Are you buying your new home in San Jose? Morgan Real Estate & Financial, Inc. can help.

Buying a home is stressful for many people, but it's not very confusing with a bit of planning ahead of time. So they know exactly what to expect, I will give buyers an outline of the entire deal. These are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address any questions you have about this information.

Step 1 – Get ready to purchase a home
Before you start searching for a home, there are a lot of things you need to do. You'll want to form a check list of must-have features, plan for what neighborhoods and school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than or around a third of your net monthly income is a good principle to follow.

Step 2 – Get in touch with a real estate agent
This is where I can help. I'd be more than happy to arrange 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 talk about neighborhoods, schools in the San Jose area, the mortgage industry, and any other economic factors that may affect your buying decision today or in the future.

I can also assist you in getting started on your loan. There are some very good mortgage professionals in San Jose, and I partner with a lot of them, so you're in great hands. They will assist you with figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Begin your home search
After our first meeting, I'll begin looking for houses on the market that are great for you. I'll research most of the houses and exclude the duds, and then we'll set up appointments to view the homes when it's most convenient for you.

When we tour homes, I'll point out good features and bad ones. And I'll ask you what things you like and dislike. It's common for buyers to update their must-have list as we view houses and some items become more essential than others. If such is the case, I'll search all the listings one more time and trim it down to the house you've been waiting for.

Step 4 – Understand the market
My knowledge of the San Jose home market is a crucial element in your house search. I'm informed of all the neighborhoods and school districts, and I'll communicate which areas are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful analysis.

When we tour homes, I'll be sure to tell you when the asking price has room for bargaining and also when I trust the house is "priced to sell." When working with an agent, be on guard and be sure to ask a lot of questions. Every REALTOR in San Jose will tell you they know the home market. If it seems like they don't know everything, just call me at 4083208080 or e-mail me at , and I'll be glad to answer any questions you have. My knowledge of the market will help you stay a step ahead throughout the entire process.

Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in the San Jose area, and when we do, I'll carefully create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clear title.

Upon turning in your offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is most often applied to the closing costs. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer, and it's pretty common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.

The state of the market will play a large role in how aggressively we negotiate the deal. We'll also work within your budget. And at the end of the day, we'll assemble a contract that works well for you.

Step 7 – Secure a loan
After the contract is complete, you'll start working with your lender to close the loan. This won't take long at all if you're pre-approved, but you should to keep 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 send you a Loan Estimate (LE) detailing closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application. The estimate rests on the loan amount, and RESPA requirements require 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 everything looks all right.

Then we'll close on your home. This will likely happen at a title company or escrow office and will most likely be a smooth and comfortable affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 4083208080 or e-mail me at .

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