Let Intero Real Estate Services assist you with purchasing a home in Castro Valley
Purchasing a home can be stressful for a lot of people, but it's not very confusing with a little up-front planning.
So they know exactly what to expect, I will supply buyers with an outline of the entire deal.
These are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
Before you begin searching for a home, there are plenty of things you should do.
When you begin your search, you'll probably want to create a check list of items you need, get a feeling for what neighborhoods and school districts you'd like to live in, and begin planning your budget.
A good principle to go by is that your mortgage payment should be around 30 percent of your net monthly income.
Step 2 – Contact a real estate agent in Castro Valley
That's where I come in.
I'd like to book a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Castro Valley area, the mortgage industry, and any other economic factors that may potentially affect your purchase today or in the future.
I can also help you facilitate the loan process.
I partner with some of Castro Valley's finest mortgage professionals, so you're in great hands.
They will assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Begin looking
After our first meeting, I'll begin looking for houses on the market that are a great fit for you.
I'll research most of the houses and ignore the bad ones, and then we'll set up appointments to tour the homes when it's most convenient for you.
When we view homes, I'll identify positive features, as well as bad ones. I'll also ask you to talk about things you like and don't like.
For the most part, buyers update their list of must-haves as we view houses and some items become far more essential than others.
If that's the situation, I'll search all the listings again and narrow it down to the house you've been waiting for.
Step 4 – Know the housing market
My awareness of the Castro Valley housing market is a necessary component in your home search. I'm mindful of all the school districts and neighborhoods, and I can communicate which districts are "hot" and warrant immediate action and some that are "cold" and allow for careful consideration.
As we view homes, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
Any real estate agent in Castro Valley will claim to truly know the home market, but keep an eye out, and make sure you ask your agent plenty of questions.
If things don't add up, call me at 510-862-7000 or e-mail me at , and I'd be glad to answer your questions. My understanding of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home of your dreams
We'll find your dream house in Castro Valley, and when we do, I'll precisely create your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
When presenting your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property. The amount is most often put towards the cost of closing. If the seller accepts the offer, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the first offer, and it's widely common to receive a counter offer. Don't let this discourage you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Secure a loan
After the contract is signed, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, this won't take long at all, but you should to stay in close contact with your mortgage lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your loan application.
The estimate depends on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a strict range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will probably happen at a title company or escrow office and will probably be a smooth and comfortable event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to call me at 510-862-7000 or e-mail me at .