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

Purchasing a home can be stressful for most people, but it's not very confusing with a little up-front planning. I like to supply buyers with an outline of the entire deal so they'll understand exactly what they can expect. Below are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Get ready to buy a home
Prior to beginning your home search, there are several things you need to consider. When you start your search, you'll probably want to assemble an outline of features you need, get a feeling for what school districts you'd like to live in, and begin planning your budget. A good rule to follow is that your mortgage payment should be less than or close to 30 percent of your monthly income.

Step 2 – Connect with a real estate agent in Sherman Oaks
This is where I can help. I'd love to arrange a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Sherman Oaks area, the mortgage and housing industries, and any additional economic factors that might affect your buying decision today or in the future.

In addition, I'll help you begin the loan process. Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 works with some of Sherman Oaks's finest mortgage professionals, so you'll be in great hands. They can assist you with determining which type of loan is best for you and help you get qualified.

Step 3 – Begin your search
After our first meeting, I'll begin looking for available houses on the market that meet your needs. I'll get a sneak peek of most of the houses and eliminate the bad ones, and then we'll set up appointments to tour the homes at a time that's convenient for you.

When we tour houses, I'll point out positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike. It's pretty common for buyers to revise their list of must-haves as we view homes and some things become more crucial than others. If that's the situation, I'll go back through the listings another time and narrow it down to the home you've been dreaming about.

Step 4 – Know the housing market
My understanding of the Sherman Oaks market is a leading agent in your house search. I am familiar with all the schools and neighborhoods, and I can communicate some neighborhoods are "hot" and demand prompt action and others that are "cold" and allow for more analysis.

As we view houses, I'll let you know when the seller's list price has room for negotiation and also when I trust the home is "priced to sell." When working with an agent, be mindful and make sure you ask lots of questions, as any REALTOR in Sherman Oaks will convince you they know the housing 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 keep you a step ahead throughout the entire deal.

Step 5 – Find the home of your dreams
I'm sure we'll find the house of your dreams in the Sherman Oaks area. When that happens, I'll precisely develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as getting financing, carrying out the home inspection, and a clean title.

Upon sending in your offer, you'll probably want to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is typically applied to the closing costs. If the seller accepts the offer, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the beginning offer. It's widely common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.

The state of the market determines how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And at the end of the day, we'll formulate a contract that works well for you.

Step 7 – Get financing
Once we sign the final deal, you'll start working with your mortgage lender to close the loan. If you're pre-qualified, this won't take very long at all. However, you should to stay in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender needs to close the loan.

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

Then it's time to close on your home. This will likely take place at a title company or escrow office and should be a smooth and relaxing occurrence.

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

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