Buying or selling a home in Palos Verdes Estates? RE/MAX Estate Properties can help.

Buying a home intimidates many people, but with some planning ahead of time, it's not that hard. So they know exactly what they can expect, I'll furnish buyers with an outline of the entire deal. Here are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have about this information.

Step 1 – Get ready to buy
There are a lot of things you should contemplate before starting your home search. When you begin your search, you'll probably want to assemble a list of items you need to have, plan for what neighborhoods and school districts you'd like to live in, and start planning your budget. A good guideline to follow is that your mortgage payment should be 30 percent of your monthly income.

Step 2 – Get in touch with a real estate agent
This is where I can help. I'd love to schedule a time to meet with you and speak with you about your real estate needs and get an idea of your future plans. We'll discuss everything from neighborhoods, schools in the Palos Verdes Estates area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.

I'll also assist you with getting started on your loan. RE/MAX Estate Properties partners with some of the best mortgage professionals in Palos Verdes Estates, so you're in great hands. They will help you choose which type of loan is best for you, as well as help you get qualified.

Step 3 – Start looking
After we meet for the first time, I'll start finding available homes on the market that best suit you. I'll preview most of the houses and ignore the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.

When we view the homes, I'll point out positive features, as well as negative ones. I'll even ask you to talk about things you like and don't like. It's common for buyers to change their must-have list as we view homes and some items become far more necessary than others. If that's the situation, I'll search all the listings once more and trim it down to the house of your dreams.

Step 4 – Know the market
An agent's knowledge of the Palos Verdes Estates market is a necessary aspect in your home search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I'll let you know which areas are "hot" and warrant immediate action and others that are "cold" and allow for careful analysis.

When we view houses, I'll be sure to tell you when the asking price has room for bargaining and when I believe the home is "priced to sell." Be mindful and make sure you ask your agent lots of questions, as every REALTOR will tell you they comprehend the home market. If it appears they don't know everything, call me at 310 346-0391 or e-mail me at , and I'd be happy to answer any questions you might have. My knowledge of the market will help you stay a step ahead throughout the entire process.

Step 5 – Find the house you've been looking for
We'll find your dream house in Palos Verdes Estates, and when we do, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.

When turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is typically applied to the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the beginning offer, and it's extremely common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

The state of the market will play a role in how aggressively we negotiate the deal. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Obtain financing
After we sign the final deal, you'll begin working with your mortgage lender to close the loan. If you've been pre-approved, it won't take much time at all. But you should to keep in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application. The estimate depends on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if it all looks adequate.

Then it's time to close on your house. This will likely occur at a title company or escrow office and should be a smooth and relaxing event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at 310 346-0391 or e-mail me at .

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