Category archive - Buyer Resources

9 Reasons To Buy A House Now

If you’re planning to buy a house right now, the next few months may be the best time to buy. Waiting for both housing prices and interest rates to fall may not be a good strategy for potential homebuyers since analysts don’t expect any significant declines in these two most important home-buying factors. Here’s nine real estate trends that suggest you should get into the housing market sooner than later. (To learn more, check out 5 Tips For Recession House Hunters)
Read more

Home Buying Process

While this flowchart depicts a typical process, the fast-paced and competitive San Francisco real estate market results in variations of this flowchart. Paragon Agents are able to quickly respond to market shifts.
Read more

Searching for Your New Home

Once you have an idea of what you’re seeking, it’s time to start viewing available properties. These are the best places to get started:
Read more

Obtaining a Loan

Step 1: Review Financing Options
Financing your new home purchase begins with a consultation with a qualified loan agent. If you wish, we can recommend one who has the requisite experience, competence and integrity.
Read more

What is Escrow?

The sale of real property involves transferring large sums of money and signing important documents by you, the Seller and your lender. Escrow is the process in which an impartial third party acts as a stakeholder and facilitator for both you and the Seller. Typically this entity is the Title Company. It carries out both parties’ instructions and handles the paperwork, distribution of funds, title insurance, and the transfer and recordation of the title deed.

Read more

Inspections and Home Warranties

Buyers Are Responsible for Inspecting the Property
The Purchase Agreement typically contains provisions allowing you to perform any inspections you desire. Inspections do not guarantee the condition of the home; instead their purpose is to educate you regarding the home’s current condition and how to maintain it in the future.

Read more

Property Taxes

The Tax Year
Property taxes are charged on a fiscal year beginning July 1st and ending June 30th; hence tax years are referred to as 2004/2005, 2005/2006. Taxes are billed in two equal installments: first installment covers July 1st through December 31st, second installment covers January 1st through June 30th.
Read more

Buyers Generally Pay…

Who pays for the various closing costs is negotiable between the Buyer and Seller, though the below sets forth the customary division in San Francisco County. These items might not apply in other counties. Some counties split their title and escrow fees between Buyer and Seller in varying manners.
Read more

What is Title Insurance?

Title insurance is a contract of indemnity which guarantees that the title to the property is as reported. If it’s not as reported,you are reimbursed for actual loss or damage under the conditions specified in the policy. The title policy covers you for your loss up to the amount of the policy.

Read more