Real Estate Sellers Side Closed Transaction | Closed November 2013 I sold two land lots for this client it took about 90 days to sell the both of them, but we did get list price and the transaction was very smooth. Represented Sellers Sold 2 Land Lots in Apple Valley California Lot 1: 1 Acre Land Lot for Sale – Tenaya Rd Apple [...]
Real Estate Sellers Side Closed Transaction | Closed November 2013 This beautiful home located in Corona California has already sold, but if you are looking to buy a home in Corona California and need a good Realtor to help guide you through the Real Estate transaction then contact local Corona Real Estate Agent Michael Marchena. Whether you are [...]
If you would like to get updated information on homes for sale in California delivered directly to your email and have a simple way to manage these listing with me as your Real Estate Agent then simply fill out the form below and I will create an account for you on the MLS, so we [...]
Realtor vs Real Estate Agent Explained Realtors Michael & Anita Marchena, have been sworn to the Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS ®People use the terms REALTOR® and real estate agent interchangeably, but that is incorrect. There are differences between REALTORS® and real estate agents. They are not the same. Although both are [...]
Corona Realtor, Find a Local Real Estate Agent in Corona California Real Estate Agent located in Corona, California. If you are looking for a Local Corona Realtor, a Corona Real Estate Agent in Corona, California, to help you sell your home or property with local knowledge of the Corona housing market and all surrounding areas [...]
It depends. Whether or not it makes financial sense to pay points typically depends on how long you are going to keep your loan. When you pay a point, you are paying money upfront to lower your interest rate. A lower interest rate means that you will have a lower monthly payment (because the interest [...]
Find the Right Real Estate Agent in Riverside County California / Inland Empire Michael Marchena is a local Real Estate Agent located in Corona California. If your looking for a Local Realtor in Inland Empire California with local knowledge of the housing market in any of the following areas including but not limited to Aguanga, Anza, [...]
Thinking about Buying a Home? Now is a great time to buy a home with interest rates at an all-time low, and home prices are more affordable than they have been in years. Buying a home is one of the biggest transactions a person will make in life, and finding the right Real Estate [...]
Buying Your New Home Looking for a new home can be an exciting and challenging experience. Having the right real estate proffessional that takes the time to listen and understand your unique needs and lifestyle is important. Michael Marchena will work hard to not only find the perfect home for you, but also to handle [...]
Staging Your Home To Sell! 1. Curb Appeal is huge! Remember First impressions can go a long way. Dont let potential buyers simply become drive-bys most potential buyers will judge your home by the first thing they see. And what do you think is going to be the first thing they will see? Well if [...]
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Buying a Foreclosure Foreclosed and foreclosing properties dominate many of today’s U.S. real estate markets—more than four years after the sharpest observers saw the market shift coming, and more than two years after the reality hit home for millions of American home owners. The recent Distressed Property Buying Survey unearthed great information about where the opportunities [...]
Mortgage Fraud is on the rise. Here are the top 10 signs you should look out for to make sure you are not being taken advantage of.
Olivias is one of my favorite Mexican Restaurants in Riverside they offer great quality mexican food. I would highly recommend Olivias Mexican Restaurant to anyone looking for quality Mexican Food in a friendly inviting environment. Olivias Mexican Restaurant 9447 Magnolia Ave, Riverside, California 92503 Phone: (951) 689-2131 Web Site: OliviasMexicanRestaurant.com See what others are saying about Olivias [...]
The national housing market continues to recover, indicated by a balanced supply of inventory and increasing home prices across the country. NAR President Moe Veissi states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened and are supporting growth in home prices.” However, rising demand [...]
Photo: Housing tracts in Aliso Viejo. (Marc Martin / Los Angeles Times ) Article By E. Scott ReckardJuly 19, 2012, 7:50 a.m. The average rate on a 30-year fixed mortgage hit another new low this week, dropping to 3.53% from 3.56% last week, according to Freddie Mac's survey of what lenders are offering to well-qualified borrowers. With the Federal [...]
Home values rise for first time in 5 years Well after a bumpy road it looks like we might start to see things settle down. NEW YORK (CNNMoney) -- Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday. Nationwide, home values rose 0.2% year-over-year to a median [...]
EARNEST MONEY. A sum paid by a potential buyer to demonstrate that the buyer is serious about buying. If a contract is executed, the earnest money is credited toward the purchase price at closing. Make sure you know the terms of your contract.
EASEMENTS. Rights of way granted to persons or companies authorizing access to or over the owner's land. For example, utility companies may have easement rights to install pipes or wire on or over your land.
ENCROACHMENT. An unlawful intrusion onto another’s adjacent property by improvements to real property, e.g. a swimming pool built across a property line.
ENCUMBRANCE. Anything which affects or limits the fee simple title to or value of property, e.g., mortgages or easements.
EQUITY. The value in excess of all indebtedness against the property.
ESCROW. A system or document of transfer in which a deed, bond or fund is delivered to a third party to hold until all conditions in a contract are fulfilled.
EXCLUSIVE AGENCY LISTING. A listing agreement employing a broker as the sole agent for the seller of real property under the terms of which the broker is entitled to a commission if the property is sold through any other broker, but not if a sale is negotiated by the owner without the services of an [...]
EXCLUSIVE RIGHT TO SELL LISTING. A listing agreement employing a broker to act as agent for the seller of real property under the terms of which the broker is entitled to a commission if the property is sold during the duration of the listing through another broker or by the owner without the services of [...]
FANNIE MAE An acronymic nickname for Federal National Mortgage Association (FNMA), or Fannie Mae. A quasi-public agency converted into a private corporation whose primary function is to buy and sell FHA and VA mortgages in the secondary market.
FEDERAL HOME LOAN MORTGAGE CORPORATION. Aka Freddie Mac. An independent stock company which creates a secondary market in conventional residential loans and in FHA and VA loans by purchasing mortgages.
FEDERAL HOUSING ADMINISTRATION. (FHA) An agency of the federal government that insures private mortgage loans for financing of new and existing homes and home repairs.
FHA (Federal Housing Administration): This federal agency established by Congress in 1934, insures mortgage loans made by FHA-approved lenders on homes that meet FHA standards in order to make mortgages more desirable investments for lenders.
