Property Buyers FAQ's
Answering Your San Francisco Property Buying Questions
Buying a San Francisco property is both thrilling and a bit unnerving, particularly if you're a first-time income property buyer. Both experienced property investors and first-time buyers alike will benefit from the frequently asked questions below. Before you begin your San Francisco property search, it is recommended that you prepare yourself for the journey by educating yourself as thoroughly as possible. We're here to help you do so successfully, professionally and with ease. This will ensure you are a knowledgeable buyer prepared to make a confident buying decision.
Q - I've never purchased an investment property before. Where should I begin?
A - Actually, you've already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods, or properties would be to:
- Familiarize yourself with your personal finances.
- Learn about the San Francisco real estate market.
- Carefully review your budget and begin to eliminate as much debt as possible.
- Have a down payment and earnest money ready when the time comes to act and make your offer.
Your next step is to contact us. As your seasoned income and investment property buying specialists, we'll protect your interest and manage the details of the real estate transaction on your behalf to your complete satisfaction. For more experienced buyers, a little brush up on the real estate process wouldn't be a bad idea. Of course, you'll need a highly seasoned and market savvy San Francisco real estate team to protect your interests too.
Q - With all the bad news about mortgage products and foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?
A - Once we meet and review your finances along with your property buying needs, you should select a lending consultant. We can recommend several trusted lending professionals or you can choose your own. Having upmost confidence in your lender is important. Be sure you feel completely at ease with them. They should speak to you in easy to understand terms. Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. More and more lending professionals are recommending fixed interest rate loans and interest rates are still very attractive. Of course, the type of loan best for you depends on several factors. Here are just a few:
- How much money do you have for a down payment?
- How long do you plan to own the property?
- What are your investment goals and objectives?
- Do you qualify for a FHA or VA loan?
National Real Estate Experts are saying "The time is right to buy now" - Wall Street Journal Aug 2012
Let's Get Started. Are you ready to schedule your property buying consultation? If so, contact us and together we will review your needs and your budget to help you find the right San Francisco invesment for you.
