Let Pat Douglas Realtors help you with purchasing your home in Inglewood
Buying a home is intimidating for a lot of people, but with a bit of planning ahead of time, it's not all that complicated.
I like to furnish buyers with a road map of the entire deal so they'll know exactly what they can expect.
Below are my nine steps to purchasing a home.
If you have any questions about this information or if you're ready to get started, just contact me here or e-mail me at .
Before you commence your home search, there are a lot of things you need to consider. When you begin your search, you'll want to put together an outline of items you need to have, plan for what school districts and neighborhoods you'd like to live in, and start planning your budget. A good rule of thumb to adhere to is that your mortgage payment should be around a third of your net monthly income. Step 2 – Talk to a real estate agent in Inglewood
This is where I come in. I'd be more than happy to book a time to meet with you and communicate with you about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Inglewood area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I can also help you start the loan process. There are some excellent mortgage professionals in Inglewood, and I work with a lot of them, so you can rest assured that you're in great hands. They'll help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
After we meet for the first time, I'll start looking for available houses on the market that meet your needs. I'll preview most of the houses and eliminate 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 positive features and negative ones. And I'll ask you what things you like and dislike. It's widely common for buyers to amend their must-have list as we tour homes and some features become more necessary than others. If that's the case, I'll look through all the listings once again and trim it down to the home you've been waiting for.
Step 4 – Understand the housing market
Your agent's awareness of the Inglewood market is a necessary agent in your house search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will communicate some neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for more examination.
When we tour houses, I'll make sure to communicate if the asking price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions, as every REALTOR will claim to understand the market.
If it seems like they don't know everything, just call me at 323754-8283 or e-mail me at , and I'd be happy to answer any questions you have. My understanding of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream home
I know we'll find the home of your dreams in the Inglewood area. When that happens, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, completing the inspection, and a clear title.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer – it's very common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and go on.
Step 7 – Secure your loan
Upon completion of the deal, you'll begin working with your mortgage lender to close the loan. If you've been pre-qualified, it won't take very long at all. But you'll need to keep in close contact with your lender. And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your application. This estimate depends on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks all right.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call me at 323754-8283 or e-mail me at .