Real Estate Dorota Dyman & Associates Blog: Tips To Manage Home Buying Stress

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Tips To Manage Home Buying Stress
Real Estate Dorota Dyman Associates Blog
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Create Your Vision Oftentimes we find a home
that will meet our needs, but it takes vision to
personalize it. What is your vision for your
perfect home?
If you are considering buying a home in Gilroy,
Morgan Hill or San Martin this year, there are
steps you can take to make your experience more
enjoyable. Be sure to reach out to trusted
professionals whenever you have questions.
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Establish Your Budget   Before setting out to
make an offer on a home, you need to know how
much you can afford to spend. Each buyers
situation is different and the financing method
you use will depend on your circumstance.   If
you plan on paying cash, you will need to show
proof of funds with a statement of account from
your financial institution. Another common method
of finance in South County is using the proceeds
of your existing home sale to purchase a
replacement home, sometimes referred to as a
contingency. If you will rely on a purchase
assist loan, you will need to be preapproved by a
lender in addition to having proof of funds
showing your deposit and closing moneys. With
the recent implementation of Qualified Mortgage
(QM) rules, some buyers are finding they need to
reconfirm their borrowing status.
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Keeping your budget firmly in mind helps ensure
your home, perhaps your largest investment,
remains secure.   Defining That Perfect
Home   Once you understand your buying power,
its time to start looking for your home.
Structures are human made and therefore
imperfect, but they can be perfect for you once
you embrace them as your own. Youve likely
created a minimum criteria of how much space you
need, but have you thought about what makes it
special?   Consider making a list of pros and
pros, both being positive as opposed to the pros
and cons list you may have tried in the past.
Jot down what you love about your current home as
well as what youd love in your new home. If you
initially focus only on the positive aspects of a
situation, you may zero in on what you truly love
the most. Those items should form the critical
criteria to keep in mind when you view homes.
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Avoiding Burn-Out   No doubt youve begun looking
on the internet for homes perhaps youve also
gone to some open houses. Selecting a local real
estate agent to help you is an important step
early in the process. Why? You want to make
sure your decision is based on accurate and
current information for the area youre looking.
Theres an incredible amount of information
available, both good and bad, and its possible
to get discouraged or form the wrong
conclusion.   How do you keep energized while
shopping for your home?
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Communicate with your real estate agent. Ask
questions and get details about how the market is
progressing in the area and for the type of home
you seek.Keep your proof of funds documentation
and lender preapproval (if applicable) current so
you're ready to make an offer.Think positively
there is always a housing market and it may take
time to find the right fit for you.Mind your
health get plenty of sleep and eat well to keep
your strength up.Take a few days off without
looking take part in an activity that recharges
you for the search ahead.Be open to suggestions
which may be slightly out of your initial
selection criteria, they may lead to a great
result.  
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Once you have found the ideal home, your real
estate agent will present your offer for
consideration by the seller. Each step youve
taken in preparation increases your opportunity
for acceptance.   Oftentimes we find a home that
will meet our needs, but it takes vision to
personalize it. What is your vision for your
perfect home?   As always, lets foresee the
possibilities . . . and get results! Check my
Source http//www.gilroydispatch.com/blogs/real
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