Melanie Wright - Twin Oaks Real Estate - Vacaville California Real Estate

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Twin Oaks Real Estate
479 Mason Street, Ste. 120D
Vacaville, CA 95688
Phone: (707) 452-8700
Fax: (707) 678-7295
Contact Page

FAQ's Back / Forward


	What do your listing fees include? ï¿½ FREE Comparative Market Analysis prior to listing your home ï¿½ Your home listed in the BAREIS Multiple Listing Service including a Virtual Tour Link (Not for Exclusive listings) ï¿½ Your home listed on my web page including a Virtual Tour Link ï¿½ Your home listed on Craigslist.org including a link to your listing on my website ï¿½ Your home listed on Realtor.com including a Virtual Tour Link (Not for Exclusive listings) ï¿½ Ad in the Twin Oaks Friday & Sunday ad section ï¿½ Minimum of 2 hosted Open Houses (if necessary) ï¿½ Custom color photo flyers ï¿½ Professionally hung white post sign ï¿½ Professional & friendly service ï¿½ Just Listed and Just Sold postcards to 100 of your neighbors and my database of clients ï¿½ Plus much more! I am your full service Realtor working hard to sell your home!
	What services do you offer your buyers? ï¿½ I am a full time Realtor available when YOU need me to view homes that interest you. ï¿½ I work primarily in Solano County, but I also have access to properties in Sacramento,Placer, Yolo and Sonoma counties as well to find the perfect home for you. ï¿½ I am a full service realtor attending all buyer inspections, personally explaining all disclosures on the property you purchase, attending the loan document signing with you and more.
	How much can I afford? The first thing you will need to do is to meet with a lender. I have a few that I can refer to you or you can meet with any lender of your choice. They will tell you all the things they will need to get you pre-qualified/pre-approved for a loan. Here are some important terms to get familiar with before you speak to a lender: ï¿½ DTI ï¿½ Debt to Income Ratio: Total monthly minimum payments plus new home payment divided by your monthly gross income. ï¿½ PITI ï¿½ Principle, Interest, Taxes and Insurance ï¿½ LTV ï¿½ Loan to Value Ratio: Loan amount is divided by current market value or purchase price. Normally, the lower the LTV, the better interest rate you will get. ï¿½ CLTV ï¿½ Combined second and first loan to value of property. ï¿½ FICO Score ï¿½ Credit score Here is a quick reference to see if you have the basics to qualify for a loan: ï¿½ DTI ï¿½ 45% ï¿½ LTV ï¿½ 80% (20% down payment) There are 90% & 100% financing options available to you as well, but it is highly advised that you discuss those options with a loan officer as many lenders are tightening up their requirements due to the current state of the market ï¿½ FICO score ï¿½ 680 ï¿½ Reserves ï¿½ 2 months PITI Once the lender has all of your information, they will tell you the loan amount you can qualify for and what monthly payment you can afford.
	Who pays what fees in Solano County?

Seller:	Buyer:
Real estate commission	Title Insurance (Buyerï¿½s & Lenderï¿½s)
Document transfer tax ($1.10 per $1000 sales price)	Escrow Fees
Notary Fees	Notary Fees
Property tax proration (to date of acquisition)	Property tax proration (from acquisition date)
Document prep fees	Document prep fees
Document recording charges	Document recording charges
HOA statement/transfer fees & prorata dues	Inspection fees (pest, roof, home, pool etc.)
Home warranty	Any tax liens/judgments, etc. against the buyer
Required/requested repairs based on inspections	Homeownerï¿½s insurance premium
Any judgments/liens/loans, etc against the property/seller	Lenderï¿½s new loan charges
	Interest on new loan from date of funding to 30 days prior to first payment
	Other prorations if applicable

** Note: As with anything, these fees are not guaranteed to be paid by the indicated party. They are just customary for each party to pay. Every contract will carry different terms as agreed upon by both buyer and seller.

Do I get a warranty when I buy a home?

In most cases, it is customary for the seller to pay for a one year home warranty with a reputable company to cover the buyer for the first year you own the home.

** Note: As with anything, this is not guaranteed to be paid by the seller. Every contract will carry different terms as agreed upon by both buyer and seller.

How long will it be before we close escrow?

The average time period for an escrow (from when a contract is accepted to the date of recording) is 30 days. Some buyers may need more or less time, depending on their circumstances. Some sellers may need more time to prepare to move, etc. An escrow can be any amount of time that both buyer and seller agree upon.

What area is right for me?

There are many factors that come into play when you are looking for a home. The major things to consider are:
ï¿½ Purchase price you are pre-approved/pre-qualified for. Different areas have different price ranges.
ï¿½ Where you work. How long will your commute be?
ï¿½ Size of home you want.
ï¿½ Neighborhoods you want to live in.
ï¿½ Schools ï¿½ Quality of education. (If you have children or are planning on starting a family)

Obviously, everyone has their own requirements when buying a home. I am here to find that perfect home that fits most, if not all, of your needs.