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Real Estate

The first step is to evaluate your financial situation. Buying a house is a long-term financial commitment and you should make sure you are in a stable financial situation before taking this
plunge. Do you have a steady stream of income? Do you have a good credit score? Do you have enough saved up for a down payment and other related costs (closing costs, insurance, etc.)?
These are all questions you should answer before buying a house.

The great thing right now is there are over 200 Down Payment Assistance (DPA) programs available in the United States of America. These programs have funding to assist buyers into
getting into their first home. At the same time, allow a portion or all your downpayment to be put into your loan at 0% interest and forgiven if you live in the home for 5 years!!!!
Another important factor to consider is the location of the home. Do you live in an area with a good school system, solid job opportunities, and affordable recreation? If not, these are all
factors to keep in mind.

Additionally, you should think about the cost of living in the area you're considering. Have the prices of homes in the area recently increased significantly? Will that affect your ability to pay
your mortgage payments? Are utilities such as water, electricity, gas, and cable stable in the area? Knowing these costs ahead of time can help you accurately budget for the home.
Finally, ask yourself how long you plan to stay in the home. Are you planning on staying for years or just a few years? This should factor into your decision as a long-term commitment will
require more preparation than a shorter-term one.

Buying a house can be a complex decision with so many factors to consider, but when you are armed with the knowledge you need, it can be a rewarding adventure. Before you take the leap,
consider speaking with a real estate agent to give you an outlook on the current trends of the real estate market. Talk to two or more lenders to explore the benefits of the different DPA
programs available in your area. Once you make sure all the pieces are in place, then you can confidently make the big purchase.

Now that you know the basics of when you're ready to buy a house, there are other steps you need to take. Once you know how much home you can afford, you'll need to start the home-buying process. This involves things like finding a real estate agent, mortgage lender, learning about the home buying process like hiring a home inspection and termite inspection companies, what is escrow, and what is title insurance cover as so much more. Make sure to do your research and surround yourself with competent professionals, so you know what is expected throughout the entire process.
Whether you're a first-time homebuyer or a seasoned one, always make sure you're in a good financial position and informed before making a purchase. Take the time to decide if you really are ready for such a big commitment before taking the plunge and buying a house.

If you’re thinking about buying a house, you’ve come to the right place! We’ve gathered a list of tips and resources to help guide you through the home-buying process. You should also
consider using a real estate agent who can assist you with the research, paperwork, and negotiations that come with buying a house.

Feel free to contact us with any questions about purchasing a home and we’ll be happy to help.

Good luck with your house hunting!


Don Jordan
Your Bay Area Agent