Buying your home in Rancho Palos Verdes with Excel Funding Real Estate Services, Inc.

Buying a home is a stressful event for most people, but with some planning ahead of time, it's not too complicated. So they'll know exactly what they can expect, I like to provide buyers with a road map of the whole deal. Below 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 answer questions you have regarding this information.

Step 1 – Prepare to purchase a home
There are many things you need to take into account before you search for a home. You'll want to put together an outline of features you want, get a plan of what school districts you want to live in, and start planning around your budget. A good rule to go by is that your mortgage payment should be less than or close to a third of your net monthly income.

Step 2 – Get in touch with a real estate agent
That's where I can help. I'd love to set up a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Rancho Palos Verdes area.

I'll also help you facilitate the loan process. Excel Funding Real Estate Services, Inc. works with some of the best mortgage professionals in Rancho Palos Verdes, so you're in great hands. They can assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Start house-hunting
After our first meeting, I'll begin looking for houses on the market that are a great fit for you. I'll research most of the houses and remove the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.

When we view the houses, I'll show you the positive features and negative ones. I'll also ask you to talk about things you like and don't like. It's common for buyers to change their must-have list as we view homes and some things become far more necessary than others. If such is the case, I'll search the listings one more time and narrow it down to the house you've been waiting for.

Step 4 – Know the housing market
An agent's knowledge of the Rancho Palos Verdes housing market is a necessary component in your home search. And I assure you I'm mindful of all the neighborhoods and school districts, and I will communicate certain districts are "hot" and demand immediate action and some that are "cold" and allow for thoughtful consideration.

As we view houses, I'll let you know when the seller's list price has room for negotiation and also when I think the house is "priced to sell." Be careful and be sure to ask your agent plenty of questions, as every real estate agent in Rancho Palos Verdes will claim to comprehend the housing market. If it doesn't seem like they know everything, call me at 3107842828 or e-mail me at , and I'd be more than happy to answer any questions you may have. My understanding of the market will help you stay a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
We'll find the home of your dreams in Rancho Palos Verdes, and when we do, I'll carefully develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, completing the home inspection, and a clear title.

When sending in your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property. The amount is most often applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer, and it's extremely common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And at the end of the day, we'll put together a contract that is best for you.

Step 7 – Obtain your loan
After the deal is finished, you'll begin working with your lender to close the loan. If you're pre-qualified, it won't be a long process at all, but you'll need to stay in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender needs to close the loan.

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

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

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just contact me at 3107842828 or e-mail me at .

Excel Funding Real Estate Services, Inc.

28924 South Western Avenue, Suite 110
Rancho Palos Verdes, CA 90275