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Are you buying a home in Inglewood? Pat Douglas Realtors can help.

With a little planning ahead of time, purchasing a home isn't all that confusing, but the event is stressful for a lot of people. I like to furnish buyers with an overview of the entire deal so they understand exactly what they can expect. These are my nine steps to buying a home. Should you have questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
There are a lot of things you'll want to consider before beginning your home search. When you begin your search, you'll probably want to form a checklist of items you need, plan for what neighborhoods and school districts you want to live in, and start planning around your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to adhere to.

Step 2 – Connect with a real estate agent in Inglewood
This is where Pat Douglas Realtors comes in. We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll discuss 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'll also assist you in getting started on your loan. Pat Douglas Realtors works with some of the finest mortgage professionals in Inglewood, so you can rest assured that you're in great hands. They will assist you with figuring out which type of loan is best for you and help you get qualified.

Step 3 – Start your search
After our first meeting, I'll begin looking for available houses on the market that are great for you. I'll research many of the houses and reject the duds, and then we'll set up appointments to tour the houses whenever it's convenient for you.

When we view homes, I'll call attention to good features, as well as bad ones. I'll also ask you about things you like and don't like. It's pretty common for buyers to update their wish list as we view houses and some features become far more essential than others. If that happens, I'll look through all the listings one more time and trim it down to the house you've been wishing for.

Step 4 – Know the market
My understanding of the Inglewood housing market is a crucial element in your house search. I'm conscious of all the neighborhoods and schools, and I will communicate which districts are "hot" and require immediate action and the ones that are "cold" and allow for more consideration.

As we tour houses, I'll let you know when the asking price has room for bargaining and also when I know the house is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions, as every REALTOR will convince you they understand the market. If it appears they don't know everything, just call me at 323754-8283 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will help you stay a step above the rest throughout the entire deal.

Step 5 – Find your dream house
I'm positive we'll find your dream home in Inglewood. When we do, I'll thoroughly develop your purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

Upon presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's typically applied to the closing costs. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer, and it's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. We'll also work within your financing limits. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Obtain a loan
Once the deal is finalized, you'll start working with your mortgage 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 take care of all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) detailing closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application. This estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a strict range of accuracy. I'll analyze the estimate and let you know if everything looks good.

Then it's time to close on your house. This should take place at a title company or escrow office and will probably be a smooth and comfortable affair.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just call me at 323754-8283 or e-mail me at .

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