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

Buying a home is an intimidating event for many people, but it's not all that complicated with a bit of planning ahead of time. I like to supply buyers with an outline of the entire deal so they know exactly what to expect. These 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 address any questions you have about this information.

Step 1 – Prepare to buy a home
There are several things you need to do prior to commencing your home search. When you start your search, you'll want to put together a check list of items you want, plan for what neighborhoods you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than 1/3 of your monthly income is a good rule of thumb to adhere to.

Step 2 – Speak with a real estate agent in Rancho Palos Verdes
This is where Excel Funding Real Estate Services, Inc. comes in. We'll set up a time to get together so we can talk about why you want to buy a home 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 may affect your buying decision today or in the future.

I can also help you get started on your loan. I partner with some of the finest mortgage professionals in Rancho Palos Verdes, so you can rest assured that you're in great hands. They can assist you in deciding which kind of loan is best for you and help you get qualified.

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Step 3 – Start your home search
After our initial meeting, I'll start looking for houses on the market that are great for you. I'll research most of the homes and eliminate the bad ones, and then we'll schedule appointments to tour the houses when it's convenient for you.

As we tour the houses, I'll identify positive features, as well as negative ones. And I'll ask you to point out what things you like and dislike. It's widely common for buyers to amend their wish list as we view houses and some features become far more important than others. If that's the situation, I'll go back through the listings once again and trim it down to the house of your dreams.

Step 4 – Comprehend the market
An agent's understanding of the Rancho Palos Verdes home market is an imperative factor in your house search. And I can assure you I'm acquainted with all the schools and neighborhoods, and I will communicate certain areas are "hot" and warrant immediate action and some that are "cool" and allow for thoughtful examination.

As we tour houses, I'll let you know if the seller's list price has room for negotiation or if I believe the home is "priced to sell." Be on guard and be sure to ask plenty of questions, as any REALTOR will tell you they know the market. If things don't add up, call me at 310-784-2828 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will help you stay a step ahead throughout the entire deal.

HouseStep 5 – Find the home you've been waiting for
I'm confident we'll find your dream home in the Rancho Palos Verdes area. When we do, I'll thoroughly create your home purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as getting financing, completing the inspection, and a clean title.

Upon submitting your offer, you'll probably need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property. The amount is often put towards the closing costs. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer – it's widely common to receive a counter offer. Don't let this intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that's best for you.

Step 7 – Obtain your loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan. If you've been pre-approved, this won't take much time at all. But you should to stay in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

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

Then it's time to close on your home. This will probably happen at a title company or escrow office and will probably be a smooth and hassle-free affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 310-784-2828 or e-mail me at .

Excel Funding Real Estate Services, Inc.

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