Let Craig Jelinek help you with buying your home in Silicon Valley
For most people, buying a home is a stressful event. With a little up-front planning, it's not too confusing. I like to provide buyers with an outline of the whole deal so they'll know exactly what to expect. Below are my nine steps to purchasing a home.
If you have questions about any of this information or if you're ready to get started, just contact me here or send e-mail to firstname.lastname@example.org.
Step 1 – Get ready to purchase a home
There are several things you should take into account prior to starting your home search. When you start your search, you'll probably want to make a checklist of items you need to have, plan for what neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than a third of your net monthly income is a good rule of thumb to follow.
Step 2 – Communicate with me
I'd be more than happy to book a time to get together with you and communicate with you about why you want to buy a home and get an idea of your future plans. We'll talk about the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the Silicon Valley area.
In addition, I'll help you begin the loan process. There are some excellent mortgage professionals in Silicon Valley, and I partner with the best of them, so you'll be in great hands. They will assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After our initial meeting, I'll start searching for houses on the market that suit your needs. I'll preview many of the homes and remove the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.
As we view the homes, I'll show you the good features and bad ones. I'll also ask you what things you like and dislike. Most often, buyers update their must-have list as we view homes and some items become more essential than others. If such is the case, I'll search the listings once more and trim it down to the home you've been dreaming about.
Step 4 – Get a feel for the housing market
My knowledge of the Silicon Valley housing market is a fundamental asset in your search. I am conscious of all the neighborhoods and schools, and I will communicate certain districts that are "hot" and require immediate action and the others that are "cool" and allow for cautiousness.
When we tour homes, I'll be sure to tell you when the seller's asking price has room for bargaining and when I know the house is "priced to sell." When working with an agent, trust your instincts and make sure you ask lots of questions, as every REALTOR® in Silicon Valley will convince you they comprehend the home market. If things don't add up, call me at 408-335-1425 or e-mail me at email@example.com, and I'll be more than happy to answer any questions you have. My knowledge of the market will help you stay a step above the rest throughout the entire deal.
Step 5 – Find your dream home
I'm positive we'll find the house of your dreams in Silicon Valley. When we do, I'll precisely create your home purchase offer. The offer will be tailored to suit your needs, including several contingencies, such as getting financing, carrying out the inspection, and a clean title.
Upon turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property and is put towards the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances. We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that works well for you.
Step 7 – Get your loan
After the contract is signed, you'll start working with your lender to close the loan. If you're pre-approved, this shouldn't be a long process at all. But you should to keep 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 Good Faith Estimate (GFE) of closing costs from your lender within three days of taking your application. This estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then we'll close on your home. This should occur at a title company or escrow office and will most likely be a smooth and relaxed occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And when you have any questions, be sure to call me at 408-335-1425 or send me an e-mail.