An inside look as to what is happening in the real estate industry.

Category Archives: Buying

Common Questions to Getting That Home Loan

What steps can I take to improve my chances of getting a loan?

Today many lenders are more flexible and allow a greater percentage of monthly income to go toward mortgage payments. But they are more stringent on credit card balances. Lenders often count 5% of the balance as a borrower’s monthly payment, instead of the credit card’s minimum payment. If you are planning to pay off some debts before you apply for a loan, consider the ones with the largest monthly payment. Many lenders, for example, prefer to have a car loan paid off, because borrowers are not likely to go out and buy a new car right away. On the other hand, if credit cards are paid off, a borrower might start charging again.

Should I wait until interest rates drop?

Time is money. Can you afford to wait? Of course home buyers want to buy when interest rates are at their lowest. When interest rates are at near-record lows, potential buyers or homeowners looking to move up are asking themselves if the time is right to act. But no one can predict with certainty where rates are headed at any particular time. Waiting for a bottoming out may instead provide time for rates to rise.

What’s the debt-to-income ratio lenders use to qualify borrowers?

Many lenders use two ratios when they decide whether to approve a mortgage. If, for example, the ratios are 28/36, the “front” ratio of 28% means the lender will allow a mortgage payment (including principal, interest, taxes and insurance) of up to 28% of the borrower’s monthly pre-tax income. The “back” ratio of 36% means all loan and credit payments cannot exceed 36% of the borrower’s monthly income.

For more information visit the California Home Network, your:
Folsom Luxury Homes and Land Specialist

Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply astound you. You can even search by using the new Google Map search, and even do a home search for energy saving features. Are you looking for great real estate deals, short sales, or bank owned properties? With this powerful home search engine that information is right at your fingertips now.

California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

Happy Buyers consider All the Angles

Real estate professionals see it all the time.

Jittery buyers bolt before they sign on the dotted line. Others walk away after an offer is made. The National Association of Realtors reports more than 10 percent of real estate transactions fail and buyer’s remorse is often a factor when deals fall through. For some, it boils down to money. most buyers often “feel guilty about wanting things” and they feel guilty about spending the money on things like a house, also it may be money they really don’t have or more than they spent before. The consequences of buyer’s remorse aren’t just emotional. When buyers walk away from transactions after a formal offer is made, they may lose earnest monies or expose themselves to lawsuits.

Homeowners can avoid second-guessing themselves if they are diligent and patient in their search for housing.

1. Don’t jump at the first thing, your Realtor will advise you to look at the comparatives.

2. Your agent might also counsel you to consider not only aesthetics and financing, but also length of commute, tolerance for yard work and area amenities.

Other tips:

1. Hire an interior designer to help you adapt your sense of style to your new space.

2. Jot down impressions of homes you may consider buying, making a list of pros and cons.

3. Take the initiative to meet your new neighbors. Offer a welcome gift in
reverse such as a bouquet of flowers from your new garden.

4. Say the proper goodbye to your former home. Remind yourself what was good about living there — and why you’re moving.

5. Get to know the neighborhood. Visit the shops and stores nearest your new home, and say hello to the owners.

Your Realtor will have other ideas to help you consider All the Angles.
Folsom Luxury Homes and Land Specialist

Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land. Find your dream home today.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply amaze you. You can even perform a home search by using the new Google Map home search feature, with advanced community search parameters, and even do an advanced home search for energy saving features too. Maybe you are searching for a new home investment property or a great deal on a second home. Well, now you can find great real estate deals with REO bank owned properties and short sale homes listed in the MLS directory. This real estate information is right at your fingertips, and once again, no registration is required.

California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

Downsizing doesn’t have to be a Downer


Many people today are looking to simplify their lifestyle by moving to a smaller, newer home.

Here are some tips on how to make the downsizing process go smoothly:

Buy First. If possible, buy your new home before you sell the old one. It’s better to buy what you’re going to go to first so you can see what kind of space you’re physically getting into. That way, when it’s time to sell your place, there isn’t so much pressure — you have more freedom. If you have the equity, it works well. If you don’t, it’s a harder decision to make.

Take Your Time. Family members have a tendency to pressure downsizers to move more quickly than they want to, Sometimes the process can take a couple of years. Make sure you really like the place you’re moving to, and know what you’re getting yourself into.

Move-In-Ready Properties. If time is short, concentrate in looking for a development that has an inventory of finished units, as well as a furnished model home — that will give you a clear picture of what your home will look like.

Ask Around. Find a broker who is experienced in downsizing transactions by talking to people who have recently been through the process. A Good Realtor will ask you questions about your lifestyle; yard work, stairs, attached garage, community involvement.

Folsom Luxury Homes and Land Specialist

Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land. Find the home that is just right for you and your spouse.

For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply amaze you. You can even perform a home search by using the new Google Map home search feature, with advanced community search parameters, and even do an advanced home search for energy saving features too. Maybe you are searching for a new home investment property or a great deal on a second home. Well, now you can find great real estate deals with REO bank owned properties and short sale homes listed in the MLS directory. This real estate information is right at your fingertips, and once again, no registration is required.

California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

Real-Estate Investors Should Beware of Scams

Make a million dollars in real estate now! No money down! No-risk offer!

Maybe you’ve heard these come-ons, or similar ones, offering you the chance to learn how to become a real estate investing millionaire? One primary reason that real-estate investments attract newcomers is that debt is an accepted tool for doing business. Thus, you can get into the business with no money down. These high-volume, low-brow pitches are common from promoters of real estate investing seminars.

  1. The first part usually is a goal-setting exercise.
  2. The middle part gives some information about what could be done but not how to do it.
  3. At the end, it all leads to having to take more expensive — $3,000 to $5,000 — seminars and boot camps to receive the actual hands-on experience you need, suggesting that if you didn’t take it, you would fail.

But not all real-estate investing seminars are a bad bet. Indeed, many will help you learn about the business of investing and can be a worthwhile place to start, experts say. How can you tell the good from the bad?

Savvy would-be investors should take their time developing their knowledge of the real estate industry and shouldn’t look to get rich overnight. The number of seminars offered to would-be real estate investors has exploded along with the booming real estate market. Public seminars may be fine for an introduction to investing, but clearly the business of real estate investing can’t be learned in just a few days. The skills it takes to be successful in real estate take years to accumulate, such as the skills of a Professional Realtor.

A hint from the Federal Trade Commission: 1. Take your time. 2. Don’t be rushed into buying anything at a seminar. 3. Avoid high-pressure sales pitches that require you to buy now or risk losing out on the opportunity.

Remember, solid opportunities are not sold through nerve-racking tactics.

Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land.

For more information from California Home Network visit Patrick Warholic, The Home Marketing Specialist, and for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply amaze you. You can even perform a home search by using the new Google Map home search feature, with advanced community search parameters, and even do an advanced home search for energy saving features too. Maybe you are searching for a new home investment property or a great deal on a second home. Well, now you can find great real estate deals with REO bank owned properties and short sale homes listed in the MLS directory. This real estate information is right at your fingertips, and once again, no registration is required.

California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

Second Home Strategies

While most people buy second homes using conventional financing, some are taking different approaches. Here are a few options to consider when buying a second home:

  • Pull equity out of a primary residence to buy a second home. This has become a popular investment diversification strategy in recent years.
  • Rent your primary home and purchase your second home. This strategy might work well if you are planning to retire to the second home one day.
  • Buy a vacation home and rent it out when you’re not using it, to help pay for it.
  • A growing number of people around the West are considering fractional ownership, a fairly new option in which owners purchase fractional shares in a vacation home and use them for a certain number of weeks per year. While it may sound similar to most time-shares, in a fractional ownership program you own a portion of the vacation property and get a deed that appreciates for your share.

Folsom Luxury Homes and Land Specialist

Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land. Find a great deal on your second home today.

For more information from California Home Network visit Patrick Warholic, The Home Marketing Specialist, and for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply amaze you. You can even perform a home search by using the new Google Map home search feature, with advanced community search parameters, and even do an advanced home search for energy saving features too. Maybe you are searching for a new home investment property or a great deal on a second home. Well, now you can find great real estate deals with REO bank owned properties and/or short sale homes listed in the MLS directory. This real estate information is right at your fingertips, and once again, no registration is required.

California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.

Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.

Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.

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When Patrick Warholic commits to something, you can bet that he's going to focus all his energy and attention on getting it done—the right way. His career as one of the Folsom area's leading real estate agents is no exception to this approach. Patrick immerses himself in the needs of his clients and formulates a plan specifically designed to achieve the results they want and deserve. Whether his clients want to buy their dream home or sell their existing home quickly and profitably, Patrick combines his intimate familiarity with the area, extensive business background and goal-oriented mentality to ensure his clients get the highest possible return on their investment. If you're in the market to buy or sell a home, it makes sense to work with a professional who's in the business of Performance Not Promises. That's Patrick Warholic. Take it from someone who has worked with Patrick:

"Being in escrow, I find that I am very particular and appreciate folks that take extra time and effort to go the extra mile to be sure everything is done correctly. This is how Patrick does his business as well. He leaves nothing to chance, asks great questions, carefully reviews his buyer and seller settlement statements, attends his buyer and seller signing appointments, he is very responsive to all phone calls and follows up on all aspects of his transactions. In my opinion, he simply takes excellent care of his clients." —Cara Filipelli

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Patrick Warholic

Patrick Warholic - ASP, SRES, CCRA, ePRO Certified Realtor®
Home Location: Folsom, California, United States

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Call Patrick:
916-208-3892

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