Two more successful closings!

I’ve had a streak of closings recently, including a long-time client who I’ve worked with seven different times now. She moved to Southern California a few years ago, so this investment property in Antioch will likely be my final transaction with her. She had become a friend and a wonderful client.  Thank you, Lori, for your ongoing support and friendship.
The other closing was 1944 Eagle Peak in Clayton and it was referred to me by a past client. Thank you, Jeff!
The pictures below are of a beautiful home that was my client’s respite. They remodeled it to their tastes and, in addition, it was an end unit overlooking Oakhurst golf course; a very peaceful setting.
Check out my client’s review:
My clients David and Nancy are getting ready to retire and move closer to their kids. The couple from Dublin wanted to live closer to their grandchildren in Clayton. They had a condo to sell in Dublin, thus it was a contingent offer that went smoothly and quickly. All parties were happy! As you can see from these pictures, they purchased a beautiful home with rolling hills beyond their back fences. The hardwood floors and sleepy gray/clean white theme throughout complement the peaceful backyard and the cozy bedrooms. I love a happy end to a real estate experience and connecting with wonderful people who I truly like. Give me a call to see what your real estate story could become.

The first-time buyer’s guide to real estate

Jim McKinley wrote a blog that I’ve made slight edits to below. Let me know what you think!

Buying your first home is exciting, but it can also be full of confusion, fear, and apprehension. After all, buying a home is a huge commitment, and if you’ve never done it before, there can be a lot of questions. However, by getting informed and preparing yourself appropriately, you can avoid many of the common pitfalls of buying your first home and step into this new stage of your life with confidence. To help everything go as smoothly as possible, follow these tips and tricks.

Get your Finances in Order

Many people might assume that it is time to become a homeowner based on their life situation, such as recently landing a well-paying job. However, no matter where you are at in your life, it takes quite a bit of financial preparation to correctly prepare for buying a house. First and foremost, you need to ensure that you have a solid budget. Some people might encourage you to put this off until after you buy your house, but your budget is an indispensable tool to figure out how much home you can afford. Secondly, save up a reasonable down payment. According to the Motley Fool, squeezing out enough money for a down payment might require a lot of expense cutting. We recommend using a savings calculator to help you figure out how much you’ll need to save each month.

Get Pre-Approved

Before you even begin to look at houses, go to some lenders to get pre-approved for a mortgage. This is not as scary as it might sound and can take a lot off your plate later. To be approved for a mortgage, the lender considers your credit score, how much you make, the amount you put down and your debt-to-income ratio, among other things. There are many different financing options available and a good lender will advise you accordingly.

Find a Great Agent

A good real estate agent can provide you with huge benefits when it comes to looking for your home. The housing market and lingo can be confusing. When you work with a real estate agent, they can advise you on how to write the best offer and discuss the current market so you can focus your energy on searching for a home. According to The Balance, an agent is a great asset; they can ask questions for you and obtain disclosures. Real estate agents are particularly helpful for first-time homebuyers who might not be aware of the home-buying process and a good referral source for reputable lenders.

View Houses in Your Area

Now that you have all the preliminary work squared away, it’s time to start looking at houses. Preferably, you’ll want your real estate agent to set up showings based on your criteria. Your agent can point things out that you might have missed and help gauge whether the home is listed for a good price.

Image result for house for saleNegotiate your Closing Costs

Once you find your perfect house, you need to close the deal. There are fees tacked on to buying a home called closing costs. Everything from lender fees, title insurance to title search fees. To the average person, these can begin to sound like a second language. You can shop a rate, but many lenders will quote you the lowest rate of the month, because until you lock in a rate, it is a moving target. Look to reviews and potentially how smooth your closing will go. Review your Loan Estimate closely and ask about all fees you do not understand. Once you understand everything, negotiate with your lender for lower fees.

Move

Give yourself more than enough time to pack and move to prevent yourself from rushing. If you hate packing, you might even want to consider hiring a moving agency. If you have children, you might drop them off at a family member’s house to give yourself a couple hours of uninterrupted packing.

Home buying is an exciting, nerve-wracking process. By following these steps (and hiring the right lender and agent), your can home-buying process will be a lot smoother.

Congratulations to Mckenzie!

I recently closed a home for my client, Mckenzie. She currently lives in the city and will be moving to Clayton. Thus, we met at the Legion of Honor to see the Monet exhibit, celebrate her closing and give her the house key, as seen below.

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IMG_1020The tenant doesn’t leave for another six weeks so this was a great way to celebrate and she was very happy to have closed! The process became a bit stressful as the family wanted to use their local bank in the valley, and the parents were co-signing. However, this bank was primarily an AG bank and did not close on very many condos.

Buyers rarely understand at the onset what a difference a great lender can make and the lasting experience everyone involved will have. If it is a great experience, the impression is minimal, but when it is not so great, it can become one of your worst nightmares. This ultimately ended well because of the family’s relationship with the local bank, yet, we still needed an eight-day loan contingency extension (but only closed four days late).

If you want to be the next client who buys or sells a property with me, I will help you navigate the process to a successful close! Just reach out at www.kristinlanham.com or call me direct at (925) 899-7123.