How To Get Started On Your California Home Purchase - Rebate
1. Get Qualified - Find out what price range to start looking at - what you can afford or are willing to pay. Check with a credit monitoring or reporting service and pull your credit yourself. Get all three scores and reports and begin to monitor your credit to avoid surprises as you head to close. If you check your score, you don't lower it ! If a broker checks it and shops around, you may lower your score. Your credit reports will help show you what to do
next. The best credit reporting services show Experian, Transunion, and Equifax scores..
Get the 3 scores from Experian, Equifax, and Transunion and enter the scores on the Cash Back/Fast Qual Form and submit your prequalification.
2. Search for properties - Looking for a foreclosure or bank owned property or other home? Use the search option above. Prequalify first to find out what you can or want to afford. After you've prequalified, you know what price range to search for.
For more specific searches, I can set you up with a So Cal MLS search program that will further screen listings down to foreclosure, short sale, or other categories.
You can receive a special, custom MLS automatic search that finds exactly what you are looking for, with a personal filing system, sent to you via email at no obligation. This system updates you the minute a new property hits the system. Another option is to receive automatic pdf copies of the actual listing. Just let me know if you prefer the auto search program or automatic pdf listings.
3. Investigate properties - After you've narrowed down your search, we can visit properties for a closer look. I will assist you with the school districts, valuation reports, and the potential considerations for an offer.
4. Submit an offer and receive up to a 30% agent rebate -
Agency representation - I work for your best interests, the buyer, not for the broker or the seller's broker. Avoid the common mistake of working with the listing office or seller's broker. This conflict of interest in representation becomes apparent when that office knows the highest price you will pay. Problems may surface during the counter offer or request for repairs phase. Get represented, not taken advantage of .
Trust, ability, and knowledge - I specialize in offers on foreclosures and REO properties. REO or bank owned properties are receiving multiple offers on some entry level homes. In most cases, we must submit the best and final offer the first time. Most REO homes at the lower
end are receiving up to 10-20 offers within the first 3 days. This is the effect of lower mortgage
rates and government incentives. Do you know which home will take the first and best offer or
which home has room for negotiation. I know local trends and activity and if I don't, I will.
More rebate - I give you more than the leading, national cash back real estate company. We don't make it up with higher loan rates or fees through an affiliated lender. You can use your lender or receive a loan through us and receive the loan rebate in addition to the agent rebate and government rebates.
Knowledge of the best mortgage loan for your situation....I let you choose the lender. It is not a condition for your cash rebate. I will also provide a comparison of the loan programs available. Should you go FHA purchase loan or Conventional Bank loan? What is the difference? How much of a down payment should I have? What is the cost of mortgage insurance? These are questions I have firm and working background in. Most Realtors rely on others for their loan information, without being able to keep up with changing loan guidelines and requirements.
When I write an offer for you, I use my strong home purchase loan background - When we write an offer on an acceptable purchase property, I use my diligence in ensuring your loan will
go through. I can match the lender with the property. For example, one lender has the lowest
rates, but the 45 day turnaround time for escrow and funding is not acceptable to most REO
asset managers. They want cash offers first, then a "sure" close within 30 days or sooner via
a lender. Pick the lender who closes in 45 days and you could fall through. Know the challenges, benefits, and drawbacks of the best FHA loans available today. Which lender should you use for the FHA 203K rehab loan? These are answers I know. The right loan in your purchase offer can mean success, lower payments, and other benefits in your home buying quest.
Another example, write an offer on a foreclosure home using an FHA purchase loan, only to find that the broken window in the back and the exposed wiring in the wall outlets will result in an additional appraisal and correction at your cost, which could cause your offer to fall out or result in unexpected expense.... How much should you expect or receive for closing costs? I know what level most seller's will concede to. Will the R.E.O. asset manager extend escrow or back out.
Avoid issues at closing time with a knowledgeable Realtor who has a loan background.
Home buyer grants and down payment assistance
While virtually all FHA seller concession and down payment assistance grant programs have been cancelled, there are still limited city and county assistance programs to help many first time home buyers. There is momentum from FHA
to allow the use of the tax credit as a down payment. However, the complexities
of this program are delaying implementation. The solution is either to wait
or be prepared to work a with a knowledgeable Realtor or Real Estate Agent who
is ready to take advantage of this door opening down payment program.
First Time Home Buyers Programs - FHA Special Rehabilitation Loans. Stated Income & Asset Loans - Government Grants - Bank Owned Homes - FHA Loans - CAL HFA Loans - Interest Only - All Types Available
Valid for all Southern
California Communities:
Orange County
Riverside County
LA County
San Bernardino County
San Diego County
and More !
Need More FHA, Foreclosure, REO, or Credit Answers ?
FREE FHA style insurance-
Lose Your Job Keep Your Home And Make Your Payment.
To help provide first-time home buyers with peace of mind when purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Housing Affordability Fund is offering a new mortgage protection program to first-time home buyers. Through the C.A.R. Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit. For more information including eligibility requirements and information on applying for the C.A.R.H.A.F. Mortgage Protection Program, please visit the link below.
William "Bill" Gray
CA DRE #01346229
The 24 Hour Realtor: Toll Free (888)34-CASH5 or (877)520-5911
Cash Back Real Estate Agent:
William Gray is a licensed broker's associate of Utopia Real Estate and Mortgage offering exclusive Buyer's Agent services with Cash Back For purchasing homes in Orange County, Riverside County, San Bernardino County, and Los Angeles County. If you need to purchase a home and are looking for the bonus of cash
from the agent's commission, keep reading...
"Realtor and Real Estate Agent = Rebate"
Cash Rebates For Buying or Purchasing A Home in California !
Cash Back and Federal Tax Rebate For First Time Home Buyers:
William Gray, Realtor, will work with any home buyer to help obtain the proposed method of using the tax rebate credit for their home purchase. In addition to the IRS / US first time buyer TAX CREDIT Rebate to use for the down payment, all buyer's will receive the standard agent's rebate of up to 30% after close of escrow when being represented by William Gray.
Worried about losing your job ?
C.A.R. Program Pays Your Mortgage
I provide free help in obtaining the no cost California
Association of
Realtor's
Mortgage
Protection
Program
( Take Advantage of a Trial Offer and Then Cancel For Free Scores and Reports )
EMAIL me directly with any questions or for quick bits of advice.
CA DRE # 01197438
Hi, I'm Bill Gray. I'm down to earth and upfront. An experienced agent, I have a strong lending, contract, and credit background. I offer a "Cash Back Rebate" from our commissions and an Independent agent perspective based on well rounded skills. - Bill Gray
You can receive "no obligation" + "no call" + "no spam" listing information for homes throughout So. Cal. from me on a "hot list" basis just by asking to be put on my automatic notifier list.
I specialize in :
1. Home Offers on R.E.O. or foreclosed homes throughout
- Orange County, Riverside County, San Bernardino County, Los Angeles County, and San Diego County2. Financing on those homes or help to find financing
- ( Including refinances up to 125% under the new Obama plan to help homeowners
3. Assisting with finding a home to rent in Orange County Only.
