A few things to think about. knowing when to buy. Its hard to know when you reach the bottom untill prices start to go up. So why dont you get prequalified to see what you can afford comfortably. As long as you can afford the home, you find something you really like jump in before prices go up. I am a realtor in the area. Some areas are starting to see multiple offers.
You want to make sure also that the realtor you get will represent you. I am selling a home in Pleasanton now that the realtor didnt do that great of a job in representing the buyer. the realtor didnt go over the inspections, the home owner had $50k in foundations issues that wasnt disclosed the homeowner new about it and now we may have to litigate. So, dont worry too much about it this is at the bottom because what you really need to buy is something in your price range that you can afford with a loan that is good for you.
I am happy to answer other quesitons. Have you been prequalified. When you talk to loan officers things to ask, is this the best interest rate I qualify for? what is the yield spread premium? (that means the loan officer is getting paid on the back end from the lender on your loan. Also, do you want a no cost loan or do you want to pay down a point to get a lower interest rate. Ask questions. I have looked at clients closing statements to see that they have paid unbelieveable fees and junk fees.
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