BUYING A HOME

Navigating Today's Real Estate Market In San Francisco & Marin

 

Angelo Cosentino, Realtor in San Francisco, Sausalito, Mill Valley, Corte Madera, Larkspur, Tiburon, Belvedere, Kentfield, Greenbrae, Ross, San Anselmo, Fairfax, and Novato.

 

 

"When buying a home, it can be quite an endeavor. You will undoubtedly have many questions along the way. Working with an experienced Realtor® can help expedite the process, cost you less, and get you more what you want."  

 

 

 

Why use Angelo's team at McGuire Real Estate to represent you in your next home purchase?

  • Experienced: Offering over 16 years San Francisco and Marin Real Estate experience
  • Connected: Full time agent immersed in the local real estate community with knowledge of off-market homes and CleanOffer portal for buyers
  • Service with Results:  Step-by-step assistance, helping you purchase property for the lowest possible price and under the best terms
  • Knowledgeable:  Expert area knowledge - native San Franciscan and current Marin resident
  • Caring: 94% of Angelo's business is introduced to him by my prior clients and other Realtors®. Quality service is the cornerstone of his business

 

REQUEST JUST LISTED ALERTS  Get up-to-the-minute San Francisco / Marin homes for sale matching your home search criteria delivered to you via email.

 


BUYING A HOME

 

 

1. Getting Started 


The first time we meet, we will discuss what you are looking for, what your price range is, and what your financing options are. I will answer any questions you may have and discuss what to expect during the process. Things to consider:     

  • Why do you want to buy? (Are you moving from a rental or selling your current home? Do you have a change of lifestyle or changing family needs like kids and schools, or in-laws, or downsizing? Do you want a place to call your own? Do you need to exchange a property? Are you building your estate?)
  • What is your timing?
  • Which home is right for you? Things to consider: Price, age and condition, size and configuration, ease of living, style/design, location, commute, resale potential, features/amenities. How do you prioritize these characteristics?
  • What type of financing will you use? (Lender provided, seller financing, family money.)
  • Where will your down payment funds come from? (Bank or investment account(s) and/or family money.) These funds will need to be verified and accessible.


2. Obtaining Loan Pre-Approval

Before viewing homes, you will need to get pre-approved for a loan with a reputable lender. We will review different mortgage options, costs, and find the best financing option for you. Your lender is a valuable partner during the buying process. Once you have chosen a lender, you will complete the loan application process and obtain a pre-approval letter. Your pre-approval letter demonstrates your financial strength and will enable you to make an offer on a property. Things to consider:  

  • You can meet with as many lenders as you like and get several pre-approvals, but each approval requires a credit check that will appear on your future credit reports.
  • Mortgages may be obtained from mortgage bankers, mortgage brokers, savings and loans, mutual savings banks, commercial banks, insurance companies, credit unions, and Realtors.
  • Using a skilled mortgage broker is important and will help facilitate the transaction and ensure that it happens in a timely manner.
  • I have a list of preferred mortgage brokers that I work with all the time. They offer competitive programs that deliver excellent rates and terms. I will share these options with you.


 3. Looking At Properties

We will work together to target your home/property search based on the characteristics you are looking for (location, desirable features, affordability, etc…). I will discuss current listings in preferred markets, and share information about different neighborhoods and communities that interest you. Based on your search criteria, you will receive auto emails with property listings that match your criteria. You will also have direct access to the MLS to search properties anytime. I will share my insights and recommend properties as we go. I will schedule immediate showings of properties for touring. The best way to understand what is on the market and pricing is to visit homes and see what they feel like when you’re inside them. We will do this and take notes on what you see and like. Click to search properties in San Francisco and Marin Counties.


4. Choosing A Property

Once you have found a home/property that you like, you may want to ask yourself the following questions:  

  • Do I love it?
  • Can I afford it? (Are you comfortable with the monthly payments? Is the down payment something I can manage? Does the house need repairs? What are the general maintenance costs for this particular property? (Does it have ornamental trees that need annual pruning? Does it have a swimming pool? Etc…)
  • Is the house the right size? Is it comfortable with good heating/AC?
  • How long do I anticipate owning this home?

I will help you visualize small upgrades for this property that will make it more suitable for you, and increase its utility and value. We will review market values based on current local/market conditions, and I will provide cost information for property taxes and estimated utility costs. You will have a full understanding of the costs and have a good idea if this is the right home for you.


5. Making An Offer 

Once you have found the right home, we will prepare and present a competitive offer based on my experience and knowledge of the current local market, your purchasing power, and any other related knowledge we have. The purchase contract will include: Your offer price, the date of closing, and any contingencies (inspections, mortgage, etc…). Your pre-approval letter will be attached. Also included with this offer will be a personal letter from you, the buyer, to the seller expressing why you want this particular home (I will help you with this, and I have sample letters). These documents will be presented to the listing agent/seller. We may go back and forth negotiating terms and conditions, and present counter offer(s). The final offer that is acceptable, to both the buyer and seller, will be signed (ratified offer). Once the offer is ratified, you will be required to put down earnest money to meet the contractual obligation. Things to consider:  

  • How much do we offer?
  • Which inspections do we need? Inspections are common when buying a home. This is an opportunity to determine the overall condition of the property you are interested in.
  • I can provide you with a list of qualified inspection companies.
  • Buyers (and sellers) need to be very available during the negotiation process given short turn around times.

Angelo Cosentino, Realtor advices home buyers to be present at their home inspection and learn as much about their new home as they can.

6. Becoming An Owner

After the offer has been accepted, I will guide you through the purchase process.

  • Property inspections are completed at this time. It is a great opportunity to examine the property in depth and ask questions and learn as much about the property as possible.
  • Mortgage papers get finalized.
  • All contingencies are removed.
  • You will need to purchase home owners insurance. There are various types of insurance to protect homeowners in the event of a catastrophe. Lenders require insurance. I have contacts for reputable home insurance companies if needed.
  • Home warranties are optional and may cover things like plumbing, roofs, wiring, etc…. I recommend purchasing a home warranty for the first year and then re-evaluating your needs for the longer term.
  • We will conduct a final walk through of the property.
  • There are several common ways to take title for your new property. Individuals, as a sole owner or a co-ownership, can hold property. Whether it’s sole ownership or co-ownership, there are variations within each type of ownership for how title may be held. We will review the advantages and limitations of these vesting options together. Contact me at (415) 298.9171 for additional information about vesting options in California.
  • Prior to closing, we will ensure the utilities (water, gas, electric, etc…) are transferred into your name and also ensure uninterrupted service (if desired).
  • The deed and closing papers are reviewed and signed off at the title company. I will be there to answer questions and ensure accuracy, as the title officer walks you through the signing process.


7. Congratulations! What’s Next?Buying a Home | Angelo Cosentino, Realtor in San Francisco, Sausalito, Mill Valley, Corte Madera, Larkspur, Tiburon, Belvedere, Kentfield, Greenbrae, Ross, San Anselmo, Fairfax, and Novato.

You are now a new property owner! You will have the keys to your new home. I will provide you with a helpful moving checklist and also be there to answer any questions. I am always available to help you with local resources.

  • All the paperwork you received at the closing – Keep it safe and plan to use it during tax time.
  • You will receive your deed by way of mail.
  • Maintain fire, theft and liability insurance based on the current price of your home.
  • I will check back in with you now and then, and please contact me with any questions.
  • One year check-in meeting.
  • Enjoy your new home!