Are you looking to buy a new home in La Mesa? Rock Solid Real Estate Co. can help.Purchasing a home can be stressful for many people. However, with a little planning ahead of time, it isn't too complex. So you'll know exactly what to expect, I like to give my buyers an overview of the whole deal. Here are my nine steps to buying a home.
|Should you have questions about any of this information or if you're prepared to get started, you can contact me here or send e-mail to Lily Pigg.|
Step 1 – Prepare to buy
There are several things you need to contemplate prior to starting your home search. When you begin your search, you'll want to put together a check list of items you need, get an idea of what neighborhoods and school districts you'd like to live in, and begin working on your budget. A good rule of thumb to follow is that your mortgage payment should be less than or around a third of your net monthly income.
Step 2 – Talk to a real estate agent
This is where I can help. I'd be happy to plan a time to get together 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 school districts in the La Mesa area.
In addition, I'll help you facilitate the loan process. There are some very good mortgage professionals in La Mesa, and I work with a lot of them, so you'll be in great hands. They'll assist you in choosing which type of loan is best for you and help you get approved.
Step 3 – Start your search
After our initial meeting, I'll begin searching for available houses on the market that are great for you. I'll get a sneak peek of many of the houses and eliminate the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.
As we tour the houses, I'll identify positive features, as well as bad ones. And I'll ask you to tell me about things you like and dislike. It's common for buyers to revise their list of must-haves as we tour houses and some things become more crucial than others. If such is the case, I'll search all the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Get a feel for the market
Your agent's awareness of the La Mesa market is an essential component in your home search. And I assure you I'm conscious of all the school districts and neighborhoods, and I can let you know which areas are "hot" and demand immediate action and the others that are "cold" and allow for thoughtful analysis.
As we view homes, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be careful and make sure you ask a lot of questions, as every REALTOR® in La Mesa will claim to truly understand the market. If it appears they don't know everything, just call me at 619.666.4672 or e-mail me at email@example.com, and I'd be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house you've been waiting for
I know we'll find the house of your dreams in La Mesa, and when we do, I'll thoroughly develop your purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
Upon submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property and is typically put towards the cost of closing. If the seller accepts your offer, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer, and it's extremely common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a role in how aggressively we negotiate the deal. We'll also work within your budget. And when it's all said and done, we'll compose a deal that's best for you.
Step 7 – Obtain a loan
Once we sign the final deal, you'll start working with your mortgage lender to close the loan. If you're already pre-qualified, this shouldn't take very long at all. However, you'll want to stay in close contact with your lender. And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Good Faith Estimate (GFE) of your closing costs within three days of getting your loan application. This estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a tight range of accuracy. I'll review the estimate and let you know if everything looks permissible.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and is often a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply call me at 619.666.4672 or send me an e-mail.