Tech companies in the Bay Area and how it affects real estate in the Bay Area and Silicon Valley.

The influx of tech jobs have boosted real estate prices to an uncomfortable high as of recent. So what does this mean to you? Well as real estate prices increase finding a home to some can seem impossible and for good reason, I mean who wants to pay 4-8k a month on a mortgage when you can rent for way less. Well here are some tips for buying a new home and what real estate companies are offering.

1. Find out county down payment assistance programs. Working with an agent and then a lender sometimes can feel like they have a big disconnect with each other. That's why OMA RLTY is licensed in both so we can help our clients on information needed on both ends.
   
2. Finding a crafty lender that can put lending packages together on fixer uppers. A Lot of people turn a blind eye to fixer uppers just because of the horror stories behind a lot of them but sometimes you get a good deal on a home that has a lot of potential.
   
3. New developments! OMA RLTY offers commision rebate programs on new homes developments so you can get a little extra money in your pocket to soften the down payment blow.
   
4. Make lenders fight for your business. Some are more comfortable with big bank lenders and some take advantage of brokers. Now most of the time in our experience you get a better deal with a broker because they do the shopping around for you but if you want to go with a big bank these are some tips. Make them fight for your business. If one bank is offering one rate; take that rate to another big bank and make them beat it, then to another and another until you just can't go any lower.
   
5. Last on the list will be using an experienced lender and broker to help with the transaction. Remember this is a business deal and thousands of your hard earned dollars we are dealing with. Using family and friends is not always the best option especially if they haven't had enough transactions under their belt. I mean would you trust someone to work on your car after watching some youtube videos or someone that's done it hundreds of times?
   
   ​for more information call or text 949-491-3583
   
   

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