Buying a Home

How To Prepare For Your First Home Purchase

November 8, 2021

I'm lisa!

A Piedmont native, Emmy award winning television journalist turned home matchmaker, part time radio anchor, UCLA graduate, wife and mother of 3. 

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You might be excited to take the plunge and make your first home purchase, but you must prepare yourself for anything. There are lots of things to keep in mind when buying a house which can seem even more intimidating if this is something new because there will be lots of paperwork involved across many different counties with their own rules. Here are tips about what every potential home buyer should know before purchasing your first home:

 Work out your deposit target.

This is the amount of money you will need to make an offer on a home. It should reflect your budget since there are many factors at play that might cause the price to go over what’s affordable for you, including renovation work or other expenses involved with buying property in general.

 Start your budget.

    Now that you know how much money can be put toward a deposit, it’s time to take the rest of your budget into consideration. Your monthly mortgage repayments won’t cost as much if they’re spread out across several years rather than all at once because lenders will allow you to pay off more over time as long as there is sufficient income for this type of repayment plan.

Get credit ready for the lenders.

    You can make your credit look good by making sure all outstanding bills are paid on time and avoiding any new card applications before applying. If you’ve never borrowed money from a bank, there is no need to worry since lenders don’t require perfect credit scores as long as you have some history of paying back debts that means they will be confident nothing unforeseen could happen which might cause them to lose out on their investment.

Know how much it will cost to purchase a home.

    It’s important to understand the costs involved which is why you should always work with a real estate agent who can help you sift through all of these considerations so that nothing gets overlooked. 

Learn everything you need to know about the market.

    After you’ve researched local listings and have a realistic idea of what your budget can be, it’s time to learn everything there is about the current market. You should do this because it will help you get an overall understanding of how property values are changing over time which means if prices go up or down in the future, at least you’ll know why things happened that way.

Once you’ve found the right home for your needs, it’s time to start thinking about who can help with all of the legalities involved which is why many people prefer to have a real estate agent on their side since they know how much paperwork should be handled by them versus someone else.

Decide if you need expert advice.

    You might need to hire a real estate agent or financial adviser who can help you with the process. In some cases, there are legal aspects of buying a property that only an expert will know about which is why speaking to someone before going through any contracts and agreements will make sure your interests are always protected as much as possible.

    If you’re ready to take the next step in your life and buy a home, it might seem like an intimidating task. But if you prepare well ahead of time, buying that first house will be one of the best decisions you ever make. If you have any questions or would like help with anything else, please don’t hesitate to get in touch, our team is ready.

Are You Finally Ready to Buy or Sell a Home in the San Francisco Bay Area?

You’re ready to buy or sell a home in the Bay Area, but you don’t know where to start. It feels like the market is changing every day and the thought of going through this process alone causes an overwhelming amount of stress that only seems to get worse as time goes by. You want some information about whether or not it’s a good time to sell or buy and how to get started. That’s where the team headed by Lisa Chan Carnazzo, Realtor steps in to help! Together, we will explore your options, help pinpoint areas and provide honest feedback from our market research so you can make the right decision for you and your unique situation. Lisa is a Bay Area native who grew up in Piedmont, and also has the privilege of being an Emmy award-winning television journalist, reporting and anchoring on news stations like KPIX 5 CBS in San Francisco. You can still hear her anchoring on all news 106.9 FM and 740 AM KCBS! Lisa knows how to listen, work in a fast-paced environment and be persistent. Her team’s goal is not only to help you through the process but maintain a lifelong relationship while doing so. She has been successful as an anchor/reporter for more than 10 years which has given her some unique tools on what it takes from being both sides: buyer’s agent AND seller’s advocate. Contact Lisa today to get started!

By Basil D Soufi – Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=22023379

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I'm Lisa, your new Realtor & friend.

My passion is meeting new people, getting to know them and learning their stories. Before I jumped into the world of real estate, I spent nearly 15 years in front of the camera anchoring and reporting the news. The mix of being a Bay Area native, Emmy-winning reporter and now Realtor gives me a deep understanding of the market and has made me an excellent listener and communicator.

I consider it an honor to work with you and guide you during one of the more important times in your life.

hey there!

Lisa Chan Carnazzo

Lisa is a San Francisco Bay Area Realtor with The Grubb Co.

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