first time buyer guide
TRANSCRIPT
First Time Home BuyerA Simple Guide
June 1, 2016www.InvestinSouthBay.com
❖ Pre-qualify for a home loan
❖ Determine the maximum purchase price and amount of down payment required by consulting with a local lender. Click here for a list of lenders in South Bay with proven track record. Obtain a pre-approval letter from your lender. Click here for a list of recommended lenders in the South Bay area.
❖ Find a local Realtor❖ Finding the right home and the home buying process is best handled by a well-trained and experienced
Realtor, who is willing to commit to your needs. You should choose a Realtor who you feel comfortable and willing to take the time to explain everything every step of the way. Click here to contact us.
❖ Find the right home and submit an offer❖ Let your Realtor show you homes to fit your needs and determine an appropriate purchase price for you. An
experienced Realtor is equipped with the latest data to determine a reasonable purchase price for the property. You will need a pre-qpproval letter, a deposit check (about $3,000), a copy of a bank statement and a purchase offer prepared by your Realtor.
❖ Open escrow once an offer is fully accepted❖ Your Realtor should guide you through the entire process of buying a home, including opening of an escrow,
getting you all the necessary documents and disclosures. (Continued)
Basic Steps of Home Buying
❖ Get a professional inspection done for the property
❖ This is a very critical step in finding out all the defects and particulars of a property. A good property inspector can discuss all worthwhile deficiencies and details about the property and provide you with a comprehensive inspection report. Of course, the inspection is normally performed at your expenses (approximately $300 for a house). The findings about the property allows you to make a decision to continue with the purchase, cancel the offer, make repair requests to the seller or make an adjustment in the price. Click here for a list of recommended property inspectors in the South Bay area.
❖ Complete the loan process❖ Your lender will order an appraisal for the property (at your expense).❖ Get a loan approval (or conditional loan approval). Remove all loan contingencies detailed by your lender❖ Sign loan docs (approximately 5 days prior to closing of escrow).❖ Deposit remaining funds to close the escrow.
❖ Close escrow and obtain keys❖ Enjoy your Dream home! Don't forget your Home Warranty!
Basic Steps of Home Buying
Contact us for more information
Click here to contact us for home buying inquiry Visit our website at: http://www.investinsouthbay.com Call: (310) 528-4271 email: [email protected]
Recommended lenders in South Bay Area
Nicholas A. Costa IIBranch ManagerNMLS# 485760Office 310.602.3912 Cell 310.941.1666 2790 Skypark Drive Ste. 116Torrance, California 90505 [email protected]
http://www.NickCostaII.com Jonathan CaguioaMortgage AdvisorAllianz Mortgage ServicesPhone: 949-241-2527Fax: [email protected]
Tony GonzalesSales ManagerNMLSR ID 942323Wells Fargo Home Mortgage | 3400 Torrance Blvd, Suite # 104 | Torrance, CA 90503Tel 949-378-6322 | Fax [email protected] | www.tglending.com Jerry FriedmanPlatinum Home Mortgage Mortgage Lenders20501 S. Avalon Blvd., #ACarson, CA [email protected]
Recommended Property Inspectors in South Bay
Del Fine InspectionsVince Del FineOwner/InspectorCell: (424) 264-4719Email: delfinehomeinspections@gmail.comwww.delfinehomeinspections.comFacebook: Del Fine Home Inspections
Greg TerryDiamond Property Inspections(951) 351-1855
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Recommended Home Warranty Providers in South Bay
First American Home Buyer ProtectionKara Ratelle Area Managercell: 310.617.5486 [email protected]
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Want more details?
The following website will provide you with a detailed discussion of home loan and the buying process.
HOme Buying Tips & Tricks
The following website will provide you with a detailed discussion of home loan and the buying process.
Home Buying Tips & Tricks
The following website will provide you with a detailed discussion of home loan and the buying process.
Home Buying Tips & Tricks
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
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Want more details?
CALL SALIM PATEL FOR MORE INFORMATION OR QUESTIONS
(310) 528-4271