Buying or selling a home in Rancho Palos Verdes?

For many people, buying a home can be an intimidating event. But with a bit of planning ahead of time, it isn't that hard. So they'll understand exactly what to expect, I'll supply buyers with an overview of the entire deal. Here are my nine steps to buying a home. Should you have questions about this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to buy
Prior to beginning your home search, there are many things you'll want to contemplate. It's likely that you'll want to create an outline of items you need, plan for what neighborhoods and school districts you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than or close to 30 percent of your net 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. We can set up a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, schools in the Rancho Palos Verdes area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.

I can also help you facilitate the loan process. There are some very good mortgage professionals in Rancho Palos Verdes, and I partner with a lot of them, so you'll be in great hands. They will help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a home
Following our initial meeting, I'll start looking for available homes on the market that are a great fit for you. I'll get a sneak peek of most of the homes and exclude the duds, and then we'll book appointments to view the houses at a time that's convenient for you.

As we view homes, I'll point out good features and bad ones. And I'll ask you about things you like and don't like. It's pretty common for buyers to amend their list of must-haves as we tour homes and some features become far more important than others. If that happens, I'll look through all the listings again and narrow it down to the house you've been wishing for.

Step 4 – Know the market
An agent's knowledge of the Rancho Palos Verdes housing market is a necessary aspect in your home search. And I assure you I'm familiar with all the school districts and neighborhoods, and I'll alert you to what areas are "hot" and demand prompt action and others that are "cool" and allow for more analysis.

When we view houses, I'll let you know when the seller's asking price has room for negotiation and also when I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask plenty of questions. Any REALTOR in Rancho Palos Verdes will convince you they know the housing market. If things don't add up, just call me at 3107842828 or e-mail me at , and I'd be happy to answer any questions you might have. My market expertise will help you stay a step ahead throughout the entire process.

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

When we present your purchase offer, you'll probably want to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property and is typically applied to the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the initial offer – it's very common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a part in how aggressively we negotiate the contract. We'll also work within your budget. And at the end of the day, we'll formulate a contract that works well for you.

Step 7 – Obtain a loan
Once the contract is signed, you'll start working with your lender to close the loan. It shouldn't take long at all if you're already pre-qualified, but you'll want to stay in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender will need 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 accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your loan application. This estimate depends on the loan amount. RESPA requirements mandate that it has to include 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 adequate.

Then we'll close on your home. This will most often take place at a title company or escrow office and will most often be a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you 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