Su Casa San Jose
Attention Buyers!!!
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Here are some useful San Jose Home Buying Tips:
BUYERS! It is officially a buyers market - Go shopping - Have fun - The Interest Rate is still very good - under 7!
Remember you have the advantage right now in the late summer months and there's lots of inventory to choose from. Be picky on what you want and stick to your guns on your offers. Don't be afraid to go after homes priced a bit higher than you are qualified for. If you wait long enough the home may be reduced, then you're ready to jump all over it!
Get pre-approved.Get a letter that says you have already gone through
the loan process and are ready to buy any home up to the stated amount
on the pre-approval letter. This will make your offer a bit more serious
and believe me, when you are up against two or three others - you better
have all your ducks in a row!
Ask your real estate agent to pull up all properties within your range.
Say you are pre-approved for up to $750,000.Ask to see properties up to
$800K.This way you will be ready to move fast in case a property drops
in price from $800K price range (which is starting to be more common these
days).
Go on a tour with your real estate agent. Most agents will take a few
hours on a Sunday afternoon to walk through open houses and other available
properties with you. It is important to go together in order to evaluate
the agents attentiveness to your needs and wants. If you tour houses with
a small yard and you continually tell your agent that you need more yard
space. If he continues to ignore your demands, move on to someone else.
What is the condition of the home, and age you are looking for? Do you
want a home at a lower market price and invest the money into renovations?
Would you prefer a well kept home in "move in condition" at
current market value?
Be clear about your window of opportunity. If you are moving because of
schools, make sure that you let your realtor know the urgency. If your
realtor knows your motivation, you will both work together as a team better.
Other Important Points To Remember:
Good buys are made on homes that require some cosmetic work (paint and
carpet). Two similar homes can be priced very differently and all it takes
is a little elbow grease.
If you are serious about buying a particular home it is important to price
your offer correctly. You don't want to lose the home to a better offer.
In a multiple offer situation you should understand that the home may
sell far above the asking price. Are you willing to compete? If not move
on.
The seller is not obligated to take your full price offer, even if you
are the only potential buyer. The seller can wait, stall, or solicit more
offers. Although this doesn't seem fair, that's the way it works.
To receive excellent help in finding a home call Realtor Daniel Pizano
at (408) 460-8401.
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