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10 Steps to Buying a Home

Published on May 06, 2018

We are REMAX of Valencia and REMAX of Santa Clarita associates. We have completed several classes which we have our home buyers attend before getting too deep in the real estate process. I personally walk through the pre-approval process when it comes to real estate loans and lending. Who is who and what would a process of proper vetting look like when it comes to a Santa Clarita real estate lender? I then take the client all the way to what used to be called the "closing table". What now? - After a client has moved in, what happens next?

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1.

10 Steps to Buying a Home

BTW - If you need me 661.400.1720 
Photo by David Hoffman '41
2.

Contact a Professional Early

You need a gameplan and a guide 
Photo by JonoMueller
3.

Contact a Professional Early

  • Experienced
  • Knowledgable
  • Communicative
  • Tech Savvy
  • Honest and protective
Photo by JonoMueller
4.

Get Pre Qualified/Approved

Photo by Chorazin
5.

Get Pre Qualified/Approved

  • Lenders are not all the same
  • Mortgage Brokers can be better than banks and credit unions
  • Make sure your loan professional is available after hours and on weekends
  • You may need them at those times!
Photo by Chorazin
6.

Determine how much you can afford

Your eyes maybe bigger than your stomach 
Photo by Great Beyond
7.

Determine how much you can afford

  • You may qualify for more than you want to spend
  • This happens a lot
  • Consider the payment at those "higher than comfortable" amounts
  • Scale down the prices of homes you are viewing
Photo by Great Beyond
8.

Prepare your Love Letter

Photo by Andrew Seaman
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Prepare your Love Letter

  • Sets your apart from other offers
  • Works great in a competitive market
  • Necessary in a seller's market
  • Don't gush - just be real
  • Include photos of those who'll be living in the home
Photo by Andrew Seaman
10.

Shop for your Home

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Shop for your Home

  • Your agent should be sending you new listings
  • Check if your agent has an app like mySCVapp.com
  • Beware of syndication websites like Zillow and Trulia
  • They want you to give up your personal info!
  • Then they sell it to a ton of agents...
Photo by freestocks.org
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Offer Smart

Photo by Wi2_Photography
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Offer Smart

  • Comparable closings within 90-180 days, the closer the better
  • Within a small radius
  • Apples to Apples
  • Agent should pull data and present
  • Gage the market - Sellers or Buyers?
Photo by Wi2_Photography
14.

Inspection/Appraisal

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Inspection/Appraisal

  • You choose the Inspector, be guided by your Realtor
  • Your lender will choose the appraiser
  • You pay for both at the time of service
  • These fee's you don't get back if you decide to cancel escrow
  • Review all documents and read everything
Photo by ccPixs.com
16.

Request for Repairs

Photo by djLicious
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Request for Repairs

  • Health and Safety concerns should be a priority
  • Homes are sold "as is" - don't forget that
  • The seller can agree or disagree
  • Don't take personally
  • Look at real estate as "business" only
  • Trust your advisor and their advice
Photo by djLicious
18.

Coordinate Utilities

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19.

Coordinate Utilities

  • Don't get charged a transfer fee
  • Ask your agent when this should take place
  • Putting the utilities in your name can save you $$$
  • The transfer should happen upon closing.
Photo by NCReedplayer
20.

Closing/Possession

Photo by bmills
21.

Closing/Possession

  • Escrow paperwork
  • Loan Paperwork
  • Double check all to ensure it was as promised!
  • Does seller have additional days after close to turn over property?
  • How are you getting the keys?
Photo by bmills
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Untitled Slide

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Contact Me:

Connor MacIvor

http://SantaClaritaHomeExperts.com