9 Steps To Owning

With some planning ahead of time, buying a home isn’t that confusing, but the event can be stressful for many people. I like to give buyers an outline of the entire deal so they’ll understand exactly what to expect. These are my nine steps to purchasing a home.

When you’re ready to get started, simply contact me here or send me e-mail. I’m happy to answer any questions you have about this information.

Step 1 – Prepare to buy

There are plenty of things you should take into account before you search for a home. When you start your search, you’ll want to put together a list of features you need to have, get a feeling for what neighborhoods and school districts you’d like to live in, and start planning your budget. A good principle to go by is that your mortgage payment should be around 1/3 of your monthly income.

Step 2 – Get in touch with a knowledgeable real estate agent

That’s where I come in. I’ll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We’ll discuss neighborhoods, school districts in the Irvine area, the mortgage industry, and any additional economic factors that could affect your purchase today or in the future.

I can also help you begin the loan process. I partner with some of the finest mortgage professionals in Irvine, so you’ll be in great hands. They’ll help you figure out which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a home

After our initial meeting, I’ll start finding available homes on the market that meet your needs. I’ll preview many of the homes and exclude the bad ones, and then we’ll schedule appointments to tour the houses whenever it’s most convenient for you.

couple_computer_04When we view houses, I’ll call attention to good features, as well as bad ones. And I’ll ask you to point out what things you like and dislike. It’s widely common for buyers to revise their wish list as we tour houses and some items become more substantial than others. If that’s the case, I’ll look through the listings once again and narrow it down to the house you’ve been dreaming about.

Step 4 – Understand the market

Your agent’s understanding of the Irvine home market is an imperative factor in your home search. And I assure you I’m acquainted with all the schools and neighborhoods, and I’ll let you know certain areas are “hot” and warrant immediate action and the others that are “cool” and allow for more consideration.

When we tour houses, I’ll make sure to communicate when the seller’s list price has room for bargaining and also when I think the house is “priced to sell.” When working with an agent, trust your instincts and make sure you ask a lot of questions, as any REALTOR® will convince you they know the market. If things don’t add up, just call me at (714) 856-7003 or e-mail me at homes@sylviajonathan.com, and I’ll be glad to answer any questions you may have. My market specialistise will keep you a step ahead throughout the entire deal.

Step 5 – Find the house of your dreams

holding_small_houseI know we’ll find your dream home in the Irvine area. When that happens, I’ll thoroughly develop your home purchase offer. The offer will be tailored with your needs in mind, including many contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.

Let me guide you through finding your dream home in Irvine When we present your offer, you’ll want to present “earnest money.” This is a cash deposit submitted to the home seller to secure the offer to buy the property, and it’s typically applied to the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal

A lot of contracts don’t close on the first offer, and it’s extremely common to receive a counter offer. Don’t let this alarm you. We’ll figure out whether or not to accept the counter offer, propose our own counter offer, or decline the seller’s offer and go on.

Market conditions will play a role in how aggressively we negotiate the contract. We’ll also work within your budget. And when it’s all said and done, we’ll assemble a contract that’s best for you.

Step 7 – Secure your loan

After the contract is finished, you’ll begin working with your lender to close the loan. If you’ve been pre-qualified, this shouldn’t be a long process at all. However, you’ll want to stay 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 Good Faith Estimate (GFE) of your closing costs from your lender within three days of getting your loan application. The estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a tight range of accuracy. I’ll go over the estimate and let you know if everything looks adequate.

Then it’s time to close on your house. This will most likely occur at a title company or escrow office and should be a smooth and comfortable affair.

Step 9 – Move in

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You made it! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at (714) 856-7003 or send me an e-mail.

As your Buyer's Agent, I can help you find the perfect house for you, and as your Listing Agent, I'll get top dollar for your property. Call me, Irvine's real estate expert, at (714) 856-7003. I can help you make the decision that gets the outcome you want.

Email Me: Homes@SylviaJonathan.com
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