In Mission Viejo Home Selling and Buying Details Matter

Mission Viejo home selling and buying is a big deal.  Trust me, I get it.  Whether you’ve buying your first condo after scoring a well paying job just out of college debt free and with a nest egg for a down payment, or you’ve had great success at your first job and they’re transferring you from Cincinnati Business man putting gold into piggy bankto Mission Viejo, or you’ve successfully launched each of your five children, raised in Mission Viejo, into lives of their own, it’s a big deal.  And there are some little details that will make a difference to you when you’re actually in the midst of your Mission Viejo home selling or buying experience.  Here are the top three small details that you want to keep in mind when buying or selling.  Each is less important than can all of your clothes and shoes fit in the closet or can your cars fit in the drive way.  But these still need to be on your radar in Mission Viejo home selling and buying.

  • The home seller pays the Realtor commissions. Let me repeat. In Mission Viejo, home buyers get the professional, dedicated, individualized services of their licensed residential real estate profession for free.  That means zero out of pocket to the home buyer.  No line item on the HUD1 or loan disclosure charging the home buyer with a single penny. Zero.  Nothing at all.  Not even gas money.
  • As a home buyer, you will be required to pay an entire year’s premium on your home owner’s insurance. This is part of what is referred to as your closing costs.  And is confirmed by the escrow company before closing.  While you have the luxury of shopping around and getting  quotes from your car insurance company and your life insurance company, at some point, hopefully a week or so before you’re scheduled close, you have to pull the trigger and buy a home owners insurance policy.  But don’t write a check for it or give the insurance company a credit card.  The payment needs to be made by the escrow company, so your lender gets the official notification that the insurance policy has been issued.  For the entire first year of your home ownership.
  • As a home buyer, you will have to pay out of pocket for the home inspection (which you most certainly want to do) and the appraisal your lender will require. That you will have to pay by cash, check, or credit card.  If you’re paying cash, you will dodge the appraisal fee (not necessary – you know value when you see it and do not need any third party confirmation) but not the home inspection fee.  Trust me.  If you’re paying cash, you want to know if you’re looking at a money pit or a pristine palace.  There’s a big difference.

Don’t let this squash your dreams of Mission Viejo home selling and buying.  Just add these into your equation so you’re not surprised at the last minute.  Proper financial planning for both Mission Viejo home selling and buying equals success.

I’m Leslie Eskildsen, Realtor.  Helping you make the right move in Mission Viejo, Coto de Caza, Rancho Santa Margarita, Ladera Ranch, San Juan Capistrano, Laguna Niguel, Laguna Hills, Irvine, and other great Orange County neighborhoods.

Call me or text me.  949-678-3373

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