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Are you purchasing a home in San Jose? Morgan Real Estate & Financial, Inc. can help.

For most people, buying a home can be a stressful event. But with a little planning ahead of time, it isn't very hard. So they'll understand exactly what they can expect, I will supply buyers with a road map of the entire deal. Below are my nine steps to purchasing 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 – Prepare to purchase
Before you start looking for a home, there are several things you'll want to contemplate. When you begin your search, you'll want to create a check list of must-have features, plan for what school districts you want to live in, and start planning your budget. Keeping your mortgage payment around a third of your monthly income is a good guideline to adhere to.

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

I'll also help you begin the loan process. I partner with some of the finest mortgage professionals in San Jose, so you can rest assured that you're in great hands. They can assist you in figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin your search
After our first meeting, I'll begin finding available houses on the market that best suit you. I'll research many of the houses and ignore the bad ones, and then we'll schedule appointments to view the homes when it's convenient for you.

When we view homes, I'll point out good features, as well as bad ones. I'll also ask you to talk about things you like and don't like. It's widely common for buyers to update their wish list as we view houses and some features become far more important than others. If that's the case, I'll go back through the listings one more time and trim it down to the home you've been wishing for.

Step 4 – Understand the market
My understanding of the San Jose market is an imperative aspect in your house search. I'm conscious of all the schools and neighborhoods, and I'll let you know what neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for thoughtful analysis.

When we tour houses, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be on guard and be sure to ask plenty of questions. Every real estate agent will claim to know the housing market. If things don't add up, call me at 408.320.8080 or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest through the entire process.

Step 5 – Find the home of your dreams
We'll find your dream house in the San Jose area, and when we do, I'll carefully develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as getting financing, carrying out the home inspection, and a clean title.

When presenting your offer, you'll probably need to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property, and it's typically applied to the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll compose a deal that's best for you.

Step 7 – Secure your loan
Upon finishing the deal, you'll begin working with your lender to close the loan. If you're already pre-qualified, this won't take much time at all. However, you'll want to stay in close contact with your mortgage lender. And I'll take care of all the property information your lender needs to close the loan.

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

Then we'll close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. 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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