Are you buying a home in Sherman Oaks? Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 can help.

Purchasing a home can be stressful for a lot of people. However, with a little up-front planning, it isn't that complex. So they understand exactly what they can expect, I like to supply buyers with an outline of the whole deal. Below are my nine steps to purchasing a home. Should you have any questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
There are many things you'll want to take into account prior to beginning your home search. You'll probably want to make a list of must-haves, get a feeling for what school districts and 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 guideline to follow.

Step 2 – Speak with a real estate agent in Sherman Oaks
That's where I come in. We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Sherman Oaks area.

In addition, I'll assist you with getting started on your loan. Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 partners with some of the finest mortgage professionals in Sherman Oaks, so you'll be in great hands. They will assist you with figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Begin looking for a home
After we meet, I'll start looking for available houses on the market that best suit you. I'll get a sneak peek of many of the houses and throw out the duds, and then we'll set up appointments to view the houses whenever it's most convenient for you.

When we view the houses, I'll show you the positive features and bad ones. I'll even ask you about things you like and dislike. For the most part, buyers amend their list of must-haves as we view homes and some things become far more crucial than others. If that happens, I'll look through all the listings once more and narrow it down to the home you've been wishing for.

Step 4 – Get a grasp of the housing market
An agent's awareness of the Sherman Oaks market is an imperative agent in your house search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I can alert you to what areas are "hot" and warrant prompt action and the ones that are "cool" and allow for thoughtful consideration.

When we view homes, I'll be sure to tell you when the asking price has room for negotiation and also when I trust the home is "priced to sell." Be careful and make sure you ask your agent plenty of questions, as every real estate agent will convince you they truly understand the home market. If it appears they don't know everything, contact me at (818) 269-1966 or e-mail me at , and I'll be more than happy to answer any questions you may have. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find your dream house
We'll find your dream house in Sherman Oaks, and when we do, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are acquiring financing, finishing the home inspection, and a clean title.

When we submit your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's often applied to the closing costs. If your offer is accepted, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's pretty common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market conditions will play a part in how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that works well for you.

Step 7 – Get your loan
Upon signing the contract, you'll begin working with your lender to close the loan. If you've been pre-qualified, this won't take long at all, but you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your loan application. The estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll examine the estimate and let you know if everything looks all right.

Then we'll close on your house. This will likely occur at a title company or escrow office and will most likely be a smooth and stress-free affair.

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

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