4 Steps to Prepare for Home Ownership

Buying a home is a big undertaking. From finding the right property and negotiating to sorting out the legal details and moving in, there are dozens of important steps along the way. And for many first-time buyers, it can seem overwhelming. 

Fortunately, there are a few things you can do to make the process easier, even if you’re still in the planning phase. If you know buying a home is on the horizon, you’ll want to tackle these tasks before you get too far into your search:

1. Get preapproved for your mortgage. 
Research lenders, choose your mortgage company and apply for preapproval. This will give you an idea of what you can afford so we can point you toward homes in the right price range. 

2. Give your budget a test run. 
Once you have a rough estimate of what your monthly payment will be, give that budget a trial run. Are you still able to afford all your monthly bills and expenses? If not, let’s have a chat with your lender to see what the monthly payment could look like if we target a lower price point.  

3. Start saving. 
It’s never too early to start saving up for your down payment and closing costs. Cutting out unnecessary spending and setting up automatic deductions from your paychecks are two easy ways to give your savings a boost.

4. Create a wish list. 
What do you want in your future home? Jot down your must-haves concerning size,location and features. You can also include some deal breakers to help guide you in your search. Are you looking to buy your first home soon? With the right help, the process will be less overwhelming. Reach out today for step-by-step guidance or a referral to a trusted lender in our area.

Make sure you get the most for your money and don’t make first-timer mistakes.

Buying a house for the first time can be a daunting task. With so many places and situations that can cost you money or even happiness, it’s something to approach with caution and while being informed.

In my book, I’ll show you everything you need to know to cause the process to go as smoothly as possible, without any mistakes. You’ll learn about programs for people buying for the first time, the best ways to get a loan, common mistakes to avoid and much, much more. Don’t let a couple of simple errors cost you thousands and thousands of dollars.

Claim your free book now and start preparing to make one of the biggest decisions of your life.

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#ChuckBarberini #CharlieBarberini #GoPhoenixPM #ChuckBarberiniRealEstate


Happy New Year

2019 – We had a very quiet evening, but at one point, I had to stop and reflect, I am entering my 60th year. Born in 1959, I consider myself so blessed for all that I have seen and all that I have survived.

We have been going through a lot as a family since Dad’s near fatal accident on October 21st of this year, I have watched my Dad fight to get better and fight for his life. Dad is an 83 year old man who has slowed down a bit, but doesn’t think or act like a man in his 80’s. I watch him in his hospital bed and listen to him when he is clear headed enough to have a conversation and know that he doesn’t feel 80, his memories and thoughts of the past are real and vivid and are fleeting. Being a man of faith, like my father, I know that there is a greater life waiting for me, but I am not content with what I have seen here, who I have met or what I have done. I am, however, so excited to see what the next 30 years of my life will bring.

So in reflection on New Year Day 2019, entering my 60th year and not ready to give up, I have a few thoughts on what I have seen and what has happened in the last 60 years.

Being born and raised in San Francisco, the Giants have always been my home team, Willie Mac was our 1st baseman and Willie Mays was our Center Fielder and Candlestick is where they played. I saw the Giants move to a beautiful downtown stadium, then win and win again and one more time for good measure. I never went to Seal Stadium and the Seals were a folk lore as distant as World War II. JFK was shot and Killed when I was 3, Reagan was my Governor and President, Hippies were all coming to San Francisco, Student Riots at SF State. The Niners Sucked, then were the best and then sucked again, then moved to Santa Clara. I was Downtown during the ’89 earthquake and through the 6th steps of separation was a connected and effected by the Dan White killing of Mayor Moscone and Harvey Milk. I survived Disco and saw a man land on the Moon. I watched the Space Shuttle fly in space and land back on earth. The fall of Russia, the fall of San Francisco and then California, the Miracle on Ice, the Amazing Mets, the Warriors at the Cow Palace, Rick Berry and Steph Curry. Personal Computers, the internet, cell phones, pagers, fax machines and cable TV. 

I have been through many New Year Days and many resolutions, when I was a young man I would think to the year 2000 and wonder what the world would be like, that is 19 years in the rear view mirror, so much has changed, but, so much has stayed the same. The trials that we all face are still suffered as individuals and still seek and search for love and companionship. Faith and love are still our baseline. The world has changed so much in my lifetime, how exciting to see where we are going.

I came across this poem and really liked what it said. I sent it out as my New Years note and would like to share it here:

“I hope that in this year to come, you make mistakes.

Because if you are making mistakes, then you are making new things, trying new things, learning, living, pushing yourself, changing yourself, changing your world.You’re doing things you’ve never done before, and more importantly, you’re Doing Something.

So that’s my wish for you, and all of us, and my wish for myself. Make New Mistakes. Make glorious, amazing mistakes. Make mistakes nobody’s ever made before. Don’t freeze, don’t stop, don’t worry that it isn’t good enough, or it isn’t perfect, whatever it is: art, or love, or work or family or life.

Whatever it is you’re scared of doing, Do it.

Make your mistakes, next year and forever.”

Neil Gaiman

@Charlie_Barberini, @ChuckBarberini



You can compete with all-cash offers

Chuck Barberini

Chuck Barberini Real Estate | EXP Realty

You can compete with all-cash offers. Here’s how;

In today’s hot market, bidding wars have become the norm. With many out-of-state buyers and property investors looking for a great deal, all-cash offers are also becoming common.

A cash offer can seem tempting for sellers since it offers the possibility of a faster closing. But despite this perk, cash buyers don’t always win. Many times, they make low offers or demand costly extras, both of which will mean lost cash for the seller.

Want to boost your chances of getting the home you want when competing with cash buyers? Here are some things to consider:

  1. Include a preapproval letter. Get your financial documents in order, find a mortgage lender and get preapproved. Additionally, a note from your lender stating that you’re a well-qualified buyer can go a long way.
  2. Work with a fast-moving lender. Average closing times vary significantly from lender to lender. Choosing one known for fast transactions shows sellers that you’re willing to move at their pace. Get in touch if you’d like a referral to a trusted lender.
  3. Offer more earnest money or a bigger down payment. More money down means you’re serious about purchasing their home, which gives sellers more confidence in your offer.
  4. Make an appropriate offer. We’ll discuss local comps to assess the home’s value, allowing you to make a solid bid right off the bat. Low offers are likely to be dismissed without a second glance.

Are you planning to purchase a new home soon? Get in touch today to discuss the right strategy for your home search.

Thank you for reading my newsletter. I look forward to connecting with you soon.

 

 

 

 

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Can you own your dream house with student debt?

EXP Real Estate – Chuck Barberini Real Estate

Can you own your dream house with student debt?

Did you know you can buy your dream home while paying off student loan debt?

It’s true and even quite common. While student loans are factored into your debt-to-income ratio, they shouldn’t prevent you from becoming a homeowner.

And fortunately, there are many programs and options available to prospective buyers, some you may not be familiar with. Here are four ways people with student loans achieve their homeownership goals:

  1. Co-buying With Friends or Family
    Purchasing a home with a roommate, significant other or sibling allows you to combine multiple incomes to qualify for a better mortgage rate. This can help lower your monthly payment and make home maintenance more affordable.
  2. Receiving Financial Gifts From Family 
    You can also accept gift money from your parents, grandparents or other family members to put toward your home purchase. Some loan programs have a cap on how much gift money can be used, so make sure you know the limits first.
  3. Choosing Low (or No) Down Payment Loans 
    There are many low down payment options, including FHA, HomeReady and Home Possible loans. For loans with no down payment, VA loans may be available to veterans and military members as well as USDA loans for those purchasing in rural areas.
  4. Using Assistance Programs 
    Down payment assistance programs can cover some or all of your down payment costs if you qualify. These programs vary by location, so talk with a lender to learn about potential options.

Working on your credit can also help you buy a home. Pay your credit card bills on time every month, aim to pay down your debts and never let an account go into collections. It also helps to get preapproved for a mortgage so you know how much you qualify for.

If you’re ready to make home ownership a reality or would like a referral to a trusted lender, get in touch today.

Thank you for reading my newsletter. I look forward to connecting with you soon.

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Should you purchase your dream house first? – Chuck Barberini Real Estate

EXP Realty of California Inc. – Chuck Barberini Real Estate

Should you purchase your dream house first?

Gone are the days when a three-bedroom, two-bath starter home was the norm for first-time home buyers. Today, many buyers are skipping that stage altogether and going straight for their dream homes. They’re buying bigger, more expensive properties with upgraded features, and they plan to live there for the long haul.

Not sure which type of property you should look for? Here are a few things to consider:

Why are you buying?
Are you mainly looking for a way to lower your monthly living expenses, or do you want a place to raise your kids and put down roots? Do you want this to be your only purchase, or are you willing to go through the process again in a few years?

What’s your budget?
Can you buy your dream home with what you can currently afford, or would that stretch your budget too far? It’s crucial to consider how much you’ll need to save for a down payment and how large of a loan you can qualify for. Your credit score and the expected interest rate will also play a factor.

How long do you plan to stay? 
Do you plan to be in the area for a long time or is there a chance you’ll need to move for your career, family or another reason down the line?

Is the market favorable?
What is the current housing inventory, and will you be competing with other buyers? Favorable market conditions mean you’ll get more house for your money, making it an ideal time to purchase a forever home.

Get in touch today if you’re ready to buy a new home. If you’re unsure about a starter home or forever home for your family, we can discuss what options are available to meet your needs and long-term goals.

Thank you for reading my newsletter. I look forward to connecting with you soon.

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Hire an Agent – Chuck Barberini Real Estate

EXP Real Estate – BR Real Estate Group – Chuck Barberini Real Estate

https://barberinico.com/

Building your house? How an agent can help.

Hire an Agent When Building a House

Many homebuyers think they don’t need to hire an agent when building a new home. After all, you’re buying directly from the builder and they already have contractors, lenders and inspectors. Why should someone else be brought into the mix?

The truth is, buying any home without an agent can be a costly mistake. It can mean paying more than you should, missed opportunities for upgrades, contract errors that aren’t in your favor or a delayed closing.

Thinking of buying a new construction home? Here are three reasons to have an agent on your side before visiting the sales office:

  1. Expert Negotiation:While their advertising would have you believe otherwise, builder’s prices aren’t always set in stone. Agents are skilled negotiators who can likely get the price dropped slightly or have a few upgrades thrown in.
  2. Preferred Vendors:Your builder might have an affiliate mortgage lender or title company, but chances are they aren’t going to offer the best deal. It’s important to shop around, and what’s better than a vendor your agent already knows and trusts?
  3. Guidance and Support: The homebuying process can be complicated, with lots of twists, turns and steps along the way. When buying new construction, you also have design reviews, electrical work and other construction needs. An agent can guide you through all of these, making sure your purchase stays on track, on time and on budget from start to finish.

It’s important to note that while you may be working with an agent or representative from the builder, they may not have your best interests at heart. Enlisting your own trusted agent can give you an advocate from the very first meeting to closing day.

Are you interested in buying a new construction home? Get in touch today for more info about builders in the area.

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Chuck Barberini Real Estate

Chuck Barberini Real Estate – Tiny Houses

EXP Real Estate – BR Real Estate Group – Chuck Barberini Real Estate – Tiny Houses

Do you have the biggest housing trend of the year?

Could you use a detached living space?

Today’s homeowners and homebuyers love detached living spaces. These small stand-alone structures located on the property come with all sorts of benefits — from added room for storage and recreation to extra income.

They’re also easy and affordable to design and install. Starting at around $9,600, this additional square footage can deliver serious bang for your buck, as detached areas can serve as:

Private Rental Space: You can offer the unit on a vacation rental site or lease it to a full-time tenant to bring in some extra income year-round.

Individual Living Quarters: These separate units are perfect for multigenerational families. They can be used by college kids home for summer or elderly parents who need assistance but want privacy. They’re also ideal guest rooms for family and friends coming to visit.

Quiet Home Office: Private, quiet and separated from all the hustle and bustle of the main house, detached units make highly functional home offices for the self-employed entrepreneur or side hustler.

Creative or Leisure Room: Need somewhere to escape and relax? These units are your solution. Personalize them with an art studio, a cozy reading nook, a yoga space or whatever else helps you wind down.

Fun Kids’ Playroom: Give the kids a space of their own with a toy-filled playroom in the backyard. They’re perfect for late-night slumber parties and playing video games with friends.

If you’re interested in building a detached living space on your property, get in touch today for recommendations for local contractors and designers. Remember to also look into any municipal or HOA restrictions, as you may need permits before starting your build-out.

Want to learn more about the market’s latest real estate trends and how your house compares? Get in touch today.

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Chuck Barberini Real Estate – Staycation

Chuck Barberini | BR Real Estate Group | EXP Realty
REALTOR®

Planning an exciting trip? Maybe a relaxing staycation is more your style. Either way, find out how you could get $500 to put toward your plans.

Don’t delay — you only have two weeks.

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Selling your house?

Get my Free Book today.

Loaded with great tips and suggestions.

 

 

 

 

 

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What is my home worth?

Get a CMA Today…

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Chuck Barberini | BR Real Estate Group | EXP Realty
REALTOR®
chuck@chuckbarberini.com
1415 Oakland Blvd.
Suite 101
Walnut Creek, CA 94596
Phone: (925) 963-6606
CalBRE 01324660

 

 

 

 

Seller didn’t hire an agent? Here’s why you should – Chuck Barberini Real Estate

Chuck Barberini
BR Real Estate Group | EXP Realty
(925) 963-6606

Want a home that’s for sale by owner?
Homes that are for sale by owner — when a seller decides not to hire a listing agent — are more common than you might think. They account for about 8 percent of all home listings currently on the market. If you’re on the house hunt, you’re likely to come across one in your search.
What’s different about buying one of these homes? What can you do to leverage the situation to get the most for your money? Here are four things to keep in mind.


1. Hire an agent. Since the seller doesn’t have an agent, it’s vital that you do  if only to ensure the transaction is handled correctly and legally. An agent will be knowledgeable about market conditions and can help you craft your offer, prepare the contracts and find the right lender to work with.

2. Be ready to negotiate. These homes are rarely priced appropriately. Sellers typically overvalue their homes due to their emotional attachment to it. Having an agent on your side gives you access to comparable sales data to help you negotiate the right price.

3. Get a home inspection. The owner may not know that they are legally required to disclose known issues with the property, and that oversight could mean costly repairs down the road. A home inspection can shed light on potential problems before you go through with the sale.

4. Add contingencies to your contract. Contingencies give you an exit route should something go wrong during the transaction. If you can’t get a loan, you’re unhappy with the inspection results or the appraisal doesn’t come in at the sale price, you have a way to back out and save your money.
Want to be prepared for your new home purchase? Get in touch today for help on making the best decision for your budget and goals.

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Thank you for reading my newsletter. I look forward to connecting with you soon.
– Chuck Barberini

Chuck Barberini | BR Real Estate Group | EXP Realty
REALTOR®
chuck@chuckbarberini.com
1415 Oakland Blvd.
Suite 101
Walnut Creek, CA 94596
Phone: (925) 963-6606
CalBRE 01324660

 

 

 

 

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The Ultimate Moving Check List – Chuck Barberini Real Estate

The Ultimate Moving Check List

4 Things to Put on Your Moving Checklist

Moving can be hectic. With dozens of to-dos, a tight timeline and a growing pile of boxes, it’s easy to get frazzled and let things fall through the cracks. But it doesn’t have to be that way.

Get organized now by making a checklist to work from. Set deadlines for the most critical tasks like hiring movers, renting a storage unit and turning on your new utilities. Aside from packing up room by room, make sure your list has these often forgotten items, too:

Forward Your Mail: The post office makes it very easy to ensure your mail gets routed to the right place, at least for the first year after your move. Just head to a local branch or go online to update your address with the date you’ll be moving, and your mail will automatically forward.

Measure and Decide: Take a measuring tape to your new home and jot down the measurements of each wall and nook. What furniture and decor will fit in your new space? What won’t? It’s better to make decisions about what to donate or sell before moving day.

Refill Prescriptions: It may take a bit to get your prescriptions forwarded to a new pharmacy and even longer for you to find the time to pick them up. If possible, get your prescriptions refilled ahead of time from your current pharmacy.

Back Up Your Electronics: Back up your computer and phone to the cloud, and make sure you’ve uploaded all your photos and documents somewhere safe. In the event something happens to your devices during the move, a backup will get you up and running faster.

Are you ready to make a move? Whether you’re considering selling your current home or thinking of finding a new one, get in touch today for help and resources to guide you through the process.

@ChuckBarberini

@EXP Realty

@Charlie_Barberini

@RealEstate4Life