Congratulations! You have decided to purchase a home, or are thinking about buying one. You’ll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
Consider this your home buyer’s toolkit. Open it up, take a look around, and if you like, start equipping yourself with the tools necessary to make your best purchase. In most businesses, knowledge equals power, and real estate is certainly no exception. We hope you enjoy the articles we’ve provided, and we hope you learn a little more about what it takes to make your important purchase a great one.
The real estate market in Redding is certainly ever-changing especially with distress sales such as REO’s (real estate owned by the bank or “REPO’s/foreclosures) and short sales (homes needing to be sold for less than what is owed on them). We know that all of the information can be overwhelming and want to remind you that WE CAN HELP! Our experienced team of multi-million dollar producers have been long-term residents of the Northern California and know our local market.
Whether buying your first home or an investment properties our experience can help from finding a lender to understanding the buying process!
Some key elements of the buying process include:
- Finding the right lender/loan program
- Learning about the homebuying process
- Searching for homes
- Writing your offer (understanding contingencies)
- Understanding disclosures
- Completing your inspections
- Close of escrow