Real estate transactions are happening in Gilroy. Inventory is moving downward and neighborhoods are filling up. As an example, the last two homes in our immediate neighborhood have gone into contract.
With sales comes financing - and there is money to loan for residential purchases. The caveat is that it's not easy to qualify for it.
There's a lot of info out there about what it takes to get a residential real estate loan today, with the significant and first thing being that a buyer has to have money - a down payment. After that, buyers have to prove that they can make the payments, and that's the part that's taking a great deal of time. Very few escrows close in 30 days anymore.
Here's an article on what lenders look for nowadays.
Team Patereau has had success in guiding buyers through transactions this year. We have good lenders to refer our buyers to, and we help them every step of the way. Contact us as the first step in your journey to purchase a new home.
