Home buying process
One
Home purchase
Setting the timing
2
Loan
Know
3
Find a house
(Choose a neighborhood)
6
Contract
5
Negotiation work
4
Offer
Step-by-step service
Deciding if and when to buy a home
Selfless conversation
Accurate understanding of buyer situation
Buy Now? Wait?
Detailed explanation of the purchase process, transaction costs, house payments, and other issues
Neighborhood counseling
Are you sure that buying a house now is the best option?
Loan consultation
Basic explanation of financing procedures, principles, etc.
Preview heavy calculations
Explain the know-how to finance the best conditions
Introducing a well-worked and honest loan team (we do not charge referral fees from lenders)
Continuous monitoring of the loan process
To get a good loan, you must have at least two banks/brokers.
It's a good idea to find out.
Finding your dream home (priority)
In the order of neighborhood-location-structure-state-finish
Always neighborhood first
Wish-list and Must-list (Buyer Questionnaire)
Sacrificing a neighborhood for a house is better than sacrificing a house for the neighborhood.
The Chens to regret are much higher.
Write Offer (Price, Decisions)
Preliminary research: Title, school district, neighborhood, Zoning, History, Tax, etc.
Thorough market research for market price analysis
Talking as it is
Helping set strategic offer prices: ignoring the receiving price, setting an objective price range, setting the best price a buyer can give, bargaining strategy
Prices must be based on objective data. And you almost always need a little more than a comfortable price to buy a house.
Write Offer (Beat the Competition)
Beyond the number: Solve your seller's questions in advance (loan, purchase motives, etc.)
Two rabbits: bargaining through objectivity, gaining likability through honesty
Clean and seamless paperwork: fill in the blanks properly
Adhere to customs; If you need to escape, more explanation is required
Know your seller's situation in advance by asking appropriate questions
Leverage principle applied: give small things and bring big things
The way and ability of agents to write offers is the difference between the sky and the earth.
It is a big mistake to think that if the price is the highest, you will be chosen.
Continued negotiations and contract fulfillment work
Accurate and seasoned paperwork
Smooth communication with various related organizations
Discussing measures to review various disclosures
Various inspection recommendations and accompanying
Strategic and convincing repair requests
Appraisal / Loan Monitoring
Closing preparation (Walk-Thru, Loan Doc, key Transfer, etc.)
After escrow: Lifetime customer, Lifetime service
If you don't lose at all and don't make any concessions, you can miss the line. There is nowhere for sentiment to occupy in real estate transactions.
The following is a brief chronological summary of what buyers must do when buying a house. The buyer's to-do list is written from a different perspective than the Southern California home sales procedure , which contains an overall explanation of the buying and selling process, and the 7-step buyer service , which contains the things the agent does while buying a house. It focuses only on what buyers need to do specifically.
Things to do as soon as possible
Credit management
Downpay preparation
Loan Consultation & Pre-Approval Letter
Home Search and Offer
Search for homes for sale
Choosing a real estate agent
Create Offer
Initial Deposit
Loan Application and Financial Documents Submission
Inspection schedule
Escrow in progress (=during contract fulfillment period)
Fill out and sign escrow related documents (usually within a week)
Disclosure review and signature (usually within 1-2 weeks)
Inspection and repair/credit request (usually within 1-2 weeks)
Appraisal (usually within 1-2 weeks)
Home/condo insurance
Loan progress monitoring
Final Walk-Through
Down payment remittance (Wire Transfer)
Check purchase cost
Final Loan Document (Loan Document, abbreviated as “Londaq”) Signature/Notarization
Utility application
Funding (funding, loan amount release) and recording (home document registration)
After escrow
Escrow final document package confirmation
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