Buying or selling a home in Rancho Palos Verdes?

For most people, purchasing a home is a stressful event. However, with some up-front planning, it's not too complex. I like to furnish buyers with an outline of the whole deal so they understand exactly what to expect. 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 happy to answer any questions you have regarding this information.

Step 1 – Prepare to buy
There are plenty of things you should consider prior to beginning your home search. When you start your search, you'll want to form a checklist of features you want to have, get a feel for what neighborhoods and school districts you'd like to live in, and start planning your budget. Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good guideline to adhere to.

Step 2 – Connect with a real estate agent in Rancho Palos Verdes
This is where Excel Funding Real Estate Services, Inc. can help. We'll set up 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 neighborhoods, schools in the Rancho Palos Verdes area, the mortgage and housing industries, and any other economic factors that could affect your buying decision today or in the future.

In addition, I'll assist you with getting started on your loan. There are some very good mortgage professionals in Rancho Palos Verdes, and I work with a lot of them, so you'll be in great hands. They will assist you in choosing which type of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
After our initial meeting, I'll begin searching for houses on the market that suit your needs. I'll preview most of the houses and throw out the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.

When we tour the homes, I'll call attention to good features and bad ones. And I'll ask you about things you like and dislike. It's pretty common for buyers to amend their wish list as we tour homes and some things become more important than others. If that's the case, I'll go back through the listings another time and narrow it down to the house you've been waiting for.

Step 4 – Get a grasp of the housing market
My knowledge of the Rancho Palos Verdes home market is a crucial aspect in your home search. I am acquainted with all the neighborhoods and schools, and I will alert you to which neighborhoods are "hot" and demand prompt action and others that are "cold" and allow for careful examination.

When we view homes, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the house is "priced to sell." Any REALTOR will claim to comprehend the home market, but take note, and be sure to ask your agent lots of questions. If it doesn't seem like they know everything, call me at 3107842828 or e-mail me at , and I'll be more than happy to answer your questions. My market knowledge will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
I'm certain we'll find your dream house in the Rancho Palos Verdes area. When we do, I'll carefully create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

Upon sending in your offer, most likely you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property. The amount is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the first offer – it's really common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.

The state of the market will play a part in how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll compose a deal that is best for you.

Step 7 – Get financing
After the contract is complete, you'll start working with your mortgage lender to close the loan. It won't take much time at all if you're pre-approved, but you need to keep in close contact with your mortgage lender. And I'll deal with all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your loan application. This estimate is based on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a tight range of accuracy. I'll study the estimate and let you know if it all looks good.

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

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