Sharon Garcia

DRE: 01784632


(562) 618-5208
(562) 912-7770 (Office)

Sharon's Blog

Down Payment Resource

Posted On: November 3rd, 2021 5:53PM

Saving for a down payment is the first, and often times the most difficult, step towads homeownership. I work with many programs and can help guide you to see what you and your family can qualify for.

 

Please begin by exploring the programs available. Please click on the link below:

 

Down Payment Resource

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Difference between a Foreclosure & Short Sale

Posted On: June 30th, 2021 9:53PM

What’s the difference between a Foreclosure and a Short Sale?


A Foreclosure is when a homeowner stops making payments (for whatever reason) and the bank takes back the house.

 

A Short Sale is when a homeowner works with the bank to sell the house for less than what is owed on it.

 

As a "Short Sale and Foreclosure Resources (SFR)" certified Realtor, I am in the perfect position to help should you be facing either isue. If you would like to know if you should allow a foreclosure or short sale, contact me: [email protected]

 

SFR_Certificate

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Steps to Take for First Time Homebuyers

Posted On: June 29th, 2021 11:55PM

first-time-buyersFist time buyer? You’ve come to the right place!

 

Need help buying your first home? The LB Realty Team led by Sharon, a member of the HomeSmart family, is here to assist you! We’ve compiled the steps needed to get you into a new home.

 

Ready, set, go!

  1. Decide to buy a home. Make sure you are ready financially and emotionally.
  2. Meet with a real estate professional: Discuss the type of home you’re looking for, including style, price, and location.
  3. Get Pre-Approved: if you need help, contact us to get a list of the needed documents to get a loan approved.
  4. Search for Homes: The fun part! Your agent will schedule showings and help you find the perfect home.
    1. Advanced Search: Not all real estate websites are the same. Our site has the tools and systems to ensure you see every available home that meets your criteria.
    2. You will need pay stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experience.
  5. Make an Offer: Your agent will prepare your offer based on the price and terms you choose.
  6. Negotiation and Contract: It may take a few tries to get it just right, but hang in there. You’re on your way!
  7. The Contract: In most cases the contract provides you with a timeline to obtain financing as well as time to inspect the physical condition of the home. Your real estate professional will inform you of all your rights and responsibilities related to the contract.
  8. Under Contract or In Escrow: You and the seller have agreed to the price and terms. The home is effectively held for you until closing.
  9. Final Details: Perform due diligence, order the appraisal, conduct an inspection, and review terms with the lender.
  10. Preparing for Closing: You will be finalizing your loan, reviewing documents, and discussing the findings from the inspection. Your agent will manage this entire process for you.
  11. Closing: This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.

*The Buyer’s Advantage: As the home buyer, your agent’s commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing.

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