What should I do before buying a house in California?
To make buying a house in California as straightforward as possible, Prepare a checklist for Getting Ready to Buy Real Estate in California:
1. Calculate your monthly income and debt.
2. Check your FICO Score.
3. Figure Out What You Can Afford as a Down Payment and for a Mortgage (Price Range).
4. Get Pre-approved for a mortgage. Make sure to shop for the best interest rate by speaking to at least three lenders.
5. Determine What You Need.
- Acceptable Locations
- Type of Residence (Single Family, Loft, Condo, Townhome, Duplex, Etc.)
- Square Feet
- Number of Bedrooms and Bathrooms
- Amenities
6. Research Your Preferred Locations (Schools, Crime Rate, Zoning, Neighbors, Etc.).
7. Find an Agent that intimately knows your preferred neighborhood.
- Never rely on, or use, the seller's agent. Absolutely make sure you have your own agent
- Consider having an attorney review your documents BEFORE you sign. Agents are interested in their commission, not ensuring you get the best deal
8. If you are buying a foreclosed home, or a bank owned home, check for property liens with both your county's property assessor's office and the county records.
