Purchasing your home in Covina

For most people, purchasing a home can be a stressful event. But with a little planning ahead of time, it's not that difficult. So they'll understand exactly what they can expect, I will give buyers an overview of the whole deal. Here are my nine steps to buying a home. Should you have any 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 several things you'll want to consider before commencing your home search. You'll want to assemble an outline of items you need to have, plan for what neighborhoods and school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than or around a third of your monthly income is a good rule of thumb to go by.

Step 2 – Contact a real estate agent
This is where In Home Realty comes in. I'd be happy to book a time to get together with you and talk about your real estate needs and get an idea of your upcoming plans. We'll talk about the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Covina area.

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

Step 3 – Start looking
After we meet, I'll begin finding homes on the market that are a good fit for you. I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll schedule appointments to tour the houses whenever it's convenient for you.

As we tour homes, I'll call attention to good features, as well as negative ones. I'll also ask you to talk about things you like and dislike. It's widely common for buyers to change their list of must-haves as we view houses and some items become far more crucial than others. If that's the case, I'll look through all the listings one more time and trim it down to the home of your dreams.

Step 4 – Know the housing market
My awareness of the Covina home market is a crucial component in your house search. I'm informed of all the neighborhoods and school districts, and I'll alert you to some neighborhoods are "hot" and demand prompt action and others that are "cool" and allow for careful analysis.

When we view houses, I'll make sure to communicate when the seller's list price has room for negotiation and when I think the house is "priced to sell." Any real estate agent in Covina will convince you they comprehend the market, but be mindful, and make sure you ask your agent plenty of questions. If it doesn't seem like they know everything, contact me at 6266087310 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market expertise will keep you a step ahead through the entire process.

Step 5 – Find the home you've been waiting for
I'm certain we'll find your dream house in the Covina area. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.

Upon sending in your offer, you'll probably want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property. The amount is usually applied to the closing costs. If the offer is accepted, 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
Most deals don't close on the first offer. It's very common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the contract depends on the state of the market. We'll also work within your budget. And at the end of the day, we'll formulate a deal that's best for you.

Step 7 – Secure financing
Once the deal is finished, you'll start working with your lender to close the loan. This shouldn't take much time at all if you're pre-approved, but you'll need to stay in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your loan application. This estimate is based on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if everything looks okay.

Then we'll close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and pleasant affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at 6266087310 or e-mail me at .