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Tiffany Razo, Realtor's Blog

By Tiffany Razo, Realtor | Agent in San Mateo County, CA
  • Home Buying Financial Plan

    Posted Under: Home Buying, Home Ownership  |  October 15, 2012 1:57 PM  |  189 views  |  2 comments

    Thinking of buying a home?


    Carefully prepare a budget in order to reach your goal of home ownership. Consider the down payment when calculating a budget but also keep in mind there are significant closing costs which include insurance, property taxes, an appraisal and very often mortgage premium insurance. In addition to the upfront costs, you need to ensure that you can afford the monthly payments.

    Be patient as you transition to life on a budget, because it takes time to make it work.


    Creating a budget is essential to good financial health!


    Be realistic with your budget based on your income & spending habits. Create and follow an action plan, stick to the budget & overcome your debt!


    List your current expenses, starting with your set bills, and unsecured debt such as mortgage, utilities, phone, cable, and insurance policies - be as specific as possible. Also include money for savings, using a separate savings account.


    Next count, record and adjust accordingly to reflect the difference between what you earn and what you spend. Plan ahead and take time once a week to make necessary changes.


    Set your financial goal. Knowing why you need a budget, will help you stick to it when you feel like spending your money on something else. Make it a clear goal like “buy a new house”. Set your timeline and keep track of your expenses. Figure ways to cut down - this can be simple, depending on how important your goal is and what you are willing to consider less of.


    Get pre-qualified with your lender and ask your lender to give you an estimate for the typical closing cost for a home in the price range you’ve been pre-qualified for. You can also use funds from your individual retirement account to cover the closing costs. This may speed up the home-buying process.


    Do some research; review the current market prices online at Realtor.com. Once you’ve identified homes that are of interest in viewing, set your thinking. Make your goal a reality.


    For more on the home buying process, contact me at your convenience.


    I look forward to providing specialized service that is best suited to help you find your dream home.


    Sincerely yours,


  • Home Buying Tips Before Signing the Purchase Contract

    Posted Under: Market Conditions in San Mateo County, Home Buying in San Mateo County, Home Ownership in San Mateo County  |  September 27, 2012 8:11 PM  |  270 views  |  No comments
    Home Buyers:

    After you've found the home you like and are ready to make an offer consider these home buying tips before signing the purchase contract.

    Research the market

    This information will give you an idea if the prices are up or down. See the number of sales and what the average listing price and median sale prices are. The more information you have, will assist you in putting together an offer and give you room at the negotiating table.


    Ask me to get data on nearby homes sold recently that are most like the one you're considering. Such as, same bedrooms and baths as your subject house, reasonably in the same condition. This search called - Comparable Market Analysis - will set your thinking of what buyers may be willing to pay for the home you like. It also depends on whether there have been substantial market changes since then. Be sure to check out these homes in person so you can fully get the true comparison.

    Test the Commute and Explore Neighborhood

    See the morning and evening commute to determine if this will be good or bad, also check if the neighborhood fits your lifestyle.

    Get an Opinion 

    Take a friend or family member along to get a second or third neutral opinion. 


    After you have considered and taken a close look at your finances, next, see how much you can afford on a home. Calculate how much you have for closing (save with me $500 back at closing) and down payment. Explore your options. Obtain a pre-approval letter from your lender for a loan. This will qualify you for a given loan amount, and also will put you in well position if you decide you do want to buy and make your home wishes a reality.

    Visit my site online and see the many tools to aid your home search. If you have further questions about the home buying process, I'm here to assist.

  • Home Seller Pre-Inspections

    Posted Under: Home Buying in San Mateo County, Home Selling in San Mateo County, Home Ownership in San Mateo County  |  September 25, 2012 11:15 AM  |  277 views  |  No comments

    Home Sellers: Before you sell, use the power of pre-inspection. Usually sellers are to disclose all known defects; it's the unknown issues that inspectors can find. Home inspection consultants can identify problems to be addressed before closing. This allows you to fix the problems before accepting an offer, and could possibly help you sell faster. Some include: Whole home inspection, pest and dry rot inspection, roof inspection, and foundation inspection.

    Be Aware: In result of a pre-inspection anyting you learn, will need to be disclosed to a potential buyer (even if you don't fix it) because of disclosure laws.

    For more home selling tips visit me online.

    Yours Truly,

  • Your Invited to Open House Today

    Posted Under: Home Buying in South San Francisco, Home Ownership in South San Francisco  |  September 23, 2012 8:24 AM  |  243 views  |  No comments
    Copy link to see flyer.

  • House Hunting Tips

    Posted Under: Quality of Life, Home Buying, How To...  |  September 16, 2012 8:25 AM  |  263 views  |  No comments

    Open Houses are a great way to see a house. Research properties you want to see and schedule your day so you hit up open houses in one area, move on to the next area and so on. Allow yourself enough time to see each home. Have your home buying checklist ready. This will help narrow your search. For more tips on the home buying process, I'm here to help. Happy House Hunting!
  • For Homebuyers - Use of Credit

    Posted Under: Home Buying, Credit Score, Home Ownership  |  September 14, 2012 12:19 PM  |  232 views  |  No comments

    For Homebuyers:

    Responsible Use of Credit

    Having credit does not mean you need to have debt. Keep your revolving account active (Visa or MasterCard for example). As a suggestion use this to pay your phone bill, or something you would already pay on a monthly basis, and then paying off the balance in full to avoid interest and finance fees on the account. This will establish a liable credit history, and build your credibility ratings. For more information on the home buying process, contact me for further details. I look forward to hearing from you.

    Yours Truly,

  • Homeownership: 5 Tips to Guide You

    Posted Under: Home Buying  |  September 12, 2012 10:37 AM  |  361 views  |  No comments

    Homeownership: Have you decided this is for you? If so, here are 5 tips to guide you.

    1. Know Your Budget (Understand what you can afford vs. how much you are qualified to buy).

    2. Familiarize yourself with the mortgage process and get pre-approved.

    3. Make a Detailed List of Your Wants and Needs (location, size, etc.).

    4. Become acquainted with your community and neighborhoods.

    5. Contact me your local real estate professional to service your needs, and deliver details of the climate in your local market.
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