what is the next step if i'm interested in buying?

Asked by Tina, 92121 Tue Mar 9, 2010

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This question is about this property: http://www.trulia.com/foreclosure/2008922184--Caminito-Toron…

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12
Voices Member, , San Diego, CA
Thu Mar 11, 2010
Hi Tina,

Thanks for posting!

I was curious if you've had an opportunity to evaluate your financing options. I work closely with home buyers in San Diego and offer in-house FHA & conventional financing; giving you the ability to secure a home loan in 3-4 weeks.

Please contact me for a complimentary mortgage analysis to help you determine which loan program meets your financial goals.

Sincerely,

Michael Zapkowski
Sr. Loan Advisor
mzapkowski@primeres.com
858.349.5147
0 votes
Justin Gramm, Agent, San Diego, CA
Wed Mar 10, 2010
Hi Tina,
I encourage you to interview a few agents (and make sure at least one of those is an exclusive buyer agent - which means that the agent's company doesn't take any listings). I also encourage you to get pre-approved with a lender. For information on how to be represented by an exclusive buyer agent, visit http://naeba.org and http://globella.com.
Thanks,
Justin Gramm
Web Reference:  http://globella.com
0 votes
Gary Kent, Agent, La Jolla, CA
Wed Mar 10, 2010
Hi Tina,
Looks like you are in the "Information Gathering" stage of your home search. I'd like to invite you to one of our ongoing free seminars :
How To Buy A Foreclosure In San Diego
Saturday, April 10,2010
10:00AM - 12:00 Noon
We will be covering all aspects of buying (in general) and also covering the realities of buying a foreclosure/reo and now short sales.
The seminar is free to the public, but there is a charge for agents to attend.
0 votes
Liz Hoffman, , San Diego, CA
Wed Mar 10, 2010
Tina,
This property is no longer available, it is pending (in Escrow). So someone else has purchased it. If you want me to help you, I would be glad to help you locate another one and go ove the purchase process with you.
Liz Hoffman
RE/MAX Assoc
Liz@LizHoffman.com
http://www.LIzHoffman.com
(858)967-9966
Web Reference:  http://www.LizHoffman.com
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Wed Mar 10, 2010
Your next step is the "first step" and that is to speak to a reputable mortgage rep to button down your buying power and qualifications. That done, you will be ready to move forward on this property and/or others with the assistance of a good agent.

Good luck,
Jeanne Feenick
Unwavering Commitment to Service
My Blog: http://www.trulia.com/blog/jeanne_feenick_-_new_jersey/
Web Reference:  http://www.feenick.com
0 votes
John Juarez, Agent, Fremont, CA
Tue Mar 9, 2010
Tina,

If your question is “what is the next step if I’m interested in buying” the property on Caminito Toronjo shown in this link, I say to you that the next step is to get a reality check. This property is not for sale at $30,000 and will not be for sale at that price.

What you are seeing is a posting by Realty Trac which is a company that sells information about foreclosures that are taken from public records. If and when this property comes on the market, it will be at a price that reflects the value of that property in that neighborhood.

You need to have a Realtor to give you guidance, help you get approved for a loan, negotiate your purchase and do the many things that a Realtor does for their clients.

I know some great Realtors in the San Diego area. Let me know if you would like a referral to one of them.

John Juarez, Realtor
The Medford Real Estate Team
Windermere Welcome Home
DRE #01223788
John@CarlMedford.com
Direct: 510-673-0686
0 votes
Chris Meling…, Agent, San Diego, CA
Tue Mar 9, 2010
The most important thing is to get yourself pre-qualified for a loan. But before you do that, you must take a look at your finances and decided what you are comfortable with as for as a downpayment and closing costs...
This is something you need to discuss with a REALTOR. I like to sit down with my buyers and conduct a "buyer's consultation" where we discuss the whole process and how it works. When you get a feel for the steps needed, I can refer you to a lender and get you comfortable with the loan options that fit your needs.
With many property types out there, it is VERY important to take this steps one by one.
Please feel free to call me with any questions.. 619-929-9812
0 votes
Talia Holtgr…, , San Diego, CA
Tue Mar 9, 2010
Hi Tina,
When thinking about buying a new home there are many factors that you should first think about. Besides looking at your finances and getting yourself pre-approved, it is important to chose a Realtor that you feel comfortable working with. Think about the areas that you would like to live in and what is important to you in a home, not only the attributes about the home, but the neighborhood, as well. If you are a first time home buyer, keep in mind that you may be eligible for the first time home buyer tax credit that is available through April. If I can assist you further or advise you in any way, please feel free to contact me at any time.

Thanks,
Talia Holtgrieve
REALTOR
Coldwell Banker
DRE#01872654
(619)379-8617
talia@coldwellbanker.com
Web Reference:  http://www.TaliaSDHomes.com
0 votes
Steve Fagerw…, , San Diego, CA
Tue Mar 9, 2010
The next step is to be prequalified by a lender. One of the biggest mistakes potential buyers make is that they do not accurately figure out how much they qualify for. You not only want to find out how much a bank will lend you, but you also need to decide what is the highest monthly mortgage payment you are willing to pay each month. This is important because a bank may say that you qualify for a 500K loan, but if you only want to pay $2,100 a month then you are better off not going much above $300K.

I would be more than happy to go over this in more detail with you.

Please feel free to call or e-mail me.

Steve Fagerwold
Mortgage Specialist
Assoc. Broker
MetroTRUST Mortgage
619-490-5001
steve@metrotrustmortgage.com
0 votes
Lori Demirdj…, Agent, Carlsbad, CA
Tue Mar 9, 2010
Hi Tina,
Good question. It looks like you are looking at foreclosures in your search, so you will need to have your agent sit down with you and discuss the amount you want to offer, what type of financing you will use (if any), and ensure you are getting your offer in with all of the required forms per the MLS instructions.
If you do not have an agent to help you then give me a call. I am happy to help.
Have a great night!
Lori Demirdjian
619-241-1015
0 votes
Denise Gleav…, Agent, Claremont, CA
Tue Mar 9, 2010
Hello Tina,

The first step in purchasing a home is to be pre-approved for a loan with a reputable lender and then find a realtor that you feel comfortable and confident in working with. Someone that is going to listen to your needs and wants and to work with you in finding the right home at the right price for you.

I have been selling real estate since 1988, please feel free to call me directly to discuss the home buying options in todays market. I can also recommend a good lender for you as well.

Thanks, Denise Gleavey
Coldwell Banker
858-565-7777
Web Reference:  http://www.IHandleRE4U.com
0 votes
Dean Beckman, Agent, San Diego, CA
Tue Mar 9, 2010
Next step is to contact and agent. You'll want to talk to each agent and ask a few questions, find one you like and are comfortable with, and will help you with any questions.

Also, look into getting prqualified with a lender
0 votes
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