Liberty Quest Investment Group LLC

01/11/2017

Beautiful new home in even more beautiful setting. So quiet but still close to the freeway and everything you need

901 Easy Ln, Colfax, CA 95713 a single family home is 1,545 Sq. Ft., 3 beds, and 2 baths. Visit 23 photos on realtor.com®, listing value of $469,000.

01/07/2016

Im looking for anyone in the Kansas City area that is wholesaling. If you're working this area please contact me. I'm looking to buy your wholesale deals!

11/20/2015

11/17/2015

Just finished another Remodel. This one is at 3274 Goldmine Mountain in Pheonix. Details are done! Pool and lots of room for everything and everyone.

12/17/2013

Why should you buy a home before 2014? Here's a few reasons.

If you are debating on whether you should make an offer on a new home before the New Year, now is the time to stop deliberating and submit your bid. Between 2013 tax benefits, and avoiding mortgage rate roulette and changing lending rules, closing before the end of the year can offer significant fin...

12/10/2013

Your Backyard: Your Oasis

12/03/2013

Check out this article that shows buying a home during the holidays offers benefits! If you'd like to look further into selling or buying a home call us at : 1-888-572-5550

The year-end holiday season is a good time for gift-exchanging, entertaining and general merriment. But what about buying a house? Should you try to do that in November or December, too? If you

11/23/2013

How to Compete Against Cash Buyers:

In many real estate markets today, there’s a lot of talk about cash buyers. These buyers have a reputation for swooping in and “stealing” homes out from under other buyers, simply because someone with cash doesn’t need a loan. Regular buyers relying on credit are often intimidated by what appears to be a “lose-lose” situation. They assume that if they need a loan, they can’t compete.

The truth is, someone buying a home with credit can still compete against cash buyers and win. Do you have a 20% down payment? Are you well employed? Do you have cash reserves in addition to your down payment? Do you have very little debt? Do you have good credit? If so, your purchase should be as bullet-proof as a cash buyer’s.

Here’s what you need to do to compete against a cash buyer.

Structure your offer as if it’s a shoo-in.
Ask your lender to write not only a pre-approval letter but to verify that you’re a well-qualified buyer. Get your agent or mortgage professional to provide some financial information about you with your offer (if you’re OK with that, of course).

See if your mortgage professional can take it a step further. Have your lender take as much of your loan through the process as possible. Send the lender a copy of the preliminary title report, if available. If you’re buying a condo, find out if a condo questionnaire is available and give it to your lender. If you take any of these steps, let the seller know.

Shorten the loan and appraisal contingencies.
Ask your lender how quickly an appraiser can be sent out to the property and how long the loan would take to turnaround. In some parts of the country, loans are being approved in less than 14 days.

Pre-order an appraisal.
This may not be as easy with a bigger bank. But smaller banks, direct lenders or mortgage brokers can line up the appraisal in advance. At the time your offer is written, tell the seller the appraisal has already been ordered.

Have the inspection immediately.
Along with the quick appraisal and loan contingencies, get your inspector in and out. Shelling out a few hundred dollars and getting the inspections done within days of having your offer accepted shows the seller you mean business.

Pay extra.
Paying more money to beat a cash offer may sound counterintuitive, but cash buyers nearly always expect a discount from the seller simply because they’re offering cash. As a result, the cash buyer will often make a lower offer. To increase your chances, top the cash offer.

If a seller is faced with a few thousand dollar difference, the seller probably wouldn’t risk it. But what if your offer is 5 percent higher than the cash buyer’s? The seller, perhaps wanting the best of both worlds, may ask the cash buyer to raise his or her offer. Some cash buyers will come up, but not always enough to match.

Bottom line: Stay in the game and know your limits. Do you plan to live in the house for many years and it’s the home of your dreams? Overpaying isn’t the end of the world, so long as you’re within a reasonable range.

Make yourself known to the seller.
Some buyers write “love letters” to the sellers, hoping to appeal to their personal side. Does this work? Sometimes. If you’re competing with a cash buyer, particularly an investor who plans to rent the home out, it can’t hurt to get a little personal.

When a seller’s agent presents an offer, the seller always wants to know more about the potential buyer. Ask your agent to write a cover letter and an introduction. Let the seller know who you are, why you like the home and what your intentions are. It usually works.

But not always. Sometimes a seller just doesn’t want to take a risk with someone getting a loan, and nothing you do — aside from paying all cash — will change that. So do the best you can and be realistic. Make sure your financial “‘house” is in order. Work with a good local real estate agent and start working with a local mortgage professional well in advance. Structure your offer to show that you’re ready to roll. And who knows? It just might go your way.

Call Liberty Quest Investment Group LLC at any time at 1.888.572.5550.
We'll answer any questions you might have regarding selling or buying a home.

11/19/2013

Another success for Liberty Quest!
We've rented out the home in downtown Middletown.

To inquire about selling your home give us a call on our 24/7 phone line and let us answer your questions. 1- 888- 572- 5550.

11/05/2013

10 Credit Score Crushers
What to watch out for when managing your credit
Creditors and lenders use your credit score to determine if you're creditworthy. Even the slightest financial hiccup can raise a red flag. Here are the biggest offenders:
1. Late payments
Your habits around bill payment account for 35% of your credit score. While a payment made a few days after the due date may not brand you as a poor credit risk, just one 90-days-late payment can significantly lower your credit score and will remain on your credit report for seven years. Late payments are categorized based upon the degree of lateness: 30 days, 60 days, 90 days, 120 days, 150 days or charge-off (an outstanding balance that the lender writes off as a business loss). The more delinquent your payment, the worse its effect on your score.
2. Collections
After a certain period of delinquency, a lender can no longer count your debt as an asset, and will charge it off its books—an action that is reported to credit bureaus. Any collection activity listed on your credit report tells lenders that you promised to pay back a debt and didn't keep your end of the deal.
3. Bankruptcy
Having your debt discharged in bankruptcy has the greatest single impact on your credit score because bankruptcies can involve a significant number of credit accounts. While you are no longer responsible for all of or part of your debt, it doesn't change the fact that you didn't pay them—a blemish that will remain on your credit report for seven to 10 years.
4. High balances
Factors related to amount of debt owed constitute 30% of your score. If you maintain high balances compared to your available credit, this can indicate that you are overextended. Just one lengthy illness or a break in employment could cause you to default on your debt.
5. Exceeding your limit
Your credit limit, along with your current balance for each line of credit, appears on your credit report and affects your credit score. If you have abused your credit privileges by exceeding your credit limit, it will show clearly—and you will be penalized for it; your lender may charge an over-the-limit fee or increase your interest rate.
6. Closing accounts with available credit
Don't be tempted to close lines of credit once you pay them down. While getting rid of old or unused credit cards may sound like a good thing, doing so may backfire. Your credit score takes into account the percentage of credit you've used in relation to your
total available credit, otherwise known as your utilization rate or balance-to-limit ratio. Closing an account causes the ratio of your existing balances to total available credit to go up, which is an indicator of greater credit risk. Try to use no more than 30% of the available credit across all of your credit cards.
7. Cancelling cards with established credit history
Another component of your credit score (15%) is the length of your credit history. If you close accounts, make sure they're your newest accounts, as long-term accounts help bolster your credit score.
8. Lack of variety
When you have only one type of credit, say all loans or all credit cards, it affects your credit score, 10% of which depends on your credit mix. When you have only a little credit information in your credit history, lack of variety matters more.
9. New debt
Difficult to avoid, your credit score might see a dip when you open a new account. New debt represents a risk since it is not immediately known if you will go on a spending spree or use the credit carefully and pay your balance as agreed. Making consistent, on-time payments will counter the drop.
10. Excessive account inquiries
While there are no credit implications if you check your own credit report and score, an excessive number of inquiries from lenders during a short period of time could signal upcoming debt that has not yet appeared in your credit report. That unknown debt, along with new debt, represents potential risk to lenders and accounts for 10% of your credit score.
As a consumer, you are entitled to a free credit report once every 12 months from each of the three credit bureaus: Equifax, Experian and TransUnion. You can get all three at www.annualcreditreport.com. While the reports are free, you have to pay a small fee to get your credit score.

We hope that the information provided in this report was insightful. As always, we are here to help you. If you need further assistance or guidance, feel free to contact us at any time. 1.888.572.5550

11/02/2013

Don't forget to change your clocks tonight!

10/30/2013

Insurance Insights
Is Your Roof Covered?
Most people don't read too deeply into their homeowner's insurance policies, especially when it comes to the roof. Most of us expect that, if the roof were to sustain damage from a storm or other event, our insurance will pay the costs to repair it (minus the deductible, of course).
But that's not necessarily the case. Insurance carriers have moved to an underwriting approach that, while it tends to keep premiums down, can lower the total amount available for roof repairs in the event of a claim. This method is called "actual cash value."
Here's how it works: A roof needs to be replaced every 15 to 20 years, making roofs a depreciating asset. From an accounting perspective, their cash value is highest when they are new, and they gradually decrease in value through wear and tear. An old roof is simply less valuable than a new roof because replacement is both nearer and inevitable.
If your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim, depreciation will be deducted from your settlement amount, resulting in lower compensation from the insurance company in the event of a claim. While the upside of this is a lower monthly premium, the downside is that if you're not putting something in savings to replace your roof, you could eventually be stuck covering the rest of the repairs yourself.
It's worth a quick call to your insurance agent to double-check your coverage and make any appropriate adjustments.

If you'd like further information on this subject or the possibility of selling your house, call us! You'll be able to talk to someone who can answer your questions. Call us at 1.888.572.5550.