David C Johnston, 95Long Beach, CA

Purchase Loan, Refinancing, Home Equity

When considering the purchase of a new home, refinancing or obtaining additional property, please contact David for a personalized mortgage plan. David can be contacted at 619-977-6497 or david.johnston@imortgage.com. www.djlender.com.

Residential sales
Luxury homes
First time home buyers
Relocation
Waterfront Homes

Better Homes and Gardens Real Estate Gary Gre
832-7891819 (Phone)
License #0592245

CMRS
MRP

Home Buyers
Home Sellers

Single Family Home
Condo/Townhome
Residential Rental

Boating
Wine
Real Estate!!
Sports....Repeat!

USAA Preferred Agent
Better Homes and Gardens Affinity Specialist

English

Sales
Mortgage
Negotiating
Relocation
First Time Buyers
Military Transactions
Problem Solving
Marketiing
Seller Representation

I am committed to place the goals of my clients first and to provide the highest level of service. SELLING YOUR HOME Asking Price This is the number one factor in the sale of your home. Our sales and marketing program provides exposure to a large segment of potential buyers. The actual market value is then determined by what a buyer is willing to pay. Property Location The second most important factor in the buyer’s mind is location. The proximity to area amenities and schools is typically a concern. In addition, street traffic, proximity to expressways and public transportation are considerations. Property Condition Buyers look at the structural and mechanical integrity as well as the upkeep and cosmetic appeal of a property. Neutral décor, including floor and wall covering, appliances and fixtures, offers the broadest appeal to potential buyers. Market Conditions Interest rates, competition from other properties, the economy and consumer confidence all influence the sale of your home. Each of these factors is beyond our control, so we must respond to these conditions with the appropriate marketing and price considerations. Contract Terms The terms of a sale can make or break the contract. House sale contingencies, closing dates, and exclusions of accessories or fixtures should always be handled clearly up front in order to avoid any confusion that could affect the sale. BUYING YOUR HOME Loan Application Comparing types of loans and making a loan application are important steps in the home buying process. At the time of loan application, the lender typically charges an application fee. This fee tends to cover the lender’s cost of pulling your credit report and the cost of a professional appraisal on your property. Once these loan application tasks have begun, the fee is not refundable. Making an Offer When you have found the home of your choice, it is time to write an offer. The offer is usually written on a contract form promulgated for Realtors® by the Texas Real Estate Commission. When buying a new construction, however, the builder might require his or her own contract form. The contract form details the many aspects of your transaction and upon acceptance serves as an instruction booklet to the Title Company and others involved in the transaction. Decisions need to be made at the time of the offer regarding such items as the closing date, terms, conditions, possession, sales price, down-payment, an option time and fee, a request for repairs or inspections or an offer without a repair request. I will work through the many details with you. When you start your home search, it’s a really good idea to ask me for a sample copy of the form . . . and don’t hesitate to ask questions. Negotiating to Contract The market will give you many clues about the best way to begin negotiations with a seller. If it is a “seller’s market” and properties are selling quickly, perhaps with multiple offers, it would be best to make your very best offer initially or risk having the property go to someone else. The seller is not obligated to respond to an offer. If another offer is received which meets the seller’s needs, there might not be an opportunity for you to negotiate. However, if the market is soft and supply is great, the opportunity to negotiate the terms and conditions of your offer are much greater. When negotiations are complete and an offer is accepted and signed by the seller, it becomes a legal binding contract. Deposit of Earnest Money I will follow up to see that title is opened on the property you are purchasing. At this point, the earnest money will be deposited with the Title Company. This will typically happen within 24 to 48 hours of the final signing of the contract. When the Title Company opens title on a property, the history of the property is researched and a title commitment is issued. The commitment will detail items that might need to be cleared before issuing a title policy. Mortgage Details During this time, your loan officer is finalizing any items needed for your final loan approval and ordering an appraisal of the property. Loan approval details will vary depending on the type of loan you are obtaining. The lender will also order the survey. Repairs If repairs have been requested and agreed to by the seller, they will typically be completed between loan approval and closing. A final walk-through is important prior to closing. Closing and Funding The lender will draw the papers needed to create your new loan and send them to the Title Company to be reviewed by the escrow officer. The final details, such as home insurance, tax escrow, survey and funds necessary to close will come together at the Title Company. The escrow officer will complete a “HUD” Statement, which details all of the financial obligations for the buyer and the seller. As your Realtor®, I will ask the Title Company to provide a copy of the “HUD” at least 24 hours prior to your closing. When you go to closing at the Title Company to sign loan papers, it is necessary to bring “good funds” to cover your costs. Examples of “good funds” would be either a certified check or wired funds. Coordinator of Events As your Realtor®, I will be the Coordinator of events and will be with you every step of the way, helping to solve any difficulties or delays that might occur.