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BUYERS – THE PURCHASE PROCESS
Purchasing a home is typically one of the largest, most complicated and most emotional financial transactions of one’s life. Not only will you be looking for a new home appropriate for you, but you’re also making an important investment while creating a significant asset. There is a lot at stake, and we are equipped with deep experience in the San Francisco real estate market, and committed to guiding you expertly through the process and representing your best interests at every step. That is the fiduciary duty we take very seriously.

From the moment we begin working with you – we focus on you and your goals.

Our San Francisco Market is a unique and very competitive marketplace for buyers, therefore, making the right offer is perhaps the most important element of the purchase process. We take pride in addressing all your questions, and in presenting our clients as informed, qualified purchasers who are looking for that special property. With many years of successful negotiations, and a stellar reputation amongst our peers, we know how to package your offer as that “well wrapped gift to the seller”, to achieve a winner position in the purchase process.

Our Initial Meeting – How to Begin …

Before even starting the search, we suggest you make a list of your most important criteria for the new home – you frame your needs and desires, so we can focus on helping you get the property you are looking for. Then we will meet to discuss your timeline, price range, needs, preferences, special circumstances, and other purchase parameters for the property that will best suit you, your lifestyle and goals. We’ll review options in property type, architectural style, neighborhood, amenities, and financing – all of which will get further refined once the search process begins. We’ll review current market conditions and trends, and how they will affect your search. We’ll go over how we can help you best, how we can work together most effectively, and the things that you’ll need to do to make the process successful. And then we plot a course forward.

Your Financing Options

In today’s fast moving real estate market, it is critical to arrange financing before you find the home you want to make an offer on. Your home search should begin with obtaining formal loan pre-approval – so that you fully understand your financing options, what you can reasonably afford, and what your closing costs and ongoing housing expenses will be. Furthermore, a lender pre-approval letter from a seasoned professional significantly strengthens your position when it is time to make your purchase offer to the Seller. We will put you in contact with our respected local mortgage professionals to complete the pre-approval process, to ensure your offer is presented in the most favorable position to put you into the winner circle. If you want to present yourself as a winner, contact us for Free Consultation

Find The Property That Meets Your Primary Needs

Without question – our local real estate market is competitive, fast paced, and challenging. The media tends to sensationalize market conditions, often setting false expectations and steering buyers and sellers from the market. Don’t let what you read and hear hinder your opportunity to move forward. A famous actor we all know said – “The only failure is not to try.” George Clooney. I’ve witnessed many market fluctuations over the last 30 years, and one thing that remains constant – the primary forces of supply/demand have controlled our market for years and will continue to do so. As you consider an investment in our glorious City by the Bay, and begin comparing properties, one thing to always keep in mind is that our local market values are property/neighborhood specific. Having an experienced advocate to shepherd you through the detail and provide honest, reality-driven goals to successfully navigate our local market, and identify properties for you to consider is what we love to do best. If this sounds good to you, let’s set up a time to discuss what you are looking for, so we can steer you to a path to help you realize your dreams. In the meantime, if you need more info on the market, current properties available, the neighborhoods, and the process, please explore my site. I invite you to sign up for our newsletter, as it is free and contains valuable information on our local market.

The Offer Process

Offer Price

When you find a home you want to make an offer on, the most important point to developing a competitive offer is determining the price you will offer. This price should take into consideration market value, which is a value based on what others are willing to pay for a similar property under similar market conditions. As your agent, we will provide you with important information regarding the level of sales activity in the neighborhood and recent selling prices for similar homes. In addition to what is going on in the market, you are a factor in determining market value. The most important question to answer is: “What is this home worth to you?”

Ratified Deal

Once you have made an offer, with an earnest money deposit, and the seller has accepted it in writing, you have what is called a “ratified deal”. Getting to a ratified deal may involve an offer and any number of counter-offers, if the seller does not simply accept your original offer. We strive to present you as a buyer the seller wants to accept in the initial offer presentation, as you may only get one chance, and counter offers should never be expected.

Escrow Process

During the escrow process, the buyer and the seller will be performing all the requirements under the purchase contract. These may include arranging the actual loan for your purchase, getting a pest inspection and a contractor inspection, reviewing disclosure documents and releasing contingencies, among other things. As your real estate professional, we will help you navigate through this involved process, making sure all parties meet all critical deadlines and explaining each step of the process to you.

Closing Escrow

The escrow process ends when all conditions to closing, as specified in the purchase contracts and through joint instructions of the buyer and seller, have been successfully completed. This includes loan funding and payment of any balance you have outstanding towards your down payment and closing costs. Typically, you will meet with the title officer to sign all the necessary documents to secure loan funding and close the transaction within a few days of the funding date. Escrow closes when money is successfully transferred from buyer to seller and the title officer records your purchase in county records. Then – you get the keys! Here’s an overview of the Home Buying Process: With the right Realtor in your corner, home buying can be a smooth and understandable process. Honest, straightforward counsel; professional expertise; in-depth market knowledge, and an uncompromising commitment to our clients constitute the foundation of our service. You can rest assured that you will receive the utmost care, attention, hard work, and professionalism. We love what we do and our success is entirely dependent upon your satisfaction. We promise unparalleled service and the highest ethical standards. Once we begin working together – we consider you a “Client for Life” and look forward to a long-term relationship with you and your friends. Thanks for giving us the opportunity to be your trusted advisor.  

Home Is Where The Is – Let us take you home!