Are you contemplating purchasing your new home in South Bay & Palos Verdes? Larissa Rubijevsky can help.
Buying a home is a stressful event for many people. However, with a little up-front planning, it's not very confusing.
So they'll understand exactly what to expect, I'll provide buyers with an outline of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have regarding this information.
Step 1 – Get ready to purchase a home
Before you begin your home search, there are a lot of things you'll want to consider.
It's likely that you'll want to assemble an index of items you need, get an idea of what neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good principle to follow.
Step 2 – Communicate with a real estate agent in South Bay & Palos Verdes
This is where Larissa Rubijevsky comes in.
We'll schedule a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the South Bay & Palos Verdes area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.
In addition, I'll assist you with getting started on your loan.
Larissa Rubijevsky partners with some of the finest mortgage professionals in South Bay & Palos Verdes, so you're in great hands.
They'll assist you with determining which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet, I'll start searching for available homes on the market that are great for you.
I'll research many of the houses and eliminate the duds, and then we'll book appointments to view the houses at a time that's convenient for you.
As we tour homes, I'll identify positive features, as well as bad ones. I'll even ask you about things you like and don't like.
Most often, buyers update their wish list as we view houses and some items become far more necessary than others.
If such is the case, I'll go back through all the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Understand the market
An agent's awareness of the South Bay & Palos Verdes market is an imperative element in your home search. And I assure you I'm familiar with all the schools and neighborhoods, and I can communicate some neighborhoods are "hot" and demand prompt action and some that are "cool" and allow for thoughtful consideration.
As we tour homes, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask plenty of questions, as any real estate agent will claim to know the home market.
If things don't add up, call me at or e-mail me at , and I'd be more than happy to answer any questions you may have. My market expertise will keep you a step above the rest through the entire deal.
Step 5 – Find your dream house
I'm sure we'll find the house of your dreams in South Bay & Palos Verdes. When that happens, I'll precisely develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, completing the inspection, and a clear title.
Upon sending in your purchase offer, you'll likely want to present "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property, and it's usually applied to the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the first offer, and it's widely common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market conditions will play a part in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll compose a deal that is best for you.
Step 7 – Get financing
Once the deal is finished, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take long at all, but you need to keep in close contact with your mortgage lender.
And I'll deal with all the property information your mortgage lender needs 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 getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application.
This estimate depends on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a precise range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This will most often take place at a title company or escrow office and should be a smooth and comfortable event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you contact me at or e-mail me at .