Rose Melhem

10/17/2022

Progress over perfection

06/22/2022

If you’re thinking about buying your first home this year, here’s my word of advice…

Before anything else, think through these two things:
💰 your budget
📝 your must haves

Buying a home is one of the best things you can do this year for your financial health. Call me to get started!

📱 831-324-2070

06/15/2022

Living, learning, & real restating 🏠

05/28/2022

Summer is coming up - meaning summer vacation - meaning a bad time to sell a home, right?

Actually, summer is one of the busiest times for the real estate market. Warm weather is great for showings & open houses, & more time off can also mean more time to look for homes. Plus, families want to get settled before the start of the new school year.

So if you’re thinking about selling, give me a call today!

Rosanna Melhem
📱: (831) 324-2070
📧 : [email protected]

05/27/2022

05/25/2022

If you’re buying your first home, you’ve probably heard about homeowners insurance & home warranties. But how are they different?

Homeowners insurance is usually required for your mortgage since it protects the lender’s investment. Insurance covers damage & loss to the structure due to things like fire, theft, wind, or natural disasters.

A home warranty isn’t required by your lender, but it’s nice to have. It covers most of the cost of repair or replacement for your home appliances or systems as a result of age & normal use.

Warranties usually last for 1 year. And sometimes sellers or agents will give the homebuyer a warranty as part of the sales deal.

Homeowner’s insurance doesn’t cover repairs or replacements to appliances or home systems unless it’s as a result of an accident or disaster.

For the most coverage, you’ll want both a home warranty & homeowners insurance. But at the very least, you need homeowners insurance to protect your new property.

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05/17/2022

Title Insurance

You might have wondered what title insurance is… Well here’s the definition:

✔️ Title insurance is a form of indemnity insurance that protects lenders & homebuyers from financial loss sustained from defects in a title to a property.
✔️ Your title insurance is paid at closing & is one of the standard closing costs.

A potential home buyer will find this vocab helpful for understanding words & terms used in real estate transactions.

05/16/2022

Good morning ☀️
An appraisal is the estimation of a homes current market value.

The value of the home is calculated by examining the current local housing market & the comparable properties that have recently sold. It also includes the features of the home, square footage & number of bedrooms & bathrooms.

The appraisal also includes the overall condition of the home, as well as the landscaping. If there is maintenance or repairs that will need to be completed, the appraiser will note these.

An appraisal is required by mortgage lenders to be sure that the money they are lending to a new homeowner or a current homeowner is a fair amount for the home.

The lender wants to be sure that the buyers are not overpaying for the property. This is to protect the lender, because if the borrower stops making payments on the home & the lender needs to sell it, the lender wants to be sure it can recuperate the amount owed on the loan.

But be aware, the appraisal can potentially break a real estate deal.

If the selling price & the appraisal are not comparable, the lender will not approve the deal. The lender will not want to lend money for a home that is not worth the amount being loaned. As a buyer, this can be a good negotiation tool. No one wants to overpay for a home.

As you can see, understating the appraisal process is important to both home buyers & sellers.

Still have questions about the appraisal process? Message me today & I would love to discuss✨🏡
Rosanna Melhem ⬇️
📱: (831)-324-2070
📧 : [email protected]

05/15/2022

Hey folks!👋
Of course it’s not as simple as this but for us visual learners, this is a good graphic to help you understand the major steps in the process. If you’re considering buying in the next few months or year, I would love to help prepare you by breaking down what the process looks like!

Rosanna Melhem
Keller Williams
📱: (831) 324-2070
📧 : [email protected]

05/14/2022

What does an agent really do? 🤔
➡️ If you’re buying a home, our job is to listen to your wants & needs, absorb the information, & guide you through the process.📝

➡️ If you’re selling a home, we help you price your home competitively, get the best possible offer, & negotiate for your best interest throughout the process. 💬

Either way, we look out for you & only you!
Questions? Feel free to contact me 📞
Rosanna Melhem ⬇️
📱: (831)-324-2070
📧 : [email protected]

05/11/2022

Today’s term is Earnest Money! You may hear or see this word often before even buying a home, & you’ll most certainly hear about it when you’ve started the home buying process.. 🏠💰
Rosanna Melhem ⬇️
📱: (831)-324-2070
📧 : [email protected]