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International Buyers

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Why buy in San Diego?

Linda-lee-international-1-webThe weather is an easy answer. The sun shines nearly year round, providing a warm climate. For those that like cooler weather, the many locations by the ocean are quite temperate. This is part of the reason La Jolla is as popular as it is.

Additionally, the housing market here is quite strong; San Diego has shown strong growth in the housing market in comparison to the rest of the country. The prices of real estate in San Diego range from around $100,000 for a condo to up to $27 million for luxury real estate in La Jolla. The wide variety of housing costs makes it that much easier to find the home of your dreams in Sunny San Diego.

Buying Process in CA

  • Select a REALTOR®
  • Get Pre-Approved by a lender if new loan is needed
  • View homes with REALTOR®
  • Chooses a home and submits a contract with Loan Status Report (LSR)
  • The Seller reviews & accepts contract, escrow is opened; preliminary report is ordered
  • Inspections of the home begins
  • Inspection reports received and approved by the buyer
  • Appraisals ordered & completed by lender
  • Buyer advises escrow of home insurance company
  • Receive loan approval from lender
  • Loan documents prepared by lender & sent to escrow
  • Closing documents compiled by escrow
  • Separate appointments set for buyer & seller to sign documents
  • Deposit required funds
  • Loan Documents returned to lender for review
  • Escrow ensures all of the contract conditions have been met
  • Lender funds loan (sends funds to escrow)
  • Documents recorded & escrow closed
  • After recording, confirmed escrow disburses funds
  • Receive keys from your REALTOR®!
  • Final documents sent to everyone involved.

What are the costs of maintaining a home after escrow?

Linda-Lee-international-2-webEscrow is a process where the Buyer & Seller deposit instructions, documents & funds with a neutral part until certain conditions are met. It enables the parties to the escrow to interact without risk and provides an accounting of all the funds deposited in the escrow, and also provides the Buyer & Seller with a settlement agreement.

In a Real Estate transaction, the Buyer doesn’t pay the seller directly; funds are deposited to an escrow holder. The escrow holder, as a neutral third party, verifies that a title insurance policy is ok to issue. Then, then escrow holder arranges for the documents to be transferred, for the issuance of the title policy, pays all liens and all costs from the sale that are chargeable to the Buyer and the Seller, and disburses the sales proceeds to the Seller. Should the Buyer get a new loan, then the lender’s money is deposited into the escrow and the lender’s security documents are recorded at the same time as the Deed.

How to sell your home

  • Select a REALTOR®
  • Prepares house for showing & selling
  • Reviews & accepts contract from Buyer, escrow is opened; preliminary report is ordered
  • Inspections of the home begins
  • Appraisals ordered & completed by lender
  • Loan documents prepared by lender & sent to escrow
  • Closing documents compiled by escrow
  • Separate appointments set for buyer & seller to sign documents
  • Loan Documents returned to lender for review
  • Escrow ensures all of the contract conditions have been met
  • Lender funds loan (sends funds to escrow)
  • Documents recorded & escrow closed
  • After recording, confirmed escrow disburses funds
  • Final documents sent to everyone involved.

linda-lee-international-3-webResource Guide

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