Contemplating buying your new home in San Rafael?
With a little up-front planning, purchasing a home isn't very confusing, but it still is intimidating for many people.
We like to furnish buyers with an outline of the entire deal so they know exactly what they can expect.
Here are our nine steps to buying a home.
Should you have questions regarding any of this information or if you're ready to get started, just contact us here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to purchase
There are several things you'll want to do before commencing your home search.
When you start your search, you'll probably want to assemble a check list of features you want to have, get a feeling for what school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is no more than 1/3 of your net monthly income is a good guideline to adhere to.
Step 2 – Speak with a real estate agent in San Rafael
That's where we can help.
We'd be happy to set up a time to meet with you and speak with you regarding your real estate needs and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the San Rafael area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.
In addition, we'll assist you in getting started on your loan.
Marin Realty Experts partners with some of San Rafael's best mortgage professionals, so you can rest assured that you're in great hands.
They will assist you with deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet for the first time, we'll begin finding houses on the market that meet your needs.
We'll get a sneak peek of many of the houses and throw out the duds, and then we'll schedule appointments to tour the houses whenever it's most convenient for you.
As we view homes, we'll identify positive features and negative ones. we'll also ask you about things you like and don't like.
Most often, buyers update their wish list as we tour houses and some features become more crucial than others.
If that's the case, we'll search the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Get a feel for the housing market
Your agent's awareness of the San Rafael market is an imperative agent in your home search. And we can assure you we're well acquainted with all the school districts and neighborhoods, and we will alert you to certain neighborhoods are "hot" and call for prompt action and the others that are "cool" and allow for more analysis.
When we tour houses, we'll let you know if the seller's asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask lots of questions, as any real estate agent will claim to comprehend the housing market.
If it appears they don't know everything, call us at (415) 472-6243 or e-mail us at email@example.com, and we'd be more than happy to answer any questions you might have. Our market knowledge will help you stay a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
We're positive we'll find the house of your dreams in San Rafael, and when that happens, we'll meticulously develop your purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
Upon turning in your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property. The amount is most often applied to the cost of closing. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer – it's pretty common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.
The state of the market will play a big part in how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll create a contract that's best for you.
Step 7 – Get financing
Once we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, it shouldn't take very long at all. However, you should to stay in close contact with your mortgage lender.
And we'll take care of all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of accepting your loan application.
The estimate depends on the loan amount. RESPA requirements order that it has to include all closing costs and be within a strict range of accuracy, and we'll study the estimate and let you know if it all looks all right.
Then it's time to close on your house. This will most often take place at a title company or escrow office and is often a smooth and easygoing occurrence.
Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just call us at (415) 472-6243 or send us an e-mail.