a much better alternative to foreclosure or a deed-in-lieu of foreclosure because a short sale is...
What Is a Short Sale?
GENERAL INFORMATION Mortgage default is occurring in record numbers in San Diego County, particularly in Escondido, San Marcos, Vista, Oceanside, Carlsbad, Encinitas, Fallbrook, and Valley Center. A significant percentage of California borrowers are behind...
Tips To Sell a Home Safely During the Coronavirus
Good news for home sellers: You are in a good position right now as there is little supply of homes for sale and there are quite a large number of buyers shopping around. The coronavirus has definitely reshaped the way we do real estate. Aside from observing social...
How to Save $100k To Buy Your New Home
Buying a home is often the largest purchase one will make in a lifetime. And saving $100K on your next home sounds crazy, right? While saving up for a whopping six-figure milestone down payment may be a challenge for some, it is not actually impossible. How to save...
Considering a Fixer-Upper? Signs to Avoid a Money Pit
There are times when buyers can score a great deal on fixer-uppers. Sometimes, when a property just requires too much TLC, it eventually turns out to be not a good investment after all. Before making an offer, keep a keen eye on some signs of a money pit property:...
4 Easy Things to do to Make Your Home a Happier Place
When your entire life is happening inside your home, especially these days, it matters how that space feels and functions. Your space should feel like an oasis -- a refuge from all the not-so-good things happening in our lives. In fact, there are simple tweaks you can...
What Coronavirus Means For Your Mortgage
So many people throughout the United States and throughout California are impacted by COVID-19, the coronavirus. Many homeowners like yourself are probably full of questions, worries, and concerns about mortgage payments in light of the Coronavirus situation. We hope...
Buyers and Sellers – Surviving the Home Inspection
It's very important for both a home seller and buyer that the property fare well on the inspection, for it means no serious issues have been discovered. But what exactly are the things to watch out for? What’s in the Home Inspector’s Checklist? This depends on...
Legal Mistakes Home Buyers Make
First-time homebuyer? Good for you! There’s more to a home purchase than picking that one home you love. There are essential steps home buyers must keep in mind to make a home sale smooth and hassle-free. But did you know that there are some legal matters you...
Top Legal Mistake Home Sellers Make
When it comes to home selling, there is a right way and a wrong way to handle the process. At Broadpoint Properties, we work with the team at CRES Insurance to make sure that our sellers get top quality legal coverage during their home sale. To that end, there is one...
Gorgeous Greens: Ideas for Green Kitchen Cabinets
You’ve seen it all over this year — green is said to be the “it” color of 2022. If you’re feeling a bit playful and thinking of refreshing your kitchen cabinets, green is a good color to consider. Designers love playing with this versatile color and here’s proof....