Exit Realty

MAY 5,2012 FREE HOME BUYER WORKSHOP, THINK YOU CAN’T AFFORD IT? THINK AGAIN!

Mike-Walden — Mon, 16 Apr 2012 20:25:52 +0000

SATURDAY MAY 5TH, 9:30am – 11am, IN TEMECULA,CA

Wallick & Volk Financial along with Gary Silkwood are partnering up to bring you an opportunity at owning your own home.

They will show you several different types of home loans available to suite your needs, and it’s likely that you can afford to own your own home with a low down payment and monthly payments that are about the same as you’re presently spending on rent!

Whether you’re thinking about buying a home now or sometime down the road, our First-Time Home Buyer’s workshop will teach you how you can begin enjoying the benefits of home ownership, including income tax deductions for home owners and the investment benefit of your home’s increasing value.

We will show you how to:

1. How to prepare for a home purchase, such as your credit, credit repair, what the lenders look for to approve your loan

2. How to obtain free computer searches of all homes in your future neighborhood

3. Understand the process of making offers

4. The ins and outs of negotiation, inspections, appraisals, loan application and approval, title and home owner’s insurance

5. How to find out about government sponsored – ZERO DOWN PAYMENT – loans and the areas where they are available

They will share their expertise in the lending and real estate process and – answer your questions- in a comfortable, informal setting at NO COST or obligations to you and no pressure to make any commitments.

SEATING IS LIMITED, as they fill up fast, please fill out our contact sheet online or call us today.

If you are not able to attend the workshop, but have questions about the home buying process or would like to schedule a private consultation about the free, no obligation HomeFinder/HomeloanFinder service please fill out our contact sheet online or call.

We hope to see you at the Workshop and look forward to meeting you soon!

Affordability Calculator

Monthly Gross Income	$
Monthly Debt Expenses ^[?] Monthly Debt and Obligations Should Include: Monthly Credit Card Payments Monthly Auto Payments Monthly Child Support Monthly Association Fees Other Monthly Obligations, but NOT utility bills.	$
Down Payment:	$
Interest Rate:	%

See more mortgage rates at Zillow.com

Temecula CA Homes For Sale

webmaster — Thu, 05 Apr 2012 21:09:49 +0000

Why Move to Temecula CA?

There are a lot of compelling reasons, including a mild climate, low crime, award-winning school district (ranked top in Southern California), higher educational opportunities, vast array of parks and trails, Pechanga Resort and Casino, nine golf courses, great housing market, and of course, It’s wine country. You are 1 hour to downtown San Diego CA, 35 min from Oceanside where you will enjoy beautiful beaches, 1 1/2 hours to Long Beach CA and lastly 1 1/2 hours to Palm Spring.

It’s no mystery why the City of Temecula CA is one of only two cities in Riverside County selected as “America’s Top 100 Places to live” according to Relocate-America.com.

As Temecula CA continues to build on its success, Temecula attracts those who demand a high quality of life. With a median age of 30.6, average household income of $90,946, and 67.13% of its adults 26 and over having attended some college (as of 2008); Temecula’s residents continue to push for civic excellence.

Walk Score

45349 SAINT TISBURY STREET, TEMECULA, CA 92592

$399,999
Bedrooms: 5
Bathrooms: 4
Sq. Ft.: 3,921

Photo Tour

Listing # P811243

44064 ROSEE COURT, TEMECULA, CA 92592

$399,900
Bedrooms: 4
Bathrooms: 2 full | 1 partial
Sq. Ft.: 3,371

Photo Tour

Listing # S692949

32109 CORTE CANEL, TEMECULA, CA 92592

$399,900
Bedrooms: 5
Bathrooms: 3
Sq. Ft.: 2,865

Photo Tour

Listing # T12030316

30430 DEL REY ROAD, TEMECULA, CA 92591

$399,900
Bedrooms: 4
Bathrooms: 2 full | 1 partial
Sq. Ft.: 2,087

Photo Tour

Listing # T12048229

41770 BRANDEIS COURT, TEMECULA, CA 92591

$399,900
Bedrooms: 5
Bathrooms: 3
Sq. Ft.: 4,164

Photo Tour

Listing # T12049711

34049 GALLERON STREET, TEMECULA, CA 92592

$399,900
Bedrooms: 5
Bathrooms: 4
Sq. Ft.: 3,436

Photo Tour Virtual Tour

Listing # T12058841

45304 WILLOWICK STREET, TEMECULA, CA 92592

$399,000
Bedrooms: 4
Bathrooms: 3
Sq. Ft.: 3,747

Photo Tour

Listing # K12051420

31401 CHEMIN CHEVALIER, TEMECULA, CA 92591

$399,000
Bedrooms: 5
Bathrooms: 3
Sq. Ft.: 3,233

Photo Tour

Listing # T12056929

32405 ALPINE COURT, TEMECULA, CA 92592

$399,000
Bedrooms: 4
Bathrooms: 3
Sq. Ft.: 3,322

Photo Tour Virtual Tour

Listing # T12061406

32240 BEAVER CREEK LANE, TEMECULA, CA 92592

$399,000
Bedrooms: 4
Bathrooms: 3 full | 1 partial
Sq. Ft.: 3,378

Photo Tour Virtual Tour

Listing # T12061413

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7 Things To Consider Before Buying A Home

webmaster — Sun, 25 Mar 2012 18:00:30 +0000

Wait! That house may seem like everything you’ve ever wanted, but before you make an offer, take some time to consider a few things beyond the size, style and price.
When buying a home, it’s easy to let emotions get in the way of reality, or get sudden amnesia about factors that may make a difference.

“Sometimes we want something so badly, we’re not willing to ask all the questions we should,” says Leslie Levine, author of “Will This Place Ever Feel Like Home?”

For instance, she says, you may see a basketball hoop over the garage and assume the neighborhood is great for kids. But a closer inspection may show that it’s rusted and hasn’t seen a ball in a decade, and that other yards in the neighborhood have no jungle gyms or tire swings out back.

1. Visit at various times of day
The windows that let in so much light during the day may be a peeping Tom’s dream at night. That seemingly quiet residential street may be a noisy, highway-feeder street during morning or evening rush hour; or it may be near impossible to get from your quiet street across traffic and onto the feeder street in the morning. The adjacent school may seem like a nice perk if you’re buying in the summer, but during the school year, daily playground noise and extra traffic may be more than you bargained for.

2. Talk to neighbors
How many people in the neighborhood own their homes? Sometimes it’s hard to tell at first if you’re choosing a neighborhood that’s primarily rental houses.Many new buyers are excited to find a home with everything they need, but forget to check the surrounding area. When you’re buying a home, spend some time and walk around the neighborhood.

3. Ask if the neighborhood has an association
“Is there a newsletter for it? How often does the neighborhood get together? Do they have a block party every year?” Levine asks. “Even if you don’t plan to attend, the fact that they’re having a gathering says they care about their community, that they want to get to know each other, that they’re willing to socialize that way. People who behave that way are building a community. They’re going to look out for your kids; they’re going to look out for your house. It’s a nice, safe way to celebrate something.”

4. Get a home inspection
Virtually all houses have defects, according to National Association of Exclusive Buyers Agents. Some will be obvious and most will be curable. But knowing what needs fixing can help you negotiate a lower price – or at least prepare you for costs you’re soon to incur. Strongly consider getting inspections, too, for lead paint, radon and wood-eating pests.

5. Pay close attention to taxes
Don’t just ask what the seller’s most recent tax bill was; ask what several recent tax bills have been. In some areas, houses are re-appraised – and taxed at higher rates – frequently. That great deal and good investment may not seem quite so grand if the property taxes skyrocket year after year. Again, look at newspaper archives or talk to your Realtor about the way taxes are used in this area. In some cities, schools are substantially funded through property taxes – which means you can count on yours increasing regularly.

6. Reconsider the bells and whistles
Are you sure you can live with a one-car garage, or a detached garage, or on-street parking? The pool may be a nice bonus, but can you afford the upkeep?

7. Explore the surrounding area
If you’re not just making a cross-town move, you may not know that only three blocks away, this pretty neighborhood backs up to a dumpy commercial area or a less-than-savory part of town. If the home is near an airport, fire station, police station, hospital or railroad track, expect to hear trains, planes or ambulances throughout the day and night. Make sure you’re not too close to an agricultural area that may generate odors or kick up dust or other airborne problems.

Mortgage Calculator

Price of Home	$
Down Payment		%
Mortgage Term		yrs
Interest Rate		%
Monthly Payment	$

See more mortgage rates at Zillow.com

Affordability Calculator

Monthly Gross Income	$
Monthly Debt Expenses ^[?] Monthly Debt and Obligations Should Include: Monthly Credit Card Payments Monthly Auto Payments Monthly Child Support Monthly Association Fees Other Monthly Obligations, but NOT utility bills.	$
Down Payment:	$
Interest Rate:	%

See more mortgage rates at Zillow.com

Closing Cost Estimator

Loan Information
Loan Amount	$
View/Edit Closing Cost Details

Walk Score

When Should You Pay Points on a Loan?

webmaster — Tue, 20 Mar 2012 22:23:03 +0000

When it comes to comparing interest rates for a mortgage loan, homebuyers often have the option of choosing a loan with a lower interest rate by paying points. Simply put, a point is equal to 1 percent of the loan amount. For example, with a $100,000 loan, one point equals $1,000. Points are usually paid out-of-pocket by the buyer at closing.

Paying points may seem attractive, because a lower interest rate means smaller monthly payments. But is paying points always a good idea? The answer generally depends on how long you plan to stay in the house. Let’s look at an example:

Bob and Betty Smith are shopping for loan rates on a $150,000 home. Their bank has offered them a 30 year loan at 7.5 percent with no points. This works out to a monthly payment of $1,049.
However, their bank has also offered them a loan at 7 percent if they agree to pay 2 points (or $3,000). At this lower rate, their monthly payment drops to $998, or a savings of $51 per month.

By dividing the amount they paid for the points ($3,000) by the monthly savings ($51), we see that they will have to own the house for 59 months (or just under 5 years) before they will start to see savings as a result of paying points. If Bob and Betty plan to stay in the house for many years, then paying points could make good sense. But if they see themselves moving to another house in the near future, they’d be better off paying the higher interest and no points. (Note: for simplicity, the above example does not take into account the time value of money, which would slightly lengthen the break-even time.)Can you deduct points on your income taxes?

In the United States, one side benefit of paying points on a mortgage loan is that they are fully tax deductible for the same tax year as your closing. However, this does not apply to points paid for a refinance loan. For refinances, the IRS requires you to spread out the deduction over the life of the loan. For example, if you paid $5,000 in points for a 30-year refinance loan, you can only deduct 1/30 of the $5,000 each year for 30 years. If you pay off the loan early, though, you can deduct the remaining amount that tax year. As to this page and all pages regarding tax situations, please check with your tax professional.

We Have All The Tools You Need To Buy The Best Home Possible

webmaster — Tue, 13 Mar 2012 00:55:20 +0000

Buy or sell the perfect home in Riverside CA. You can search for homes all over the Moreno Valley, Perris and Riverside CA area! You will find a wealth of useful real estate information for home buyers and sellers at my website! Before you buy or sell a home, be sure to view the market information found here.

My web site is intended to supply you with the most recent real estate market information for Temecula, Lake Elsinore, Corona, Sun City, Moreno Valley,Perris and surrounding area homes for sale. I feature a free search that will allow you to search homes for sale.