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Buying or selling a home in San Jose?

Buying a home can be stressful for a lot of people, but with a little up-front planning, it's not all that complicated. So they understand exactly what to expect, I'll provide buyers with an outline of the entire deal. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to address any questions you have regarding this information.

Step 1 – Prepare to buy
Before you start your home search, there are many things you'll want to contemplate. When you begin your search, you'll want to assemble a checklist of items you need, get a plan of what school districts and neighborhoods you want to live in, and start planning around your budget. Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good principle to follow.

Step 2 – Talk to a real estate agent in San Jose
This is where I come in. I'd be happy to schedule a time to get together with you and communicate with you about your real estate needs and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, schools in the San Jose area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.

In addition, I'll help you start the loan process. There are some excellent mortgage professionals in San Jose, and I partner with a lot of them, so you can rest assured that you're in great hands. They'll help you decide which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin your home search
After we meet for the first time, I'll begin searching for available houses on the market that are a good fit for you. I'll preview many of the homes and remove the duds, and then we'll set up appointments to view the homes whenever it's most convenient for you.

As we view houses, I'll identify positive features and negative ones. I'll also ask you about things you like and don't like. It's common for buyers to amend their must-have list as we view homes and some items become far more crucial than others. If that happens, I'll go back through all the listings another time and trim it down to the home you've been waiting for.

Step 4 – Get a grasp of the market
My understanding of the San Jose home market is a fundamental element in your house search. I'm familiar with all the schools and neighborhoods, and I'll let you know some neighborhoods are "hot" and demand prompt action and the ones that are "cold" and allow for cautiousness.

As we view homes, I'll let you know when the list price has room for negotiation and also when I think the house is "priced to sell." When working with an agent, be careful and make sure you ask lots of questions, as any real estate agent in San Jose will convince you they truly know the housing market. If it doesn't seem like they know everything, call me at 408.320.8080 or e-mail me at , and I'd be happy to answer any questions you have. My market expertise will keep you a step ahead through the entire deal.

Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in San Jose, and when that happens, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.

Upon turning in your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property and is usually applied to the closing costs. 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 aren't closed on the first offer. It's very common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.

The state of the market will play a vital role in how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And at the end of the day, we'll create a deal that is best for you.

Step 7 – Secure a loan
After we sign the final contract, you'll start working with your lender to close the loan. If you're already pre-approved, it won't take much time at all, but you'll 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 lender will furnish you with a Loan Estimate (LE) detailing your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your application. The estimate is based on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a precise range of accuracy, and I'll go over the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will likely occur at a title company or escrow office and should be a smooth and hassle-free affair.

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

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