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| Home Buyers |
If you are looking to buy San Diego real estate, you have come to the right real estate company.
The Associated Realtors Team has the knowledge and experience to help you. Check out our Concierge Services and Relocation Service.
What a Buyer needs to know
- Your needs and wants and what you are willing to pay for them.
- The difference between a prequalification and preapproval. Most sellers will be more apt to accept an offer from a buyer that has a preapproved loan. A prequel simply is usually based on a credit report and basic income and asset documentation that is provided to a lender.
A preapproval states that the borrower actually has a loan waiting for them subject only to a purchase contract and appraisal. It is based on verified documentation provided such as pay stubs, W-2’s, bank statements, and a completed application.
- You will need an earnest money deposit regardless of transfer or exchange.
- Escrow. In San Diego, we use escrow companies to handle the purchase paperwork and the closing. We do not use attorneys as closing agents. (This escrow has nothing to do with the monthly handling of taxes and insurance. That is called impound accounts) Escrow fee is typically shared between the buyer and seller and is paid at the time of closing.
- Title – For San Diego real estate, seller usually pays for the owner’s policy of title insurance. The Buyer pays for the lenders policy of title insurance.
The following costs are typically paid by buyer:
All new loan charges
Recording fees for all documents recorded for the benefit of the buyer
Escrow fee (50%)
Notary fees for the buyer
Property Inspection fee (Property inspection, roofing, etc)
Title Insurance for lenders policy
Pro rated Taxes
Homeowner’s Insurance
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 | PREVIEW INFO
Price: $1,125,000
Bedrooms: 2
Baths: 2
Sq. Ft.: 1,615 |  | PREVIEW INFO
Price: $925,000-$949,000
Bedrooms: 2
Baths:2.5
Sq. Ft.: 1700 |
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