Central Valley Homes & Living with Monica Herrera

TRUE OR FALSE: Earnest money is non-refundable. When you're buying your first home, it might feel like you're signing your life away when you pay that earnest money deposit with your offer to purchase a home. The good news? This one is FALSE.... Earnest money is almost always refundable if the contract is cancelled within the due diligence time period and for a valid reason, like financing falling through or problems with the home inspection. And of course, on closing day, your earnest money payment counts towards your down payment on the overall home purchase, too. See more

Low inventory=BIDDING WARS! In this market, you have to be creative, strategic, honest and being funny doesn’t hurt. Let’s chat about your Buying and Selling goals! I promise I’ll leave the sword in the car...... If you are looking to Sell, Buy or Rent in the Central Valley, please contact me for your Real Estate needs. 209.325.8900 Cheers! Monica Herrera Realtor #02020611 Realty Lab #02014153 [email protected]

Five tips you need to know if you are ready to buy your first home It isn't glamorous, but part of my job is to help you prepare for the financial steps you'll need to take if you're planning to buy a home this year. Don't forget to save this post for later!... Save for your down payment and yes, closing costs (more about those later this month). Work with a lender to determine how much home you can afford. Check and, if needed. repair your credit score (there's a good and a less-good way to do this -- let's talk!). Research your mortgage loan options and rates that may be available to you. Get a pre-approval letter from a qualified mortgage lender before you begin your search. Homeowners, what is one thing you wish you had known before you bought your first home? Cheers! Monica Herrera Realtor #02020611 Realty Lab #02014153 [email protected] IG/FB: @dwellingsbymonica

CONGRATULATIONS TO MY FIRST TIME BUYERS!! Their offer was ACCEPTED in a multi-offer situation! Demand is high and inventory is low. I’m THRILLED I was able to seal the deal for them by thinking outside the box. Who’s ready to have me work for them?

NOW TRENDING in Real Estate SWIPE for this year's home trends Have your home preferences changed since 2020? What home features are you finding yourself wanting now that weren't as big of a priority before last year? Tell me in the comments! If you've found yourself sharing an office with your spouse trying to figure out who has what Zoom call, running a classroom out of your kitchen or running out of room in general, you're not alone!... Interest rates are still hovering at all time lows so if you're ready to start your hunt for a space that better suits your needs, I'm only one DM away! @ Modesto, California See more