So you’ve found the one! The home that will be your haven for family and friends for years to come.
Now comes the interesting part. Offers, contracts, and negotiations, oh my! All the paperwork, and and legal documents to make this home yours. Some things you know. Other things not so much. Here’s where your Realtor comes in.
When buying a home, there is some terminology to become familiar with to be sure your transaction is a smooth one. Your Realtor will be instrumental in getting you up to speed, keeping you informed, and ensuring everything is done completely and legally.
First and foremost, come to the bargaining table prepared. It is best to be prequalified with a lender before looking at homes, so that you know absolutely what your finances can handle. Be sure to consider the legal, tax, credit, interest, and other effects of home ownership. You know how much the sale price is for the house. How about the property taxes? Interest fees? Are there HOA dues? Take into consideration all monthly financial obligations home-ownership will entail.
Why is this house for sale? This could be important when placing the offer. Your Realtor can help strategize with you to make your offer as attractive as possible based on this information. Sometimes it isn’t about throwing more money at it.
Sellers Disclosures – a Realtor swill be sure you get these and are able to review them. These documents are a statement from the sellers that state any known flaws or issues with the home. Are there any inspections available for you to review? The more you know, the better it will be.
What are the homes zoning guidelines? This may be important if you want to make any structural changes down the line. If the plan is do a room addition in the future, be sure you know in advance if it is do-able.
How is the neighborhood? What’s the crime rate like? What is the noise level at various times of the day and night? Are there kids and dogs in the area? Getting these questions answered can help with the decision of whether this home is “the one”.
Check the title records, and liens, to be sure that title can be transferred over legally, smoothly and without incident in the expected escrow period. No one likes unexpected problems.
Be sure your Realtor explains, and that you understand the legal implications of loan and inspection contingencies, and other contractual provisions. These can be leverage points in any real estate contract for both sides. Also be sure you understand the point at which the contract is legally binding.
Be sure you conduct your own inspections and investigations as buyer. This will help you become aware of the condition of the home you are buying. If there are repairs needed, it’s better to know ahead of time, right?
We have lived and worked in the San Ramon Valley for 15+ years, and have helped dozens of folks buy and sell a home. Our style is to be sure each step of the process is clear and understood. Thinking of buying? Thinking of selling? Call or email us today. Let us bring you up to speed and into the loop!
Whether you are buying or selling a home in San Ramon, contact your local realtor Mona Koussa