4 Important Tips on Buying a House in California

Though almost all states in US have somewhat same real estate buying procedure the state of California does few things differently. Buying a house in the golden state is easy but you need to know some things before purchasing a property.Dream Equities will be more than happy to help you.

Build a Solid Credit Profile

Most important tip is not to move your money six months prior to buying a home. If you move your money around it will be seen as a sign of bad credit profile. Also as long as possible do not amass huge credit card debt. If you are a foreigner or from other state you need to open a bank account or credit card account in California to start building a solid credit profile.

Preapproval for Your Home Loan

Getting pre qualified and pre approved for your home loan are two different things. Anyone can be pre-qualified for a home loan but getting pre-approved means that creditor has taken a thorough look at your credit profile and approved you for a loan amount. This makes it easier for you to get the idea of your budget.

In California getting pre-approved for your home loan is considered a vital point and any real estate agency like Dream Equities will not be ready to work with you unless you are pre-approved. 

Bigger is Not Better

Whenever some family engages Dream Equities as their buying agent the first thing we tell them is not to buy a big house even if it’s within your budget. The reason is largest house doesn’t appeal majority of buyers that puts you on disadvantage when you go for re-sale. Sometimes it’s best to buy the worst house on the block, because it usually trades for more than the big house.

Getting a Survey

We at Dream Equities always recommend our clients to get a survey on your property, this will surely cost you around $400or less maybe, but it will save thousands in the end. A housing survey can reveal many points that a common eye will miss. A professional housing survey agent will tell you the exact pros and cons of the property before you decide to pay the earnest money deposit. This will leverage your position as a buyer.