If you are looking to purchase a home in Fremont I have some great news! The current slowdown of the real estate industry is actually great for homebuyers in Fremont, California. This means that right now, you have the opportunity to save a lot of money and get a great deal on the Fremont home of your dreams.

In this video Gerri Willis, author and CNN Financial Correspondent, explains why now is the perfect time is for home buyers in Fremont to take action. 

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When you feel like you are finally ready to enter the Fremont real estate market and purchase the home of your dreams, use these helpful tips to get started on the right track:

-Decide how much of a home in Fremont you can afford-

• The only way you can ever determine how much of a house in Fremont that you can afford is if you take the time to honestly assess your personal financial situation.
• A general rule of thumb when deciding how much you can spend on your home in Fremont is to estimate one third (1/3) of your gross yearly income. This amount should be used as the top of your price range. Going overboard and spending too much money on your home could end up coming back to haunt you in the long run. Be sure not to over extend yourself. There is no way to know for sure what the future has in store, so staying within your budget is an absolute must.
• Many homebuyers in Fremont, California, especially first time homebuyers don't realize the additional cost that comes with purchasing a home. There are many more expenses beyond just your mortgage payment that you have to account for; such as taxes, insurance, maintenance, etc...

-Make your down payment work for you-

• Down payments go a long way in showing lenders that you are serious about purchasing a home in the Fremont real estate market area. With the right down payment lenders will be much more likely to set you up with a good mortgage with great terms.
• Generally speaking 20% is a good amount to put down. It shows the lenders that you are serious, yet will you still have funds left over for unexpected expenses that might come up. (i.e. leaky roof, cracked foundation, broken heater/AC etc...)

-Set a reasonable price range-

• The number one resource for determining your price range is the Internet. Most real estate agents in the Fremont real estate industry now have some sort of online presence, and most include access to a MLS. An MLS, or Multiple Listing Service, can be a great resource to help you learn more about the Fremont real estate market.
• Use the MLS to get a sensible grasp of where your price range will fall.
• Another great resource my personal website that is dedicated to everything related to the Fremont real estate market. Feel free to check it out and learn even more about how to purchase a home in Fremont, California.

-Location, Location, Location-

• Gerri makes a good point about the convenience of being near a variety of the services in Fremont, California. Be sure to keep that in mind.
• The only person who can make this decision is you. There are pros and cons to both.
• With enough patience there is no reason you cannot get a great deal on your dream home in Fremont.

Buying a home in Fremont does not have to be a daunting task. With a few tips here, and a few tips there, and the right real estate professional to help guide you through the process you can easily get a great deal on an amazing home in Fremont. Now is a fantastic time to buy the Fremont home of your dreams. If you are still stuck waiting on the sidelines, for whatever reason, it is time to get in the game!

Thank you for taking the time to read the information I have made available to you.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.