Contemplating purchasing a home in Oakland?

Purchasing a home can be stressful for a lot of people, but with a little planning ahead of time, it isn't all that difficult. So they'll understand exactly what to expect, I'll provide buyers with a road map of the entire deal. These are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to buy
Before you begin looking for a home, there are many things you should contemplate. When you begin your search, you'll probably want to assemble an index of items you want, plan for what neighborhoods you'd like to live in, and start working on your budget. Keeping your mortgage payment less than a third of your monthly income is a good guideline to follow.

Step 2 – Connect with a real estate agent
This is where Thomas-Chambers Company
BRE # 01208644 comes in. We can arrange a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss neighborhoods, schools in the Oakland area, the mortgage and housing industries, and any other economic factors that could affect your buying decision today or in the future.

I can also assist you in getting started on your loan. Thomas-Chambers Company
BRE # 01208644 works with some of the best mortgage professionals in Oakland, so you can rest assured that you're in great hands. They will assist you in figuring out which type of loan is best for you and help you get approved.

Step 3 – Start looking for a house
Following our initial meeting, I'll start finding available houses on the market that are great for you. I'll research many of the houses and exclude the bad ones, and then we'll schedule appointments to view the houses when it's most convenient for you.

As we tour the homes, I'll point out good features and bad ones. And I'll ask you about things you like and don't like. For the most part, buyers change their wish list as we tour homes and some features become more important than others. If that's the situation, I'll search all the listings once again and trim it down to the home you've been dreaming about.

Step 4 – Get a grasp of the market
My understanding of the Oakland home market is an imperative factor in your home search. I am conscious of all the neighborhoods and schools, and I can communicate certain districts are "hot" and demand immediate action and some that are "cold" and allow for careful examination.

As we view houses, I'll let you know when the seller's asking price has room for bargaining and also when I think the house is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions. Any REALTOR will claim to comprehend the home market. If things don't add up, call me at 5106010116 or e-mail me at , and I'd be happy to answer your questions. My knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find the home you've been waiting for
I'm sure we'll find the house of your dreams in Oakland. When that happens, I'll thoroughly create your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as getting financing, completing the home inspection, and a clear title.

When we submit your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property, and it's usually applied to the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the beginning offer. It's very common to receive a counter offer. Don't let this discourage you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that works well for you.

Step 7 – Get a loan
Once the deal is finalized, you'll start working with your lender to close the loan. It won't take long at all if you're already pre-qualified, but you'll want to keep in close contact with your lender. And I'll deal with all the property information your mortgage lender needs 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) outlining closing costs from your lender within three days of getting your loan application. The estimate rests on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy. I'll go over the estimate and let you know if everything looks okay.

Then it's time to close on your house. This will probably happen at a title company or escrow office and will most often be a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at 5106010116 or e-mail me at .