Are Temecula first time home buyers bringing a knife to a gunfight?

First time home buyers in today’s real estate market are facing challenges unlike any other past housing market and if you’re going to buy your first home you need to be equipped with the right “weapons”.
 

Apologies to Sean Connery in The Untouchables but if you’re not represented by the best possible Realtor and Lender, you could very well be bringing a “knife to a gunfight”.

If you’re a first time home buyer in Temecula, Murrieta, North County San Diego or any market where foreclosures dominate you will be in a “business negotiation” with a bank and their representative (the listing agent) and to the bank this is not a real estate transaction but a debt settlement and they’re only interested in one thing: protecting their interest.

 

Read the complete article

The perfect home is for sale in Murrieta, CA

We all have a different definition of perfect, but this one has everything needed for first time home buyers in today's market:

1) It's been completely rehabbed and is NOT a flip!

2) It's priced $75,000 BELOW the average sale price for Murrieta at $174,200

3) It has to be sold to a first time home buyer (no investors to swipe it from you).

4) The seller is willing (no make that required!) to accept the RivCo Down Payment Assistance program

5) Qualified first time home buyers are eligible for up to 30% in down payment/closing cost assistance.

Now that's my definition of perfect!

http://www.mrmlsmatrix.com/DE.asp?k=922462XQSSE&p=DE-88306087-208

For more information, Contact Us

The majority of first time home buyers have said that saving for a down payment is the biggest hurdle for them on their path to homeownership, and contrary to what you might hear from the mainstream media, first time home buyer programs and down payment assistance are alive and well. 
But how do American's feel about homeownership? To find out check out the result of this survey done by Trulia.com
View Slide Show

4 Pitfalls for first time home buyers to avoid when buying a foreclosure

Due to the mortgage crisis that our country faced over the last several years, there are continually more and more foreclosure properties that are being put up for sale everywhere you turn. Of course, this can be very tempting for first time home buyers as people can sometimes get properties for 30% or even less on the dollar than they sold for less than five years ago.
However, if you are considering a foreclosure property for your next purchase, then there are some common pitfalls that you will need to avoid along the way to protect yourself and your future asset. Let’s review some areas to be aware of before making any serious offers.
Read the complete article