Buying or selling a home in Huntington Beach? Jody and Lorie - Remax TerraSol can help.
Purchasing a home is intimidating for many people. However, with some planning ahead of time, it isn't very confusing.
I like to provide buyers with an outline of the entire deal so they understand exactly what they can expect.
These are my nine steps to buying a home.
Should you have any questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy
There are a lot of things you'll want to contemplate before beginning your home search.
When you start your search, you'll want to form a list of features you want to have, plan for what school districts and neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment less than or around a third of your net monthly income is a good rule to adhere to.
Step 2 – Communicate with a real estate agent in Huntington Beach
This is where I can help.
I'd be more than happy 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 discuss everything from neighborhoods, schools in the Huntington Beach area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
Jody and Lorie - Remax TerraSol works with some of the finest mortgage professionals in Huntington Beach, so you're in great hands.
They will assist you with determining which type of loan is best for you and help you get qualified.
Step 3 – Begin your home search
After our initial meeting, I'll begin finding available houses on the market that are great for you.
I'll research most of the houses and throw out the duds, and then we'll set up appointments to tour the homes when it's convenient for you.
As we tour homes, I'll show you the positive features and bad ones. I'll even ask you to tell us about things you like and dislike.
Generally, buyers revise their must-have list as we tour houses and some items become more crucial than others.
If that happens, I'll look through all the listings once more and trim it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
An agent's knowledge of the Huntington Beach housing market is a crucial element in your house search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I can let you know what areas are "hot" and require prompt action and some that are "cool" and allow for thoughtful examination.
When we tour houses, I'll make sure to communicate if the list price has room for bargaining or if I believe the home is "priced to sell."
Any REALTOR will convince you they truly understand the housing market, but be wary, and make sure you ask your agent a lot of questions.
If things don't add up, just call me at (714) 595-5103 or e-mail me at , and I'll be glad to answer any questions you have. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
I'm certain we'll find your dream house in the Huntington Beach area. When we do, I'll precisely create your home purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When sending in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property and is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the first offer, and it's pretty common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Secure a loan
Upon signing the contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, it won't take much time at all. However, you'll need to stay in close contact with your lender.
And I'll take care of 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) of closing costs from your lender within three days of taking your loan application.
This estimate rests on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a close range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most often take place at a title company or escrow office and is often a smooth and easygoing event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at (714) 595-5103 or e-mail me at .