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Are you contemplating buying your new home in San Jose?

Buying a home intimidates a lot of people. However, with some planning ahead of time, it isn't very confusing. So they understand exactly what they can expect, I will supply buyers with a road map of the entire deal. Here are my nine steps to buying a home. Should you have any questions regarding this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to buy
Prior to beginning your home search, there are a lot of things you need to take into account. When you start your search, you'll probably want to create an index of must-have features, get an idea of what school districts and neighborhoods you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than a third of your monthly income is a good guideline to go by.

Step 2 – Talk to a real estate agent in San Jose
This is where Morgan Real Estate & Financial, Inc. can help. I'd love to arrange a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans. We'll discuss neighborhoods, schools in the San Jose area, the mortgage and housing industries, and any other economic factors that could affect your purchase today or in the future.

In addition, I'll help you begin the loan process. Morgan Real Estate & Financial, Inc. works with some of the best mortgage professionals in San Jose, so you'll be in great hands. They can help you decide which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking
After our initial meeting, I'll begin finding available homes on the market that suit your needs. I'll preview most of the houses and eliminate the bad ones, and then we'll schedule appointments to view the homes when it's convenient for you.

When we tour homes, I'll identify good features, as well as negative ones. And I'll ask you to tell us about things you like and don't like. Generally, buyers revise their list of must-haves as we tour houses and some items become far more essential than others. If that happens, I'll go back through the listings once more and trim it down to the home of your dreams.

Step 4 – Understand the market
Your agent's understanding of the San Jose market is a necessary aspect in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I will communicate which areas are "hot" and demand immediate action and the ones that are "cool" and allow for careful analysis.

When we tour homes, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell." Any real estate agent will claim to truly understand the housing market, but take notice, and be sure to ask your agent lots of questions. If it doesn't seem like they know everything, just call me at 408.320.8080 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream house in the San Jose area. When that happens, I'll meticulously create your home purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, finishing the inspection, and a clean title.

When presenting your offer, you'll likely need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property, and it's most often put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the first offer, and it's widely common to receive a counter offer. Don't let this discourage you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market circumstances determine how aggressively we negotiate the contract. We'll also work within your financing constraints. And when it's all said and done, we'll create a contract that's best for you.

Step 7 – Secure a loan
After the deal is finalized, you'll begin working with your mortgage lender to close the loan. This shouldn't be a long process at all if you're already pre-approved, but you'll want to keep in close contact with your lender. And I'll take care of all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) outlining your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of getting your loan application. This estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This will probably take place at a title company or escrow office and should be a smooth and stress-free affair.

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

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