Let In Home Realty assist you with buying your new home in Covina

For many people, buying a home can be an intimidating event. However, with some planning ahead of time, it's not all that difficult. So they'll know exactly what to expect, I will provide buyers with a road map of the entire deal. These are my nine steps to buying a home. Should you have questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
There are many things you'll want to do before commencing your home search. When you start your search, you'll probably want to put together an outline of features you need to have, get an idea of what school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than a third of your monthly income is a good principle to go by.

Step 2 – Get in touch with a real estate agent
This is where I can help. We can arrange 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 the mortgage and housing industries, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and schools in the Covina area.

I can also assist you with getting started on your loan. There are some great mortgage professionals in Covina, and I work with a lot of them, so you'll be in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin house hunting
Following our initial meeting, I'll start finding available houses on the market that are good for you. I'll get a sneak peek of many of the homes and remove the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.

When we view homes, I'll identify good features, as well as bad ones. I'll even ask you to point out what things you like and don't like. Most often, buyers amend their must-have list as we tour houses and some features become more important than others. If that happens, I'll look through all the listings once again and trim it down to the house you've been waiting for.

Step 4 – Comprehend the market
My knowledge of the Covina market is an essential factor in your home search. I am familiar with all the neighborhoods and school districts, and I can alert you to certain areas are "hot" and require immediate action and some that are "cool" and allow for more examination.

When we view houses, I'll be sure to tell you when the list price has room for bargaining and when I believe the home is "priced to sell." When working with an agent, be mindful and make sure you ask a lot of questions. Any REALTOR will tell you they know the market. If it doesn't seem like they know everything, just call me at (626) 608-7310 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market expertise will keep you a step ahead throughout the entire process.

Step 5 – Find the home you've been looking for
I'm certain we'll find your dream home in Covina. When that happens, I'll meticulously create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, carrying out the inspection, and a clean title.

When submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property. The amount is usually applied to the closing costs. If your offer is accepted, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And at the end of the day, we'll create a deal that is best for you.

Step 7 – Obtain a loan
Upon finalizing the deal, you'll start working with your lender to close the loan. If you're already pre-qualified, this won't take much time at all, but you need to stay in close contact with your lender. And I'll look after all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application. The estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks all right.

Then it's time to close on your house. This will probably happen at a title company or escrow office and should be a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just call me at (626) 608-7310 or e-mail me at .

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