Looking to purchase your home in Covina? In Home Realty can help.

With a little up-front planning, purchasing a home isn't too complex, but the event is stressful for a lot of people. I like to give buyers an overview of the whole deal so they'll understand exactly what to expect. These are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have regarding this information.

Step 1 – Get ready to purchase
There are plenty of things you should do before commencing your home search. You'll probably want to make a checklist of features you need to have, get a feel for what school districts you want to live in, and begin planning your budget. Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good rule to go by.

Step 2 – Communicate with a real estate agent in Covina
That's where I come in. We can plan a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage industry, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and school districts in the Covina area.

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

Step 3 – Start house-hunting
After our first meeting, I'll start searching for homes on the market that suit your needs. I'll get a sneak peek of many of the homes and throw out the duds, and then we'll book appointments to view the homes when it's convenient for you.

As we tour houses, I'll identify good features and negative ones. I'll also ask you what things you like and dislike. Generally, buyers update their wish list as we view houses and some features become far more necessary than others. If that's the situation, I'll look through the listings another time and narrow it down to the house you've been wishing for.

Step 4 – Get a grasp of the housing market
Your agent's awareness of the Covina home market is an imperative component in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I can alert you to what neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for cautiousness.

As we view houses, I'll let you know when the seller's list price has room for bargaining and when I trust the home is "priced to sell." When working with an agent, trust your instincts and be sure to ask lots of questions. Any real estate agent in Covina will convince you they know the home market. If things don't add up, contact me at 6266087310 or e-mail me at , and I'd be glad to answer any questions you might have. My market expertise will keep you a step above the rest throughout the entire process.

Step 5 – Find your dream home
I'm certain we'll find your dream house in Covina. When that happens, I'll thoroughly develop your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, completing the inspection, and a clean title.

When we turn in your offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property and is usually put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer, and it's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

The state of the market will play a vital role in how aggressively we negotiate the contract. In addition, we'll work within your budget. And at the end of the day, we'll compose a contract that's best for you.

Step 7 – Get financing
Upon completion of the deal, you'll start working with your lender to close the loan. If you've been pre-qualified, this shouldn't take very long at all, but you should to keep in close contact with your mortgage lender. And I'll deal with 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) outlining your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your application. The estimate depends on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks good.

Then it's time to close on your house. This will most likely occur at a title company or escrow office and will probably be a smooth and stress-free occasion.

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