Are you purchasing a new home in Sherman Oaks?

With some up-front planning, purchasing a home isn't too complex, but the event intimidates a lot of people. So they'll understand exactly what they can expect, I'll provide buyers with a road map of the entire deal. Below are my nine steps to purchasing a home. If you have any questions regarding 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 purchase a home
Before you begin your home search, there are many things you'll want to contemplate. When you begin your search, you'll probably want to form a checklist of items you need, get a plan of what neighborhoods you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than a third of your monthly income is a good rule to go by.

Step 2 – Get in touch with a real estate agent
This is where Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 comes in. We can schedule a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Sherman Oaks area.

In addition, I'll help you get started on your loan. Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 partners with some of the best mortgage professionals in Sherman Oaks, so you can rest assured that you're in great hands. They'll assist you with choosing which kind of loan is best for you and help you get approved.

Step 3 – Start house-hunting
After our initial meeting, I'll start finding available homes on the market that best suit you. I'll preview many of the homes and ignore the bad ones, and then we'll schedule appointments to view the homes at a time that's convenient for you.

When we view houses, I'll identify positive features, as well as negative ones. I'll also ask you to talk about things you like and don't like. It's common for buyers to amend their must-have list as we view houses and some items become more essential than others. If that happens, I'll search the listings once again and narrow it down to the home you've been waiting for.

Step 4 – Get a grasp of the market
My awareness of the Sherman Oaks market is a crucial component in your house search. I am familiar with all the schools and neighborhoods, and I will let you know what neighborhoods are "hot" and call for immediate action and some that are "cool" and allow for thoughtful consideration.

When we tour homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions, as any REALTOR will tell you they know the market. If it doesn't seem like they know everything, contact me at (818) 269-1966 or e-mail me at , and I'll be glad to answer any questions you may have. My knowledge of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Sherman Oaks area, and when that happens, I'll meticulously develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the inspection, and a clear title.

When submitting your offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property and is usually applied to the closing costs. If the offer is accepted, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer. It's pretty common to receive a counter offer. But don't let it alarm you. We'll figure out 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 contract depends on market conditions. In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that's best for you.

Step 7 – Secure financing
After the contract is complete, you'll start working with your lender to close the loan. This won't be a long process at all if you're already pre-qualified, but you'll want to stay in close contact with your lender. And I'll manage all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your application. The estimate depends on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if it all looks permissible.

Then we'll close on your house. This will likely take place at a title company or escrow office and should be a smooth and hassle-free occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply contact me at (818) 269-1966 or e-mail me at .

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