Are you contemplating buying your new home in Covina?

With some planning ahead of time, buying a home isn't that complicated, but the event intimidates a lot of people. So they'll understand exactly what to expect, I'll supply buyers with an outline of the entire deal. Below are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.

Step 1 – Get ready to purchase
There are plenty of things you'll want to consider before you look for a home. You'll want to create an outline of items you need, get a plan of what school districts and neighborhoods you'd like to live in, and start working on your budget. Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule of thumb to follow.

Step 2 – Communicate with a real estate agent in Covina
This is where In Home Realty can help. We'll plan 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 talk about everything from neighborhoods, school districts in the Covina area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.

I can also help you start the loan process. There are some great mortgage professionals in Covina, and I partner with a lot of them, 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 – Start looking for a home
After our first meeting, I'll begin searching for homes on the market that best suit you. I'll research most of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.

As we tour homes, I'll point out good features, as well as bad ones. And I'll ask you about things you like and don't like. It's pretty common for buyers to revise their must-have list as we view houses and some things become more necessary than others. If that's the case, I'll look through all the listings again and narrow it down to the house you've been waiting for.

Step 4 – Get a grasp of the housing market
My knowledge of the Covina home market is an imperative agent in your home search. I am acquainted with all the school districts and neighborhoods, and I can let you know which districts are "hot" and warrant prompt action and the ones that are "cold" and allow for more consideration.

As we view houses, I'll let you know when the seller's asking price has room for bargaining and when I think the home is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions. Every real estate agent in Covina will claim to understand the market. If things don't add up, call me at 6266087310 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
I'm certain we'll find your dream house in Covina. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.

When presenting your purchase offer, you'll probably need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property. The amount is usually put towards the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the beginning offer, and it's extremely common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing limits. And at the end of the day, we'll create a contract that is best for you.

Step 7 – Get your loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you've been pre-approved, it won't take very long at all, but you should to stay in close contact with your mortgage lender. And I'll look after 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) of closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your loan application. This estimate rests on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a precise range of accuracy. I'll review the estimate and let you know if everything looks all right.

Then it's time to close on your house. This will likely 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 home. Enjoy it. And if you need anything, make sure you contact me at 6266087310 or e-mail me at .