Posted by: Meena Gujral | August 5, 2009

What should I look out for when buying a home in Mission San Jose, Fremont, California

Buying a homeShopping for a home is an emotional experience. I am going to share some tips on making your home purchase in Mission San Jose, Fremont less stressful and more enjoyable.

The first step should be to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer. Plus you will know what your price range should be. You may be looking at homes that you really want to buy but cannot qualify for.

Determine what your needs and wants are in a home? How much space do you really need?  Outline all of your priorities, and work on finding not just a great home, but a great home for you.

What price do you offer a seller? Is the seller’s asking price at fair market value? Is it a deal? Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity. Hire the right Realtor and trust that person to represent your interests. In this market the lenders have very strict guidelines for their appraisals. So even if you are willing to pay the seller more than asking price in a multiple offer situation, the appraisal may come in lower and you may be back at the negotiating table.

Make sure you get an inspection on the home. A good inspection will uncover any flaws you need to be aware of before you complete the purchase of the home. Your offer should be contingent to disclosure, inspection, appraisal and loan contingency.

Check the title of the property to make sure it is free of all encumbrances. Your Realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements against the title.  

 Meena Gujral

Help-U-Sell Achievers Realty

510-279-9580

http://www.helpusellachievers.com

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