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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...
How to Prepare Your Home For Sale With Pets
We love our pets. But when it’s time to sell your home, it can be more challenging as a pet owner because living with pets can reduce your home's value. We are at Broadpoint Properties care so much for our furry friends and we’re here to help. If you’re worried that...
How COVID-19 Changed Our Lives and Homes
The past months have been a roller coaster of emotions for most of us. With many shelter-in-place policies and the public stuck in the four walls of our homes, still, a lot of things can happen. We reached out to a few folks to check in on them and learn about how the...
The Stress of Surprise Home Repairs
Life is full of surprises. But one that any homeowner is not so thrilled about are surprise home repairs. (Oh no!) Whether it be a water leak, or something just broke and needs replacement, the stress of home repairs can happen at any time and nearly half of...
It Pays to Make these Home Improvements
The bigger the home project, the bigger your risk may be. But don’t fret, the key to a successful renovation is only doing things that add value to your property. Over the years, we’ve helped many property owners rent or sell their home fast by doing a few edits in...
Mortgage Applications Point to Good News in the Housing Market
When COVID-19 hit the United States, many people began to worry about the economic outlook, including the housing market. Our office was fielding inquiries from people wondering whether they should sell or buy, and whether the market is going to drop as a result of...
To Mix or To Match: How to Choose Appliances for Your Kitchen
The kitchen is the heart of the home. If you’re currently thinking about renovating this space, you’re also probably considering buying new appliances. And if you’re asking yourself - to mix or to match, here are some of the most common concerns and we got you...
How Homebuyers Can Prepare for Spring
Buying a home in spring can be different from buying a home at other times of the year because of increased inventory, better weather conditions, end of school year and tax refunds. These factors tend to make spring a busy and competitive season for real estate. Gear...
Looking at Homes Online Vs In Person
The internet has made so many things a lot easier to find — even homes! It’s understandable that everyone wants to present their best selves online, and that’s where in-person meet ups come in to see if things are what they say they are. Below are the expectations vs...
Things to Avoid Before Applying for a Mortgage
Planning to buy a home? The key is to prepare and maintain excellent financial health. And we’re not just talking about the down payment! Improve your chances of getting approved for a home loan and be eligible for better interest rates and terms — here are some...