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John Occhi
John Occhi
Mike Mason
Mike Mason

The four secrets to successfully buying a home

Friday, April 4th, 2014
Issue 14, Volume 18.
John Occhi, Mike Mason
Special to the Valley News
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Are you thinking of buying a home in the Temecula/Murrieta Valley? Are you a first-time homebuyer? Are you experienced in the process and looking to move up? Perhaps you think it’s time to downsize and find a smaller home. Regardless of your situation there are a few very important rules you should follow when looking to buy a home that’s for sale.

Regardless of your personal situation expect even the smoothest of home searches and purchases to be stressful and difficult. Ask anyone who has ever done it. The best advice I can give is to prepare yourself for what very well may be the single largest investment you’ll make in your lifetime.

When it’s a sellers’ market, like we’re experiencing now, the number of potential buyers far outnumbers the inventory of homes for sale in the Temecula/Murrieta Valley. The trick is to be the very best buyer you can be. Remember, the cream always rises.

1. Leave your money where it is. Financial experts will tell you not to make any large investments (new car) for six months before you plan on buying a new home. Don’t move money from account to account. If you are going to have to borrow money (or receive a gift) from a loved one, have it age in your account for six months before you plan on using it. Make sure your credit is the best it can be, as well.

2. Find your mortgage now. You need to have a mortgage pre-approved before you ever start writing offers for a home. The trick here is to find a great loan officer/mortgage banker that fully understands you, your personal situation and your credit. Don’t fall for the trick of a lazy loan officer willing to issue a ‘pre-qualification’ letter. There is a huge difference. A pre-approval is just that, while a pre-qualification is not much more than a Hail-Mary pass hoping it sticks.

3. Timing the real estate market should not be your goal. Just when the stars and planets come into perfect alignment, you’ll soon find that something else happened to change everything. Don’t miss out on your perfect home because you might think you’ll have to wait another month to get the best deal. The best time to buy a Temecula/Murrieta home is when you are financially ready to buy.

4. Work with the right REALTOR®. The first distinction is that a REALTOR® is a member of a local, state and national association who is bound by a code of ethics that always puts the public first. This is not true for licensed real estate agents who choose not to participate.

Always make sure you are working with a bona-fide REALTOR®. That being said, not all REALTORS® are created equally. That being said, we believe that "All real estate is local and your REALTOR® should be too!" Your agent should have local knowledge and experience to guide the process.

Call us today and get the information you need to make the right decision. The info is free, call now! (951) 296-8887

Questions regarding available inventory and/or other real estate matters please contact me, Mike Mason, Broker/Owner of MASON Real Estate Cal. BRE: 01483044, Board of Director of your Southwest Riverside County Association of Realtors® (SRCAR), Traveling State Director, California Association of Realtors® (C.A.R.).



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