Buying or selling a home in Sherman Oaks?

Buying a home is an intimidating event for most people, but with a bit of planning ahead of time, it isn't that difficult. So they know exactly what to expect, I will supply buyers with an outline of the entire deal. Below are my nine steps to buying a home. If you have any 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 buy
Prior to starting your home search, there are a lot of things you'll want to take into account. You'll probably want to put together a checklist of items you need to have, get a plan of what neighborhoods you'd like to live in, and start planning your budget. Keeping your mortgage payment less than or around 1/3 of your net monthly income is a good rule to follow.

Step 2 – Get in touch with a real estate agent in Sherman Oaks
This is where Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 can help. I'd be more than happy to book a time to get together with you and communicate 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 could potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Sherman Oaks area.

In addition, I'll assist you with getting started on your loan. There are some great mortgage professionals in Sherman Oaks, and I work with a lot of them, so you'll be in great hands. They can assist you in deciding which type of loan is best for you and help you get approved.

Step 3 – Start your home search
After our initial meeting, I'll start looking for houses on the market that best suit you. I'll get a sneak peek of most of the houses and remove the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.

When we tour the homes, I'll show you the good features, as well as bad ones. I'll even ask you to talk about things you like and don't like. As a rule, buyers revise their wish list as we tour houses and some features become far more essential than others. If that's the case, I'll go back through the listings again and trim it down to the house you've been wishing for.

Step 4 – Understand the market
An agent's knowledge of the Sherman Oaks home market is an essential element in your home search. And I assure you I'm mindful of all the neighborhoods and schools, and I'll communicate what districts are "hot" and warrant prompt action and some that are "cool" and allow for thoughtful consideration.

As we tour homes, I'll be sure to tell you if the list price has room for bargaining or if I believe the home is "priced to sell." Every real estate agent will tell you they know the home market, but take note, and be sure to ask your agent a lot of questions. If things don't add up, just call me at (818) 269-1966 or e-mail me at , and I'd be glad to answer any questions you might have. My market expertise will help you stay a step ahead through the entire process.

Step 5 – Find the home you've been waiting for
I'm positive we'll find your dream home in the Sherman Oaks area. When that happens, I'll carefully create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the inspection, and a clear title.

When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is usually applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer – it's very common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. We'll also work within your financing budget. And when it's all said and done, we'll put together a contract that is best for you.

Step 7 – Get a loan
Upon completion of the deal, you'll begin working with your lender to close the loan. If you're pre-qualified, it won't be a long process at all. But you'll need to stay in close contact with your mortgage lender. And I'll manage all the property information your lender needs 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 getting your application. The estimate is formed from the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a strict range of accuracy, and I'll review the estimate and let you know if everything looks adequate.

Then it's time to close on your home. This will most likely take place at a title company or escrow office and will most often be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at (818) 269-1966 or e-mail me at .

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