Buying or selling a home? Intero Real Estate Services can help.
Purchasing a home is stressful for many people. However, with some planning ahead of time, it's not all that complex.
So they know exactly what they can expect, I like to furnish buyers with a road map of the whole deal.
These are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have about this information.
Step 1 – Get ready to buy
Before you begin your home search, there are many things you'll want to take into account.
When you start your search, you'll probably want to put together an outline of items you need, get a feel for what neighborhoods you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good principle to adhere to.
Step 2 – Connect with a real estate agent
This is where Intero Real Estate Services can help.
We can book a time to get together so we can talk 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 affect your purchase today or in the future.
I can also assist you with getting started on your loan.
There are some very good mortgage professionals in Castro Valley, and I work with a lot of them, so you're in great hands.
They'll assist you with figuring out which kind of loan is best for you and help you get approved.
Step 3 – Begin your search
After our initial meeting, I'll begin looking for available homes on the market that are good for you.
I'll research many of the homes and eliminate the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.
When we tour the homes, I'll show you the positive features, as well as bad ones. And I'll ask you to tell us about things you like and dislike.
Frequently, buyers amend their must-have list as we tour houses and some things become more important than others.
If that happens, I'll search the listings once again and trim it down to the house of your dreams.
Step 4 – Comprehend the housing market
My awareness of the Castro Valley home market is an imperative factor in your home search. I'm mindful of all the school districts and neighborhoods, and I can communicate some districts are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful analysis.
When we tour houses, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Be mindful and be sure to ask plenty of questions, as every REALTOR will claim to truly know the market.
If things don't add up, contact me at 510-862-7000 or e-mail me at , and I'll be happy to answer your questions. My knowledge of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find the home of your dreams in the Castro Valley area, and when that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are getting financing, completing the inspection, and a clear title.
Upon presenting your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property and is usually applied to the closing costs. If the seller accepts the offer, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the first offer – it's pretty common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your budget. And when it's all said and done, we'll formulate a deal that works well for you.
Step 7 – Obtain a loan
Once the deal is finished, you'll start working with your mortgage lender to close the loan.
This shouldn't take long at all if you're pre-qualified, but you need to stay in close contact with your mortgage lender.
And I'll care for 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 lender within three days of accepting your loan application.
This estimate is based on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks okay.
Then we'll close on your house. This should happen at a title company or escrow office and will likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply call me at 510-862-7000 or e-mail me at .