When you’re looking for a home, you should know about the buying process and how to protect your investment. Asking critical questions can make a huge difference in finding your dream home in the highly coveted Bay Area. A handy tool is our first time home buyer guide which you can refer to when you register with us at: www.thejteamsellshomes.com. This guide is very useful but the buyer process involves much more than just the square footage of the kitchen or the lot size of the home. Although these inquiries are completely valid, you’ll also want to know how to go about the actual transaction. Here’s a guide that we’ve put together at the J-Team to let you know the kinds of things you should be asking about.
What are my inspection options?
You should always ask about the various inspections available, their cost, and who pays for them. Remember, everything is negotiable in real estate; however you want to make sure you as a buyer pay for the inspections. In most cases, the buyer does pay for all inspections. Your real estate agent should know all the available options and should be able to assess which ones are suitable for your prospective new home. For example, you might need pest inspections to reveal if you have any damage from termites or other insects. I initially recommend having a home and termite inspection to most of my buyers.
How does the appraisal process work?
Understanding how the appraisal process works keeps you well-informed of all your options. If your deal is carried out in cash —and note that cash purchases are very common in Fremont these days— then no appraisal is necessary. Financing, however, always requires an appraisal. Moreover, home prices have relatively held their value in certain parts of Fremont such as Mission San Jose, Mission Hills, Ardenwood and Warm Springs areas.
How much should I offer?
Inquiring about how much you should offer will help you have a better idea of the current market values and what you will need to budget in order to get your dream home. While only you can ultimately determine your offer price, your real estate agent can provide parameters and offer pertinent advice that can help you make the right decision. There’s a delicate balance in Fremont between the demands of a rising market and the boundaries of what will prevail through an appraisal.
How long is the timeline for transaction?
The timeline for a typical real estate transaction is 30 to 45 days, but your real estate agent will be able to let you know if the details of your transaction will lengthen the timeframe or shorten it. It’s great to have all the questions to ask when buying a home — and even better to have a team by your side that can help you get the right answers!
Call The J-Team at (510) 505-5587 for a free consultation. We’re here to answer all your questions. You can reach us by email at: Janki@thejteam.biz, or visit our websites at: www.thejteamsellshomes.com and www.jankisellshomes.us.
Our Mission is to provide the best service possible whether you are a buyer or a seller. We are here to help you with finding your dream home or selling your home for maximum net profit.
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