Bringas Home Team - Buyer's Guide

Bringas Home Team - Buyer's Guide

A HOME BUYER'S GUIDE TO THE SOUTHERN CAL IFORNIA AREA

0410 Dorothy Avenue, South Gate • 28047 Palm Villa Drive, Menifee • 29973 Westlink Drive, Menifee • 1906 Spring White Road, Hemet • 27261 El Rancho Drive, Menifee • 2424 Teaberry Glen, Escondido • 2550 Joann Drive, Oceanside • 36047 Horseshoe Court Wildomar • 24080 Huntridge Drive, Murrieta • 4132 Pico Trail, Frazier Park • 1204 Hollowood Court, Perris • 23383 Crystal Way, Wildomar • 24498 Preston Court, Lake Elsinore • 30581 Iron Bark Court, Temecula • 10360 Primrose Court, Hesperia • 3460 Meadowside Lane, Winchester • 32745 Wildomar Trail, Wildomar • 26343 ArboretumWay Murrieta • 28541 Williams Drive, Quail Valley • 856 S Loretta Street, Rialto • 31277 Terand Avenue, Homeland • 29469 Major League, Lake Elsinore • 38337 Chestnut Circle, Murrieta 23693 Cheyenne Canyon Drive, Menifee • 412 Ellis Street, Lake Elsinore • 25425 Hitch Rai Lane, Menifee • 35056 Darcy Place, Murrieta • 35805 Country Park Drive, Wildomar • 2339 Western Ridge Road, Moreno Valley • 25228 Jaclyn Avenue, Moreno Valley • 44225 Nighthawk Pass, Temecula • 33461 Victoria Court, Temecula • 29935 Cottonwood Cove Menifee • 10413 Cypress Avenue, Riverside • 33368 Windmill Road, Wildomar • 24898 Sunset Vista Avenue, Menifee • 2095 Sundown Drive, Perris • 628 Monterey Place, Hemet 33105 Taylor Street, Winchester • 26170 Cottonwood Street, Murrieta • 33543 Windmil Road, Wildomar • 3110 Wickham Drive, Riverside • 34784 Oakwood Lane, Murrieta • 450 Langer Court, Hemet • 28833 Waterford Street, Menifee • 17009 Iron Springs Road, Julian 21990 Horizon VIew Drive, Ramona • 42475 Rambling Lane, Aguanga • 39805 Amberley Circle, Temecula • 32640 Bryant Street, Wildomar • 3808 Calle Clavel, Murrieta • 1537 South State Street, Hemet • 34389 Blairwood Street, Murrieta • 3460 Meadowside Lane Winchester • 10410 Dorothy Avenue, South Gate • 28047 Palm Villa Drive, Menifee • 29973 Westlink Drive, Menifee • 1906 Spring White Road, Hemet • 27261 El Rancho Drive Menifee • 2424 Teaberry Glen, Escondido • 2550 Joann Drive, Oceanside • 36047 Horseshoe Court, Wildomar • 24080 Huntridge Drive, Murrieta • 4132 Pico Trail, Frazie Park • 1204 Hollowood Court, Perris • 23383 Crystal Way, Wildomar • 24498 Preston Court Lake Elsinore • 30581 Iron Bark Court, Temecula • 10360 Primrose Court, Hesperia • 3460 Meadowside Lane, Winchester • 32745 Wildomar Trail, Wildomar • 412 Ellis Street, Lake El i 25425 Hit h R il L M if 34389 Bl i d St t M i t 3460

31277 Terand Avenue, Homeland • 29469 Major League, Lake Elsinore • 38337 Chestnu Circle, Murrieta • 23693 Cheyenne Canyon Drive, Menifee • 412 Ellis Street, Lake Elsinore 25425 Hitch Rail Lane, Menifee • 35056 Darcy Place, Murrieta • 35805 Country Park Drive Wildomar • 23391 Western Ridge Road, Moreno Valley • 25228 Jaclyn Avenue, Moreno Valley • 44225 Nighthawk Pass, Temecula • 33461 Victoria Court, Temecula • 29935 Cottonwood Cove, Menifee • 10413 Cypress Avenue, Riverside • 33368 Windmill Road Wildomar • 24898 Sunset Vista Avenue, Menifee • 2095 Sundown Drive, Perris • 628 Monterey Place, Hemet • 33105 Taylor Street, Winchester • 26170 Cottonwood Street Murrieta • 33543 Windmill Road, Wildomar • 3110 Wickham Drive, Riverside • 34784 Oakwood Lane, Murrieta • 450 Langer Court, Hemet • 28833 Waterford Street, Menifee 7009 Iron Springs Road, Julian • 21990 Horizon VIew Drive, Ramona • 42475 Rambling Lane, Aguanga • 39805 Amberley Circle, Temecula • 32640 Bryant Street, Wildomar 3808 Calle Clavel, Murrieta • 1537 South State Street, Hemet • 34389 Blairwood Street Murrieta • 3460 Meadowside Lane, Winchester • 10410 Dorothy Avenue, South Gate 28047 Palm Villa Drive, Menifee • 29973 Westlink Drive, Menifee • 1906 Spring White Road, Hemet • 27261 El Rancho Drive, Menifee • 2424 Teaberry Glen, Escondido • 2550 oann Drive, Oceanside • 36047 Horseshoe Court, Wildomar • 24080 Huntridge Drive Murrieta • 4132 Pico Trail, Frazier Park • 1204 Hollowood Court, Perris • 23383 Crystal Way Wildomar • 24498 Preston Court, Lake Elsinore • 30581 Iron Bark Court, Temecula • 10360 Primrose Court, Hesperia • 3460 Meadowside Lane, Winchester • 32745 Wildomar Trai Wildomar • 412 Ellis Street, Lake Elsinore • 25425 Hitch Rail Lane, Menifee • 10410 Dorothy Avenue, South Gate • 28047 Palm Villa Drive, Menifee • 29973 Westlink Drive, Menifee 906 Spring White Road, Hemet • 27261 El Rancho Drive, Menifee • 2424 Teaberry Glen Escondido • 2550 Joann Drive, Oceanside • 36047 Horseshoe Court, Wildomar • 24080 Huntridge Drive, Murrieta • 4132 Pico Trail, Frazier Park • 1204 Hollowood Court, Perris 23383 Crystal Way, Wildomar • 24498 Preston Court, Lake Elsinore • 30581 Iron Bark Court, Temecula • 10360 Primrose Court, Hesperia • 3460 Meadowside Lane, Winchester 32745 Wildomar Trail, Wildomar • 26343 Arboretum Way, Murrieta • 28541 Williams Drive Q il V ll 856 S L tt St t Ri lt 34389 Bl i d St t M i t 3460 Experience Matters.

The information provided herein has been gathered from sources which are property to Bringas Home Team - Signature Real Estate Group. As such, we understand this report to be for the private and confidential use of Bringas Home Team - Signature Real Estate Group, its representatives, and you, the property owner. Accordingly, this report should not be copied, reproduced or distributed in any way to third parties without our prior mutual agreement. Each office is independently owned and operated.

WELCOME TO your buyer's guide I want to personally thank you for considering the Bringas Home Team and further assure you of our services. We promise to work hard to successfully find the home of your dreams. We will make sure that you have the best housing options in order to create a stress-free and memorable buying experience.

We understand how important this decision is for you and we are here to help you on your home buying journey!

We've created this Buyer's Guide because we know this will be one of the largest, if not THE LARGEST, purchase of your life and want to empower you to make the best decision while choosing an agent. Our clients come first, always! It is a part of our core values and we are proud to say that we stand by it day in and day out.

We've been through the awesome and not so fun parts of each real estate transaction and know that no two are ever the same. With this mindset, we know how to make you feel at ease and will be right there with you through every step. We make it easy! Our goal is to help as many families as we can to buy and sell their homes. I am confident that we will succeed in our journey. Let's begin! Justin Bringas

Justin Bringas Founder & CEO

CEO & Founder Sales Executive | DRE #01347670

951.595.5998 [email protected] BringasHomeTeam.com

JUSTIN BRINGAS

Born and raised in San Diego County, Justin currently resides in Murrieta, California. Justin is married to his wonderful wife, Jessica, and enjoys raising their five wonderful kids named: Madison, Charlotte, Cameron, Lillian and Caleb. Justin and his family frequent the Centerpoint Church in Murrieta, enjoy the beach, hiking, traveling and Justin is also an avid car enthusiast and has been featured in local magazines! Justin started his career in the banking industry then made his way up to Operations Manager. In 2000, he discovered the real estate industry; initially only in providing mortgages. In 2008, he changed focus and entered into the for-profit education industry. Starting as an advisor, becoming a manager then being promoted to director in a short amount of time. Justin crushed records with his sales and soon realized his calling had been real estate all along. Justin understands real estate is more than a business; it is about helping people realize their dreams. In late 2014, he came back into real estate where he now runs a top team in Murrieta; being recognized with many awards, TV appearances and featured in local magazines. Justin is the founder and CEO of the Bringas Home Team serving Murrieta, Temecula, Riverside and San Diego Counties. His focus is the client experience and he takes great pride in guiding every client through the buying and selling processes smoothly. His proven marketing strategies and effective communication skills have always allowed him to negotiate the best possible terms for his clients. As an accomplished business manager, employer, and family man, Justin strives to be your real estate agent for life.

MURRIETA Murrieta Home Specialist

Top 1% Top 1% of all Riverside County Realtors

California Real Estate License DRE #01347670

Being in the real estate industry for over 10 years, Justin has a higher understanding of what goes on behind the scenes when it comes to putting an offer on your dream home.

Murrieta Home Specialist With proven property sales and marketing expertise, we provide the definitive client experience. Whether you're buying for the first time or purchasing an investment property, prepare to be pampered while getting the Bringas Home Team experience.

BUYING IN THE RIVERSIDE AREA OUR WINNING STRATEGY

Lifestyle Analysis Finding your ideal home is a

Negotiate Negotiating terms for the

process of matching your lifestyle and financial objectives with the right neighborhood. As an agent with vast experience selling in this market, we have the expertise to match you with the home that fits your lifestyle. Search Analysis Beyond the MLS and previewing homes online, finding your ideal home is also about leveraging relationships. As your agent, we utilize extensive network and access to off-MLS (pocket) listings on your behalf. Make a Winning Offer The Riverside and San Diego area housing market is ultra- competitive which is why you need a seasoned professional to give you a competitive advantage and help you to win the bid on your ideal home. We will carefully consider if the home is accurately priced for the size, location, and neighborhood comparative sales.

purchase of what may be your largest personal asset requires a professional who has your best interests in mind. Coordinate Congratulations! Your offer was accepted and now the race begins. The closing of your home is urgent and time-sensitive with many steps to completion. Improve Once you've closed escrow, you'll have access to our extensive list of preferred vendors to help you personalize your purchase and help make it "home".

Home buying process S T E P S FOR HOME BUY ER S

PRE-APPROVAL Speak with our preferred lender Address any credit issues Determine the right mortgage HOME SHOPPING Discuss your criteria with us Tour listings in your price range Adjust criteria if necessary OFFER & NEGOTIATION Research comparables with us Submit offer(s) Negotiate and sign contract

DUE DILIGENCE Home inspection, appraisal, survey

Negotiate repairs Finish loan process

PRE-CLOSING & TITLE Confirm repairs are complete Final walkthrough Send funds to title company CLOSING Review closing statement Sign closing documents Receive keys

BR I NGA SHOME T EAM . COM

ACT I VE CAMPA I GN

When you choose the Bringas Home Team, you won't have to wait around for opportunities to arise because our agents will ACTIVELY search for your dream home.

what we will do for you

Identify neighborhoods of similar interest Circle dial Call agents that have had sales in the area Door knock Google and Facebook ads

Flyers and postcards Handwritten letters Give you opportunities for houses that aren't in the MLS We make marketing and prospecting a part of our daily routine

REACTIVE CAMPAIGN

Real estate agents that only use this method will wait around for the housing market to reveal the homes instead of jumping ahead of the opportunities that can be created.

Wait for a home to come onto the MLS and then react

Automate listings to push through to your email from their website or MLS

Let you browse homes to send to them on websites like Zillow, Redfin, etc.

In this market, waiting and reacting only costs you more in the long run

Hope that you're the first one to see it, the quickest to get there & have the best offer

Hope that your offer is selected out of the many other offers on the property

5 tips TO MAK E A WI NN I NG OF F ER

Remember to let your agent guide you on your journey. We are here to answer the questions you have when you're ready to make an offer. TAKE ADVICE FROM YOUR AGENT Knowing how much you can afford is essential. The best way to capture this information is to get pre-approved for a loan early in the home-buying process. UNDERSTAND YOUR FINANCES The average property sale today receives over three offers and is on the market for just a few weeks. As soon as you find the right home, be prepared to submit an offer as quickly as possible. BE READY TO MOVE QUICKLY It's only natural to want the best deal you can get on a home. However, submitting an offer too low can lead sellers to doubt how serious you are as a buyer. We will help you stay competitive. MAKE A FAIR OFFER After submitting an offer, the seller may accept it, reject it, or counter it. You can strengthen your position with an offer that includes flexible move- in dates, a higher price, or minimal conditions. BE A FLEXIBLE NEGOTIATOR

THE LOAN PROCESS A SERIES OF STEPS TO REACH THE FINISH LINE

Pre-Approval

You will be asked to provide personal information and the specifics on the type of property you wish to purchase. The lender will update the information and documentation that has already been submitted. Your mortgage package will be reviewed and processed. After your loan package has been processed, it is submitted to the underwriter for approval. All parties are notified of the approval and loan documents are sent to the title and escrow companies. The title company makes sure that the property title is clear and legitimate. Then title insurance is issued. Once you have signed the loan documentation, your lender reviews the loan and upon approval, funds are wire-transferred to the title company. When the title company has all of the funds needed, they will record the transfer of title and you'll be recorded as the new owner of the home.

Full Application

Processing Loan Submission

Loan Approval

Title

Funding

Recording

qualifying Questions

1

Are you planning on financing this purchase? It's important to decide whether you need a mortgage. Some people pay cash for their home, but most people don't. What is your comfort level for a monthly payment? There are a number of different online resources to browse homes that don't account for your personal expenses or credit scores. By determining a comfort level, you are able to determine a sweet spot within your price range. How long have you been at your job? Most mortgage options require at least two years of employment in the same industry. What do you use to monitor your credit score? To qualify for a mortgage, your FICO score is used, which is a specific algorithm, used by financial institutions for financing. For qualification, most mortgage companies like to see FICO scores above 620. Where are you getting your down payment? Often, there are loans with as little as 0% down. However, those loans require more criteria, so it's good to know where your money is coming from for a down payment. If you're planning on getting a gift from a family member, do not move any money before speaking to a preferred lender. Are you aware of how taxes can affect your payment? Property taxes can range for a number of reasons, based on location, the property's age, etc. Some houses have higher property taxes than other similar homes. Talk to your agent about taxes since it directly affects your mortgage qualification.

2

3 4

5

6

the escrow process QUESTIONS ANSWERED

In a real estate transaction, escrow is an independent third party. When opening escrow, the buyer and seller determine the terms and conditions for the transfer of ownership of the property via the purchase contract. Escrow ensures that all mutually agreed upon terms and conditions are met before the transfer of ownership and distribution of funds. Escrow protects both you and the seller by managing the following tasks:

When do we need to open escrow? The seller will open an escrow. After your offer is accepted, you will need to wire your 3% deposit money into escrow. What does an escrow officer do? They oversee all aspects of your real estate transaction, such as signing paperwork, completing a title search, obtaining insurance, and collecting then distributing money. Why do properties fall out of escrow? Sometimes, there is a problem with the loan where the appraisal comes back lower than the offer price, or a structural problem is discovered during an inspection. How long does escrow take? The length of an escrow is determined by the purchase agreement. Depending on the terms, it can last from a few days to up to 90 days. A typical escrow in Southern California is 21-30 days.

Holding the buyer's good-faith deposit (typically 3% of the purchase price)

Disclosing escrow and title fees

Calculating prorated taxes, loan interest, and HOA fees

Providing a title reports

Ensuring that state and local transaction laws are followed Obtaining all necessary and notarized signatures Recording the transfer documents and ensuring their accuracy Receiving the down payment from the buyer

Receiving funds from the buyer's lender

Paying liens, any overdue tax, and HOA dues

Distributing proceeds to seller

HOW IS REAL PROPERTY ASSESSED? Real property is assessed upon change of ownership and construction of improvements. HOW ARE PROPERTY TAXES BILLED? Property taxes are billed annually and paid in two equal installments. You can also have your taxes impounded monthly. An impound account is managed by your mortgage company. WHEN ARE PROPERTY TAXES DUE? The fiscal year runs from July 1st through June 30th. The first installment is due November 1st and is late December 10th. HOW IS THE BASE PROPERTY TAX RATE SET? Under Proposition 13, passed by California voters in 1976, the base property tax rate is set at 1% of the full cash (or assessed) value of real property. WHAT ARE MELLO-ROOS? Real property can be subject to continuing tax levies under the Mello-Roos Act. Such levies are used to finance certain designated public services and facilities.

CALIFORNIA PROPERTY TAXES

FEBRARY 1 2ND INSTALLMENT DUE

MARCH 1 ASSESSMENT DATE

APRIL 10 2ND INSTALLMENT LATE AT 5PM

JULY 1 BEGINNING OF FISCAL YEAR

NOVEMBER 1 1ST INSTALLMENT DUE

DECEMBER 10 1ST INSTALLMENT LATE AT 5PM

Closing costs WHO PAYS WHAT?

Closing costs are fees paid by the buyer and seller during the course of the transaction. Early in the process, we will provide a good-faith estimate which includes your closing costs and settlement charges.

Many fees are negotiable, however, closing costs include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees, initial deposit for your escrow account, homeowners insurance, and credit report charges.

BUYERS

SELLERS

TYPICALLY PAYS:

Inspection fees Real estate commissions Any judgments or liens County transfer taxes One-half of city transfer taxes, if applicable Delinquent property taxes TYPICALLY PAYS:

Loan and appraisal fees required by your lender Title insurance premium for your lender Fire and hazard insurance premium Inspection fees if not provided by the seller One-half of city transfer tax, if applicable

frequently asked questions

How will you tell me about the newest listings available? The Multiple Listing Service website provides up-to- date information for nearly every home on the market. We constantly check the new on market list and will send you the latest listings via email at a frequency that's most helpful for you, daily or in real time. Will you inform me of homes from all real estate companies? We will keep you informed of all homes that come available, including off-market deals, to help you find your ideal home.

Can you help me find new construction homes? Yes, we have access to all of the new construction opportunities in the city and can get you the information you need to make an informed decision. We will need to accompany you on your first visit with the builder. Can we go back through our property again once an offer is made, but before possession? You should complete all of your inspections and walk-throughs before removing any contingencies. If you need to see the property again for any reason, we can make a special request to the seller for access. What happens after the close of escrow? You can celebrate and shift your focus to moving into your new home. You will want to schedule your move, pack items and notify businesses of your address change.

I have worked with numerous real estate agents over the past 33 years. Justin is among the top agents when it comes to his knowledge of the market.

Justin and the Bringas Home Team got it done. From selling at asking price to buying my dream home for $25K under. Wouldn't hesitate to use them again.

MEET THE TEAM

BRINGAS HOME TEAM

RECOMMENDED VENDORS

Justin Bringas CEO & Founder DRE #01347670 951.595.5998 [email protected] Winnie King Integrator 402.326.8265 [email protected]

Foundation Inspection Perma-Brace Construction 951.245.9373 Handyman & Electrician Atomic Rays 951.226.6530 Home Inspection K.D. Milton's Home Inspections 951.966.3520 Home Warranty One Republic Home Protection 800.445.6999

Termite Inspection Top Dawg Termite 909.376.4465

Roofing TMH Roofing 951.255.5268 Title Ticor Title Co. 951.240.0330

THANK YOU LET'S GET STARTED

Again, thank you for the opportunity to present our winning buying strategies to help you find and purchase your new home. We are excited and honored to be helping you on your journey to home ownership.

DRE #01347670 CA DRE #02071123 951.595.5998 [email protected] BringasHomeTeam.com 39381 Los Alamos Rd Ste D, Murrieta CA 92563