Buying or selling a home in Covina? All Seasons Real Estate, Inc can help.
Buying a home is stressful for many people, but with some up-front planning, it's not all that confusing.
So they understand exactly what to expect, I will provide buyers with an overview of the entire deal.
These are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have about this information.
Step 1 – Prepare to buy
There are a lot of things you should do before starting your home search.
You'll probably want to assemble a list of items you want to have, get a plan of what school districts you want to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good guideline to go by.
Step 2 – Talk to a real estate agent in Covina
That's where I can help.
We can book a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Covina area.
In addition, I'll assist you in getting started on your loan.
All Seasons Real Estate, Inc works with some of the best mortgage professionals in Covina, so you're in great hands.
They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Start house hunting
After we meet for the first time, I'll begin finding houses on the market that are great for you.
I'll preview most of the houses and remove the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
As we view the homes, I'll call attention to positive features, as well as bad ones. I'll even ask you what things you like and dislike.
It's pretty common for buyers to change their wish list as we tour homes and some items become far more important than others.
If that's the case, I'll search all the listings one more time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
My knowledge of the Covina housing market is a crucial aspect in your house search. I'm familiar with all the schools and neighborhoods, and I can communicate what districts are "hot" and call for immediate action and some that are "cold" and allow for careful consideration.
When we tour houses, I'll let you know when the list price has room for bargaining and also when I know the house is "priced to sell."
When working with an agent, be careful and make sure you ask plenty of questions, as every REALTOR will convince you they comprehend the home market.
If things don't add up, contact me at (626) 339-0697 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home you've been looking for
I'm certain we'll find your dream house in the Covina area. When we do, I'll carefully develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, finishing the home inspection, and a clear title.
When turning in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property and is usually put towards the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's very common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market will play a vital role in how aggressively we negotiate the deal.
We'll also work within your budget. And at the end of the day, we'll assemble a contract that works well for you.
Step 7 – Secure financing
After the contract is complete, you'll begin working with your lender to close the loan.
If you're already pre-approved, this won't be a long process at all, but you'll want to stay in close contact with your lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your application.
The estimate rests on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if it all looks okay.
Then we'll close on your house. This will likely occur at a title company or escrow office and will most often be a smooth and calm affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you contact me at (626) 339-0697 or e-mail me at .