Buying or selling a home in Castro Valley?
Purchasing a home is stressful for most people, but it's not very complex with a little planning ahead of time.
I like to furnish buyers with an overview of the entire deal so they know exactly what to expect.
Here are my nine steps to purchasing a home.
If you have any questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are several things you should take into account before you search for a home.
When you start your search, you'll want to make an outline of items you need, get a feel for what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good rule of thumb to go by.
Step 2 – Talk to a real estate agent in Castro Valley
This is where Intero Real Estate Services can help.
I'd like to set up a time to get together with you and communicate with you about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, schools in the Castro Valley area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll assist you in getting started on your loan.
Intero Real Estate Services works with some of the finest mortgage professionals in Castro Valley, so you can rest assured that you're in great hands.
They will help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking
After our initial meeting, I'll begin finding houses on the market that are good for you.
I'll get a sneak peek of most of the houses and ignore the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
As we view homes, I'll show you the good features and bad ones. And I'll ask you to talk about things you like and dislike.
For the most part, buyers change their must-have list as we tour homes and some features become more necessary than others.
If such is the case, I'll look through the listings again and trim it down to the house you've been wishing for.
Step 4 – Understand the housing market
An agent's awareness of the Castro Valley housing market is an essential agent in your home search. And I assure you I'm conscious of all the schools and neighborhoods, and I'll communicate some districts are "hot" and require immediate action and the ones that are "cold" and allow for thoughtful consideration.
As we tour houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions, as every real estate agent will convince you they understand the home market.
If it appears they don't know everything, call me at 510-862-7000 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
I'm confident we'll find the home of your dreams in the Castro Valley area. When we do, I'll precisely develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as getting financing, carrying out the inspection, and a clean title.
Upon submitting your offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property. The amount is usually put towards the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer. It's really common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market circumstances will play a big part in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a contract that is best for you.
Step 7 – Get a loan
After we sign the final contract, you'll begin working with your mortgage lender to close the loan.
It won't take long at all if you're already pre-approved, but you'll want to keep in close contact with your lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your loan application.
The estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if everything looks permissible.
Then we'll close on your house. This will likely happen at a title company or escrow office and is often a smooth and relaxed affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 510-862-7000 or e-mail me at .