In which ways do you prefer to communicate (text, email

BEGINNING THE HOME SEARCH PROCESS

VESTING DIFFERENT WAYS TO HOLD TITLE

PARTIES

DIVISION

CREATION

POSSESSION & CONTROL

TRANFERABILITY

LIENS AGAINST ONE OWNER

DEATH OF CO-OWNER

POSSIBLE ADVANTAGES/ DISADVANTAGES TENANCY IN COMMON

Two or more persons

JOINT TENANCY

Two or more natural persons

COMMON PROPERTY

COMMUNITY PROPERTY W/ RIGHT OF SURVIVORSHIP

Spouses or domestic partners

Spouses or domestic partners

Ownership can be divided into any number of interests Ownership interests must be equal Ownership interests must be equal

One or more Single conveyances conveyances (law (creating identical presumes interests interests; must speciare equal if not otherwise) fy joint tenancy)

Presumption from marriage or domestic partnership or can Ownership interests must be equal

Equal Equal Equal Equal

Each co-owner may transfer or mortgage their interest separately

Unless married or domestic partners, co-owner’s intere not subject to liens of other debtor/ owner but

Decedent’s interest passes to his/her devisees or heirs by will or intestacy

Co-owners interests may be separately transferable

Single conveyances (creating identical interests; must specify joint tenancy)

Each co-owner may transfer his/her interest separately but tenancy in common results

Co-owner’s interest not subject to liens of other debtor/ owner but forced sale can occur Entire property may be subject to forced sale to satisfy debt of either spouse or domestic partner

Both spouses or domestic partners must consent to transfer or mortgage

Decedent’s interest automatically passes to surviving joint tenant

Both spouses or domestic partners must consent to transfer or mortgage

Entire property may be subject to forced sale to satisfy debt of either spouse or domestic partner

Right of survivorship (avoids probate); may have tax disadvantages for spouses Qualified survivorship rights; mutual consent required Decedent’s 1/2 interest automatically passes to surviving spouse or domestic partner due to right of survivorship

Decedent’s 1/2 interest passes to surviving spouse or domestic partner unless otherwise devised by will

Right of survivorship; mutual consent required for transfer; surviving spouse or domestic partner may have tax advantage

YOUR HOME SEARCH Starting

IMPORTANT QUESTIONS TO ASK WHEN YOU START THE PROCESS OF SEARCHING FOR YOUR HOME.

1. Why are you buying? For your primary residence, secondary, investment, etc.?

2. What are your plans for your current home?

3. What’s your time frame?

4. What areas are you interested in?

5. Are you working with a lender, and have you obtained a pre-approval?

6. What are the most critical things you’re looking for in an agent?

7. Is there anyone else involved in your home buying process?

8. What is your ideal living situation? (Single family home? Townhome? Condo?)

9. What are the general home specifications you are looking for? (# of bedrooms, # of bathrooms, square footage, etc.)

10. What are your “must-haves” versus “wants” in a home?

11. In which ways do you prefer to communicate (text, email, phone, etc.) and how often would you like to be communicated with?

DETERMINING YOUR Home Preferences

The more I know about your preferences, needs, and priorities, the better I will be able to focus our search on properties that most closely match your criteria. Remember, unless you are building your dream home from the ground up, there are often compromises to consider when deciding whether or not you will be satisfied with a given property.

FEATURES

# OF BEDROOMS # OF BATHROOMS FAMILY ROOM FORMAL DINING ROOM KITCHEN FLOORPLAN STYLE (SINGLE LEVEL VS. TWO-STORY) SQUARE FEET VIEWS ARCHITECTURAL STYLE (RANCH, CONTEMPORY, SPANISH, ETC.) SWIMMING POOL AND/OR SPA GARAGE DECK/PATIO CONDITION (NEW, FIXER, ETC.)

LOCATION: CLOSE TO EMPLOYMENT SCHOOLS/DAYCARE PROXIMITY TO POLICE RECREATIONAL FACILITIES PUBLIC TRANSPORTATION FREEWAY ACCESS

PREFERENCE IMPORTANCE

Rhiza Trinidad

MAKING YOUR DREAM OF HOMEOWNERSHIP A REALITY