Buying Your First Home: A Definitive Guide

Looking to buy a home in Newport Beach or Orange County? If you’re a first time home buyer, you may be in the middle of your research but still cannot decide where to start in the process. For that matter, see the following first time homebuyer checklist, prepared by the Tenore Group led by Patrick Tenore Sr., for your reference.

Homebuyer’s Checklist

1.  How much can you afford? For this, you may want to check your monthly income and debt as well as check your FICO score and credit report. If you find some discrepancies or misrepresentation in your credit report, you may want to fix it before buying a home. Part of the process of determining how much house you can afford is to figure out the down payment, too.
   
2. Do you have a pre-approved mortgage ready? Prior to buying a home for sale, you may want to select a mortgage as well as speak with mortgage brokers and lenders.  You should also shop around and research about interest rates and programs.
   
3.  What kind of home do you want and need? This is a crucial step in the process of buying a property. Select your ideal location, including suburban, downtown or rural.  Then, what kind of home are you looking to buy (townhouse, apartment, condo or co-op)?  Upon determining it, you should also set a price range, determine the size of the house and select the architectural built and style of your choice.
   
4.  What kind of neighborhood are you looking for? Aside from determining the price, type of home and other factors, you should also research about your target location, which includes statistics and facts about crime rate, schools, amenities and facilities, zoning and traffic. You may also want to figure out the neighborhood’s accessibility for public transportation.  At this stage, you should also figure out how much time you need to spend on driving or commuting to and from your workplace.
   
5. Do you have an expert real estate agent who knows Newport Beach or Orange County with you? One of those that you should be looking for when hiring a real estate agent to look for that perfect home is someone with years and years of experience like Patrick Tenore Sr. Through the years, he has worked with both homeowners and homebuyers and  helped them achieve their goals—sell or buy a home. If you’re looking for guaranteed help, you may want to get in touch with him and his team that are seasoned and well-familiar with the communities in these locations. They can help you find the right property based on your preferred location, budget and other factors you consider important in buying a new home.
    
6. Research about every home you are looking to buy and review disclosure with your real estate agent.
   
7. Make an offer and be able to negotiate. Do not forget to include contingencies, such as financial, purchase or inspection. Define a move-in date and finalize everything. You may want to get professional home inspection and appraisal, too. Select a home insurance provider and complete the loan with your lender and allot budget for down payment, and closing cost.
   
8. Close the home purchase.

In every step of the way, professional real estate specialista like Patrick Tenore Sr. can help. Get in touch with him through his website, or call him at (949) 856-9705 today!

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Simple Tips for Buying a Waterfront Property in Newport Beach CA

Dreaming of that waterfront property in Newport Beach? Before taking the plunge and getting that property for sale you found in a major online listing, check out the following tips from your real estate specialist, Patrick Tenor Sr., in looking for a waterfront home. Just about buying any home when you have to determine what you need and want, it is equally important to figure out what you are looking for in this type of property for sale.

Tips for Buying a Waterfront Home in Newport Beach CA

Determine your needs, one of the most critical aspects before buying a property. You should find out how much you want to make use of the property.  Determine what you actually care about and what your main priorities are in terms of living near the beach or lake. From this point, you can narrow down your choices and proceed to the next step.

Assess the kind of water activities you enjoy: Perhaps, you’re a beach lover? Well then, what are those water sports do you enjoy doing alone or with your family? Does your family love boating? This is one of the most crucial aspects in finding a waterfront property.

While there are many of these up for sale, some of them may be hard to access due to tides or river depth. On the other hand, you may be a fisherman, who obviously wants to stick with a property with easy access to water. However, you may also want to look for places located near deep bodies of water, which can support cold water fisheries.

Or do you love canoeing or kayaking? There are some buyers who prefer to get some great experience in waterfront properties, such as if they want to commune with nature through activities like kayaking. For these buyers, they want to stay away from properties facing big lakes, where there are so many activities like jet skiing and other things going on.

Determine if the location of the property is suitable for use all-year round: There are some properties, which are only great for spring or fall, but not ideal for winter due to lack of water source, insulation or central heat.

But as much as you want to buy a waterfront property, you still have to look into other factors like the neighborhood, peace and order and accessibility. Also, you should know that some waterfront homes are more valuable than others are. Indeed, most people dream of having a beachfront or lakefront property for fishing, getaway or other purposes, but choosing one may be harder than you think it is. Nevertheless, you can get assistance or guidance from expert real estate specialist in Newport Beach CA, like PatrickTenore Sr. on his website.

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Newport Beach Neighborhood: How to Determine It Is Right for You!

You do not really have to be a neighborhood detective when looking for a good community in Newport Beach to buy a home, but a good research and the guidance of a real estate specialist that can provide you with his expertise and assistance in locating the right place where to build a family or relocate for a job are what you need. Check out today’s post and learn how to search for an ideal neighborhood using some simple steps, according to Patrick Tenore Sr.

Looking for a Neighborhood that Fits

Profile:  What are you really looking for in a community? What are the must-haves for you to consider it? Does it fit the kind of lifestyle you’re living? If you have kids, it will also help to find one that is located near a school (actually, even if you’re single). Did you know that homes near a sought-after school for example can have a higher value than those that are not? Also, you may want to consider its closeness to a community center or park.

Single family home/apartment/coop/townhouse: This is one single factor you should also consider when figuring out if a neighborhood in Newport Beach fits your preference and one that can help in narrowing down your choices. There are actually many types of homes, so it will help if you know what you’re looking for from the very beginning.

Travel: When it comes to buying a home, another thing to bear in mind is how much time you need to travel to go to work, or how many hours you have to drive just to get there? Is the place accessible to and for public transport? Are the roads driver-friendly?

Type of neighborhood: Are you someone looking to become a part of a historic community, or a newly developed neighborhood? A real estate specialist like Patrick Tenore Sr. can help find your perfect home in your desired type of community. You may want to seek help from professionals like him for guidance and to save time in finding a new home to buy.

There are also people looking for communities with character; however, some homes in these locations may need some repair work. More often than not, these homes may also be under community associations, which implement strict standards. On the other hand, there are also new developments, but these homes may be located out of the city centers.

And then, think about what you do not like in a community? Is it late night noise, heavy traffic, bars? You may want to stay away from college areas where such are common.

Then, you may also want to visualize yourself as a part of that community and then consider your daily routine. Additionally, try to observe a neighborhood at different times of the day.

These are some things you may want to look for when buying a home in the Newport Beach or surrounding area. Figure out what your first impression is, or ask assistance from top real estate specialist like Patrick Tenore .

For guaranteed assistance in locating a perfect home in an ideal community, get in touch with the Patrick Tenore Sr. real estate group to find here.

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Finding the Perfect Location when Buying a Home in Newport Beach

So you’re starting a family and you want to buy a new home in Newport Beach, California. This may be one of the major challenges to face as a new couple. But when looking to buy a home, Patrick Tenore. advises that you choose the perfect spot (and for reasons). You might have heard that location, location and location is the single most important aspect of selecting a home in Orange County. See the following reasons why.

There are major reasons people choose to buy a home in this location, not in another.  Some desire to flip their homes later, anticipating it will increase in value after a couple of years; some to get convenience, comfort and safety.

Above are some reasons home buyers instinctively desire when looking for a location where to find a real estate property. But aside from those, people look for homes that fit the budget objectively.

When looking to invest on real estate for flipping later, there are certain factors to consider, according to Patrick Tenore ., including planned development in the vicinity, historical price fluctuations and overall local market state, among others.  And then, home buyers must factor in things more carefully if they want to come up with an informed decision.

On the other hand, there are buyers that want a comfortable location—a place that can fit their kind of lifestyle. (People have different taste, of course).  Some can easily adjust to constant traffic noise and find no trouble with it; some would prefer a location in the tropics.

But to be truly comfortable, some people have their version—what they need and what they want to avoid (in choosing a location). This is where convenience is needed. When looking to buy a home in Orange County, Patrick Tenore Sr., says that you need to think of your lifestyle, if you’re the breadwinner, especially. Is the location convenient to go to and from work? From a mother’s perspective, is the home near school? So here’s a little checklist for you:

• Is the location near place of work and is it accessible through bicycle, car or public transport?
• Is it near school?
• What are the facilities and amenities in the area? (e.g. park, supermarket, restaurant, library, gasoline station...)
• Do you have a hobby where you need to travel for and is the home’s location nearby or you need to drive a few hours to get there?
• Is it a place where your friends and family live?
• (And other questions, which may help in deciding on the factor of convenience points of a location)

For safety, ask your real estate agent about the general threats or any social issues in the place. You can also check on crime statistics to figure out how safe a neighborhood is. But safety isn’t all about crime rate and statistics, you should check on any likelihood of flooding, soil movement and bushfires, among others.

Once you’ve figured these things out, you can easily narrow down your choices. For more help, get in touch with Patrick Tenore., a seasoned real estate agent in the Newport Beach and surrounding areas. Visit him here today!

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Here’s How to Find a Real Estate Agent in Newport Beach When Buying a Home

Finding the right real estate specialist requires balance between rapport and industry experience, if you’re buying a home in Newport Beach and Orange County area. 

You should choose someone you like, as you’ll be spending the next month or so working with this person.  But while chemistry is important, a good background in the real estate industry also matters.

Patrick Tenore , who has nearly four decades of experience and proven track record in the industry, says you need someone who will listen to your concern and will not waste either of yours or his time on properties that you cannot afford or do not meet your requirements.

In this case, it isn’t enough that you call the very first real estate specialist you find on the web or whose lawn sign is too big that you can’t help but notice.

Instead, ask family members, friends or colleagues for references that you can verify. You should also interview agents with a broad portfolio, good personality and (smart) skills that impress you.

Tenore adds finding a real estate agent with at least five years of experience, although those with fewer years don’t mean they’re not going to do a great job; it’s just that they may not have a large client base as compared to those who have been in the business for quite a while.

“Also, less experience may also mean more work for you.”

Following, you should also look a licensed and fulltime real estate specialist. For the best results, you may want to check with the National Association of Real estate agents.

And speaking of experience, look for a fulltime agent, meaning they should be doing this job not as a part-time venture, as that may mean that they have another job or that they cannot devote full attention to your concerns, too. [That’s not a good sign!]

Additionally, look for one that is in the local real estate game in Newport Beach and Orange County, as it means that this specialist knows the area, where you are finding your dream home.

It is not only that such an agent is updated with the market trends in the area, but it also means that he knows of locations and properties with the features you’re looking for, including nearness to a school or a gym, or a location with good transportation system or proximity to your office (if you’re transferring to the area for work).

So there you have a couple of the most important tips to take note of when looking for the right (and local) real estate agent in Newport Beach and Orange County. Refer to this guide and have the most satisfying buying experience of your life.

Finding Your Dream Home?

Let the experts at the Patrick Tenore. Real Estate Group help! You can drop by our office at 1300 Bristol St. North Ste 100, Newport Beach, CA 92660, or get in touch with us at (949) 856-9705 (phone) and we will get back to you as soon as we can.

Visit us at PatrickTenore.com today!

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