Real Estate Dorota Dyman

Tips To Manage Home Buying StressIf 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.Establish Your BudgetBefore setting out to make an offer on a home, you need to know how much you can afford to spend. Each buyer’s 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.Keeping your budget firmly in mind helps ensure your home, perhaps your largest investment, remains secure. Defining That “Perfect” HomeOnce you understand your buying power, it’s 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. You’ve 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 you’d 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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