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Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.
Whether you decide to hire me to help you find the perfect home or not, it is always in your best interest to hire a knowledgable REALTOR who will guide you and protect you every step of the way. This is one of the biggest financial decisions of your life in one of the hottest markets in the country. Buy with me and I'll lead you to homeownership with confidence.
Notice I said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget. Maybe calculate an interest rate buy down for future peace of mind.
Just because you qualify for a $1,000,000 mortgage does not mean you will necessarily be comfortable with that monthly payment. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Before you get your heart set on a home, let me set you up for success and connect you with my trusted lenders to shop for the best rate available. This will also be an advantage when you make an offer on a home in San Diego's hot market.
Now the fun begins and we can hunt for the perfect home that fits your budget. Let's find your San Diego Home Sweet Home!
My goal is to provide you with the most personalized service possible, meticulously designed to help you navigate the complex yet exciting journey of buying your dream home. My expertise keeps you protected 100% of the way.
Every buyer gets a certain gleam in their eyes the moment they enter their home sweet home knowing immediately this is "the one." After we review the comps together, we'll discuss the best game plan to guarantee your offer is accepted. We'll have you fully underwritten approved positioning you as a top contender when you write an offer. Once we have a fully executed contract, we open escrow.
Woohoo your offer has been accepted! Now what? Let's get it inspected to give you peace of mind there are no safety or health concerns. In CA a home is usually sold as is, however inspections are great leverage to negotiate repairs or credits. Most importantly, they give you a general idea of the life of important features in your home so you can budget towards future repairs and replacements.
Your lender will have your new home appraised so they have their independent value of it. If the home appraises for more than your contract price then congratulations, you're entering your new home with equity! However, if the appraisal comes in lower then we will discuss renegotiating the price with the sellers.
On the negative, your hands will be hurting after signing so many documents, but this means you're almost a home owner. After loan docs are signed, you will wire an remaining portion of the down payment, then the lender will fund the loan, and once we receive confirmation the city has recorded title your escrow is officially closed.
Escrow is officially closed and I can hand you the keys to your San Diego Home Sweet Home!
2240 Otay Lakes Rd Chula Vista CA 91915
2240 Otay Lakes Rd Chula Vista CA 91915
