The city of Walnut Creek is offering grants to pay for 6 months, or up to $2,500, of HOA (Home Owners Association) fees for first-time home buyers making a purchase within the city limits of Walnut Creek.
If you’re buying a house today and can’t pay for all of it with cash (as is the case for most of us), you’ll be needing to get a loan. So, you’ll be adding a loan contingency to your contract and factoring in the lender’s timeframe to your overall closing date. What does this really mean, though? Well, considering that many lenders are frantically hiring more underwriters and support people to handle the influx of loan requests for both purchases and refi’s, it implies that it will take them longer to fund each loan. They simply cannot find enough trained talent to handle the volume. As a result, “turn-times” are slower than usual. Because of this, it is essential that a home buyer understand [...]
Trying to buy a home while in the middle of a seller’s market can be a frustrating process if you’re not prepared. You have to stay on top of the new homes coming on the market every day; otherwise, you run the risk having the house sold before you even get a chance to see it. Then, once you have walked through the property, you need to make a quick decision if you want to write an offer. This is not the time to spend a few nights “sleeping on it” – you’ll sleep right through your chance. Finally, when you do walk through that perfect house and decide to move forward, your offer is going to be 1 of 5 … 10 … [...]
When it comes to residential real estate, trying to compare two properties based on their price-per-square-foot calculation is a recipe for disaster.
Bringing a stack of cash to the closing table isn’t reason enough for a seller to accept a low offer. Find out what incentives do work, though.
How low can you go? Everybody wants to get a deal. You’ve heard the stories of people buying foreclosed properties for pennies on the dollar and now you want a piece of that action, too. Well, unfortunately, there’s more myth than reality to those stories – especially here in Walnut Creek and the surrounding Contra Costa County. That’s not to say you can’t get a great deal on a house, though, because you absolutely can. When it comes to successfully making a lowball offer, two elements reign supreme: 1) the presentation of the offer and 2) the justification behind the price. If the offer is presented in a manner that offends the seller or the price is unjustified, you increase the likelihood of being [...]
It’s the moment of truth. You’ve found the house; now it’s time to make an offer. But, what do you write in as your purchase price?
Many real estate decisions are based on national & metro level news. While that info is good to know, it should not drive your immediate buying strategies.