Making Your Dreams Come True
  John Frederick
Broker/Owner 27yrs Exp.
707 362-0161
Joanie Frederick
Broker/Owner 30yrs Exp.
707 362-0144
Andy Parker
Broker Assoc 13yrs Exp.
707 616-3456
Linda Eckert
Broker Assoc 27yrs Exp.
707 845-4597
Michelle Voyle
Realtor
35yrs Exp.
707 845-1609
 

FAQ For Buyers

Q. Why should I consider buying property in Humboldt County?

A. Humboldt County real estate values have lagged behind the rest of California for years. Locally we refer to “living behind the Redwood Curtain”. The curtain has parted in the past few years. While investors and retirees have driven up prices dramatically, property is still reasonably priced compared to the rest of the state. The rural quality of life in Humboldt County is attracting people from throughout the USA.

Q. What should I consider before purchasing?

A. Before you start looking at homes, you need to find out what you can afford. In general you can afford to buy a home equal to three times your gross annual income. Besides your income, other factors that come into play include the amount of cash available for a down payment, outstanding debts, credit history, current interest rates and the type of mortgage that you select. Getting prequalified with a lender makes the process easier and the lender will provide you with a “prequal letter” which will make your offer stronger.

Q. What do I need to take with me when I apply for a loan?

A. You will save a good deal of time if you take the following:

1.) Social security numbers for everyone who will be on title.

2.) Copies of your bank account statements for the last 6 months

3.) Evidence of other assets like bonds or stocks

4.) A recent paycheck stub detailing your earnings

5.) A list of all credit card numbers and amounts owed. Bring the latest statement for each

6.) Balances due on any other loans, such as car loans

7.) Copies of your last 2 years income tax statements

8.) The name and address of your employer

Q. How do I know what to offer on a property?

A. First of all, your real estate agent and you will look at a number of properties in your price range. Then your real estate agent or broker should provide you with the market prices regarding all of the other homes currently on the market as well as properties in escrow and recently sold houses. Trust the knowledge of your real estate professional, this is what they do for a living. If you don’t trust your agent, find one you do trust.

Other considerations to keep in mind are 1.) the condition of the home. Will you have to make repairs? Inspections during escrow will help you make that decision. 2.) How long has the home been on the market? If it has sat for some time, the seller may be anxious and willing to negotiate on the price. 3.) How much do you want the home? The closer you are to the asking price, the more likely the offer will be accepted.

Q. How much are closing costs?

A. There are loan fees that will be a part of your loan package. Your lender will give you a “good faith estimate” of how much cash you will need at the close of escrow. Don’t hesitate to ask questions, this is a large amount of money you are committing to pay for many years.

There are also costs associated with the inspections that you are entitled to have performed. You are encouraged to make any and all inspections that you deem necessary. The most common are the Pest Inspection, Home Inspection and Roof Inspection. These usually cost vary from $100 to a couple of hundred dollars. As a part of your purchase contract, there is a “Buyer’s Inspection Advisory”. It will detail out all of the possible inspections to cover the normal areas of concern.

 


Azalea Realty
McKinleyville, CA 95519


(707) 839-4400
FAX (707) 839-5560

email: Andy Parker
email: John Frederick
email: Joanie Frederick

email: Linda Eckert
email: Shaelawn Matsen
email: Michelle Voyle