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Real Estate buyers need to be preparedCategory: Real Estate News | Permalink Published: Friday, November 20, 2009 Real Estate buyers need to be prepared! In this tough Murrieta, Temecula market, buyers of residential real estate need to have their ducks in line. As we all might believe that this is a buyers market in this tough economy, sellers in the Inland Empire have a big say so in who purchases their property. Sellers are scrutinizing buyers because of so many escrows falling through due to the buyer’s inability to perform. Sellers, especially here in the Temecula Valley, want to know if you are an investor, first time homebuyer, or going to be a primary residence of your new home. They want to know how much equity you are committing to your new purchase so they get a good feel as to whether to commit to you or not in an escrow. As a buyer you have to have strong qualifications for purchasing a residential home including a seasoned bank account reflecting sufficient funds to close, good FICO scores from all three credit bureaus, and a pre-qualification approval letter from a direct lender of a major bank institution. This means full disclosure of your employment status and asset verification to your loan officer of your preferred bank. Your employment status is a very important factor, as it needs to be in the same field of work for at least two consecutive years to show consistency. The banks want to really secure their investment to buyers, which in my opinion, helps buyers secure their home purchase long term. So get your information ready and be prepared to use your buying power to get your "deal" in the Temecula Valley, Murrieta, Lake Elsinore, Wildomar, and Menifee. There are great deals to be had! Other Recent ArticlesTemecula luxury homes for sales that include equestrian property are popular among new buyers in the Temecula Valley area. With the central location and local amenities buyers can find exactly what they are looking for in a luxury home or equestrian property in Temecula. Renderings of Three Homes in Westlake Village in EncinitasCategory: Real Estate News Published: Tuesday, January 24, 2012 Renderings of three beautiful homes in Westlake Village The Temecula Wine County offers homes with larger acreage perfect for growing delicious grapes and raising beautiful horses. Equestrian homes for sale in Temecula are a wonderful investment with incredible views of the area and the space to enjoy entertaining and riding. Short sale homes in Menifee offer an even more attractive price and are sought after by families looking to move to the Temecula Valley and investors wanting to make a profit with a short sale home in Menifee. Short Sale Homes in Temecula Valley Attract InvestorsCategory: Short Sales Published: Wednesday, January 11, 2012 Short sale homes usually sell for less than their original value and can make an easy profit for investors. Even after minor repairs, homes are still sold at profit. The Temecula Valley is attractive for short sales investors due to Valley’s location between large cities of San Diego and Los Angeles. |
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