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Contemplating buying your home in San Jose?

Buying a home is a stressful event for a lot of people. However, with a bit of planning ahead of time, it's not very confusing. So they'll understand exactly what to expect, I will furnish buyers with a road map of the whole deal. Here are my nine steps to purchasing a home. If you have questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
There are several things you need to take into account before beginning your home search. When you begin your search, you'll probably want to put together a list of must-haves, plan for what school districts and neighborhoods you want to live in, and begin planning your budget. Ensuring your mortgage payment is no more than 1/3 of your monthly income is a good guideline to follow.

Step 2 – Connect with a real estate agent in San Jose
That's where I can help. I'd love to arrange a time to get together with you and communicate with you regarding your real estate needs and get an idea of your plans for the future. We'll talk about neighborhoods, schools in the San Jose area, the mortgage and housing industries, and any other economic factors that could potentially affect your purchase today or in the future.

I can also help you begin the loan process. Morgan Real Estate & Financial, Inc. works with some of the best mortgage professionals in San Jose, so you can rest assured that you're in great hands. They will assist you in choosing which kind of loan is best for you and help you get qualified.

Step 3 – Start house-hunting
After our initial meeting, I'll begin looking for homes on the market that meet your needs. I'll preview many of the homes and reject the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.

As we tour the houses, I'll point out positive features, as well as bad ones. I'll also ask you to talk about things you like and dislike. It's widely common for buyers to amend their wish list as we view houses and some things become far more crucial than others. If such is the case, I'll search all the listings another time and trim it down to the house you've been waiting for.

Step 4 – Know the housing market
An agent's awareness of the San Jose housing market is a necessary agent in your home search. And I can assure you I'm familiar with all the neighborhoods and school districts, and I will let you know which areas are "hot" and demand immediate action and others that are "cool" and allow for thoughtful examination.

When we view houses, I'll let you know when the asking price has room for bargaining and also when I think the home is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions. Every real estate agent in San Jose will convince you they comprehend the home market. If things don't add up, call 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 understanding of the market will keep you a step ahead through the entire process.

Step 5 – Find your dream home
We'll find your dream home in San Jose, and when that happens, I'll carefully develop your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, completing the inspection, and a clean title.

When turning in your offer, you'll need to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is typically applied to the cost of closing. If the seller accepts the offer, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the contract. In addition, we'll work within your budget. And when it's all said and done, we'll compose a deal that's best for you.

Step 7 – Get financing
Upon finishing the contract, you'll start working with your lender to close the loan. If you're already pre-approved, this won't take long at all. But you need to stay in close contact with your lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Good Faith Estimate (GFE) detailing your closing costs within three days of accepting your loan application. You'll get a Good Faith Estimate (GFE) detailing your closing costs from your lender within three days of accepting your application. The estimate rests on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks all right.

Then we'll close on your home. This will most likely take place at a title company or escrow office and will probably be a smooth and pleasant occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just call me at 408.320.8080 or e-mail me at .

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