Getting Ready To Buy
Whether you are looking for your first home, your dream home, or an investment property, PMI San Francisco is committed to providing you with the highest quality buyer services. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the best advice, which we can provide you.
Purchasing a property is one of the biggest financial decisions you will ever make. Whether you are a first-time home buyer or an experienced investor, you must make careful decisions throughout the buying process. Below are some things to consider before you buy.
Why Are You Buying?
Are you tired of paying expensive rent, or have you outgrown your current home? Are you looking for an investment property? A clear sense of your “why” behind a new purchase will help you evaluate the right factors and choose the best property.
Are You Ready To Invest?
Property ownership has been one of the top strategies for building wealth - and still is! Whether it’s your first home and you’re building your first asset or looking for a rental property, it’s a great time to invest. Property investments are some of the most stable assets to build and don’t carry the risk like other forms of investment, such as stocks or collectibles.
Fill out the form and we will be in touch. Want immediate help? Call us at 415.849.2308 to get started now!
Other Things To Consider
Get Your Financials in Order
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability. Large purchases or loans can affect your credit and balance sheet, which can limit your buying options. Your credit score will significantly impact the type of property you can buy, your interest rate, and your overall property price. We can work with one of our preferred lenders to get an updated credit to know exactly where it stands. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian, and TransUnion. We are happy to recommend seasoned, knowledgeable lenders in the residential, construction, commercial, and investment real estate fields.
Organize Your Finances
When it's time to make an offer, you’ll want to know you’re fully prepared to close the deal. Preparing your finances is crucial to avoid delays, bidding wars, or conflicts.
- Bank accounts
- Recent pay stubs
- Check Your Credit Rating
- Financial statements
- Investments
- Tax returns for two years
- Auto and other loans
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information
Prequalify
Prequalifying for a loan will help you with the following:
- Finding the ideal price range you can afford
- Determining what your monthly payment will be
- Understanding the different loans you qualify for
- Estimating the down payment and closing costs
Get In Touch With Us
Fill out the form below and we will be in touch. Want immediate help? Call us at 415.849.2308.
Tips For Buying
Don’t Max Out Your Budget
Just because you’ve been approved for a max amount doesn't mean you should spend it all on the home's sale price. You will want to set some of that aside for closing costs, taxes, and potential home repairs or remodeling.
Get to Know the Area
Make sure the neighborhood works for you and your family - are you close to schools, and is shopping conveniently located?
Don’t Skip the Home Inspection
Inspections are worth their weight in gold and will draw attention to problems you may not otherwise see, giving you peace of mind and letting you make more informed decisions about your purchase.
Get Pre-Approved
Getting pre-approved by a lender lets the seller know you are serious and ready to purchase a home and that you are not just window shopping. Check out our list of recommended lenders here.
Make a List of Deal Breakers
Know what you can live with and cannot live without and also those things that can be taken care of with a simple remodel. If you need a four-bedroom home, don't buy one with two that requires a massive addition which can break your budget.
Look at the Age of Appliances and Other Systems
Appliances are some of the most expensive portions of the home, and you should pay particular attention to their age and whether they have required service.
Other systems to have inspected are your HVAC, water heater, and septic, if applicable. You may be able to get the seller to add a home warranty when buying.
Check For HOA Requirements
Most neighborhoods have HOAs that govern what you can and can't do - be sure you know what the rules are for your neighborhood.
Questions? Contact us!
Give us a call at 415.849.2308 or use the button below to send us a message.
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Areas We Serve
Don’t see your neighborhood? These are just a few cities and communities we offer management services to. Contact us if you don’t see yours; we are always looking to expand!
- San Francisco
- Dublin
- Walnut Creek
- Concord
- Martinez
- Brisbane
- Colma
- Daly City
- Pacifica
- San Bruno