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Are you contemplating buying a home in Inglewood?

With some up-front planning, buying a home isn't that difficult, but the event can be stressful for many people. So they understand exactly what to expect, I like to give buyers an outline of the whole deal. Below are my nine steps to buying a home. If you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
There are plenty of things you'll want to do before you start looking for a home. When you begin your search, you'll probably want to put together a check list of features you need to have, get a feeling for what neighborhoods and school districts you want to live in, and start planning your budget. A good rule of thumb to go by is that your mortgage payment should be around 30 percent of your net monthly income.

Step 2 – Communicate with a real estate agent
This is where I come in. We'll arrange 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 discuss neighborhoods, school districts in the Inglewood area, the mortgage industry, and any other economic factors that could potentially affect your purchase today or in the future.

I'll also help you facilitate the loan process. There are some very good mortgage professionals in Inglewood, and I partner with a lot of them, so you'll be in great hands. They'll assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start looking
Following our first meeting, I'll start searching for homes on the market that best suit you. I'll research many of the homes and ignore the bad ones, and then we'll book appointments to view the homes whenever it's convenient for you.

As we tour the homes, I'll show you the good features and negative ones. And I'll ask you what things you like and dislike. It's pretty common for buyers to change their list of must-haves as we view houses and some items become more substantial than others. If that's the case, I'll look through all the listings one more time and trim it down to the house you've been waiting for.

Step 4 – Get a grasp of the market
My awareness of the Inglewood market is an essential element in your house search. I'm informed of all the neighborhoods and schools, and I'll let you know what areas are "hot" and warrant immediate action and some that are "cool" and allow for careful analysis.

When we view houses, I'll let you know when the asking price has room for bargaining and also when I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions. Any real estate agent will claim to know the home market. If things don't add up, contact me at 323754-8283 or e-mail me at , and I'd be glad 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 the home of your dreams
We'll find the house of your dreams in the Inglewood area, and when that happens, I'll carefully create your home purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are obtaining financing, completing the home inspection, and a clean title.

When we turn in your offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property. The amount is usually applied to the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the beginning offer. It's really common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to consent to 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 big part in how aggressively we negotiate the contract. We'll also work within your budget. And at the end of the day, we'll formulate a deal that is best for you.

Step 7 – Obtain your loan
Upon completing the deal, you'll begin working with your mortgage lender to close the loan. If you're already pre-qualified, this won't take much time at all, but you'll want to stay in close contact with your mortgage lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) of your closing costs within three days of receiving 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 rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if everything looks adequate.

Then we'll close on your house. This will most likely happen at a title company or escrow office and should be a smooth and calm occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 323754-8283 or e-mail me at .

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