Real Estate Resources
With all of the acronyms and legal language, real estate can become a complicated subject. Our team of professionals is working on developing the proper resources that prepare you for investment success.
First Time Homebuyer
Becoming a first time homebuyer can seem tricky. Here we breakdown some of the resources available that will help you to be better prepared when you’re purchasing your first home.
- Get pre-approved for a mortgage
- Understanding how much you can actually afford provides everyone with the best knowledge. As well as they will take a deep look into whether you are ready to buy a home. This includes a full evaluation of your credit score, income & any debt.
- Do not look for homes outside of your price range
- This can create an expectation and could lead to dissatisfaction with any new property you see. You can start looking at homes once you have a budget. Otherwise, you may fall in love with a property you simply cannot afford.
- Create a plan to purchase your home
- This plan should be personally tailored to your goals. When consulting with a real estate agent, they can help strategize the best methods for purchasing your first home.
Flippers need adequate resources & localized knowledge to properly get returns on their arbitration.
Proper maintenance and renovations on your home will help with maximizing its value when you need to sell.
Veterans have several options when purchasing a home. Especially regarding VA Financing that can help with affordability such as a low to no down-payment.
High Net Worth
High Net Worth individuals have many more options when purchasing and investing in real estate. However, these solutions can get complicated as they are creative measures to assist our clients. Whether you are dealing with family trusts or need a proper rate of return, we have helped our clients navigate these needs and can help set them up for success.
Real Estate Development. We understand the development process and the huge risk that it can be to take on by yourself. To not lose it all, here are the basic fundamentals for developing a real estate property.
- Get funding in place!
- Feasibility Study
- Building what you want, where you want it may seem like an easy decision. However, each city comprises their own ‘Master Plan’ that details out their respective plans for their municipality. This means that although you want to build your dream home on a specific location, the City may have other plans for that plot of land. Getting a feasibility study completed allows you to ensure you can build what you want, where you want it.
- Consult a real estate professional
- By consulting a real estate professional, they can ensure that what you are constructing is the highest and best use for that property.
CPA or a Certified Public Accountant is a professional that can assist you in completing your taxes. The true value of these professionals is when they can assist you in tax planning. Having a CPA complete your taxes can save you money, but discussing your investment and life decisions can set yourself up for minimal taxes.
What is a Realtor? A realtor is not only an agent that can help you purchase and sell your home. They are also people that can help connect you with many other resources and professionals that will prepare you for success.
Trust & Estate Attorney
Connecting you with a proper Trust & Estate Attorney is essential.
Financing on your property is one of the most important steps in purchasing a home. Consulting with a mortgage advisor can properly help you understand the price point at which you can afford a home.
Divorces are difficult. With the right attorney, these professionals can assist you in making this experience easier and more tolerant for our clients.
Planning your finances is of the utmost importance. Connect with a financial planner to ensure you are on the right path to achieving your goals.
Terms & Definitions
Please see below for any real estate terms and definitions that you may come across.
An appraisal on a property is done by an appraiser to understand the current value of a home/property. In residential properties, appraisers utilize comparable property sales (A.K.A. Comps) to calculate the value.
Earnest Money Deposit (EMD)
An earnest money deposit are the funds that are deposited when placing an offer on a home/property. This lets the party selling the home know that the buyer is making a serious offer. If your offer is accepted, this money is held in escrow and depending on the contract can be taken if the deal fails.
Coronado Shores Co.
Toll Free: 800-677-5124
1330 Orange Ave # 190
Coronado, CA 92118