760-413-9078

WHAT ARE THE DIFFERENT STEPS INVOLVED IN HOME BUYING?

Buying a home doesn’t have to be complicated, if you start with the right steps from the onset. You may not be aware of the complexities surrounding home buying until you’re ready to buy one. However, if you’ve ever dreamt of owning a home in the future, it won’t be too early to start learning the steps involved in the process now. This will save you a lot of troubles when you eventually decide to buy one.

The fact remains that there are many reasons why people buy homes. Residential and wealth building purposes are, however, on top of the list. So, if you’re planning to lay a solid foundation for a life of convenience and financial security, it’s time to starting working towards buying your own home. If this idea sounds great to you and you’ve decided to take a giant stride towards achieving this goal, here are a few steps you need to take so as to get it right.

  1. Hire a real estate agent

The first step towards buying a home is to shop for a professional and qualified realtor. It is the job of the real estate agent to help you navigate through the entire process which has many phases. A typical real estate transaction would involve nothing less than two dozen separate individuals before the completion of the process. During the process, you may have to deal with different professionals such as: insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, and title researchers, among others. Of course, at the different stages, you will need the services and actions of these various professionals in order to harmonize the documents that will help get the home sale closed. There are many professional realtors who will help you to navigate through the entire process without much hassle.

  1. Secure financing

The next thing to do is to shop for loan. Look for the most favorable lending condition and be sure you have what it takes to fulfill the mortgage commitment. You can find a mortgage specialist to guide you on this aspect.

  1. Find your preferred home

Shopping for a home is not as exciting as most people would think. It is time consuming and could be daunting. The best way to start is to do a careful assessment of your values, wants, and needs, both for the short and long terms. All these put together would determine your choice of location, amenities, and other home associated factors.

  1. Time to make an offer

Once you have found your choice home, it’s time to make an offer. Your realtor should be able to assess the reality of the market as at the time and provide professional advice that will make the component of your offer favorable to you. Once the offer is mutually accepted by you and the seller, it is time for you to deposit your earnest money so that the seller can take the home off the market.

  1. Follow due diligence

This aspect is extremely important because a home can’t be returned after the deal is closed. So, ensure that you do proper inspection of the property to be certain there is no major defect. You can overlook minor damages but where there are major ones, you’re free to walk away from the contract.

  1. Closing

Once your lender is able to confirm the home’s value and legal statue, and that you’re credit-worthy, it is time to close the deal. It is the job of your real estate agent to guide you through each of the stages until the deal is closed.

If you live in any of the cities in Coachella Valley and you’re interested in buying a home in the neighborhood, you can contact Mila for a most reliable professional real estate advice.

What is the next step?

As I mentioned earlier, consulting with a professional will avoid legal problems and unexpected extra expenses so remember that you can call my mobile phone at

(760) 413-9078

or subscribe to the electronic bulletin so you can receive updated information and you can have a professional by your side.

If you have any questions you can contact me or send me a message from the contact page.

Buying a Home in 2018 in Coachella Valley

Buying a Home in 2018 in Coachella Valley 2018 Real Estate Trends to Watch The Coachella Valley is as popular as ever, with visitors from around the world convening in the desert to relax and enjoy our mild winter climate, surrounding natural beauty, cool...

How good or bad is the real estate market in Palm Springs this 2018?

How good or bad is the real estate market in Palm Springs this 2018? The real estate market in Palm Springs is in constant motion. Prices are variable and accessible depending on the needs of each person. Palm Springs is an area where we have the honor each year, to...

WHERE DOES MY EARNEST MONEY GO? When buying a home

WHERE DOES MY EARNEST MONEY GO? When buying a home   An earnest money is the deposit often made by buyers toward the purchase of a home as a demonstration of the seriousness or willingness to complete the purchase. However, the question that is often asked by...

WHAT OTHER FINANCIAL COMMITMENTS ARE INVOLVED? When buying a home

The mortgage application fee

When you seek for a home loan, your lender will charge you a fee for the mortgage application. The amount charged for the mortgage application fee may vary, depending on the state policies. Where ever your location is, be prepared to pay several hundred of dollars for the application.

WHAT IF I NEED TO SELL MY HOME BEFORE I BUY A NEW ONE?

WHAT IF I NEED TO SELL MY HOME BEFORE I BUY A NEW ONE?   There is no right or wrong decision pertaining selling your old home before or after buying a new one. Whether any of the decisions would be an advantage for you will depend on your unique situation and the...

WHAT HAPPENS IF MY OFFER IS LESS THAN THE ASKING PRICE OF THE HOME?

WHAT HAPPENS IF MY OFFER IS LESS THAN THE ASKING PRICE OF THE HOME? In the real estate industry, just like any other market, you’re are at liberty to offer above, below, or the exact asking price by the home seller. But, it is important that you study the market...

WHAT ARE THE DIFFERENT STEPS INVOLVED IN HOME BUYING?

WHAT ARE THE DIFFERENT STEPS INVOLVED IN HOME BUYING? Buying a home doesn’t have to be complicated, if you start with the right steps from the onset. You may not be aware of the complexities surrounding home buying until you’re ready to buy one. However, if...

IS IT POSSIBLE TO LOSE MY EARNEST MONEY?

IS IT POSSIBLE TO LOSE MY EARNEST MONEY?   It is a rare occurrence for buyers to lose their earnest money, but it could happen if due diligence is neglected. This is why you should never be tempted to the extent of deciding to represent yourself in a real estate...

HOW IS MY OFFER PRESENTED TO THE SELLER?

If commissioned to be your real estate agent, my job is to walk you through all the processes involved in the buying of a new home. I will liaise with the listing agent on your behalf and set an appointment with the seller to present your offer. I will be there to...

DOES MAKING AN OFFER COST ME MONEY?

Making an offer won’t necessarily cost you money, but you will be expected to show good faith by paying an earnest money deposit if your offer is accepted. The deposit is a sign that you are serious about your offer on the home. So, if you want to buy a home, you...
Share This