Buying a new home in Rolling Hills Estates with Larissa Rubijevsky
With a little up-front planning, buying a home isn't too complex, but the event can be stressful for a lot of people. So you know exactly what to expect, I like to supply my buyers with an outline of the whole deal. These are my nine steps to buying a home.
When you're ready to get started, you can contact me here or send me e-mail
. I'm glad to address any questions you have about this information.
Step 1 – Get ready to purchase a home
Before you commence your home search, there are plenty of things you need to take into account. You'll probably want to create an outline of features you need, get an idea of what neighborhoods you'd like to live in, and start planning your budget. A good principle to adhere to is that your mortgage payment should be 1/3 of your monthly income.
Step 2 – Communicate with a real estate agent in Rolling Hills Estates
This is where Larissa Rubijevsky can help. I can book a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Rolling Hills Estates area.
I can also help you get started on your loan. There are some very good mortgage professionals in Rolling Hills Estates, and I work with a lot of them, so you're in great hands. They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin your search
After our first meeting, I'll start searching for available homes on the market that are good for you. I'll get a sneak peek of many of the homes and exclude the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.
When we tour the houses, I'll identify good features and bad ones. I'll also ask you about things you like and don't like. Usually, buyers update their list of must-haves as we view houses and some items become far more crucial than others. If that happens, I'll go back through the listings once again and trim it down to the home you've been wishing for.
Step 4 – Understand the market
Your agent's knowledge of the Rolling Hills Estates housing market is an essential element in your home search. And I assure you I'm mindful of all the neighborhoods and school districts, and I'll let you know what areas are "hot" and call for prompt action and the others that are "cold" and allow for more consideration.
As we tour homes, I'll make sure to communicate when the seller's list price has room for bargaining and when I know the house is "priced to sell." Trust your instincts and be sure to ask lots of questions, as any real estate agent in Rolling Hills Estates will convince you they comprehend the market. If it doesn't seem like they know everything, call me at (310) 387-1414 or e-mail me at email@example.com, and I'd be happy to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you've been looking for
I'm certain we'll find the house of your dreams in the Rolling Hills Estates area. When we do, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind, including some contingencies. A few examples are acquiring financing, finishing the home inspection, and a clean title.
When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property, and it's usually put towards the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the beginning offer – it's widely 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 refuse the seller's offer and move on.
The state of the market will play a part in how aggressively we negotiate the contract. We'll also work within your financing constraints. And when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Obtain your loan
Upon finishing the contract, you'll start working with your lender to close the loan. If you're already pre-qualified, it shouldn't be a long process at all, but you'll want to stay in close contact with your lender. And I'll handle all the property information your lender will need to close the loan.>
Step 8 – Close the deal
Your lender will give you a Good Faith Estimate (GFE) detailing your closing costs within three days of getting your application. The estimate is formed from the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks all right.
Then we'll close on your house. This will likely occur at a title company or escrow office and will most often be a smooth and relaxed occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just contact me at (310) 387-1414 or send me an e-mail.