Steps Start to Finish When Buying Your Home

1. Assess Your Financial Situation and Future Goals

California's real estate market is ever-changing. Before you dive in, understand your financial health. Your credit score matters; improve it if needed. Buy within your means but seize opportunities.

2. Determine How Much You Can Afford

California living isn't cheap, but tools like affordability calculators can help. Explore options like down payment assistance programs for first-time buyers.

3. Research Special Programs for Down Payment Assistance

California offers programs like GSFA and CalHFA for down payment help. Check if your city has additional options. Contact them for details. Determine which Down Payment Assistance Programs you qualify for here!

4. Shop for a Mortgage and Get Preapproved

Different loans, like conventional, jumbo, FHA, and VA, have varying requirements. Shop around for lenders and mortgage types. Get preapproved quickly.

5. Research the Market

Understand California's diverse regions and their market conditions. Consider factors like home prices, days on market, schools, and potential hazards.

6. Find a Local Agent

Partner with a local agent who knows your desired neighborhood inside out. They'll guide you through the emotional rollercoaster of homebuying.

7. Start the House Hunt in Earnest

Make a list of must-haves and compromises. Act swiftly in this competitive market. Know where to stand firm and where to flex.

8. Make a Strong Offer

Your offer isn't just about price. Consider contingencies and strategies based on the market type. Explore VA and CalHFA loans if applicable.

9. Send Your Earnest Money Deposit

Show your commitment with a higher earnest money deposit. It can strengthen your offer.

10. Order Inspections and Get an Appraisal

Inspections ensure your prospective home's condition. An appraisal validates its value. Both are crucial steps in the process.

11. Shop for Homeowners and Specialty Hazard Insurance

Homeowners insurance is essential, but in high-risk areas, consider specialty hazard insurance for events like earthquakes and wildfires.

12. Negotiate Repairs

If inspection uncovers issues, negotiate repairs or credits with the seller. In a cooling market, they may be more open to it.

13. Order a Title Search

Ensure a clean title with a thorough title search. The seller must clear any issues before you take ownership.

14. Final Walkthrough

Verify repairs and the home's condition in a final walkthrough. Ensure everything meets your expectations.

15. Close on Your New Home

Sign closing documents, wire your down payment, and receive your keys. Congratulations on your new California home!

Navigating California's real estate market requires knowledge and a reliable agent. Use our Agent Matching Tool to find the perfect partner for your journey.