The Key To Your South Bay Lifestyle

Category Archives: buying

Condos for Sale in Redondo Beach

Brand New Condos for Sale in Redondo Beach

posted by: Stopher Cavins in: buying

Merit Real Estate is proud to offer five brand new condos for sale in Redondo Beach, California! We saw this new condo project from start to finish. So much thoughtful craftsmanship went into every aspect of designing and building these

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Homeowner Shirt

Homeowner Shirts that You Actually Want to Wear.

Becoming a homeowner is a special feeling. It’s the type of joy that you want to shout from the mountain tops so that everyone knows about it. The next best thing to shouting from the mountains would be to just

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Buying a home

Buying a Home. The Road to Homeownership.

Buying a home is a huge deal! It’s a big decision and requires hopeful homebuyers to navigate through a somewhat arduous process. Curiosity is often what starts the journey towards homeownership. Once you become curious about buying a home, what

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Real Estate Commission

Real Estate Commissions: What you need to know.

When a homeowner decides to sell their home, the cost of hiring a qualified Realtor will certainly be a major concern. Homebuyers often have questions about how their Realtor will get paid as well. Whether you are a buyer or

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Should I Buy a House Now

Should I Buy A House Now?

The nationwide real estate market started out relatively strong in 2020. Industry experts were forecasting a slightly slowing but steady housing market for the year. The U.S. economy was also humming along like a well-oiled machine, and lending rates remained

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Earnest Money Deposit

Earnest Money Deposit – Everything You Need to Know

posted by: Stopher Cavins in: buying

The earnest money deposit is a crucial part of a real estate purchase offer. The amount of earnest money offered to a seller as a good faith deposit can be the difference between getting your offer accepted and losing out

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forfeiting earnest money

Causes for Forfeiting Earnest Money

There are 3 main causes for forfeiting earnest money deposit when buying a home. When entering into a purchase contract as a home buyer, a buyer agrees to execute specific timelines and terms. Failing to do so can lead to

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out of pocket closing costs

Out of Pocket Costs When Buying a Home

In addition to your downpayment, there are significant out of pocket costs associated with purchasing a home. These various ‘closing costs’ typically costs homebuyers between 2 and 5 percent of the purchase price.  Here is a list of typical ‘closing

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Buying a home sight unseen

The Ultimate Guide to Buying a Home Sight Unseen

Buying a home sight unseen is not new. Recent polls of homebuyers have shown that over 20% have submitted offers without stepping inside the home. Similar surveys have also shown that about 50% of Millenial buyers have submitted offers without

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Moving Checklist

Moving Checklist – Printable PDF

Moving to a from one home to another is no joke! Moving long distance is really difficult. Taking advantage of available moving resources and having a great “no fluff moving checklist” will help you plan and organize this major undertaking.

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Top Moving Resources – Moving to a New Home

Moving to a new home can be stressful, therefore you’ll want to prepare well and have a plan. Whether you hire professional movers or use a DIY approach, there is a lot to consider. We’ve assembled a comprehensive list of

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HOA Pros and Cons

Is Living in an HOA Right for You?

Is living in an HOA right for you? That is a question that you will need to answer when you are shopping for your next home. If you aren’t well-versed on what an HOA is or how an HOA can

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Save money when buying a home

Save Money on your Home Purchase

If you can be flexible, open-minded, and patient when purchasing a home, you will save a boat-load of money. Plan your purchase to allow yourself time to save money and wait for various money-saving opportunities. Let’s explore the top ways

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5 Ways a Realtor Helps a Buyer Find a the Perfect Home

A hard-working, experienced Realtor uses several methods and sources to help them find homes for their buyers. Considering that the services of a buyer’s agent are almost always free, the value that the agent brings is immense. When choosing an

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Real estate offer letter

Writing a Great Real Estate Offer Letter

Submitting a great real estate offer letter to the home sellers will make your offer stand out from others. There are many factors that go into writing a winning purchase offer. Once you are financially prepared, found your perfect home,

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writing a winning home purchase offer

Buying a Home: Make Your Purchase Offer Stand Out

Making your purchase offer stand out from those of other South Bay homebuyers in 2020 will give you a huge advantage when it comes to buying the home of your dreams. Although we are in the midst of a real

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Am I Ready to Own a Home?

posted by: Merit in: buying, Real Estate

Determining if you’re ready to own a home for the first time can be a challenge! It can feel intimidating to purchase your first home.  How do you know if you’re ready??  There are a few simple questions you can answer

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Invest in Real Estate

posted by: Merit in: buying, Investments

Purchasing a home is the best investment you’ll ever make. When you purchase a home you are truly making an investment – gaining equity and saving your down payment until you choose to sell at a higher price. Make sure

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5 Things To Check Off Your List Before Buying Your First Home

You’ve decided that it’s time for you to purchase your first home. Now what? Being a first-time homebuyer is one of the most exciting and uncertain times of your life. We want to make sure that you’re 100% prepared for

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What Can I Give Up to Make a Down Payment?

posted by: Merit in: buying, Real Estate

When trying to purchase a new home, it can be overwhelming to think about trying to save for a down payment. For most people, this is the largest single sum of money that will ever leave their account. For many,

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Using Earnest Money Deposits Buying Houses

posted by: Merit in: buying, Real Estate

How big of an earnest money deposit should those buying homes really be putting down? Perhaps even more importantly, who should it really be deposited with? There are many myths surrounding the earnest money deposit. Confusion and misinformation results in

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Buying a House After Bankruptcy

posted by: Merit in: buying, Real Estate

Going through bankruptcy can often be one of the most daunting events to experience and in most cases it’s unavoidable. Whether you’ve been declared bankrupt through a court order or by your own choice, you’ll be happy to hear that

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What Are Closing Costs?

Debunking the myths and mysteries of closing costs. Closing costs are the fees paid at the time of closing on your house. You’re so close to being a homeowner! These closing procedures are the last step between you and being

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Essential Moving Supplies

Essential Moving Supplies for the Self-Mover

Even though there are quite a few reasons to go with a professional moving company, some people just want to move themselves. Whether it’s a financial reason or a point of pride, you’re going to need some serious supplies! Here

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Does Home Warranty Save You Money?

posted by: Merit in: buying, Real Estate

When purchasing a new home, a home warranty is often part of the offer package. A home warranty is a contract that helps cover costs of repair or replacement of some home systems and appliances. A home warranty might be

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4 Simple Mistakes Many Homebuyers Make

posted by: Merit in: buying, Real Estate

After many years in the real estate business, Merit Real Estate has witnessed our fair share of mistakes that homebuyers have made. In an effort to keep you from making the same mistakes, we’ve created a list for your reference.

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Home-Buying Red Flags

posted by: Merit in: buying, Real Estate

Purchasing a new home is likely the largest single investment that you’ll make in your lifetime. It can be scary and uncertain when you’re making such a huge commitment to not have a clear picture of what you’re buying into.

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How To Make The Best Possible Offer On A New Home

posted by: Merit in: buying, Real Estate

One of the biggest challenges in buying a new home is the offer process. If your offer is too low, it may get rejected, while making a high offer could result in too high of a purchase price and ultimately

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Strategies to Survive Holiday Spending While Saving for a Home

posted by: Merit in: buying, Real Estate

Holiday spending can be extremely stressful time, financially, for many people. However, that stress is magnified if you’re trying to save for a financial goal – like purchasing a home. We want to help you develop strategies and tactics to

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Death on a Property

March 28, 2016 California law dictates that a seller must disclose a death on a property within 3 years of the sale. Some may think “Why?” and other may think “Why only 3 years?” Both of these are valid questions,

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How to Win a Bidding War

posted by: rodman amiri in: buying, Real Estate

February 10, 2016            There’s no denying it, we are in a very hot real estate market here in Southern California. How does this translate in to our daily routine in the real estate industry? Good times

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