Preparing and Planning to Buy Your First Home

The path from here to homeownership involves three steps: preparing, planning, and purchasing.

Preparing primarily involves acquiring all necessary information. You do this by sitting down and speaking with a residential mortgage lender that you trust. Just approaching them, explaining that you want to buy a house, and giving them all your information will help them assess when you can buy.

Devising a plan of action can go many ways. This might involve saving for a down payment, working to improve your credit score, paying off debt, or addressing any number of other procedural requirements. Again, conferring with a lender to formulate this plan will help immensely. It sounds strenuous, but in most cases, it just takes a little time.

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It might sound strenuous, but it
just takes a little time.

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Following the first two steps will do wonders for your confidence and put you on the right track once it’s time to get out there and make your purchase.

If you have any questions about buying a home, please feel free to give us a call or send us an email. We look forward to working with you.

The Latest From Ripon and Manteca Real Estate

We’ve got a quick market update to share with you today for both Ripon and Manteca. We’ve been seeing a lot of exciting trends as of late. Let’s start with what’s going on in Manteca so far this year:

• 626 homes have closed escrow
• The average time on market is 26 days
• The average price per square foot is $179
• The average sold home price is $353,000

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Our market is strong for 
buyers and sellers.

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These are all great numbers and show just how strong our market is for sellers right now. Let’s move on to what’s happening in Ripon, which is a much smaller community:

• 151 homes have closed escrow
• The average time on market is about 49 days
• The average price per square foot is $202
• The average sold home price is $451,000

These numbers indicate that we have a strong market for both buyers and sellers. With 3.2% interest rates for FHA loans, your buying power will continue to be strong. Prices are up as well, which is good news for sellers.

If you have any questions for us or have been thinking about buying or selling yourself, give us a call or send us an email. We look forward to hearing from you.