Buying or selling a home? Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 can help.

Purchasing a home is intimidating for most people, but it isn't very difficult with some planning ahead of time. I like to provide buyers with an outline of the whole deal so they'll know exactly what they can expect. Below are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.

Step 1 – Get ready to buy a home
Before you begin looking for a home, there are many things you need to do. You'll want to form a checklist of must-haves, plan for what school districts you'd like to live in, and begin planning around your budget. Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good principle to follow.

Step 2 – Communicate with a real estate agent in Sherman Oaks
This is where Charise Michell, Estate Agent, Wish Sotheby’s International Realty, CalBRE#01425090 comes in. We'll plan a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors that may 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 in getting started on your loan. There are some excellent mortgage professionals in Sherman Oaks, and I partner with a lot of them, so you're in great hands. They'll assist you in deciding which type of loan is best for you and help you get qualified.

Step 3 – Begin your home search
Following our initial meeting, I'll begin searching for houses on the market that suit your needs. I'll research most of the homes and throw out the duds, and then we'll book appointments to tour the homes whenever it's most convenient for you.

When we tour houses, I'll point out positive features, as well as bad ones. I'll also ask you to talk about things you like and don't like. It's pretty common for buyers to amend their wish list as we tour homes and some things become far more important than others. If that's the case, I'll go back through the listings once again and narrow it down to the house you've been waiting for.

Step 4 – Know the market
My awareness of the Sherman Oaks market is an essential agent in your house search. I am informed of all the school districts and neighborhoods, and I can let you know which districts are "hot" and demand prompt action and others that are "cool" and allow for thoughtful analysis.

When we tour homes, I'll be sure to tell you when the seller's list price has room for bargaining and when I think the home is "priced to sell." Any real estate agent in Sherman Oaks will convince you they understand the market, but trust your instincts, and make sure you ask your agent a lot of questions. If it doesn't seem like they know everything, contact me at (818) 269-1966 or e-mail me at , and I'd be more than happy to answer your questions. My understanding of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find your dream house
I'm certain we'll find your dream house in the Sherman Oaks area. When we do, I'll thoroughly create your home purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.

When we turn in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property and is most often applied to the cost of closing. If the offer is accepted, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the initial offer, and it's extremely common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your budget. And when it's all said and done, we'll compose a contract that works well for you.

Step 7 – Obtain your loan
After we sign the final deal, you'll begin working with your lender to close the loan. If you're already pre-qualified, it shouldn't take much time at all, but you'll want to stay in close contact with your lender. And I'll look after all the property information your lender needs 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 loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your loan application. The estimate is formed from the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a precise range of accuracy. I'll examine the estimate and let you know if it all looks good.

Then it's time to close on your house. This will most likely happen at a title company or escrow office and will likely be a smooth and relaxing occasion.

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

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