your home buying questions answered
For answers to any other questions or more detailed explanations feel free to call/message me directly at 510.754.85627
Buying makes sense when you have stable income, manageable debt, and enough savings for the down payment + closing costs. I can help you run the
numbers to see if now is the right move.
It depends on the loan type, property price, and your goals. Some loans allow
as little as 3.5% down, and closing costs typically range from 2–3%. We’ll
look at all your options.
Not at all. Many buyers purchase with mid-range credit scores. Higher scores
help with interest rates, but there are programs for every situation. Let’s see
what makes the most sense for you.
Yes. A pre-approval tells you your true budget, gives you a competitive edge
and helps us shop with confidence. In the Bay Area, sellers want to see that
you’re serious and qualified. A pre-approval gets sent with the offer and puts
you in a strong position.
2. The Home Search
Some buyers find “the one” in a week, others take more than a couple
months — both are normal. Inventory, timing, and your wishlist all play a
part. My job is to guide you through it without rushing the decision.
Yes — especially in the Bay Area. Aside from the new law that mandates a
written agreement between the buyer and their agent outlining their working
relationship. A strong buyer’s agent protects your money, finds opportunities
you can’t see online, negotiates hard, and helps avoid costly mistakes.
Buyers are able to ask the sellers to pay for their agent fee in most cases
through the purchase agreement, so it’s a smart advantage.
Focus on layout, natural light, neighborhood, and red flags like cracks, odors,
or major wear and tear. I’ll help spot things most buyers miss.
There’s no magic number. Some buyers know instantly; others need time.
The goal is clarity, not rushing. I support whichever pace feels right to you.
3. Making an offer
Your offer should be based on comparable sales, condition, days on market,
and competition. I’ll give you a clear strategy so you’re making a smart offer
without feeling pressured to overpay.
We strategize —sometimes it’s price, sometimes it’s terms, sometimes it’s
structure. The goal is to stay competitive without overpaying.
In the Bay Area typical initial deposit is 3% of the purchase price. This shows
the sellers that if they pick your offer you are serious and ready to move
forward. It goes toward your down payment or closing costs.
Yes, but in order to reduce the risk of paying liquidated damages certain
contingencies (inspection, appraisal, loan, disclosures) still need to be at
play. Once contingencies are removed, backing out may cost you your
deposit (liquidated damages). I guide you through and explain each step
safely
4. Inseptions, Appraisals & Escrow
Yes, is it highly recommended. Even newer homes can have hidden issues.
Inspections protect you and help you understand the home’s true condition
before you commit.
We can renegotiate, challenge the appraisal, or adjust loan terms. You won’t
be alone — this is common in competitive markets and I will help you
navigate the best outcome. There are also ways I help you before placing the
offer so you have a pretty good idea how high the risk actually is of the home
not appraising at the offer price.
Most escrows in the Bay Area run 21–30 days. Some are faster, some slower,
depending on loan type and circumstances. Cash offers can close in as little
as 7-15 days. I stay on top of timelines so everything moves smoothly.
Escrow is a neutral third party that holds funds, manages paperwork, ensures
deadlines are met, and protects both buyer and seller until closing.
5. Financing & Costs
Closing costs usually run 2–3% of the purchase price and include lender fees,
title, escrow, and prepaid taxes/insurance. I’ll make sure you know exactly
what to expect ahead of time.
A pre-qualification is a quick estimate with no verification. A pre-approval is
verified by a lender with documents. Pre-approval is what sellers care about.
Common options include Conventional, FHA, VA, and jumbo loans (popular in
the Bay Area). The best loan depends on your credit, income, and goals. I
can connect you with lenders offering competitive rates and proven
reliability.
6. After you buy
You’ll receive your keys, take ownership, and start your move. I stay with you
after closing for contractor referrals, warranty support, and anything else you
need. If you work with me, you’re never on your own.