Real Estate Agent Representing Home Buyers
Buying a home in Sacramento can be an difficult process. You will tour dozens of homes before making your first offer, and if you’re like the majority of home buyers your first offer will not be successful. However, after making several offers and counteroffers the seller of your dream home will eventually accept. This process is by no means quick, but the success of your home purchase will depend in large part on the hard work of your real estate agent. Accordingly, you need an agent who works for you around the clock. When a new home hits the market your agent needs to be ready to give you a tour ASAP. Not many real estate agents are up to the task, but some are. To begin the search for your new home call dedicated real estate agent Adam Garcia at (916) 800-1061.
The Steps To Buying A New Home
This guide is designed to take the guesswork out of buying a new home in Sacramento. Whether you are just starting your home search or have been looking for some time, follow this guide to get your real estate purchase on the right track.
Step 1: Budget; Wants & Needs
Before you can begin your property search you need to estimate your budget and identify your must-haves. What home features are important to you? Do you need a pool in your new home or just want one? When you have identified your essential criteria and have a rough budget in mind, you can begin your home search.
Step 2: The Search
Call real estate agent Adam Garcia for access to the local MLS. Adam can send you an email with a client portal giving you access to current listings. Use the advanced search feature to filter results by price, location, size and amenities.
Step 3: Contact A Real Estate Agent
When you have a list of properties you want to tour contact a real estate agent. This site makes contacting Santa Rosa real estate agent Adam Garcia very easy. Simply fill out a contact form or call him directly at (916) 800-1061.
Step 4: Get Preapproved For A Loan
This step is taken simultaneously with touring homes, but it is placed first because you should get preapproved for a loan before you make an offer. Getting preapproved for a loan requires meeting with a loan officer who will review your credit and determine whether you qualify for a loan amount with certain terms. If the loan officer “preapproves” you for a certain loan you will receive a preapproval letter.
Why is it important to get preapproved for a loan? Before you can purchase a house you will need to obtain a loan, and the time period given for this process is very short once an offer is accepted. Therefore, getting preapproved for a loan will help you avoid losing a home because you couldn’t get financing fast enough. Also, a preapproval letter will let you know how much you can offer and will help you refine your home search.
Step 5: Tour The Homes
This can be a time intensive process, but it will help to have a patient and knowledgeable real estate agent on your side to help you expedite your search. The real estate agent will get you inside each home on your list and help you determine whether you want to make an offer.
Step 6: Your Offer
When you’ve found a home that you want to purchase you will need to decide what amount to offer the seller. There is no one hard-and-fast rule on how much to offer relative to the list price. Your offer will depend upon how many other buyers are making offers on the home and how many other properties that meet your criteria are for sale in Sonoma County. Many times the purchase price will be several thousand below list price.
Step 7: Get The Loan
After your offer has been accepted, you will need to get a loan to finance the purchase. You will meet with a loan officer and complete a mortgage loan application. Be prepared to furnish documentation of your income, including tax returns and pay advices.
Step 8: Inspections & Insurance
Before you close the deal you will want to obtain certain inspections to make sure you’re buying the property without serious defects. You will obtain a pest inspection to check for termites and other insects that can materially affect the value of the home. You may also obtain surveys to check boundary lines and appraisals for the lender to ensure that the value of the home is more than the amount financed.
In addition to the inspections you will obtain certain insurance policies. Title insurance will protect you against defects in title. Homeowners insurance will protect the real property from loss due to fire, theft, and liability and may even protect some personal property within the home. Depending upon the location of your home you may also need to acquire flood insurance.
Step 9: Sign and Close
Closing, or settlement, is a process by which the terms of the purchase agreement are fulfilled and the real property is conveyed to the buyer. During closing a check will be delivered to the seller and the seller will sign over the deed to the buyer.
By Adam Garcia.