Buying or selling a home? All Seasons Real Estate, Inc can help.
For many people, purchasing a home can be a stressful event. But with a bit of planning ahead of time, it's not all that hard.
I like to provide buyers with a road map of the whole deal so they understand exactly what to expect.
Here 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 happy to answer questions you have about this information.
Step 1 – Prepare to purchase a home
There are many things you need to consider prior to starting your home search.
When you start your search, you'll want to make a checklist of items you need, get a feel for what school districts you want to live in, and begin planning around your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good principle to follow.
Step 2 – Contact a real estate agent in Covina
This is where I can help.
We can book a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss neighborhoods, school districts in the Covina area, the mortgage industry, and any other economic factors that might affect your purchase today or in the future.
I can also help you start the loan process.
There are some very good mortgage professionals in Covina, and I partner with a lot of them, so you're in great hands.
They will help you choose which type of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
Following our initial meeting, I'll begin finding available houses on the market that are good for you.
I'll get a sneak peek of many of the houses and remove the duds, and then we'll book appointments to tour the houses when it's convenient for you.
As we tour homes, I'll point out good features, as well as bad ones. And I'll ask you what things you like and dislike.
It's pretty common for buyers to revise their list of must-haves as we view houses and some items become more essential than others.
If that happens, I'll go back through all the listings once again and trim it down to the house you've been waiting for.
Step 4 – Know the housing market
An agent's awareness of the Covina housing market is a necessary component in your house search. And I can assure you I'm conscious of all the school districts and neighborhoods, and I will communicate certain neighborhoods are "hot" and require immediate action and the ones that are "cool" and allow for careful analysis.
As we view houses, I'll make sure to communicate if the seller's asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask a lot of questions, as any REALTOR in Covina will claim to comprehend the home market.
If things don't add up, just call me at (626) 339-0697 or e-mail me at , and I'll be glad to answer any questions you might have. My market expertise will keep you a step ahead through the entire process.
Step 5 – Find the house you've been looking for
I'm positive we'll find the house of your dreams in Covina. When we do, I'll thoroughly create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as getting financing, finishing the home inspection, and a clean title.
When presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property, and it's most often put towards the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer, and it's very common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Obtain a loan
Once we sign the final contract, you'll begin working with your lender to close the loan.
If you've been pre-approved, this shouldn't take long at all, but you'll need to keep in close contact with your lender.
And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if it all looks good.
Then we'll close on your home. This should happen at a title company or escrow office and will most likely be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at (626) 339-0697 or e-mail me at .