Buying or selling a home in Covina? All Seasons Real Estate, Inc can help.
With some planning ahead of time, buying a home isn't that complicated, but the event is stressful for a lot of people.
So they'll understand exactly what they can expect, I'll furnish buyers with an overview of the whole deal.
These are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address questions you have regarding this information.
Step 1 – Get ready to purchase
There are many things you'll want to take into account before starting your home search.
When you begin your search, you'll want to form an index of items you want, get a feel for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good guideline to follow.
Step 2 – Communicate with a real estate agent in Covina
This is where I can help.
We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, schools in the Covina area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
I'll also help you start the loan process.
All Seasons Real Estate, Inc works with some of the finest mortgage professionals in Covina, so you can rest assured that you're in great hands.
They can help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
After we meet, I'll start finding available homes on the market that are great for you.
I'll research most of the homes and exclude the bad ones, and then we'll set up appointments to tour the houses whenever it's most convenient for you.
As we tour homes, I'll point out good features, as well as negative ones. And I'll ask you to tell us about things you like and don't like.
It's widely common for buyers to update their wish list as we tour homes and some items become more substantial than others.
If that's the case, I'll look through the listings again and trim it down to the house you've been waiting for.
Step 4 – Comprehend the housing market
Your agent's awareness of the Covina housing market is a crucial agent in your home search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I'll alert you to what neighborhoods are "hot" and require prompt action and the ones that are "cool" and allow for thoughtful consideration.
As we view houses, I'll let you know when the seller's list price has room for negotiation and when I think the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions. Every real estate agent in Covina will claim to truly understand the market.
If it doesn't seem like they know everything, just call me at (626) 339-0697 or e-mail me at , and I'll be glad to answer your questions. My understanding of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the home of your dreams
We'll find the house of your dreams in Covina, and when that happens, I'll carefully create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.
When submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's usually applied to the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer – it's widely common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market conditions will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Secure a loan
Once we sign the final sales contract, you'll begin working with your lender to close the loan.
This shouldn't be a long process at all if you're already pre-qualified, but you need to stay in close contact with your mortgage lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your loan application.
This estimate rests on the loan amount. RESPA requirements require that it has to include 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 it's time to close on your home. This will probably happen at a title company or escrow office and is often a smooth and relaxing affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call me at (626) 339-0697 or e-mail me at .