Looking to buy your home in Fresno? Real Pro Properties can help.
With some up-front planning, buying a home isn't too complex, but the event is intimidating for many people.
I like to furnish buyers with an overview of the whole deal so they understand 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 glad to answer any questions you have about this information.
Step 1 – Prepare to buy a home
There are a lot of things you'll want to do prior to starting your home search.
When you start your search, you'll want to put together a checklist of items you need, get a plan of what school districts and neighborhoods you want to live in, and begin planning your budget.
Ensuring your mortgage payment is no more than a third of your net monthly income is a good principle to adhere to.
Step 2 – Get in touch with a real estate agent
That's where I can help.
I'd be more than happy to schedule a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Fresno area, the mortgage industry, and any additional economic factors that may affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
I work with some of Fresno's best mortgage professionals, so you're in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a house
After our first meeting, I'll begin looking for available homes on the market that are a good fit for you.
I'll preview many of the houses and reject the duds, and then we'll set up appointments to view the homes at a time that's convenient for you.
As we view the houses, I'll point out positive features, as well as bad ones. I'll even ask you what things you like and don't like.
For the most part, buyers amend their must-have list as we view homes and some items become more necessary than others.
If that happens, I'll look through the listings one more time and trim it down to the home of your dreams.
Step 4 – Get a grasp of the market
My understanding of the Fresno market is a crucial factor in your house search. I'm conscious of all the neighborhoods and schools, and I'll alert you to certain neighborhoods are "hot" and demand immediate action and some that are "cool" and allow for careful examination.
When we view houses, I'll let you know when the list price has room for negotiation and also when I believe the house is "priced to sell."
Be careful and make sure you ask a lot of questions, as any REALTOR will claim to truly understand the market.
If things don't add up, contact me at (559) 440-9112 or e-mail me at , and I'd be glad to answer any questions you might have. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find your dream house
I'm sure we'll find the home of your dreams in Fresno. When that happens, I'll precisely develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are getting financing, completing the inspection, and a clean title.
Upon presenting your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property and is most often applied to the closing costs. If the offer is accepted, we should close on the home 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, and it's very common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing budget. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Secure financing
After we sign the final sales contract, you'll start working with your lender to close the loan.
If you're pre-qualified, this shouldn't take very long at all, but you need to stay in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of accepting your application.
This estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a narrow range of accuracy, and I'll examine the estimate and let you know if it all looks okay.
Then we'll close on your home. This should occur at a title company or escrow office and will most often be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at (559) 440-9112 or e-mail me at .