5 Top Tips For Purchasing Your New Home in the Bay Area

5 Tips For Purchasing Your New HomeIt’s a great time to buy a new home in Pleasanton while interest rates remain historically low.

Whether it’s your first time purchasing real estate or you’re a seasoned professional, here are a few tips to make shopping for a new house more pleasurable.

1. Get Help and Get Pre- Approved

Searching through all of the available properties on the market can be mind-boggling and time consuming.

Find a professional real estate agent to help guide you through the homes for sale and select one that meets your family and financial needs. Going in pre approved for your home loan will help maximize your time and avoid seeing unnecessary property.

2. Start Looking Now

Finding the perfect house can take longer than you might think, especially if you’re looking in a competitive market.

If you’re looking at getting a good deal on a foreclosure or short sale, then these transactions can take even longer because you’re likely waiting on the bank to make the final call on your purchase transaction.

Try to be patient. The more thorough you are in your search, the happier you’ll be in the long term.

3. Dont Settle For The First Place You See

Searching for a house can be extremely emotional.

If you think you’ve found the one, then take a step back, consult your real estate agent and go over your housing checklist one last time before writing an offer.

4. Weigh The Pros And Cons

Almost any property will need a few improvements; even newly constructed houses usually need improvements like landscaping.

Sellers are more savvy now about how to make cosmetic changes to catch a buyer’s eye, so look carefully.

There will still be things you want to change, so weigh the difference between the cost of those repairs and the sales price of the home.

If you really want a house even though it’s going to take a lot of work, make your offer accordingly.

5. Again; Make Sure Your Financing Is In Order

Having financing done in advance makes the process of buying homes for sale much easier because you’ll know how much you can afford.

I can also help you determine what your monthly payments will be based on how much money you borrow.

I’m Here to Help You With Your Purchase or Refinance

I love to work with my Bay Area readers that find my information on the Mortgage and Housing Market helpful in your decision making process. As a Mortgage Planner at Vintage Mortgage Group in Pleasanton, I am in a unique position to help you capitalize on historically low interest rates. Contact me below today for a free consultation.

 

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