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Purchasing your new home in San Jose?

For many people, purchasing a home can be an intimidating event. But with some up-front planning, it isn't too complicated. So they know exactly what they can expect, I will supply buyers with an overview of the entire deal. These are my nine steps to buying a home. Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy
There are a lot of things you should do before commencing your home search. You'll want to make a checklist of features you need to have, get a feeling for what school districts and neighborhoods you'd like to live in, and start planning around your budget. Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good rule of thumb to follow.

Step 2 – Connect with a real estate agent in San Jose
That's where I can help. I'd be happy to arrange a time to get together with you and communicate with you about your real estate needs and get an idea of your future plans. We'll discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the San Jose area.

In addition, I'll help you facilitate the loan process. I partner with some of San Jose's best mortgage professionals, so you're in great hands. They can assist you in choosing which type of loan is best for you and help you get approved.

Step 3 – Start looking
Following our initial meeting, I'll start searching for available houses on the market that are a great fit for you. I'll research many of the houses and eliminate the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.

As we view homes, I'll call attention to positive features, as well as negative ones. I'll also ask you to point out what things you like and dislike. It's pretty common for buyers to revise their list of must-haves as we tour houses and some things become more important than others. If that's the case, I'll search the listings again and trim it down to the house of your dreams.

Step 4 – Understand the housing market
My knowledge of the San Jose home market is a necessary component in your home search. I'm informed of all the neighborhoods and school districts, and I will let you know which neighborhoods are "hot" and call for immediate action and some that are "cold" and allow for thoughtful analysis.

As we tour houses, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be on guard and be sure to ask lots of questions. Any real estate agent will convince you they know the home market. If things don't add up, contact me at 408.320.8080 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market knowledge will help you stay a step ahead throughout the entire deal.

Step 5 – Find your dream home
I'm positive we'll find your dream house in San Jose. When we do, I'll precisely create your purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as acquiring financing, carrying out the inspection, and a clean title.

When presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's most often put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer. It's extremely common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to agree to the counter offer, present 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 budget. And when it's all said and done, we'll put together a contract that's best for you.

Step 7 – Obtain financing
After we sign the final deal, you'll start working with your lender to close the loan. If you're pre-approved, it shouldn't take very long at all, but you should to stay in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your application. The estimate is formed from the loan amount. RESPA requirements require that it has to include all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.

Then it's time to close on your house. This will probably occur at a title company or escrow office and will probably be a smooth and hassle-free event.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, be sure to contact me at 408.320.8080 or e-mail me at .

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