Step 1 – Get ready to buy a home
Before you begin searching for a home, there are a lot of things you need to take into account. You'll most likely want to create a checklist of items 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 guideline to adhere to is that your mortgage payment should be less than or around 1/3 of your net monthly income.
Step 2 – Communicate with a real estate agent
This is where we can help. We’d be happy to book a time to meet with you and communicate with you about your real estate needs and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors
that could affect your purchase today or in the future, as well as neighborhoods and schools in the Pasadena area.
In addition, I'll help you begin the loan process. There are some excellent mortgage professionals in Pasadena, and I partner with a lot of them, so you can rest assured that you're in great hands. They will assist you with deciding which type of loan is best for you and help you get approved.
Step 3 – Begin your search
Following our first meeting, I'll begin looking for available homes on the market that meet your needs. I'll get a sneak peek of many of the houses and remove the duds, and then we'll schedule appointments to view the homes whenever it's convenient for you. When we view houses, I'll call attention to good features and bad ones. I'll also ask you to tell me about things you like and dislike. It's pretty common for buyers to update their wish list as we tour houses and some items become far more necessary than others. If such is the case, I'll go back through the listings once more and narrow it down to the house of your dreams.
Step 4 – Know the market
An agent's understanding of the Pasadena home market is a crucial agent in your home
search. And I can assure you I'm familiar with all the neighborhoods and school districts,
and I will communicate some districts are "hot" and demand immediate action and the
rest that are "cool" and allow for thoughtful analysis.When we tour houses, I'll
make sure to communicate if the asking price has room for bargaining or if I believe
the home is "priced to sell." Be on guard and be sure to ask lots of questions, as
every real estate agent in Pasadena will tell you they truly understand the home
market. If it seems like they don't know everything, contact us at (626)353-
Step 5 – Find the home you've been looking for
I'm certain we'll find the home of your dreams in Pasadena. When that happens, we’ll meticulously develop your real estate purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as obtaining financing, completing the inspection, and a clear title. When we present your offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property and is typically put towards the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer, and it's very common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.How aggressively we negotiate the contract depends on market conditions. We'll also work within your financing limits. And when it's all said and done, we'll formulate a contract that is best for you.
Step 7 – Secure your loan
Upon finishing the contract, you'll start working with your lender to close the loan.
If you're pre-
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining your closing costs from your lender within three days of taking your application. This estimate is based on the loan amount, and RESPA requirements require that it has to contain all closing costs and fall within a strict range of accuracy. I'll study the estimate and let you know if it all looks okay. 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 pleasant occasion.
Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you need anything,
make sure you call US at (626)353-