Found 4 blog entries tagged as Home Financing.

  As soon as you decide that you would like to begin to look for your new Piedmont or Oakland home, you should take steps to get your loan financing in place.  In many areas of the East Bay, the competition for homes and condominiums is very high. As a result, you need to be ready to make a offer immediately upon finding your ideal home to avoid losing out to other bidders.  What do you need to know about your financing options?

1. Being Pre-Qualified By A Lender-This is a first step in the mortgage process, but an important one.  You will be asked to provide your lender with your basic financial status.  You would inform them about your debt, your income, and your assets.  It allows the lender to review your situation, and give you a general…

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If you and your family have a serious intent to purchase a new Oakland or Piedmont home this year, it is especially important to have an efficient plan in place, since you will be competing, in some neighborhoods, in a marketplace with very limited housing stock to work with, so your competition may be challenging.  

Here are some steps to take to place yourself in the best possible position to be considered immediately by sellers:

1. Before You Begin Your Search--Be very clear about your needs from the outset. Be specific as to what you must have, and what you can waive when viewing a potential home.  What things are the most important to your family, and thus nonstarters, and what would be nice, but not mandatory?   

2. Know Your Financial…

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If it is important to you to sell your Oakland home quickly in this slower economy, there are many things that you can do to engage a buyer into considering your home first over the competition.  Most of the suggestions revolve around some form of financial reward. If you are in a financial position to do one or more of these things, you may be pleased at the response. While this is by no means a complete list, it provides some ideas.

A Few Ideas to Consider In Motivating an Interested Buyer:

a. Offer to Pay the Closing Costs: Closing costs are all the fees associated with the purchase of the home.  Fees are assessed by the escrow company, the lender, the county, etc..  While it is traditional for you, as the seller, to purchase title insurance on…

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In Part 1, we talked about making sure that your financial offer was strong and attractive. 

In Part 2, we will talk about the issues that will develop in buying your Piedmont home, and how to deal with them--that is, dealing with contingencies.  Together, we will spend time, before submitting the offer, deciding what will be the shortest and simplest list of contingencies that would be acceptable to you, and potentially, to the seller.

Sellers want to move on with their lives once they make the decision to place their house on the market.  Quite often, they will need the money from the sale to assure the funds for the purchase of the new house that they have selected.  As a result, if they have a choice between an offer with a long list of…

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