Buying your home in Rancho Cucamonga with Raquel Perez
For a lot of people, purchasing a home can be a stressful event. However, with a little planning ahead of time, it's not very hard.
So you'll know exactly what to expect, I like to supply my buyers with an overview of the whole deal.
Here are my nine steps to purchasing a home.
Step 1 – Get ready to buy
There are many things you need to contemplate before beginning your home search.
When you begin your search, you'll probably want to assemble an outline of features you need, get a plan of what school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than a third of your monthly income is a good principle to adhere to.
Step 2 – Get with a real estate agent in Rancho Cucamonga
This is where I can help.
I'd be more than happy to set up a time to meet with you and speak with you about your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Rancho Cucamonga area.
In addition, I'll help you facilitate the loan process.
I work with some of Rancho Cucamonga's best mortgage professionals, so you're in great hands.
They will help you choose which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
After our first meeting, I'll begin searching for homes on the market that are great for you.
I'll preview most of the houses and eliminate the bad ones, and then we'll book appointments to tour the houses when it's most convenient for you.
When we view homes, I'll point out positive features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
It's pretty common for buyers to revise their wish list as we view houses and some things become more crucial than others.
If that's the case, I'll go back through the listings again and narrow it down to the house of your dreams.
Step 4 – Understand the market
My awareness of the Rancho Cucamonga home market is a crucial benefit in your home search. I am familiar with all the schools and neighborhoods, and I'll alert you to certain neighborhoods are "hot" and call for prompt action and the rest that are "cold" and allow for careful examination.
As we tour homes, I'll make sure to communicate if the list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions. Every REALTOR® will claim to know the home market.
If things don't add up, call me at 951-334-9220 or e-mail me at firstname.lastname@example.org, and I'll be happy to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
I'm sure we'll find the house of your dreams in the Rancho Cucamonga area, and when that happens, I'll thoroughly create your real estate purchase offer. The offer will be tailored to suit your needs. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
When sending in your offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer. It's pretty common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing budget. And at the end of the day, we'll assemble a contract that's best for you.
Step 7 – Secure financing
After we sign the final deal, you'll start working with your mortgage lender to close the loan.
This won't take long at all if you've been 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
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
This estimate depends on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a precise range of accuracy, and I'll analyze the estimate and let you know if it all looks good.
Then we'll close on your home. This will probably take place at a title company or escrow office and will most often be a smooth and calm occasion.
Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you contact me at 951-334-9220 or send me an e-mail.