You are Only 8 Steps Away From Buying A Home

A Step By Step Look at Home Buying
Buying home can be an overwhelming process. Fortunately an excellent Real Estate Agent can guide you through the process and help get your foot in the door, literally! By the way, the seller generally pays the Real Estate Agent's commission, so as a buyer, using a Real Estate Agent to represent you does not cost you any fees!

Buying a home is actually a simple process, and when you work together with real estate professionals, you will have fabulous results! The following is an overview of the home-buying process. Each step provides a basic overview can contact me to review the process and guide you step by step.

Step One - Get Pre-Qualified 
One of the First steps in finding a home is to speak to a reliable mortgage representative and determine what type of mortgage you can qualify for and how much you can qualify for; this is called "getting pre-qualified". You may also take this step after speaking to a Real Estate Agent.

Step Two - Speak with a Real Estate Broker
You should choose a Real Estate Agent that you feel comfortable working with. Don't be afraid to interview the Agent. Discuss your situation with the Agent and ask what he/she can offer you.

Step Three - The Home Search Process 
Your Real Estate Agent will create a "search profile" for you. This is a fabulous feature where you will receive all of the homes currently listed in the MLS (Multiple Listing Service) that match your needs. You choose the homes that are of interest. Many buyers also like to do "drive-bys" of the homes to determine if they like the neighborhood. From this list you will make arrangements with your Agent to view the homes.

Step Four - Negotiating the Price and Terms & Conditions
Once you have found a home you would like to buy, your Real Estate Agent can help provide you with great information to help make a deal. A few important steps include determining what similar homes have sold for, structuring the deal with earnest money, terms and conditions, the right to do inspections, buying with a mortgage, etc. Your Realtor will facilitate negotiating "your" price utilizing many tools available, i.e., seller price, motivation, condition etc.

Step Five - Getting your Dream Home "Under Contract"
After your offer is accepted, your Real Estate Agent will prepare the contracts and walk you through the execution process. After all parties sign the contracts and all parties have an original copy in hand, the Escrow (neutral 3rd party) review and execution process will begin. 

Step - Six - The Contract Process
There are a few "milestones" to follow
1. Getting out of escrow review - once we are out of escrow review, you are now under contract and your additional deposits will be due.
2. You will generally have 10 days to complete a home inspection after contract is accepted.
3. Once out of escrow review, you officially apply for your mortgage, and your mortgage commitment is due usually within 30 days.

Step Seven - Getting to the Closing Table! 
Needless to say, getting to the closing table is the primary goal! Like a well-orchestrated symphony, your team should all work together to have a smooth and successful closing. Your Real Estate Agent, mortgage company, title agency, and you are all working together! There are many tasks to accomplish, and working with a great team will ensure your success.

Step Eight - Get Keys and Move In
After fund transfer is completed, Escrow Agent will record title with the County. After all the paper works are done, the house is officially yours! Get Keys and Move In!