(310) 853-3073

Our South Bay Community Blog

The Veteran Affairs (VA) Loan Program is a mortgage loan program guaranteed by the United States Department of Veterans Affairs (VA), issued through approved lenders, including banks, credit unions, loan companies, and mortgage brokers throughout the United States for veterans of the United States Navy, Army, Marine Corps, Coast Guard, and Air Force.

The VA home loan program was created in 1944 as a way to help the massive numbers of soldiers returning from World War II, as well as spouses of those killed in action, to purchase homes without requiring perfect credit or a down payment. Since its inception, the VA loan program has assisted millions of veterans, active and retired duty members of the military, and their dependents purchase a home or

18 Views, 0 Comments.

Going over real estate purchase contracts is not just an overwhelming experience, but it can also be a difficult one due to the dry, legal nature of contract writing. Nonetheless, real estate contracts are meant to help to protect all parties involved, and thus, it is very important that buyers take the time to carefully read and understand all documents used in their real estate transaction. One specific point of confusion often mentioned by buyers as they read through these contracts involves the various buyer contingency forms, especially those used for a contingency on the sale of a current home, financing and appraisal, and buyer inspections. 

Purchase Offers Contingent on Sale of Currently-Owned Home

It can be a real juggling act for buyers

125 Views, 0 Comments.

When a family member passes, their next of kin must gather together to determine the dictates of the will and make sure all details are followed properly. This often includes selling the person's home and dividing up the proceeds among their creditors and beneficiaries. This guide walks you through the basic steps of selling an estate and how to minimize complications during the process.

Every legal situation is unique; make sure to consult with a legal professional to better understand the best course of action in managing your circumstances.

Verify the Will and All Debts

Before anyone starts following the instructions given in the will, they should confirm that the will is the latest version and that all proper protocol was followed in the

211 Views, 0 Comments.

Home Buying Partnership The American dream of home ownership is still alive and well, but a rising number of home buyers may no longer fit the profile of a typical buyer. Instead, a growing number of people are choosing to purchase a home with a partner or friend.

Since many of the laws surrounding legal ownership of real estate were written with matrimony in mind, this newer style of homeownership can encounter problems, especially if the partners split up or one passes away. If you are pursuing this new style of home buying, taking time to learn how to protect your interests before you purchase can be the best way to avoid legal or financial issues later on.

As always, make sure to consult with a legal professional to see what will work for your specific situation.

168 Views, 0 Comments.

Buying a Home From the Bank Bargain shopping is not an activity solely reserved for buying furniture or clothing. In fact, as demonstrated by the aftermath of the epic bursting of the United States housing bubble back in 2008, home buyers also like to find a real bargain, and for many this means actively shopping the local inventory of foreclosed homes. 

While the purchase of a foreclosure can offer buyers an opportunity to get more house for the amount they want to spend, the process to purchase one has some important differences from a traditional home purchase that buyers should understand before deciding to make an offer on a foreclosed or bank-owned home.

Understand Auctions and Bank-Owned Foreclosures

Buying a foreclosure at auction can seem like a bargain, but the

332 Views, 0 Comments.

Staging a Vintage Home When you stage a home before you sell it, you want to present it as a place that will be current and neutral enough for modern home buyers. Staging an older home can still be a comfortable space for future owners. With these tips, you can also take advantage of some of the benefits of older homes, such as beautiful architecture or classic features.

Make Repairs in Advance

A major concern with selling an older home is that an older structure and outdated interior systems may need to be replaced. You might be horrified to discover that a home you were prepared to buy needed a great deal of structural repairs before it would be move-in ready.

Ask your real estate agent if getting an inspection in advance would be a good move for your home. If

297 Views, 0 Comments.

Home Seller First Impression It's an eye-opening realization for home sellers everywhere - no matter how much time, money, and work is invested into the interior of the home, buyers may never even see it if they lose interest at the curb.

Just as the right wardrobe is important for conveying professionalism in business, the visual appearance of a home, especially one that needs to attract qualified buyers, is vitally important to a successful sale. But what does a prospective buyer hope to see when they arrive at the curb? What will make them eager to enter into the home in order to see more?  

The Basics of Curb Appeal 

The first rule of curb appeal is simple: make sure that everything the buyer sees outside the home is clean and neat. Just like people, houses can begin to

130 Views, 0 Comments.

Lender Paperwork and Disclosures Although the idea of regulating the ways lenders can provide mortgages to home buyers is nothing new, the housing crisis stepped it up considerably. In recent years, there have been several mortgage regulations passed by federal and state governments, designed to protect borrowers.

Here are a few of them, and how they affect your mortgage and home search.

To understand what mortgage terms will work best for your specific situation, consult with your lender or financial advisor.

What is Mortgage Regulation?

When you apply for a mortgage, you may see it as a process that involves just your lender and you, the borrower. The truth is that there are many government regulations and agencies that are also involved in the mortgage lending process.

361 Views, 0 Comments.

Home Value and Capital Gains The phrase "capital gains tax" has the power to create fear in the heart of many homeowners, especially those with plans to sell in the near future.

If you are planning to sell your home soon and already worrying about your capital gains liability, the information in this article can help you understand the meaning of the law, and help you determine how, or if, the capital gains tax will affect you with the sale of your home.  

What is the Capital Gains Tax?

As the Internal Revenue Service (IRS) explains, nearly everything owned or used for personal or business use is considered a capital asset, including your home and even your furniture and other personal possessions. Capital gains taxes are calculated by computing the difference of the basis

148 Views, 0 Comments.

Fully Furnished Home By now you've surely heard that staging your home before putting it on the market will help you sell your house faster and for a better price, since seeing a furnished property helps buyers imagine living there. But would buyers also be interested in keeping all that furniture and some of the decorative touches for themselves? 

As it turns out, yes – there is a market for selling fully furnished homes, and there are buyers out there who are looking for 100 percent turnkey properties that they can slide into without even hiring a moving van. This type of sale is becoming more common in some areas, though it's still far from the norm in most areas of the country. 

When Should You Sell a Fully Furnished House?

For certain sellers, getting rid of

704 Views, 0 Comments.