Ria Cheree Cotton

Real Estate Broker, Owner

3220 Sacramento St

Berkeley CA 94702

Price, terms, features, and availability are subject to change without notice. The accuracy of the property information cannot be guaranteed. If you are currently working with a Real Estate agent, please note, this is not a solicitation for your business. Ria Cheree Cotton BRE#01989725 © 2018 Ria Cotton, All Rights Reserved. 

  • Contact a REALTOR®. Find an experienced REALTOR® who can help guide you through the process. Call me today I am available for phone, in-person, and video conference consultations.

 

  • Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.

 

  • Decide what you can afford. Generally, your mortgage with taxes, insurance, homeowner association dues are 43% of your monthly gross income. Calculate the costs of homeownership. Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements.Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you. 

 

  • Develop your home wish list. Then, prioritize the features on your list. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety. 

 

  • Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment?  Ideally, buyers may have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 4 percent of the home price. Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money you’ve saved to buy your fist home without paying a penalty for early withdrawal. 

Ways to Prepare for Homeownership

BUYER'S GUIDE

Investors

 If you are like many investors, you are looking for where the market is prime for buying low and eventually selling high. This area may not be in your hometown or anywhere near it, which means you need someone with his or her finger on the pulse of the area market you are considering. Call me to discuss your investment needs, I am here to develop a long-standing investor realationship.

Move-up Buyers

LAND DEVELOPMENT CHECKLIST
GUIDE TO FIXERS

Whether your family is growing, or you got a great promotion, or you just want to experience something new, there are many reasons for moving or upgrading to a larger or different home. Before you think about buying a bigger home, begin by prioritizing your home buying needs. Let's talk, call me today.