Do this BEFORE Browsing for Housing

What does a buyer need to do before purchasing a home?

Simply save money and purchase a house. 

The end. 

If only that simple. 

Here are the most important factors to ponder before you browse for the house:

  • Become best friends with a lender. Call your fellow Realtor and ask for referrals. Chat with a few, get to know the human being. The best humans are the ones who ask pertinent questions then attentively listen. Like a Realtor, no two lenders are alike. Real estate transactions are a collaborative effort. Agents work with lenders, lenders work with agents – ALL with the purpose of doing what’s best for our client(s).  
  • Once established, let the documentation begin! Your lender will work with you, gathering information regarding job history, paycheck stubs, and current finances. Most important, the lender will take your information and guide you towards reaching your financial goals regarding the purchase of a home. Lender and Realtor work in tandem; once your qualified and have a clear idea what you may be able to afford without eating sticky rice each day, then your Realtor steps in. Your Realtor appreciates you and knows how much of a roller coaster your ride will be! She or he will guide you along, discussing your financial and home-buying goals. 

Online home searches are fun, aren’t they?! Can’t get enough of Zillow, Redfin or Realtor.com! 

Yet……

Before your serious home search, establish a relationship with a lender and Realtor. Once you’ve got that under your belt, we’ll get you where you want to go! 

Please feel free to reach Carin at 714.290.2192 for any questions. 

Happy browsing. 🙂 

Buying a House: Just Like Getting Married, It’s All In The Prep

Here’s the skinny on buying a house in today’s market. It’s not neurosurgery though to purchase a home right now takes a lot of preparation. Kind of like a finding the right partner for a successful marriage. Stay with me.

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There are 3 stages to the home buying process:

  1. Finding a home.
  2. Negotiating the contract.
  3. Get through the escrow process

Just as there are 3 stages to getting married: 

  1. Find a partner.
  2. Negotiate the relationship.
  3. Get married. 

Get Qualified

Talk to a lender. Talk to a few lenders. Find out what programs are available for your specific needs.  Talk to your partner. How qualified is that partner for your specific needs? Your offer is much more likely to be seriously considered by a seller if you’ve done your due diligence and proper homework completed before even beginning the search. Have that pre-qualified letter handy. Email to your agent, in fact. They’ll keep it in their file for you, usually good for 3 months.  And might even want to write a personal letter to the seller too, reasons why you’d be the perfect buyer. Sellers like knowing a prospective buyer is human.

Interview Agents

Not all agents are from the same ilk. Again, kinda like finding the right partner. Some bond easier than others. You think you’ll marry the first one who asks you out? Perhaps. For the Realtor, ask a lot of questions. Don’t skimp. Ask why he is the best agent for your particular needs? How well does he know the hood? What will he do during the process of a search other agents may or may not do? How does the agent feel about where she hangs her license? Is she ‘eh’ about her company or stand by and share their philosophy? What is an agent’s philosophy? Why is the sky blue and what does it take to get a returned phone call response to my voicemail? Things like that.

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Unlike preparing for marriage, the term timely manner is at one’s discretion. Since this website sticks to matters of real estate, we’ll save a marriage blog post elsewhere.  For a real estate transaction today, motivation to get paperwork done in a timely manner remains paramount to getting an offer accepted. Depending on how motivated a buyer is, get all that fun paperwork done before your search. Have it ready in hand or online, give to your agent of choice and feel the anticipation of a possible acceptance. Maybe, just maybe, the seller will say YES.