Are you buying a new home in Rancho Palos Verdes? Excel Funding Real Estate Services, Inc. can help.

For most people, purchasing a home can be an intimidating event. But with some planning ahead of time, it's not too complex. So they understand exactly what they can expect, I'll supply buyers with an overview of the whole deal. These 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 address any questions you have regarding this information.

Step 1 – Prepare to purchase
There are a lot of things you need to do prior to beginning your home search. You'll most likely want to create an outline of items you want to have, get a plan of what neighborhoods you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is less than or close to a third of your monthly income is a good rule to follow.

Step 2 – Contact a real estate agent
This is where Excel Funding Real Estate Services, Inc. comes in. I'd love to plan a time to get together with you and communicate with you about why you want to buy a home and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Rancho Palos Verdes area, the mortgage industry, and any additional economic factors that may affect your buying decision today or in the future.

I can also 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'll assist you with deciding which type of loan is best for you and help you get approved.

Step 3 – Begin your home search
After we meet for the first time, I'll begin searching for houses on the market that meet your needs. I'll preview many of the homes and throw out the duds, and then we'll set up appointments to view the homes when it's most convenient for you.

As we view the homes, I'll call attention to positive features and bad ones. I'll even ask you to point out what things you like and don't like. It's pretty common for buyers to change their wish list as we view homes and some things become more essential than others. If that's the situation, I'll go back through all the listings again and narrow it down to the house of your dreams.

Step 4 – Understand the housing market
My awareness of the Rancho Palos Verdes market is a necessary factor in your house search. I'm mindful of all the school districts and neighborhoods, and I'll let you know what areas are "hot" and require immediate action and others that are "cold" and allow for more examination.

As we view houses, I'll let you know if the seller's asking price has room for negotiation or if I believe the house is "priced to sell." Any REALTOR in Rancho Palos Verdes will tell you they understand the home market, but keep an eye out, and make sure you ask your agent lots of questions. If it doesn't seem like they know everything, contact me at 3107842828 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will keep you a step ahead throughout the entire process.

Step 5 – Find your dream house
I'm certain we'll find the home of your dreams in the Rancho Palos Verdes area. When that happens, I'll precisely develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

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

Step 6 – Negotiate
Most contracts aren't closed on the first offer, and it's very common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that works well for you.

Step 7 – Obtain your loan
Upon finalizing the contract, you'll begin working with your lender to close the loan. It shouldn't take much time at all if you're already pre-approved, but you'll need to keep in close contact with your 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 give you a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application. The estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a tight range of accuracy, and I'll go over the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will probably happen at a title company or escrow office and is often a smooth and relaxed occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call 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