Looking to purchase your new home in Covina? All Seasons Real Estate, Inc can help.
Purchasing a home is an intimidating event for a lot of people. However, with a bit of planning ahead of time, it's not too complex.
I like to furnish buyers with an overview of the entire deal so they'll know exactly what to expect.
These are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have about this information.
Step 1 – Get ready to buy a home
There are several things you'll want to contemplate before you start looking for a home.
When you start your search, you'll probably want to create a check list of features you need, get a plan of what neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good guideline to go by.
Step 2 – Contact a real estate agent
This is where All Seasons Real Estate, Inc can help.
I'd be more than happy to set up a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll talk about neighborhoods, school districts in the Covina area, the mortgage industry, and any additional economic factors that may potentially affect your buying decision today or in the future.
In addition, I'll assist you with getting started on your loan.
I partner with some of Covina's best mortgage professionals, so you can rest assured that you're in great hands.
They will assist you in determining which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our first meeting, I'll start looking for houses on the market that suit your needs.
I'll research many of the homes and reject the duds, and then we'll set up appointments to view the houses whenever it's most convenient for you.
When we view homes, I'll call attention to positive features and bad ones. And I'll ask you about things you like and don't like.
For the most part, buyers revise their must-have list as we tour houses and some items become far more important than others.
If that happens, I'll look through all the listings one more time and narrow it down to the house of your dreams.
Step 4 – Understand the housing market
My knowledge of the Covina housing market is an essential aspect in your home search. I'm conscious of all the neighborhoods and schools, and I will alert you to some districts are "hot" and call for immediate action and the ones that are "cool" and allow for thoughtful consideration.
When we view homes, I'll be sure to tell you when the seller's list price has room for bargaining and when I trust the house is "priced to sell."
Trust your instincts and be sure to ask your agent a lot of questions, as any REALTOR in Covina will convince you they truly know the market.
If it seems like they don't know everything, call me at (626) 339-0697 or e-mail me at , and I'll be happy to answer any questions you might have. My market expertise will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I'm certain we'll find your dream house in Covina. When we do, I'll precisely create your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
Upon turning in your purchase offer, you'll likely need to present "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's most often applied to the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the beginning offer – it's widely common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing limits. And at the end of the day, we'll put together a contract that's best for you.
Step 7 – Obtain financing
After we sign the final contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this won't take very long at all. But you should to keep in close contact with your lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of receiving your application.
This estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and be within a strict range of accuracy, and I'll examine the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will probably occur at a title company or escrow office and is often a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you contact me at (626) 339-0697 or e-mail me at .