Buying or selling a home in Mission Viejo?
Buying a home can be stressful for most people, but it isn't that complicated with a bit of planning ahead of time.
So they'll know exactly what to expect, I will furnish buyers with a road map of the entire deal.
Here are my nine steps to buying a home.
If you have questions regarding any of this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
There are many things you should take into account before beginning your home search.
You'll probably want to assemble a check list of items you want to have, get a plan of what school districts and neighborhoods you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Connect with a real estate agent in Mission Viejo
This is where I can help.
I'd love to schedule a time to get together with you and speak with you regarding 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 Mission Viejo area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
There are some excellent mortgage professionals in Mission Viejo, and I partner with a lot of them, so you're in great hands.
They will assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Begin your search
After we meet, I'll start looking for available homes on the market that meet your needs.
I'll get a sneak peek of most of the homes and throw out the duds, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we tour homes, I'll point out good features and bad ones. I'll also ask you what things you like and dislike.
It's pretty common for buyers to update their list of must-haves as we view houses and some items become more substantial than others.
If that's the situation, I'll go back through the listings once more and trim it down to the house you've been waiting for.
Step 4 – Get a grasp of the housing market
My knowledge of the Mission Viejo home market is a fundamental aspect in your house search. I am informed of all the schools and neighborhoods, and I'll alert you to what districts are "hot" and call for prompt action and the ones that are "cold" and allow for careful examination.
As we tour houses, I'll let you know when the list price has room for bargaining and also when I believe the house is "priced to sell."
Every real estate agent will claim to truly understand the housing market, but take notice, and make sure you ask your agent a lot of questions.
If it seems like they don't know everything, call me at 949-280-0102 or e-mail me at , and I'd be happy to answer any questions you have. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the house of your dreams
We'll find your dream house in Mission Viejo, and when we do, I'll precisely create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clear title.
When we send in your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property, and it's most often 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 enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the initial offer. It's really common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to agree to 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 the state of the market.
In addition, we'll work within your financing budget. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Get a loan
After the deal is finalized, you'll begin working with your mortgage lender to close the loan.
This won't take long at all if you're already pre-approved, but you should to keep in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) of closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
This estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a precise range of accuracy, and I'll review the estimate and let you know if it all looks all right.
Then we'll close on your house. This will most often happen at a title company or escrow office and will most often be a smooth and relaxed occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just contact me at 949-280-0102 or e-mail me at .