Purchasing your home in National City with Realty World HomeCares
Purchasing a home is stressful for most people. However, with a little up-front planning, it's not all that complicated. We like to provide buyers with an overview of the entire deal so they know exactly what they can expect. These are our nine steps to buying a home.
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Step 1 – Get ready to purchase a home
Prior to beginning your home search, there are plenty of things you should do. When you start your search, you'll want to make a checklist of must-haves, get a plan of what school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Speak with a real estate agent in National City
This is where Realty World HomeCares can help. We can arrange a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, schools in the National City area, the mortgage and housing industries, and any additional economic factors that may affect your purchase today or in the future.
We can also assist you in getting started on your loan. There are some very good mortgage professionals in National City, and we work with a lot of them, so 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 – Begin your home search
Following our first meeting, we'll begin searching for homes on the market that suit your needs. We'll get a sneak peek of many of the houses and ignore the duds, and then we'll set up appointments to view the homes whenever it's convenient for you.
As we tour houses, we'll identify good features, as well as negative ones. And we'll ask you about things you like and dislike. It's widely common for buyers to amend their must-have list as we view houses and some things become more necessary than others. If that's the situation, we'll search all the listings another time and trim it down to the home you've been dreaming about.
Step 4 – Know the market
Our knowledge of the National City housing market is a necessary benefit in your house search. We're familiar with all the neighborhoods and school districts, and we can communicate what neighborhoods are "hot" and call for immediate action and the ones that are "cool" and allow for thoughtful analysis.
As we view homes, we'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be careful and make sure you ask plenty of questions, as every real estate agent will tell you they truly know the market. If it appears they don't know everything, call us at (619) 791-1000 or e-mail us at firstname.lastname@example.org, and we'd be happy to answer any questions you may have. Our knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We're sure we'll find your dream home in the National City area. When that happens, we'll carefully develop your purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
Upon sending in your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property. The amount is often put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer – it's very common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Obtain financing
After the deal is finalized, you'll start working with your mortgage lender to close the loan. If you're pre-qualified, it shouldn't be a long process at all, but you need to stay in close contact with your lender. And we'll handle all the property information your lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your lender within three days of getting your application. The estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a precise range of accuracy. we'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This should occur at a title company or escrow office and will most often be a smooth and pleasant occasion.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact us at (619) 791-1000 or send us an e-mail.