A few things for home buyers to ponder ....

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Real Estate Services with Berkshire Hathaway HomeServices California Properties BRE#01016593/01048899

 

 

Before starting the house hunt, there are a few things buyers need to consider.

  • Credit score: Lenders are generally looking for buyers to have credit scores of at least 620 nowadays.  Although the Federal Housing Administration will extend loans to borrowers with credit scores as low as 580, most banks are imposing higher scores.
  • Reserves: Even when renting, financial advisers recommend saving four to five months’ worth of expenses in case of job loss or any other unforeseen event.  Homeowners should add an additional two months’ worth to their savings.
  • Settling down: Buyers should think about if they see themselves living in the same place for five to seven years.  Homeownership is not just a financial decision, it’s also a lifestyle choice.
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 Richard and Janine Kirchnavy - Prudential California Realty (909) 945-3662

It would be our pleasure to assist you in your next real estate transaction.

Janine Kirchnavy - Broker Associate License #1048899

Richard Kirchnavy - Broker Associate License # 01016593

(909) 945-3662

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Berkshire Hathaway HomeServices California Properties
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  1. Winston Heverly 11/10/2011 12:44 AM
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Topic:
ActiveRain Community
Location:
California
Tags:
atlas real estate
janine kirchnavy
california real estate
loan qualification
reserves
credit scores
home buyer

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Rainer
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Scott Freedle
Metro Brokers Freedle and Associates

Nice tips to those buyers thinking of purchasing a home soon.

November 10, 2011 12:15 AM
Rainmaker
792,479
Tim Lorenz
949 874-2247
TIM LORENZ of Keller Williams Realty

It is important to get the information before making a decision.  This should be helpful for buyers.

November 10, 2011 01:47 AM
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Rainmaker
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Richard and Janine Kirchnavy

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Additional Information

We have been assisting homeowners market and sell real estate and helping homebuyers find their dream homes since 1989. Our extensive knowledge of the Southern California real estate market and can help you find the right home for you or the right buyer for your home. We specialize in listing and selling single-family homes, condominiums and residential income properties 1-4 units, including Standard Sales, Probate and Trust Sales, Short sales and Pre Foreclosures, REO and Bank-Owned homes and HUD properties. Serving the community's real estate needs in the Tri-County area including: San Bernardino County, Riverside County and Los Angeles County. Providing you with comprehensive, high-quality customer service is our top priority. So when you decide to buy or sell your home, please contact us - (909) 945-3662 and let's get started!