How To Buy A House In The Bay Area - Do these 3 things!

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In today's video I give you three key things that you need to know in order to buy a house in the Bay Area.

Over the last decade, the Bay Area has become an extremely expensive place to live in. Often times a lot of the younger generations are finding it difficult to be able to afford a house in the Bay or Silicon Valley. I believe I can help a little bit with sharing what I know.

It is very difficult but you can make buying a house in the Bay Area a little easier with a plan, hard work, and discipline.

Here are my main tips:

1. Plan Financing and execute! In order to be able to buy a house in the bay area, you need to sit down with your partner (or yourself) and plan out how much are you willing to spend on a mortgage, and what is your monthly budget for a house payment. It is important to know that you need to save money for a down payment this is where the planning and discipline come in. Figure out if you will come up with 5, 10, 20 percent down payment. To give you an idea, the average down payment in Santa Clara County is around $148,000.

2. Home Search Process! Once you figure out financing you want to think and do the home search process. In order to buy a house in the Bay, and before you start looking at homes, you need to be pre-qualified by a lender. You want to make sure you are pre-qualified before you look at homes or else you will miss out on a house you really liked because you were not prepared to make an offer. Talk to your realtor for any off market listings in their brokerage that you won't find online!

3. Make an offer with your Realtor! Once you find the house you want, make an offer and negotiate until it gets accepted. Once you are here the process is fairly smooth. You will go through escrow, inspections, appraisal, loan funding, and you will be able to close on your home in the bay area!

Something I mention in the video is the idea of a starter home. This is IMPORTANT to think about. You may not be able to afford the house you really want just yet, but getting in a home in the bay area still has far more benefits than renting. You can buy something were it might not be a 10 but a 6 or 7. This way you can build some equity in the short term and eventually sell to use the equity for a down payment to buy a house that is a 9 or a 10.

As always, thank you for watching. Let me know if there is anything I can do for you now or in the future. Cesar Yanez CA BRE 02062535
#bayarearealestate #bayareahomes #siliconvalley

QUESTION -If and when you bought a home in the bay area, was it a starter home or were you able to buy what you were looking for? Let me know in the comments!

Summary: In this video you will learn how to buy a house in the bay area, how to buy a house in silicon valley, and how to buy a house in ca. Whether its bay area housing or housing elsewhere these are helpful tips on how to execute the home buying process.

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