Buying a house is a huge and important decision it is among the toughest ones that we have to make in our lifetime. While most people do very well in the quest for buying the best house, a little assistance is always welcome. In order to find a perfect home for yourself and family, you might want to start by finding the best area, place, and location. And, the neighborhood of Citrus Heights in California is one great place to consider.
How To Find Your Dream Home in Citrus Heights CA?
If you are thinking of moving to California, then the first thing you need to do is to find out all about California homes for sale. The perfect way to do this is to scour to the classifieds of your local newspaper for homes for sale adverts or going through the local directory to find phone numbers of and other information about California real estate agents.
It is easy to get an overview of California Real Estate Listings by searching online. A simple search with the keyword “Citrus Heights CA” will produce multiple results giving you a list of new homes, resale homes; foreclosed homes as well as a number of townhouses. You can select a specific category from the options given and begin the search process once over once again with additional keywords.
There are lots of options in California Property Listings, which can prove to be a bit taxing for a prospective buyer. Those interested in purchasing a home in the city can browse through multiple types of homes for sale California property listings. As a whole, the real estate market is thriving, yet the general price of properties of this place is surprisingly affordable.
California communities are a growing & thriving community. People concerned with budget or with financial constraints can find a listing of California homes for sale quite interesting from the monetary aspect as well. With all the necessary amenities as well as ample recreational facilities the community life provides for a friendly and relaxed atmosphere for people desiring to relocate to the area.
What To Look For In A California Neighborhood?
Various homes for sale in Citrus Heights CA are mostly traditional, multi-storied and single family homes on large plots of land; some houses of this community are located in new subdivisions. Several condos and townhouses are enlisted in the real estate markets a well while a few of these premium properties are located throughout the city.
It is therefore possible to close a deal in your favor provided you have the assistance of a professional real estate agent. Your realtor is sure to help you out with the complexities of the legal wrangles and paperwork that you are bound to face while purchasing property in the city.
The bottom line is that though there may be many homes for sale in Citrus Heights CA, only very few would be what you really want and getting such a place is a challenge that you ought to take on with no fear. So, keep doing your research before finalizing a buying decision!
How Do I Buy and Flip Homes In California?
Selling a home takes a lot of hard work on the part of the home sellers especially if they are doing it on their own. A major part of the process involves a lot of calculating numbers from setting the home price, taxes and legal fees to the amount of profit the seller is going to get. But of course, even before the sale is completed, every seller would want to know the net proceeds he or she will get.
The money you will have when by the closing of the home sale transaction will be the total sale price of the property. However, you won't be able to keep the entire amount as you may need to pay for debts, liens and other charges against the property. So, your net proceeds will actually be the total sale price minus the charges which mostly make up the closing costs.
Below are several important fees that are normally paid out of the sale proceeds. Knowing these charges as well as setting a fair market value for your home will help you accurately calculate your potential net profit.
Attorney's fees. Every home seller will need the help of a real estate lawyer. The attorney plays a vital role in the financial transaction not only as an advisor but also as an escrow agent when you need a third party to keep the deposit or down payment. The fee is either a flat fee at a minimum of about $350 or by the hour.
Disbursements. These refer to expenses incurred by a lawyer on behalf of the seller such as the mortgage discharge fee paid to land titles, title search fees, couriers and other charges.
Property taxes. These taxes are paid every year. However, this can be negotiated as to who will should the payment.
Transfer taxes. This is a tax that may be implemented by states, counties or municipalities on transferring real estate property within the jurisdiction. Transfer taxes may range from a small of .01% to 2.2%. It is best that before selling your home, you check your area's rates from the Recorder of Deeds, a title company or a realtor.
Mortgage. The balance of your mortgage will be paid out of the sale proceeds. Unless your mortgage is in good standing, you will also have to pay for mortgage penalty and a discharge fee paid to the lender. All mortgage payments due on or before the possession date will have to be paid by the seller.
Loans. If there's a home equity loan or line of credit secured on your home such as via collateral mortgage or caveat, it must be paid out of the sale proceeds. Also, payment for any home renovation loan will have to be taken out of the proceeds.
Home warranty. This guarantees the buyer that all mechanical and electrical appliances in the home are in good working condition on the day of closing up to the first year of ownership. A warranty costs at a minimum of $350.
Courier fee. You will need to pay this when you pay off a loan and this fee can run from $10 to $50 and upwards.
There may be other fees apart from those listed here. What's important, though, is that keep a list of the closing costs and copies of your sales documents to help you figure out your potential proceeds.
Homes for Sale California - Preparing Your House For Sale
What is a Home Buyer Rebate/Cash Back? Home buyer rebate/cash back is a rebate given to the home buyer by a Realtor, from the commission received by the Realtor calculated on the purchase price of the home
How a Home Buyer Rebate Program Works: Typically the Realtor receives a 3% commission on the purchase price of the house from the seller. When the sale is completed, the 3% commission is disbursed to the Realtor by the Title Company. The Realtor can then provide the rebate to the buyer. The Realtor gives a cash back rebate to buyers who are savvy in their search and have a shortlist of houses they want to preview.
An example of the rebate: If the buyer is buying a house for the purchase price of $250,000, the typical 3% commission received by the Realtor calculated on the purchase price of the house is $7500. The Realtor can rebate a portion of the $7500 commission received from the seller. If the rebate is 2% on the $250,000 home, it would amount to $5,000.
Since the Realtor is giving a rebate to the buyer, it needs to be disclosed on the Good Faith Estimate. If the buyer is financing the purchase of the home, it needs to be approved by the lender, depending on the lender's regulations.
The amount of rebate is based on the agreement between the buyer and the Realtor. The agreement to give a rebate and the percentage of the commission given as a rebate is agreed upon by the buyer and the Realtor before they start the Buyer - Agent relationship.
How can the Realtor Afford to Give a Rebate: Searching to buy a home has changed since the onset of the internet. Now-a-days, buyers can search for homes on the internet; see pictures of the homes and details of the homes they are interested in.
Home buyers have some access to the MLS information of home listings and can shortlist the homes they are interested in from their search on the internet. They don't require a Realtor to know about the basic details of the homes they want to preview because they can learn more about how a home looks like through the pictures and read the basic details of the home provided by the MLS on the internet. By not needing to show every house the buyer is interested in, the Realtor saves money and time and can concentrate on negotiating for the best price on the home from the seller. Due to the saving of time and money, the Realtor can pass on the savings to the buyer.
Conditions to Receive a Rebate: Each Realtor has different conditions to rebate a portion of the commission received. You should check with the Realtor individually and confirm the terms directly with the Realtor. The terms have to be signed by both parties before the agreement is valid and for you to get a rebate. Here are usually the guidelines the Realtor goes by:
1. The Rebate is a portion of percentage commission received by the Realtor on the purchase price of the home. There might be a minimum percentage of commission to be received by the Realtor to give you a rebate.
2. The lender needs to approve the rebate if the home is being financed. Most lenders usually approve the rebate. However, if the lender does not approve, you will not receive the rebate.
3. Maximum shortlist of homes to preview is usually 15 homes.