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Purchasing your new home in Inglewood

Buying a home is intimidating for a lot of people. However, with a bit of planning ahead of time, it isn't that difficult. So they'll know exactly what to expect, I'll supply buyers with a road map of the entire deal. Below are my nine steps to purchasing a home. Should you have any questions about this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to buy a home
There are plenty of things you need to do before you search for a home. When you start your search, you'll probably want to make an index of items you need to have, get an idea of what neighborhoods and school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than a third of your net monthly income is a good rule of thumb to go by.

Step 2 – Contact a real estate agent
This is where Pat Douglas Realtors comes in. I'd like to arrange a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans. We'll talk about the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Inglewood area.

In addition, I'll assist you with getting started on your loan. There are some very good mortgage professionals in Inglewood, and I work with a lot of them, so you're in great hands. They will assist you in choosing which kind of loan is best for you and help you get qualified.

Step 3 – Start your search
After we meet for the first time, I'll begin searching for available houses on the market that are a good fit for you. I'll get a sneak peek of most of the houses and exclude the bad ones, and then we'll schedule appointments to view the homes whenever it's convenient for you.

When we tour homes, I'll call attention to good features and bad ones. I'll also ask you what things you like and don't like. As a rule, buyers revise their wish list as we tour houses and some things become far more necessary than others. If that's the situation, I'll search all the listings again and trim it down to the home of your dreams.

Step 4 – Get a grasp of the market
Your agent's understanding of the Inglewood housing market is an imperative aspect in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can communicate what districts are "hot" and demand prompt action and the ones that are "cool" and allow for cautiousness.

When we tour homes, I'll let you know if the seller's list price has room for bargaining or if I believe the home is "priced to sell." Be on guard and make sure you ask your agent plenty of questions, as every real estate agent will claim to understand the home market. If it doesn't seem like they know everything, call me at 323754-8283 or e-mail me at , and I'd be more than happy to answer your questions. My market expertise will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in the Inglewood area, and when that happens, I'll thoroughly develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.

When submitting your offer, most likely you'll need to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property, and it's usually put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer, and it's really common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the deal depends on market circumstances. In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a deal that is best for you.

Step 7 – Get a loan
Upon signing the deal, you'll start working with your lender to close the loan. If you've been pre-qualified, it shouldn't be a long process at all, but you should to keep in close contact with your mortgage lender. And I'll handle 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 receiving your application. The estimate depends on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll analyze the estimate and let you know if everything looks good.

Then it's time to close on your house. This will probably occur at a title company or escrow office and will most often be a smooth and stress-free event.

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

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