Buying or selling a home in Covina?

With some up-front planning, purchasing a home isn't that complicated, but the event is intimidating for many people. I like to provide buyers with a road map of the whole deal so they'll know exactly what they can expect. These are my nine steps to purchasing a home. Should you have any questions about this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Prior to beginning your home search, there are many things you need to contemplate. When you begin your search, you'll probably want to make an outline of items you want to have, get an idea of what school districts you'd like to live in, and start planning around your budget. A good guideline to go by is that your mortgage payment should be close to a third of your net monthly income.

Step 2 – Get in touch with a real estate agent in Covina
This is where In Home Realty comes in. I'd be happy to schedule a time to meet with you and speak with you regarding your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and schools in the Covina area.

I'll also help you begin the loan process. 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 can help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a home
After our initial meeting, I'll begin finding available houses on the market that are a good fit for you. I'll preview many of the houses and eliminate the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.

When we tour houses, I'll identify positive features and bad ones. I'll even ask you what things you like and don't like. It's pretty common for buyers to update their list of must-haves as we tour homes and some things become more crucial than others. If that happens, I'll go back through the listings once more and trim it down to the house you've been waiting for.

Step 4 – Understand the housing market
An agent's awareness of the Covina home market is a crucial aspect in your home search. And I can assure you I'm mindful of all the neighborhoods and schools, and I can alert you to some neighborhoods are "hot" and warrant prompt action and the ones that are "cool" and allow for careful analysis.

As we tour homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell." Any REALTOR will convince you they understand the housing market, but be wary, and make sure you ask a lot of questions. If things don't add up, contact me at 6266087310 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will help you stay a step ahead through the entire deal.

Step 5 – Find your dream house
We'll find your dream home in the Covina area, and when we do, I'll meticulously develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies. A few examples are getting financing, finishing the inspection, and a clear title.

When turning in your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property. The amount is typically put towards the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the first offer, and it's really common to receive a counter offer. Don't let it discourage you. We'll talk over whether or not to accept the counter offer, submit 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 financing constraints. And when it's all said and done, we'll put together a deal that is best for you.

Step 7 – Obtain financing
After the deal is signed, you'll begin working with your mortgage lender to close the loan. If you're already pre-qualified, it won't take much time at all. But you'll want to keep in close contact with your mortgage lender. And I'll care for all the property information your lender will need to close the loan.

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

Then we'll close on your house. This will probably happen at a title company or escrow office and will most likely be a smooth and relaxed event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you call 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