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Are There Termites In Your Home?

by Leticia & Associates

Termite inspections are a necessary inspection required by many states in the home sale process. If a home has termites, they can create significant damage and even destroy a home if left untreated. No one wants to hear that their current or potential home has termites, but it’s better to address a known problem than to live unknowingly with an infestation.

In fact, if you notice evidence of termites, there’s a good chance the infestation is already quite advanced.

If you have any worries at all about termites in your home, the best course of action is to locate a pest control or termite inspection so that you are aware of the full extent of the problem. Of course, pest inspections are an important part of the overall inspection process, so make sure you hire an expert in the field:

  1. Check out online or yellow page listings under Pest Control for a licensed, bonded inspector. Your real estate agent can also be helpful in locating a company for you.
  2. Request estimates for the inspection cost and compare rates.
  3. Make sure that you get a copy of the inspection report and course of action needed before signing any contract papers.


It is important to know that buying or selling a home usually requires a clear pest control report. The inspector looks for termite infestation as well as other pest infestation, plumbing leaks, obvious roof leaks, dry rot and water damage. Make sure that all areas of the home are accessible for the inspector. Try to stick with companies that do inspection and treatment only – and leave any wood repair to carpenters or contractors.

 

 

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Short Sales Basics

by Leticia & Associates

Selling a home through a short sale has become a popular alternative to foreclosure. It is a good idea for both buyers and sellers to understand what is involved in this process. Here’s what you should know if you are considering purchasing a short sale property:

The Basics

The bank does not own the property, but it is the party that will take the loss. That means the bank will be the one to approve the offer, not the seller. It also means that the property will be sold as is and the buyer will be responsible for any repair costs. Since the bank is taking less than what is owed, there is not much room for negotiation. You will make an offer on an agreed upon amount; and at the end of the process, the offer may or may not be accepted. The bank may also continue to accept offers from other prospects.

Be Prepared to Wait

If you are in a hurry to close on a property, purchasing a short sale home is probably not for you. The bank may take several months to review and approve or decline the offer. You may want to introduce yourself early on in the process with the bank’s loss mitigation department, so that you can at least stay informed along the way.


There’s No Guarantee

A short sale can present a real bargain – although there is no guarantee that the offer will be accepted. In some states, the seller may also be liable for making up the difference in the sale price and loan amount to the bank, which may affect the price the seller is willing to accept from you. The discount on the selling price may not be worth the wait and aggravation of dealing with the lender. Do your own market analysis to understand the real value of the home and the neighborhood.

It’s best to work with a realtor who is experienced in the short sale market. The realtor can help you through the process, including determining that the short sale is already lender approved. While some short sales do work out, they present high-risk transactions for all parties involved. Do your homework and understand both the benefits as well as the challenges that may be involved.

 

 

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Time Saving Moving Tips

by Leticia & Associates

Moving to your dream home can be quite a time-consuming process, and it can often be frustrating too. However, here are some helpful tips to help you get organized for a smooth and efficient move to your new Chino Hills home.

1. Change your address and notify companies before you move. Start by filling out a change of address form in advance of your move. Doing this ahead of time can help you to avoid hassles like past-due bills, service lapses and even identity theft. It is also a good idea before you move to set dates to discontinue your utilities at your old address as well as arrange for these services to be turned on at your new address.

2. Create a moving schedule.
It is a good idea to set up a moving schedule a few months before you move. Set it up as a week-by-week checklist to manage the process and help to stay on track. A moving schedule helps you to keep track of the little details or things that may be over looked, thus helping you to avoid last minute headaches. 

3. Establish a packing system.
Packing is a major time consumer so think about coming up with a packing system so all of your boxes end up in the right rooms when they get to your new home. Many professional movers recommend that you use the color code system where you color code each box with a particular room to avoid any confusion with the movers. It is also helpful to give your movers a floor plan of your home with each room labeled.

4. Get rid of unnecessary items.
The less boxes you pack the less you have to move and finally unpack. So it makes sense to thoroughly go through your items and get rid of the things you just don't need. Items such as unread books, half-empty cleaning products, clothes that you know you won’t wear again should be given away or sold at a garage sale. You don't want to bring the clutter to your new home!

 

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Displaying blog entries 1-3 of 3

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Contact Information

Photo of Leticia & Associates Real Estate
Leticia & Associates
Keller Williams Vision
15325 Fairfield Ranch Rd Ste 100
Chino Hills CA 91709-8834
(909) 731-8187
(909) 731-8187 cell/text

We can assist buyers, sellers, investors, first time home buyers, relocations, and is a certified short sale specialist in todays real estate market. We provide real estate services in Chino Chino Hills and the surrounding communities of Corona, Diamond Bar, Fontana, Ontario, Rancho Cucamonga, and Upland, Yorba Linda, Brea, La Habra. 

This website created and maintained by
Kim Hughes - Real Estate Virtual Assistant

CA BRE No. 01885348