K A R L A   C O H N   &  Associates Realty, Inc.
  • K A R L A C O H N & Associates Realty, Inc.

  • BROKER - REALTOR®

  • Personal, Knowledgeable Service

  • Contact Info - Tel: (619) 296-6988 / Fax: (619) 692-2093 / Dir: (619) 788-7555 / email me

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Buyer's Information

Most folks don't know it but they will need a Realtor to assist them in making one of the most important decisions in their lives. A home is one of the biggest financial decisions one will ever make. An expert in the local real estate market will be right with you every step of the way. It is our job to know the things to look out for, on your behalf. We have a "fiduciary responsibility" to act on your behalf once we have an agreed upon business relationship.

The seller has their own agent and the buyer almost always has their own agent also. (The comission for both agents is covered by the seller.)

Our agent's promise to:

· Assure that you see all the properties in the area that meet your criteria.

· Guide you through the entire process, from finding homes to look at to getting the best financing.

· Make sure you pay the right price for your new home. As a real estate expert in this area, I help people negotiate and make home purchase decisions every day. I can help you avoid costly mistakes by performing a detailed analysis of the market value of the home.

· Answer all of your questions about the local market area. Not just about homes for sale, but about schools, neighborhoods, the local economy and more.

Let us help you find your dream home or investment property and assure that your best interests are protected throughout the entire process. Feel free to call or e-mail us with any questions you may have at any time.

Here's a Fun Tool -  Sign up to be a "VIP Member" and be the first to know about the newest listings on the market, schedule viewings, and request additional information on any available listing.

Tips For Buyers

The best way to make sure that you choose the right home is to properly prepare yourself. The purchase of a home is a tremendous investment, both monetarily and emotionally. Here are a few ideas to help the transaction progress smoothly and result in you being a happy homeowner.  The process is all very exciting, but being prepared to look in the right place within the right price range is key.

  • The RIGHT Realtor for YOU.  The right agent will be someone whose experience and personality makes you feel comfortable. You should try to find an agent that is familiar and knowledgeable about the area you plan to move into.
  • Pre-Qualify and get Pre-Approval.  A trusted lender can "pre-qualify" you to let you know about how much you can afford to buy. That's the first step. Learn about your financing options, get prepared to decide on which is best for you. Then, if you are close to wanting to make an offer, do get pre-approved. This will make you very appealing to the seller and might just make your deal work! We can give you a list of lenders we have worked with successfully.
  • Get Educated    In order to make an educated decision you need to know what's out there and how much it costs. You can browse all the active listings from my website. Once you have found some homes you like save those searches and sign up for "Property Watch" so that new listings will be emailed to you. You'll have an idea when you find the perfect home or property.  And, remember, if you want us to do all the searching on the MLS we are happy to do that. Our website offers addresses so ou can even drive by if you like. We trust that you will contact us when you are ready.
  • Call your Realtor and go look at homes that look like they meet your needs. This is the fun part. Be ready. We will work wtih you to evalute the property and assure your best interests. You will get honest, personal, service.

Loan Costs

Service is Important!

The level of service your lender provides should be an important consideration as you select your lender. We work with lenders daily and can refer you to lenders we know will work hard for you.  You should also ask friends you trust to make suggestions of local lenders. Be sure they know the area!

The same care and consideration you give to finding the right house should be applied to your search for the right lender. For most home-buyers a major determining factor in selecting a lender is the cost of the loan. But how do you determine the total cost of a loan?

Doing Your Homework

While most buyers concentrate on interest rates, it is best to look at all the costs associated with a loan.  Loans include the quoted interest rate, points and closing costs.

A number of fees are associated with the loan, including:

·         Appraisal - A carefully documented opinion of value by a licensed, professional appraiser.

·         Credit Report - A detailed report of your credit, employment and residence history prepared by a credit bureau.

·         Principal - The amount owed on a loan which does not include interest or other fees.

·         Document Fees, Loan Fees and Processing Fees - Miscellaneous fees charged by the lender.

·         Discount Points - Points paid in addition to the loan origination fee to get a lower interest rate. (1 point = 1 percent of loan amount)

·         Origination Points - the total number of points paid by the borrower at closing. (1 point = 1 percent of loan amount)

·         Interest Rate - A percentage of a loan or loan value that is paid to the lender as compensation for loaning funds.

Prepayment Penalty Mortgages (PPMs)

These loans restrict your right to prepay part or all of the principal in the loans early years. A prepayment fee is charged by the lender to the borrower who wishes to pay part or all of the loan ahead of the regular schedule. The advantage of a PPM is that they often have a lower interest rate than other loans.

Using the Annual Percentage Rate (APR) to Compare Mortgage Loans

The APR was designed to help borrowers understand the relative costs of a mortgage loan. The APR takes into account the various fees associated with the loan, which is why it is often higher than the interest rate. Understand that not all lenders calculate a loan's APR in the same way. That is why this should be only one of the factors used in selecting the best mortgage for you.

Locking-in Interest Rates

Another factor to consider when selecting a lender is whether the lender will lock-in the loan interest rate and points. For more in-depth information about selecting a lender and mortgage, visit this very useful site: Online-home-mortgage.net - Online home mortgage loan and refinance information or give us a call and we will be happy to refer you to a local loan professional that we trust who can assist you through the process.

More Information - More Mortgage and Loan Calculators

Which one to Choose?

  • Mortgage Loan
    Use this calculator to determine your monthly payment and amortization schedule.
  • Mortgage Points
    Should you buy points? Use this calculator to find out.
  • 15 vs. 30 Year Mortgage
    Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
  • Adjustable Rate Mortgages
    This calculator helps you to determine what your adjustable mortgage payments will be.
  • Mortgage APR
    Use this calculator to find the APR on your mortgage.
  • Mortgage Tax Savings
    Interest and points paid for a home mortgage are tax deductible. Use this calculator to determine how much your mortgage could save you in income taxes.
  • Balloon Mortgages
    A balloon mortgage can be an excellent option for many home buyers, use this calculator to see if a balloon mortgage might fit your needs.
  • ARM vs. Fixed Rate
    This calculator helps you to determine what your adjustable mortgage payments will be.

Budget

  • Mortgage Qualifier
    Can you buy your dream home? Find out just how much you can afford!
  • Required Income
    Use this calculator to determine how much income you need to qualify for a mortgage and how different interest rates affect your required income.
  • Maximum Mortgage
    Use this calculator to determine your maximum mortgage and how different interest rates affect your how much you can borrow.
  • Mortgage Payoff
    Save thousands of dollars in interest by increasing your monthly mortgage payment.
  • Bi-weekly Payments
    Using bi-weekly payments can accelerate your mortgage payoff and save you thousands in interest. Use this calculator to compare a typical monthly payment schedule to an accelerated bi-weekly payment.
  • Rent vs. Buy
    Are you better off buying your home, or should you continue to rent?

Refinance

  • Refinance Interest Savings
    Use this calculator to see how much interest you can save by refinancing your mortgage!
  • Refinance Breakeven
    Should you refinance your mortgage? Use this calculator to determine when you will breakeven!