Buying or selling a home? In Home Realty can help.

Buying a home is an intimidating event for most people, but with a little up-front planning, it's not all that complicated. So they'll know exactly what to expect, I'll furnish buyers with an outline of the entire 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 glad to address questions you have about this information.

Step 1 – Get ready to buy
Before you begin your home search, there are many things you should take into account. When you begin your search, you'll want to assemble an outline of features you want to have, plan for what school districts you'd like to live in, and start planning your budget. Keeping your mortgage payment around a third of your monthly income is a good guideline to go by.

Step 2 – Connect with a real estate agent in Covina
That's where I can help. We can set up a time to meet 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 could potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Covina area.

In addition, I'll help you begin the loan process. There are some excellent mortgage professionals in Covina, and I work with a lot of them, so you're in great hands. They can assist you in choosing which type of loan is best for you and help you get approved.

Step 3 – Begin looking for a house
Following our initial meeting, I'll begin finding available homes on the market that are great for you. I'll get a sneak peek of many of the homes and eliminate the bad ones, and then we'll book appointments to tour the houses whenever it's convenient for you.

As we tour homes, I'll identify good features and negative ones. I'll even ask you to tell us about things you like and don't like. It's pretty common for buyers to revise their must-have list as we tour homes and some things become more important than others. If that happens, I'll look through the listings one more time and narrow it down to the home you've been waiting for.

Step 4 – Comprehend the market
My awareness of the Covina market is a leading component in your house search. I am acquainted with all the schools and neighborhoods, and I'll let you know some neighborhoods are "hot" and demand immediate action and some that are "cold" and allow for careful analysis.

As we view houses, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be careful and be sure to ask plenty of questions. Every REALTOR in Covina will convince you they comprehend the home market. If things don't add up, contact me at (626) 608-7310 or e-mail me at , and I'll be happy to answer any questions you might have. My knowledge of the market will keep you a step ahead through the entire process.

Step 5 – Find the home you've been looking for
I'm positive we'll find your dream house in the Covina area. When we do, I'll carefully create your home purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as getting financing, finishing 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 the offer to purchase the property, and it's typically applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer, and it's extremely common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.

Market conditions will play a large role in how aggressively we negotiate the deal. In addition, we'll work within your financing budget. And at the end of the day, we'll create a contract that works well for you.

Step 7 – Obtain a loan
Upon completing the 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. However, you'll want to stay in close contact with your lender. And I'll care for all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your loan application. The estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks good.

Then we'll close on your house. This will most often happen at a title company or escrow office and will most often be a smooth and hassle-free occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at (626) 608-7310 or e-mail me at .

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