House buying steps- Get Loan Pre-approval: This is a letter from your lender showing how much you are qualified for the mortgage loan. You need to show the following materials to get the pre-approval letter: W-2 (Past two years); Bank statement (60-90 days); Pay Stubs (60-90 days); Address(s) of the past 2-5 years; Social Security Numbers of all the buyers; List of debts; List of assets.
However, this is not a guarantee. You still need to get your loan for the house.
- Select a real estate agent.
- List the features of the house. Separate the must-have from Nice to have.
- Research available houses. - Online and recommendations from the agent.
- Make an offer to the house you like with the earnest money ready (1-3% of offer).
- If accepted, perform the schedule events (inspection, loan, etc)
- Close the deal
Home Search
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to search your home.
Cost: (Some charges are different depending upon the county [San Mateo, Santa Clara, etc])