Are you tired of renting and not being able to take advantage of the many benefits of owning your home? Perhaps you don’t know where to start? The first time you purchase a home, it may seem like a daunting task. You may be getting dragged in different directions with people telling you different options or routes but rest assured once the process is laid out in front of you, it is a step by step process that if done with the correct amount of communication necessary, can be a smooth transaction for you, the seller, and the rest of the people that are involved.
Things to keep in mind before starting off
For many people, purchasing a home will be one of, if not the biggest, purchase you will make in your life. You can call the Sonya Shastri Team so we can give you a general idea of the amount of total costs that you will need including down payment, and closing costs. Along with that, you will need to make sure your credit score is as high as possible. That means staying on top of current bills, no major purchases, not canceling credit cards as the better your credit score is the lower your interest rates will be.
Once you have started that, it’s time to begin looking for a mortgage lender to get a mortgage pre-approval. It is a smart idea to shop around to see which loans are available, the qualifications needed, the down payment amounts, and at what current interest rates are. During this time, you should be forming a solid idea what you are looking for in a house, amenities that you may seek, one or two stories, etc. Once your loan is approved, it is time to choose a realtor!
With your realtor, it is wise to take the time to sit down and explain what features you would like to have in your dream home. The Sonya Shastri Team can provide helpful information on homes and neighborhoods that you may not know about. Once you communicate your needs, our team can show you homes that exactly match your criteria. Once you find the house that you like, next is making the offer!
Submitting offer and closing
When you make an offer on a home, you submit all your paperwork that you have gathered and include any contingencies opt-outs. Contingencies may include appraisal, inspections etc. Once the offer is accepted, a home inspection is conducted a few days after. Your mortgage lender will arrange an appraisal to provide an estimate of value on the home you will be buying. Once the appraisal is complete, you do a final walk-through to make sure nothing has changed since your last visit. The last major step will be the escrow company to do the final paper work, also known as the closing process and the distributing of funds is made. After closing and the change of title is recorded, you are ready to move in!
I am a broker associate with Keller Williams Tri Valley. I work with each client individually, taking the time to understand their unique wants, needs, and lifestyle objectives; then delivering a solution to best fits their needs.
For me, both my customer and client needs always come first. Each assistant on my team is an hand picked professional dedicated to complete customer satisfaction.
Selling a home for the first time can be both stressful and exhaustin
"Sonya and her team are very different from any agent you will find. Not only are they very knowledgeable about the market and the area, but they are incredibly responsive. We would send them questions about different homes and they would respond within minutes. They were instrumental in weighing out the pros and cons of each house. They are also very strong negotiators, and helped us get a fantastic deal. They prepared our offer in a way that made it more appealing to the seller even though our offer was not the highest one. We would highly recommend Sonya to anyone looking to buy their next home."