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

With some up-front planning, purchasing a home isn't very complex, but the event is stressful for a lot of people. I like to give buyers a road map of the entire deal so they know exactly what to expect. Here 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 happy to address questions you have regarding this information.

Step 1 – Prepare to buy
There are many things you need to consider prior to commencing your home search. You'll probably want to make a list of features you need to have, get a feeling for what school districts and neighborhoods you'd like to live in, and start working on your budget. A good principle to adhere to is that your mortgage payment should be less than or close to 1/3 of your net monthly income.

Step 2 – Communicate with a real estate agent
This is where I can help. We can set up a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts in the Rancho Palos Verdes area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.

In addition, I'll help you start the loan process. There are some excellent mortgage professionals in Rancho Palos Verdes, and I partner with a lot of them, so you're in great hands. They will help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Start house hunting
After we meet, I'll begin finding available houses on the market that are good for you. I'll preview many of the houses and ignore the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.

When we view the homes, I'll point out good features and negative ones. I'll even ask you to point out what things you like and dislike. Frequently, buyers revise their wish list as we view houses and some features become far more crucial than others. If such is the case, I'll go back through all the listings one more time and narrow it down to the home of your dreams.

Step 4 – Get a grasp of the market
My awareness of the Rancho Palos Verdes home market is a crucial component in your home search. I'm conscious of all the neighborhoods and school districts, and I can communicate which districts are "hot" and demand prompt action and the ones that are "cool" and allow for thoughtful examination.

As we tour homes, I'll let you know when the asking price has room for negotiation and also when I think the home is "priced to sell." When working with an agent, trust your instincts and be sure to ask a lot of questions. Any REALTOR will tell you they understand the market. If it seems like they don't know everything, just call me at 3107842828 or e-mail me at , and I'll be glad to answer any questions you may have. My market knowledge will help you stay a step ahead throughout the entire process.

Step 5 – Find the house of your dreams
We'll find the house of your dreams in Rancho Palos Verdes, and when we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

When presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer, and it's very common to receive a counter offer. Don't let this discourage you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.

Market conditions will play a large role in how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll formulate a deal that's best for you.

Step 7 – Obtain your loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you're already pre-qualified, this won't take long at all. However, you'll need to keep in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of getting your application. The estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will likely occur at a title company or escrow office and will probably be a smooth and relaxing occasion.

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