Let Larissa Rubijevsky help you with buying a home in South Bay & Palos Verdes

Buying a home is intimidating for a lot of people. However, with a little up-front planning, it isn't all that hard. So they'll know exactly what they can expect, I will give buyers an overview of the whole deal. Here are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Get ready to buy a home
Before you start searching for a home, there are several things you need to do. When you begin your search, you'll want to assemble a check list of features you want, get a feel for what neighborhoods you want to live in, and start planning your budget. Keeping your mortgage payment less than or close to 30 percent of your net monthly income is a good rule to follow.

Step 2 – Speak with a real estate agent in South Bay & Palos Verdes
That's where I come in. We'll schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the South Bay & Palos Verdes area.

I can also help you start the loan process. There are some excellent mortgage professionals in South Bay & Palos Verdes, and I work with a lot of them, so you're in great hands. They can assist you in figuring out which type of loan is best for you and help you get qualified.

Step 3 – Begin your search
After our initial meeting, I'll begin looking for available houses on the market that are good for you. I'll research many of the houses and remove the duds, and then we'll set up appointments to view the houses when it's most convenient for you.

When we view the houses, I'll show you the good features, as well as negative ones. I'll even ask you about things you like and dislike. It's common for buyers to update their list of must-haves as we view homes and some features become far more crucial than others. If that's the case, I'll search the listings once more and narrow it down to the house of your dreams.

Step 4 – Understand the housing market
Your agent's knowledge of the South Bay & Palos Verdes housing market is a necessary aspect in your home search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will let you know what districts are "hot" and demand immediate action and the ones that are "cold" and allow for careful analysis.

As we view homes, I'll be sure to tell you when the seller's asking price has room for negotiation and when I believe the house is "priced to sell." Trust your instincts and be sure to ask your agent a lot of questions, as any REALTOR in South Bay & Palos Verdes will tell you they truly know the home market. If things don't add up, contact me at or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been waiting for
I'm confident we'll find your dream home in South Bay & Palos Verdes. When we do, I'll carefully 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 acquiring financing, completing the inspection, and a clear title.

When we submit your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property. The amount is often applied to the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals don't close on the first offer. It's widely common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market conditions will play a vital 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 put together a deal that works well for you.

Step 7 – Secure your loan
After the contract is complete, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, this won't be a long process 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) outlining closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking 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 analyze the estimate and let you know if everything looks adequate.

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

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just contact me at or e-mail me at .