Are you contemplating buying a home in Covina? In Home Realty can help.

With a little up-front planning, buying a home isn't all that confusing, but the event is stressful for a lot of people. So they know exactly what they can expect, I will provide buyers with an outline of the entire deal. Here 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 happy to answer any questions you have regarding this information.

Step 1 – Prepare to purchase
Before you commence your home search, there are a lot of things you need to contemplate. When you begin your search, you'll probably want to make a checklist of features you need, get a feeling for what school districts you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule of thumb to adhere to.

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

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

Step 3 – Begin looking
After we meet, I'll start searching for available houses on the market that suit your needs. I'll research most of the houses and remove the bad ones, and then we'll book appointments to view the homes when it's convenient for you.

When we tour houses, I'll show you the good features and bad ones. I'll also ask you what things you like and don't like. As a rule, buyers update their must-have list as we view houses and some things become more crucial than others. If that happens, I'll look through all the listings again and narrow it down to the home of your dreams.

Step 4 – Comprehend the market
My knowledge of the Covina home market is a leading factor in your home search. I'm acquainted with all the neighborhoods and school districts, and I can communicate which areas are "hot" and call for prompt action and the ones that are "cold" and allow for thoughtful analysis.

When we tour houses, I'll let you know if the seller's list price has room for negotiation 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, as every real estate agent will convince you they understand the market. If it doesn't seem like they know everything, contact me at 6266087310 or e-mail me at , and I'll be happy to answer any questions you might have. My market knowledge will help you stay a step ahead throughout the entire process.

Step 5 – Find your dream house
We'll find the home of your dreams in the Covina area, and when we do, I'll carefully create your purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies, such as obtaining financing, finishing the inspection, and a clean title.

When turning in your purchase offer, you'll likely want to present "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property. The amount is most often put towards the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the first offer. It's pretty common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your budget. And at the end of the day, we'll create a deal that's best for you.

Step 7 – Secure a loan
Upon completion of the deal, you'll start working with your lender to close the loan. If you're already pre-qualified, it shouldn't be a long process at all. But you'll need to keep in close contact with your lender. And I'll look after all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your loan application. The estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a narrow 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 home. This will likely happen at a title company or escrow office and will likely be a smooth and stress-free occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, simply call me at 6266087310 or e-mail me at .