Contemplating buying your new home in Covina? In Home Realty can help.

Purchasing a home is intimidating for many people. However, with a little up-front planning, it isn't that difficult. I like to supply buyers with a road map of the entire deal so they know exactly what to expect. Here are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.

Step 1 – Prepare to buy a home
There are a lot of things you need to do before you search for a home. You'll probably want to assemble a checklist of features you want, get a feeling for what school districts you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good rule to adhere to.

Step 2 – Talk to a real estate agent
This is where I come in. I'd like to set up a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, school districts in the Covina area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll help you get started on your loan. There are some very good mortgage professionals in Covina, and I work with a lot of them, so you'll be in great hands. They'll assist you with determining which type of loan is best for you and help you get qualified.

Step 3 – Begin house hunting
After our initial meeting, I'll begin looking for houses on the market that are good for you. I'll research most of the houses and throw out the bad ones, and then we'll book appointments to tour the homes whenever it's convenient for you.

When we tour the houses, I'll identify positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike. It's widely common for buyers to revise their wish list as we tour houses and some things become far more substantial than others. If such is the case, I'll look through all the listings one more time and trim it down to the house you've been dreaming about.

Step 4 – Comprehend the housing market
Your agent's knowledge of the Covina home market is a fundamental agent in your house search. And I assure you I'm familiar with all the schools and neighborhoods, and I'll communicate which neighborhoods are "hot" and require immediate action and others that are "cold" and allow for thoughtful consideration.

As we tour homes, I'll make sure to communicate when the asking price has room for negotiation and when I believe the home is "priced to sell." Be on guard and make sure you ask plenty of questions, as every REALTOR will convince you they truly know the market. If it doesn't seem like they know everything, call me at 6266087310 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the home of your dreams
I'm sure we'll find your dream house in the Covina area. When we do, I'll thoroughly create your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.

Upon sending in your offer, you'll need to submit "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property. The amount is most often applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

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

Market circumstances determine how aggressively we negotiate the deal. We'll also work within your financing constraints. And when it's all said and done, we'll compose a deal that works well for you.

Step 7 – Get financing
Upon completing the contract, you'll begin working with your lender to close the loan. If you've been pre-approved, it shouldn't take very long at all, but you should to stay in close contact with your lender. And I'll take care of all the property information your lender needs to close the loan.

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

Then it's time to close on your home. This will likely take place at a title company or escrow office and will probably be a smooth and relaxing occasion.

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

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In Home Realty

DRE# 01871754

319 E San Bernardino Road
Covina, CA 91723-1627