Though having a landlord to think about all your plumbing and roofing needs, nothing still beats having a home all to your own. This is why most family you know would always encourage you to find one for you or the whole family. Long term investments by buying a Bay Area real estate property will surely bring in a much needed change, one that you will surely cherish. However, proper assessment must be done to guarantee sound results.
Before you scour MLS listings or newspaper ads, it is imperative to come up with a sound purpose of the purchase. Try to be as realistic as possible in setting up guidelines on size of home, location, accessibility to facilities or amenities like schools or hospitals, and so on. Knowing these will certainly help.
Another realistic effort to think of is your budget. Knowing how much you can afford is important. Try to sign up for a pre-mortgage assessment. Here, your three C’s namely, credit history, current capacity and collateral will be gauged by a financial planner. Be very wary of these as shrewd lenders usually verify every nook and cranny of your financial, employment and even lifestyle to authenticate your ability to repay such loans.
As soon as you already have a goal and a mortgage amount in place, carefully planning for the type of location is important. If there are children involved, a quiet and gated neighborhood will surely be safest. For city-slickers, condominium and other high-rise living spaces are slowly getting their fair share in the realty market these days. If you want something quiet and everything organic, country living is for you.
Home shoppers usually are won over by amazing patio arrangements or an exquisite garden or a Jacuzzi on deck that they fail to check for the functionality of fixtures essential in the daily grind. Plumbing, as always, is the most overlooked item in the search process. But carefully considering this will defray possible repairs or remodeling costs due to faulty pipelines or leaky bathroom floor.
Having a realty agent or broker will help hasten your search process. This is actually very useful especially in cases where you are moving from another state. They are more familiar with the realty market’s inner workings in the area thereby guaranteeing a place suited for you or your family the moment you are in.
Buying of Bay Area real estate can truly be daunting because of so many factors at stake. It is important to always come up with a game-plan to ensure success of the endeavor. This is a huge investment and putting your commitment into action will surely be crowned with success.
Considering a move to the Bay Area? Have a look at Pacific Place, which is new community in Redwood City is being built now and will be ready to move into soon. Contact the sales office for an appointment to go over the floorplans and options.