As first time homebuyers we could not have asked for a better agent than James Haywood.
~ Christina Z
Tell me what you want, even if you think you can’t get it, tell me anyway.
The more I know about what you want, the more I can help get you what you want.
You First.
I find asking yourself a few questions is the best place to start.
What does home mean to you?
If you could take one thing attached to your current house, but can’t – what would that be?
What are you going to miss most about the area you are moving from?
What is something that you do not have in your house now that you would like?
Where do you (and/or your partner) work (location) and how will you get there?
Most important thing to you about this process?
Anything else you want me to know?
1. Financing
Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying the full price of your home in cash). I can refer you to lenders that have helped other clients and are well known to listing agents. Based on your income and credit history, the mortgage broker will determine how much a bank will lend you, which will help determine the price range for your search.
I have contacts for Lenders who understand San Francisco and our market; ask me for their contact information.
2. Agent
Select an experienced agent who you feel comfortable with and can trust. I am here to get you the best house at the best possible price and terms. Here are 3 ways I can help you get what you want:
Experience helps me counsel you on your full range of options and strategies—and the potential risks and rewards of each. I’ve created over 150 transaction success stories in all kinds of markets. Most clients find that very helpful.
Data: Statistical overviews, data charts, lists of comparable sales and market trends. I can provide the data you need to make the best decision about property value.
Negotiation: An offer is more than just a price. I endeavor to learn as much as possible about the sellers and their agent, in an effort to position your offer for success.
3. Search
Now is the time to consider your ideal home’s location and amenities. You will attend viewings and open houses spanning a range of areas and property types. Additionally, I will activate notifications for exclusive Coming Soon and Off-Market properties as they hit the market.
Preview homes: Once I understand your search, I will preview homes on Broker Tour to save you time and perhaps catch something you might have missed.
My network: I network with other agents constantly to hear what they are preparing for market or what they might have heard about. I keep your peramitier in mind and will try to get you to properties not yet on the market.
Next Steps:
Let me Help:
On Negotiation
Buyer Quick Tips
FAQs
When is a good time to buy?
San Francisco has two, seasonal Real Estate markets; Spring and Fall.
When we meet, I’ll go over the current real estate climate and help set an expectation of how your search may go.
How long does it take?
The process is different for everybody, there is no one answer. Some people look at 1 property, others looks at over 50 and take several years before buying. I am here to support you, not push you. It’s my job to get you all the information you need so that you can make the best decision.
In terms of Contract time - our response time for offers is 24 hours, and most escrows are 30 days or less.
Does everything go over asking?
Overbidding reflects buyer competition for new listings. It is a pure supply and demand issue. However it should be noted that some agents have adopted a strategy of underpricing their listings, which will artificially increase overbidding percentages.
How will I know what to offer?
I like to look at value from several perspectives and will guide you through each one to determine a price range, but ultimately you will decide what you would like to offer and what value you place on any property.
How much are closing costs?
Normally closing costs are about 2% +/- of the purchase price. This is only a estimate and will depend on Lender Fee’s and that will be different depending on the lender. Otherwise, you will be paying Title Insurance, Escrow fees, Property Insurance and prorated fees like property taxes and HOA if applicable.
What is a good offer?
As a listing agent, I believe any offer is a good offer. It shows interest in the property and a willingness to assert a value. However, not everyone might feel the same. A good offer is considered to be as clean and reasonable with consideration given to the property, the owners and current market conditions.
What happens once I make an offer?
When a seller receives an offer they have the following options:
Reject the offer.
Accept the offer as written.
Counter the offer to meet their desired terms. This might be price, length of escrow or any offer detail.
If they Counter - you then have the right to reject, accept or counter their terms.
What is a multiple counter offer and how does that work?
Similar to above, but the seller has received multiple offers and has countered each party. They may not have countered all parties with the same requests. In this option, they have the right to accept, reject or counter any offer.
How do you win in a multiple offer?
By understanding the strategy of the agent and sellers then carefully crafting an offer that appeals to their needs. Often it is the highest price, but sometimes accommodating the seller in another way may be of more value to them.
How do you get paid?
Buyers agents are paid by the seller - it cost you nothing to work with me. I get paid when you buy something - in what is called a “Co-operating Broker Fee”.
Should I write a personal letter and include photos?
Personal letters are strongly discouraged by Brokers and attorneys however occasionally a seller may ask for one. If you decide to write a personal letter, proceed with caution and do not include any sensitive information or photos.
What about Inspections?
It is the buyer’s duty to select all desired inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. Buyer will also review the disclosures and preliminary title report. If desired inspections were not included, I can schedule them for you. You may approve or negotiate credits/repairs. Prior to closing, I will schedule a final walk-thru of the property to verify property is still in acceptable condition and any negotiated repairs were done.
Do I need an Attorney?
Most residential transactions in California are done without an attorney. I am not an attorney and can not give legal advice, but I can explain the Purchase Contract terms and conditions as commonly understood. At any time you feel you need legal advice then I can refer you to an attorney of Real Estate law.
*If a property is tenant occupied, I will insist you talk to a qualified attorney before making any offer to purchase.
How much are property taxes?
San Francisco Treasures office has set property taxes for 2018-2019 at 1.1630% of the purchase price.
What do HOA fees cover?
Most HOA dues cover water, garbage and common area maintenance and reserves. Some larger buildings may also include outside management, security and other amenities.