Posts Tagged ‘real estate’

  • Mortgage Pre Qual vs. Pre Approval

    The Skinny on Pre Qualification Getting pre-qualified is the initial step in the mortgage process, and it’s generally fairly simple. You supply a bank or lender with your overall financial picture, including your debt, income and assets. After evaluating this information, a lender can give you an idea of the mortgage amount for which you qualify. Pre-qualification can be done over the phone or on the internet, and there is usually no cost involved. Loan pre-qualification does not include an analysis of your credit report or an in-depth look at your ability to purchase a home. The Skinny on Pre Approval Getting pre-approved is the next step, and it tends to be much more involved. You’ll complete an official mortgage application, then supply the lender with the necessary documentation to perform an extensive check on your financial background and current credit rating. (Typically at this stage, you will not have found a house yet, so any reference to “property” on the application will be left blank). From this, the lender can tell you the specific mortgage amount for which you are approved. You’ll also have a better idea of the interest rate you will be charged on the loan. With pre-approval, you will receive a conditional commitment in writing for an exact loan amount, allowing you to look for a home at or below that price level. Obviously, this puts you at an advantage when dealing with a

  • The Subprime Mortgage Meltdown….explained by stick figures!

    Much time has passed, and many people don’t really know how the whole Subprime Mortgage Meltdown happened.  People who have seen the recent movie, “The Big Short” have a much better idea, but for those who have not, take a look at this quick video and you will have a better understanding of just what happened. It is pretty funny, but has a few “bad” words in the text near the end, so for the easily offended…harden yourselves! Trust me, you will come out enlightened…..or something else. Cheers, Craig Sutliff Mortgage & Real Estate Consultant The GreenHouse Group. Cell:  619-857-4954 Email:  Craig@GreenMeansGrow.com

  • Spanish Revival For Sale in Golden Hill

    A beautiful Spanish home built in the 1920’s is currently for sale in the Golden Hill neighborhood, just east of Downtown San Diego. This featured home has 3 bedrooms (plus an optional detached bedroom,) 2 bathrooms; a formal dining room, laundry room and plenty of outdoor space in the back for entertaining. The historical charm of the home is apparent throughout and when you step out your front door the options are endless. Turn right for a quick trip to Starbucks, or the Saturday Golden Hill Farmer’s Market. Turn left, and hit the Golden Hill Park, local coffee shop Krakatoa, San Diego relic, Turf Club, or hip cocktail spot, Counterpoint. And if getting into the fun of the Gaslamp District, your an Uber ride away that will only cost you a couple of dollars. To find out more on this charming home for sale, or to learn more about the sought after neighborhood of Golden Hill, contact me at: Carmen@GreenMeansGrow.com. –Carmen Harris, Real Estate Consultant

  • How to Choose an Agent

    How to choose a real estate agent to help you buy or sell a home. Most people start their search online or seek the advice of friends. Some people will seek out top producing agents or start at some of the big companies such as Century 21 or Prudential. But, will that guarantee you of an exceptional agent, or even, an exceptional experience? Experience shows that what matters most is finding an agent that you have a personal connection with, and who is going to have a laser-like focus on your needs and do everything to achieve the goals. If you’re looking for an agent that will work tirelessly for you, then look no further. Please give me a call or shoot me an e-mail and I will provide you with a free 90-minute consultation to find out exactly what you’re looking for, what is important to you, and to see if we are a good fit for each other. There is absolutely no obligation from this meeting, what really drives me is to leave people better than I found them. I look forward to hearing from you. Craig Sutliff Real Estate Consultant & Mortgage Planner The GreenHouse Group P: 619-857-4954 E: Craig@GreenMeansGrow.com BRE Lic# 01735288, NMLS ID#

  • Brexit for Breakfast, yum!

    Brexit for Breakfast, yum! So what does England withdrawing from the European Union mean for the mortgage and real estate market? Well, as I’m sure you’re already aware, we have had a massive sell-off in the stock market.  The money that used to be invested in stocks, is now running to the safety of bonds.  With the increased demand for bonds the price of bonds increases which, consequently, pushes the interest rate, or yield, of those bonds down.   In turn, this translates into lower mortgage interest rates.  So if you are buying a home or refinancing your current mortgage right now, your timing could be no better.  Lower interest rates means lower payments and increased savings, something everyone loves!  Additionally on the real estate side, these lower interest rates will increase your purchasing power and will allow you afford a higher-priced home without an increase in your monthly payment!  The old adage that it only makes sense to refinance if you drop your interest rate by 1% made sense in the “old” days when most mortgage loans were around $100,000.  But, most people have mortgage loans ranging from $300,000 to $600,000 and even .500% drop in interest rates could save you tens of thousands of dollars.  So, for a free mortgage loan consultation to see if refinancing might make sense for you, or how much more purchasing power a lower rate will provide you, give me a call or shoot me an

  • Great Life Hack for Anyone

    Hey there, here is, what I think, is a great life hack for anyone. Most people strive to improve upon themselves in business and in their own personal lives.  It is something that drives me to improve myself every day.  Whether it is to be a better agent for my home buyers and home sellers, be a better mortgage consultant for my mortgage loan clients, a better father to my kids, a better husband to my wife or a better friend to those dear to me.  I will always strive to do my best.  Though, in order to improve, one must also recognize areas that need improving.  So, with Father’s Day just passing by, I decided to share with you one thing that I tell my children, and that is:  “Take my Best, and Improve upon the Rest.”  There will always be certain things that we wish we could do better, and certain shortcomings that, for whatever reason, we just can’t seem to change.  So I tell my kids that I will always strive to do my best, and improve myself, to take the best I have to offer them in life, and then work on improving the areas, for themselves as they grow older, where they might think I have come up short. Kind Regeards, Craig Sutilff Real Estate & Mortgage Consultant The GreenHouse Group, Inc. Email:  Craig@GreenMeansGrow.com

  • What Is An Appraisal?

    Jun 6, 16 • Meche • First Time Home Buyers, Home BuyersNo CommentsRead More »

    An appraisal is an estimate of a property’s value and is not to be confused with an inspection.  It is an evaluation performed by an appraiser who is not chosen by the Listing Agent, the Seller, the Buyer’s Agent, nor the Buyer; they are a third party entity hired by the Buyer’s lender.  The Buyer pays for an appraisal as part of the lending costs but the appraiser’s job is to determine a property’s value and see if it is worth the amount the Buyer has offered.  Should the Buyer be present at an appraisal?  It is not common practice since the appraiser is not there to present information to the Buyer rather gather their own data and present an appraisal report to the Buyer’s lender!  There are many factors that affect a property’s value like location, condition, recent sales of similar near-by properties, etc.  For a full list of what adds value or devalues a property, go ahead and shoot me a line at  Anahi@greenmeansgrow.com or at 858.381.2621 and I’d be happy to forward that to you. Till next time and happy house hunting!

  • Hidden Secrets Lurking in this Beautiful Home?

    Hidden Secrets Lurking in this Beautiful Home? One of the most important steps in purchasing a home, is having a home inspection conducted.  Now, just what kind of home inspection do you need?  Well, the first step is to get a General Home Inspection.  A general home inspector will conduct a general inspection of 5 primary home features:  foundation, roof, plumbing, electrical and overall functioning systems of the home.  If the home inspector finds any deficiencies with these areas, he will typically recommend a more in-depth inspection by a specialist, such as a licensed plumber, electrician or foundation specialist.  This particular home, my clients were in contract to purchase, had some uneven floors that raised the concerns of these first time home buyers I was representing.  Where many agents might try to downplay the significance of any negative findings, the role of a true consultant is to leave no stone unturned and to make sure any concerns of their client(s) are addressed.  So in this case, we hired a foundation specialist to investigate the home further.  As it turned out, there were some minor corrections that were recommended, which we were able to negotiate with the sellers to have repaired.  Now my clients have complete confidence in the home, and that I will look out for their best interests. So if you are looking for a real estate agent that

  • Logan Heights

    May 16, 16 • CarMama • Home BuyersNo CommentsRead More »

    I want to let you in on a little secret….one of the oldest areas in San Diego with one of the best locations is about to get the credit it deserves…. ! For years now, people have either not heard of Logan Heights or found it less than desirable in terms of real estate. And in my opinion, all of that is about to change. Situated in a prime location near downtown and close to the Coronado Bridge, the area of Logan Heights and Barrio Logan is finding itself morphing into the cool, underground area to grab a bite to eat and experience some of San Diego’s most vibrant culture. With places like Border X Brewing and Salud to grab local craft beer and some of the best tacos in town, this is definitely an area you should check out. And while home prices are steadily on the uptick, it’s still one of the more affordable areas, although it’s my bet, it won’t last long. There are a few homes currently for sale in the hopper, and if you are curious to know more about them, email me at: Carmen@GreenMeansGrow.com. Enjoy the area while it’s still relatively unknown! -Carmen Harris, Real Estate Consultant

  • Question you MUST ask when buying a home

    Here is a Question you MUST ask when buying a home. As they say, buying a home is one of the largest financial decisions you’ll make in your life. What THEY never tell you is all the important intricacies and decisions that come up AFTER you find that perfect home. Craig Sutliff here with The GreenHouse Group.  I’d like to talk to you briefly about one of those important decisions that seems innocent enough, and that is obtaining home insurance. Now the lender is going require you to have insurance on the property that they’re financing, that makes sense.  But, not all insurance policies are not created equal. The lender requires, what is called, a Fire and Hazard policy, to cover the home.  What THEY don’t tell you, is what is NOT covered inside your home. Many people own valuable things, such as: coin collections, stamp collections, sports memorabilia or card collections, firearms, or jewelry such as wedding rings….all of these important and valuable items are NOT covered by a standard policy. To have these items covered you’ll need to purchase what are called an insurance Riders for any of those specific items. Now, most buyers will wait until late into a real estate transaction before they contact an insurance agent or broker, and many times after they have removed all their contingencies and their earnest money deposit essentially belongs

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