All Brokers and Real Estate agents would agree that the number one step to take before embarking on any real estate adventure, is to get pre-approved for a home loan. Let a loan officer review you finances and determine your ability to get a home loan. Doing this first step will also help you stand out in the crowd as a qualified buyer.
Secondly, sit down an determine what other monthly expenses you will incur beyond your monthly mortgage. Remember that you will have insurance premiums, possibly homeowners’ dues, and taxes. Utility bills will likely increase if you are moving to a larger home, too.
Lastly, make your best offer. Especially in top real estate market counties such as San Francisco, San Mateo, Santa Clara and even Sonoma County, don’t lowball and expect to be taken seriously. On average, there were 3 offers for every home sold in August this year. An insulting offer could make the Seller turn you away out of the gate. To make your offer more enticing beyond the price you are willing to pay, you could offer a flexible move-in date and/or minimal contingencies.
A popular move made by many California home buyers has been making shorter closing dates. If a home Buyer gets Hard Money financing, this is virtually all cash and can close/fund much faster than conventional financing.
We have been in the business of helping folks just like you for over three decades and are quite good at assisting Buyers in strengthening their purchase offers with a Hard money loan! Call us at 707-523-2099 or check out our website today and see what we can do for you or a client, to make the dream of home ownership come true.
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Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
CA DRE license #010005559 and NMLS #289456
Note: Get our financing despite bad credit, difficult to prove income, property a fixer, etc.! We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.