Have a Question Regarding Temecula Real Estate, Temecula Homes for Sale, REO, Bank Owned, Foreclosure or want a List of Bank Owned Homes. Easily, one click shows you available Bank Owned Homes in Temecula, Murrieta and surrounding cities.
Natalie has been licensed California Realtors for over 10 years. You deserve experience and knowledge with one of the most important investments of your life.
FHA Down Payment Grant
-- Nehemiah Program - Ending Oct. 1, 2008
The Nehemiah Program has helped over a quarter of a million Americans purchase homes. Unlike some down payment assistance programs, Nehemiah offers down payment help to anyone who qualifies for an approved FHA loan. There are no limits on income or assets, but buyers must have an FHA loan or be pre-approved for an FHA mortgage. The Nehemiah program offers:
Up to 6% of the final contract sales price for down payment and/or closing costs.
Available for first-time and repeat homebuyers.
Approved for new construction and resale homes.
No geographical restrictions.
FHA Down Payment Programs - Oct. 1, 2008 Minimum Down Payment Increasing from 3% to 3.5%
For more information on how this and other loan programs can be beneficial to you, I recommend that you contact Natalie at (952) 694-1221 x250 to discuss which program is right for you. You must first get pre-approved with a qualified FHA home loan specialist and together we can assist in obtaining the down payment program that is right for you.
Purchase and Fix Up with One Loan Turn a Fixer Upper into a Dream Home.
Looking at a bank owned home and thinking there's to much work for you to tackle? Obtain a Renovation Loan also known as Rehab Financing! Renovation Financing provides forward thinking homebuyers the opportunity to purchase a home in need of repair/improvement.
Buy a home that's in the right area but doesn't quite fit your family - yet
Create an inviting den and entertainment area that draws your family together
Add extra bedrooms, allowing your kids to stay in the same neighborhood and schools
Replace your aging roof and furnace with low-cost financing
Invest in a home that needs some work and resell it
Renovation financing provides homeowners a cost-effective way to live in their dream home. And it gives homebuyers the opportunity to purchase properties in need of improvement.
Email Natalie for more information or to learn more about Renovation Financing click here for our Renovation Specialist and we will be happy to answer any questions that you may have..
Do You Speak "Bank Owned REO"?
Anyone can show you "bank owned (REO-Real Estate Owned)" homes, but few Realtors in fact actually are assigned properties by the banks directly to sell. I actually work directly with many of the nations largest banks to sell their properties. I know the in and out workings of the bank, working directly with the Bank Asset Managers to sell their properties. Bank owned REO real estate properties are a great opportunity to buy a bank owned home directly from the lender, usually at a great price.
"Bank owned / REO" means that the bank or lender now owns that property. Each bank works a little differently, but they all have pretty similar goals. They usually want to get the best price possible and close quickly. They almost always sell a home in "as is" condition. This doesn't mean that all bank owned REO properties are run down dumps!
You need to work with an agent that is familar with how the banks work and what they require so that you can get the best deal possible.
So you want to buy a Bank Owned REO Home? Good choice! But as you get started looking for purchasing that home, be careful. With all the news headlines and media attention on the foreclosure market, there is a lot of bad advice out there. A lot. Here are some of the biggest misconceptions I hear from buyers:
Myth #1: Banks will accept offers for "Pennies on the dollar." Fact: If you've been up late at night watching television, I know you've seen those infomercials claiming that banks are "Giving away their properties." They're not. If you're planning on buying a Bank Owned REO Home, it's important to know that before a bank puts a home on the market, they've had at least two professional real estate agents give them a detailed analysis of the home and its value and had an appraisal completed. The bank knows the homes condition and what it will sell for. Nationwide, the average Bank Owned REO Home sells for 15% under its current market value. Keep in mind that is not 15% below its list price. Also, with the demand surging for Bank Owned Homes the banks are receiving multiple offers, thus many homes are selling above the list price.
Myth #2: All Bank Owned REO Homes are "Trashed." Fact: While many Bank Owned REO homes need a little TLC (sometimes a lot of TLC), many are in good condition. Make sure you take the condition of the home in account when you're making an offer. No matter how bad you think the market is, Bank Owned Homes in Good condition sell for higher prices and usually very quickly. Don't be surprised if you get into a multiple offer situation.
Myth #3: All Bank Owned REO Homes are a Bargain. Fact: You have to be careful when your buying a Bank Owned Home. Sure, banks are motivated to get rid of a home as fast as possible, but they also want as much money as they can get for it. You need to make sure that you have :1) An agent who can give you solid comparables and a detailed analysis of each home's value and 2) A realtor who can give you complete, accurate bids on repair work.
Myth #4: "My friend's uncle bought a Bank Owned Home and sold it the next day for an $80,000 profit." Fact: No he didn't. Whether it's your friend's uncle or a guy you talk to at the gym who "knew a guy," it didn't happen. Can you make money buying and selling Bank Owned Homes? Absolutely! But it requires hard work, wise decision making and strong advice from a professional Realtor. There are a lot of good deals out there, but don't try and do it alone.
Remember Bank Owned REO Homes can be a great investment. Just remember as you begin your home search that Bank Owned Homes have their own unique set of problems and you better make sure you have an experienced Real Estate Professional behind you.
Need to sell your home but don't have enough equity"? This is called a "short sale". A "short sale" is a special transaction that allows you to sell your home even when your mortgage is higher than the value of your home.
I am a professionally trained real estate agent that has been specifically trained on how to negotiate a settlement with your current lenders so that you can sell the property and get out from under this burden. Best of all, my commission will be paid by the bank, so you won't have any out of pocket expenses. A "short sale" will help you: Avoid foreclosure Protect Credit Score from "foreclosure" ding
If you are ready to sell your home and free yourself from this debt, call me today for a free consultation. "Short Sales" require a trained professional for a succesful transaction, so call me today to help you find a solution!
Search for "THE BEST DEALS" for homes for sale in Temecula and San Diego County. Search by price range, square footage, bedrooms, lot size, age, pool, you name it. Set your own criteria.
Get pre-approved for financing before you start your home search and look for your dream home with confidence.
Locate Temecula homes for sale, Temecula Real Estate, and obtain Temecula home values. Get access to all Temecula Real Estate Listings, bank foreclosures as well as all homes for sale in Riverside and San Diego counties, including the local MLS, homes for sale in Temecula, new homes for sale, bank owned homes, retirement communities, golf communities and foreclosures. Our free real estate services feature all of Temecula, Murrieta and surrounding cities. We also have information on Temecula home selling, home buying, real estate loans, homeowner insurance, local movers and other real estate services for anyone looking to sell a home or buy a home in Temecula Ca.
In Temecula, the median price of a home climbed nearly 30 percent from $347,000 in 2004 to $450,000 in 2005. Prices for single family homes for sale start in the high $300,000's. Condo's and townhomes start in the high $200,000's. Hard to find Homes for sale in Temecula from $300,000 to $400,000. This is the hottest home price range of homes for sale in Temecula Ca with the most home buyers looking for a home.
What's the value of my Temecula Home or other Real Estate? Selling a Temecula Home or other real estate and want to know its' value? If your own a home or other real estate in Temecula, Murrieta, Winchester, Menifee, Wildomar, Hemet, or Sun City, you can receive a free home comparativemarket analysis (CMA) of your properties value.We will suggest the best strategies for preparing your home for sale, and we have a high-tech comprehensive marketing program that will effectively promote your home listing daily to millions of people around the world! Temecula and Murrieta real estate are both in high demand and we market our home listings on six different Internet web sites, plus our office does extensive magazine and newspaper advertising to make sure your home is showcased to as many potential home buyers as possible! Seller Testimonials
