You’ve decided to make the leap into home ownership! Great Santa Cruz Homes can make the home buying process easier. Since your home will most likely be the largest investment you will ever make, it’s important to stay organized and focused. Here are a few tips to help you do so:
1. Organize your paperwork. Your tax documents, pay stubs and bank statements are documents that a mortgage broker needs in order to verify your financial health. Also check your credit score to make sure it is in tip-top shape.
2. Get pre-approved. To finance your new home, meet with a mortgage company. Pre-approval for a home loan is a good gauge of how much you can borrow and it shows home sellers that you have the backing to buy.
3. Set a budget. Know your total budget, which not only includes the price of the home but also closing costs and fees. Also consider post-purchase expenses such as moving fees, security systems and furnishings.
4. Make a list. Determine what your family truly needs in a new home. Anticipate your future needs, such family growth, children moving out, or a job relocation. Prioritize your list and decide what features are a must have and what amenities can be sacrificed.
5. Location, location, location. Location is crucial when searching for your home. Only you can decide which location is best for you. A few considerations include: How far do you want to commute to your job? Are the community schools highly rated? Do you require nearby neighborhood services such as public transportation, shopping and senior resources? You should also think about the location’s impact on the resale value of the property if you are anticipating selling in the next few years.
6. Get on the Web. One of the best ways to start your home search is on the Internet. Websites such as www.greatsantacrushomes.com allows you to search for properties, visit my profile, determine mortgage payments, research communities and so much more.
7. Take notes or bring a camera. While touring homes, write down a few notes or take photos of things you like and dislike in the home and others that you may not. This way, when you evaluate the homes you have visited, you will have the pros and cons of each.
8. Make an offer. When you find a home that meets your needs, it’s time to make an offer. As your Coldwell Banker Sales Associate, I can help determine an appropriate price and will help you negotiate the offer.
9. The all important home inspection. A home inspection is a great way to find any potential hiccups the home may have that you did not see during the initial home tour. Once you know what needs attention, I am able to go back to the seller to discuss items that should be taken care of before purchasing the home.
10. Close the deal. Closing is the final step in completing a real estate transaction. At the closing, ownership of the property is transferred to the buyer and any costs incurred by either the buyer or the seller beyond the price of the property itself are paid.
11. The house is yours! The final papers have been signed and you have the keys to your home. It’s time to move. To make the process go more smoothly, create a moving check-list and ask me how I can assist you with any services you may need before, during and after your move.
I am happy to go over everything on this list with you in depth, or you can let me know if there is anything specific regarding your home buying process in Santa Cruz County. I am here to help in any way that I can!