1889 Bacon St Suite# 12
San Diego, CA 92107
CA DRE# 01301301
CA DRE# 01862028
How to Choose a Home
Here are some tips to help determine which house is best for you.
Once you have settled on a couple of preferred neighborhoods for your home search, it is time to pick out a few homes to view.
Consider the following when narrowing down your home search:
Determine what type of home you want to buy
There are several forms of home ownership: single-family homes, multiple-family homes, and condominiums.
Consider Resale Potential
As you look at homes, you may want to keep in mind these resale considerations:
Use a Needs and Wants List
Make a needs and wants list to clarify which features are most and least important to you when looking for a home. Using this list will keep your house hunt focused and effective.
Use a Home Search Comparison Chart to Keep Your Observations Organized
While house hunting, it is a good idea to make notes about what you see because viewing several houses at a time can be confusing. Use a home comparison chart to help keep track of your search, organize your thoughts, and record your impressions.
Act Decisively When You Find the Right Home
Before you begin the home buying process, resolve to act promptly when you do find the right house. This is particularly important after a long search or if the house is newly listed and/or underpriced.
How to Choose a Neighborhood for Your Home Search
Narrow your home search by identifying neighborhoods that are right for you. This helps keep your search focused and efficient. We can offer neighborhood information to guide you in your search.
When evaluating a neighborhood you should investigate local conditions. Depending on your own particular needs and tastes, some of the following factors may be more important considerations than others:
The Basics of Making an Offer
A written offer is the foundation of a real estate transaction. Oral promises are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written offer. This offer not only specifies a price, but also all of the terms and conditions of the purchase. For example, if the seller offered to help with $2,000 toward your closing costs, make sure that it is included in your written offer and in the final completed contract, or you will not have grounds for collecting it later.
We will help you put together a written, legally binding offer, that reflects the price as well as terms and conditions that are right for you. We will guide you through the offer, counteroffer, negotiations, and the closing process. In many states, certain disclosure laws must be
After the offer is drawn up and signed, it is usually presented to the seller by your real estate agent, by the seller's real estate agent, if that's a different agent, or often by the two together.
What is in an Offer?
The purchase offer you submit, if accepted as it stands, will become a binding sales contract (known in some areas as a purchase agreement, earnest money agreement or deposit receipt). It is important that the purchase offer contains all the items that will serve as a "blueprint for the final sale." The purchase offer includes items such as:
Contingencies - “Subject to” Clauses
If your offer says "this offer is contingent upon (or subject to) a certain event," you are saying that you will only go through with the purchase if that event occurs. Here are two common contingencies contained in a purchase offer:
You are in a strong bargaining position, (you look particularly attractive to a seller), if:
In these circumstances, you may be able to negotiate a discount from the listed price.
On the other hand, in a "hot" seller's market, if the perfect house comes on the market, you may want to offer the list price or more, to beat out other early offers.
It is very helpful to find out why the house is being sold and whether the seller is under pressure. Keep the following considerations in mind:
This is a deposit that you give when making an offer on a house. A seller is understandably suspicious of a written offer that is not accompanied by a cash deposit to show "good faith." This deposit is usually in the form of a personal check or a cashier's check. This deposit will be deposited into an escrow account only upon a fully executed contract ( buyer and seller mutually agree to all the terms of the purchase offer, the purchase offer is signed by buyer and seller). This will become part of your down payment.
The Seller's Response to Your Offer
You will have a binding contract if the seller, upon receiving your written offer, signs an acceptance just as it stands, unconditionally. The offer becomes an executed contract as soon as you are notified of acceptance. If the offer is rejected, then the seller can not later change their minds and hold you to it.
If the seller likes everything except the sales price, or the proposed closing date, or the basement pool table you want to be left with the property, you may receive a written counteroffer including the changes the seller prefers. You are then free to accept it, reject it, or even make your own counteroffer. For example, "We accept the counteroffer with the higher price, except that we still insist on having the pool table."
Each time either party makes any change in the terms, the other side is free to accept, reject or counter again. The document becomes a binding contract only when one party finally signs an unconditional acceptance of the other side's proposal.