Purchasing your home in Oakland

Purchasing a home intimidates most people. However, with a little up-front planning, it's not very hard. So they'll understand exactly what they can expect, I will furnish buyers with an overview 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 happy to answer any questions you have regarding this information.

Step 1 – Get ready to buy a home
Before you begin searching for a home, there are plenty of things you need to do. When you begin your search, you'll probably want to create an outline of items you want, get an idea of what neighborhoods and school districts you'd like to live in, and start working on your budget. Ensuring your mortgage payment is less than a third of your monthly income is a good guideline to adhere to.

Step 2 – Communicate with a real estate agent
That's where I can help. We'll book a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss everything from neighborhoods, schools in the Oakland area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.

I'll also help you start the loan process. There are some great mortgage professionals in Oakland, and I work with a lot of them, so you're in great hands. They will help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin your search
After we meet, I'll begin searching for homes on the market that are good for you. I'll get a sneak peek of most of the houses and eliminate the bad ones, and then we'll book appointments to tour the houses whenever it's convenient for you.

When we view houses, I'll show you the positive features, as well as negative ones. And I'll ask you about things you like and dislike. Frequently, buyers change their must-have list as we tour homes and some items become more crucial than others. If that's the case, I'll look through the listings once more and narrow it down to the home of your dreams.

Step 4 – Comprehend the market
My awareness of the Oakland home market is an imperative factor in your house search. I am familiar with all the neighborhoods and school districts, and I will let you know which neighborhoods are "hot" and call for prompt action and others that are "cold" and allow for more examination.

When we view houses, I'll let you know when the list price has room for negotiation and when I think the home is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions, as any real estate agent will tell you they comprehend the market. If things don't add up, contact me at 5106010116 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will keep you a step ahead through the entire deal.

Step 5 – Find the home of your dreams
I'm positive we'll find your dream house in the Oakland area. When we do, I'll thoroughly develop your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, completing the inspection, and a clear title.

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

Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer – it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and go on.

The state of the market will play a big part in how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that's best for you.

Step 7 – Secure a loan
Upon completing the contract, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, this shouldn't be a long process at all, but you'll need to stay in close contact with your mortgage lender. And I'll sort out all the property information your mortgage 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 receiving your loan application. The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy, and I'll examine the estimate and let you know if it all looks permissible.

Then it's time to close on your house. This will most likely take place at a title company or escrow office and will likely be a smooth and relaxing affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, simply contact me at 5106010116 or e-mail me at .


Thomas-Chambers Company
BRE # 01208644

449 W MacArthur Blvd.
Oakland, CA 94609