Buying or selling a home in Rancho Palos Verdes? Excel Funding Real Estate Services, Inc. can help.

Buying a home is stressful for most people, but with some planning ahead of time, it isn't that hard. I like to give buyers an outline of the whole deal so they know exactly what to expect. Here are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Prepare to purchase
Prior to starting your home search, there are plenty of things you need to contemplate. You'll probably want to make a check list of features you need to have, get a feel for what school districts and neighborhoods you'd like to live in, and start planning around your budget. Ensuring your mortgage payment is around 1/3 of your monthly income is a good rule of thumb to go by.

Step 2 – Speak with a real estate agent in Rancho Palos Verdes
This is where Excel Funding Real Estate Services, Inc. comes in. We can set up a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Rancho Palos Verdes 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 start the loan process. Excel Funding Real Estate Services, Inc. partners with some of Rancho Palos Verdes's finest mortgage professionals, so you're in great hands. They can assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
Following our first meeting, I'll start finding homes on the market that are good for you. I'll research most of the homes and reject the bad ones, and then we'll set up appointments to view the houses when it's most convenient for you.

When we view the homes, I'll show you the good features, as well as negative ones. And I'll ask you about things you like and dislike. Most often, buyers amend their list of must-haves as we view houses and some items become more substantial than others. If that's the situation, I'll go back through all the listings once again and trim it down to the home of your dreams.

Step 4 – Get a grasp of the housing market
Your agent's awareness of the Rancho Palos Verdes housing market is an imperative element in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I will communicate certain districts are "hot" and warrant immediate action and the ones that are "cool" and allow for cautiousness.

As we view homes, I'll let you know when the asking price has room for negotiation and when I know the home is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions. Any real estate agent in Rancho Palos Verdes will tell you they comprehend the home market. If it seems like they don't know everything, just call me at 3107842828 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market expertise will help you stay a step ahead throughout the entire deal.

Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in Rancho Palos Verdes, and when we do, I'll precisely develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as getting financing, completing the inspection, and a clean title.

When presenting your offer, you'll probably want to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property. The amount is typically applied to the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the initial offer. It's pretty common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.

Market conditions will play a large 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 put together a deal that works well for you.

Step 7 – Obtain financing
Once we sign the final contract, you'll start working with your lender to close the loan. This won't be a long process at all if you're already pre-qualified, but you need to keep in close contact with your lender. And I'll handle all the property information your mortgage lender needs to close the loan.

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

Then it's time to close on your home. This will most often happen at a title company or escrow office and will likely be a smooth and pleasant occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to call me at 3107842828 or e-mail me at .