About to buy a home in Silicon Valley? Don’t let hidden costs surprise you! 🏡✨
As a longterm Silicon Valley residents and real estate experts, we’ve seen too many new buyers overlook essential costs beyond the mortgage. Here's how to sidestep five common pitfalls:
- 1️⃣ Know Your Budget: Your mortgage isn’t the only expense. Factor in taxes, insurance, and utilities. Aim for mortgage payments to be about 28-30% of your income.
- 2️⃣ Get Pre-Approved: In our speedy market, having pre-approval helps you stand out and know your limit, keeping you focused on realistic options.
- 3️⃣ Inspect Thoroughly: Never skip a professional inspection. Older Bay Area homes hold surprises you want to avoid knowing about after the keys are in hand.
- 4️⃣ Keep Emotions in Check: Love at first sight can lead to regrets. Stay objective and think long-term, especially in our ever-evolving market.
- 5️⃣ Research Neighborhoods: Beyond the home, look at schools, commute, and amenities. These factors affect both your lifestyle and your investment’s value.
Planning on buying soon? Drop your questions below—I’m here to make your home-buying adventure a smooth ride! 🚀💬👨👩👦👦
Thinking about Buying or Selling Real Estate? Call/Text Robert or Jessica at 650-867-8732
