Zillow Advice RSS: Question-Discussion-Guide,Buying Process,Corona del Mar- CA http://www.zillow.com/advice/Corona-del-Mar-CA/home-buying-buying-process/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate What is an abstract of title in real estate? http://www.zillow.com/advice-thread/What-is-an-abstract-of-title-in-real-estate/469819/ An abstract of title is a written history of all the recorded documents and proceedings related to a specific property. Also Known As an abstract An attorney or a title company will research all the recorded records related to a property and prepare a written history during the buying process. This is typically done once your home is in escrow and you are in the process of obtaining tite insurance. Michael Parker, Corona del Mar Real Estate Broker.<br \><br \>1 reply Thu, 29 Nov 2012 07:03:00 GMT http://www.zillow.com/advice-thread/What-is-an-abstract-of-title-in-real-estate/469819/ 2012-11-29T07:03:00Z Stuff Happens - Don't End Up Temporarily Homeless in Corona del Mar http://www.zillow.com/advice-thread/Stuff-Happens-Don%27t-End-Up-Temporarily-Homeless-in-Corona-del-Mar/469577/ There are so many inter-dependent activities involved in a closing, so it's not that unusual for there to be last minute delays that move a closing a few days farther out. Many times this is due to loan documents, as the lender wants to see all appraisal, survey, title and other documents first. If any of these are delayed, then the closing might be later than expected. Though it can't always be avoided, try to be sure that you don't arrive with your furniture on closing day with no place to live or money to pay the movers for van storage, because you can't move in for three days. Make sure that you have a definite occupancy date in writing in your purchase contract. It is also a good idea to buffer a few days at your old place, just in case. - Michael Parker, Corona del Mar real estate broker<br \><br \>0 replies Tue, 27 Nov 2012 00:53:00 GMT http://www.zillow.com/advice-thread/Stuff-Happens-Don%27t-End-Up-Temporarily-Homeless-in-Corona-del-Mar/469577/ 2012-11-27T00:53:00Z Don't Buy That New Furniture Until After Closing on your home in Corona del Mar. http://www.zillow.com/advice-thread/Don%27t-Buy-That-New-Furniture-Until-After-Closing-on-your-home-in-Corona-del-Mar/469566/ With many of today's buyers purchasing homes at the top end of what they can afford, there isn't any room left in their loan qualification score. Deals have been lost days before closing because the lender did a final credit check and found several thousand dollars of new furniture had just been purchased on a credit card. I advise buyers to make no significant credit changes or purchases in this critical pre-closing phase. Real estate in Corona del Mar can be particularly subject to a "trying" loan process with such a dynamic market, and the need for more financing. -Michael Parker, Corona del Mar real estate broker.<br \><br \>0 replies Mon, 26 Nov 2012 23:49:00 GMT http://www.zillow.com/advice-thread/Don%27t-Buy-That-New-Furniture-Until-After-Closing-on-your-home-in-Corona-del-Mar/469566/ 2012-11-26T23:49:00Z In Corona del Mar, A Really Low First Offer Can Backfire on You. http://www.zillow.com/advice-thread/In-Corona-del-Mar-A-Really-Low-First-Offer-Can-Backfire-on-You/469565/ A slowing market with rising inventory sometimes encourages buyers to make low-ball offers to test the sellers' motivation. In some markets it's not that unusual, and sellers simply come back with a high counter offer to draw the buyer up to a reasonable price. But this tactic may back fire on you when writing offers on Corona del Mar homes for sale. Buyers could pay up if they're not careful about this low offer approach. With first-time sellers who've cared for and loved their home for many years in Corona del Mar, a very low offer can offend them. An actual example was a low offer countered by the seller with $1000 MORE than the list price. The buyer wanted the home and paid it. One factor this continues to be the case in Corona del Mar real estate, is due to the impression that home values continue to remain strong in the area, despite actual figures showing a decline since the last few years. Now it seems we are at a turning point, hopefully new found equity positions will open negotiations further.<br \><br \>0 replies Mon, 26 Nov 2012 23:40:00 GMT http://www.zillow.com/advice-thread/In-Corona-del-Mar-A-Really-Low-First-Offer-Can-Backfire-on-You/469565/ 2012-11-26T23:40:00Z If You Beat the Sellers up on Price, Don't Expect Great Concessions Too http://www.zillow.com/advice-thread/If-You-Beat-the-Sellers-up-on-Price-Don%27t-Expect-Great-Concessions-Too/469564/ Everybody wants to make a good deal, and working a motivated seller into a bargain purchase price is the goal of most buyers. Be sure to talk to your Realtor about how this will influence the process in almost every aspect through to closing. You should know that getting a seller to their rock-bottom price line will generally insure that they will not agree to further concessions for repairs or money to correct inspection problems. As long as you are educated about this fact, you will hopefully avoid the deal falling through due to seller remorse or inspection correction negotiations. This has been particularly true when writing offers on real estate in Corona del Mar and Newport Beach. This is due in part to an overall "skimpy" equity position. This has left a narrow channel to negotiate on price &amp; concessions together. - Michael Parker, Corona del Mar Real Estate Broker<br \><br \>0 replies Mon, 26 Nov 2012 23:32:00 GMT http://www.zillow.com/advice-thread/If-You-Beat-the-Sellers-up-on-Price-Don%27t-Expect-Great-Concessions-Too/469564/ 2012-11-26T23:32:00Z