Step by step home buying process

outlandSo, you have finally decided to take the major leap and begin your quest for home ownership.  Congratulations it’s a step that many aspire to one day!

 

Take a deep breath and let us take you on a journey of what’s going to be involved in your first home purchase and the most important part that is choosing a real estate agent that you’re comfortable with, one that knows the area and of course one that can get you the best possible deal for your new dream home. Let’s take a look at the process involved:

 

 

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House and keys

Research:

Of course like all things in life the more prepared you are; the more successful you will be and this applies just as much to your first home purchase. You should start by deciding the area you would like to live in and the research the property in the area; collect all of this data including local amenities, costs, local rates, schools etc in a spreadsheet, as you will be able to access this data at a later stage to make an informed decision.

 

Choosing an agent:

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Some would say this is probably the most critical part of the process; you want to choose a real estate agent that comes well recommended, through either family or friends or online research. The agent should have all of the necessary accreditation as well as all the correct paper work for insurance etc. A good local real estate agent will have superb knowledge of the local market and be able to advise you every step of the way. If you’re looking for central coast real estate then http://jamesoutland.net/ is for you. James Outland Jr. is one of those rare people who simply has an outgoing approach to life and by nature has built up a black book of contacts and a wealth of knowledge in the Pismo Beach and surrounding areas. True to his nature, James is driven to help his real estate clients succeed. His energetic nature helps him keep up with the latest market trends and he’s always striving to provide his client with the most amount of personal attention. With these winning attributes, James Outland Jr. has rocketed to the top of his field.

If you’re considering buying a property in Pismo Beach or the surrounding communities, turn to James Outland. He’s Driven to Help You Succeed.  Not matter how big or small James is always on hand to help and should you have any questions at all then please don’t hesitate to get in touch with him here today.

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Mortgages:

As you are probably aware by now, most people don’t pay cash for their homes. They usually get a Mortgage, meaning they secure the loan on their home with the property itself. In other words, the home is the collateral, owned by the mortgage provider until the Mortgage is satisfied, or paid off.

 

If you really want to do it correctly, the first step in your home buying process should be to obtain a copy of your full Credit Report. This is what the mortgage provider will use to determine your creditworthiness, so it is recommended you know what the bank will know. Also, this way you will be able to answer the question; What can I afford? Once you have determined your creditworthiness and what you want to spend, the next step is to find a Mortgage Professional. This can be your local bank, a Mortgage Banker or a Mortgage Broker. Shop around and always speak to more than one person to explore all your options. There are hundreds of different mortgage programs, FHA, Conventional, VA and varieties of each. Make sure you get the deal that will fit best with you, remember most mortgages are for 30 years.

 

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Now if you already have a mortgage, it might be time to refinance your current mortgage. There are a variety of reasons to do this from wanting a better rate to pulling out some of your home’s equity to fix up the old place or just pay off some debt. Whatever the reason, leverage the money from your investment to get the job done. Also, if you have run into difficulty making the payment of your mortgage each month, a loan modification might be right for you. If not you might have to get prepared for the bank to Foreclose on your home mortgage.

 

Now that you have the basic knowledge on what a mortgage is, what you can afford and who will be handling it for you; go out and find the home of your dreams.

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Closing the sale:

james1There are currently multiple options available to you on the market to buy a home; you could start the search online yourself and try and deal with the sales process yourself, although in most cases it’s not advisable. Hiring a professional real estate agent for the job will not only help you get the best deal and possibly save money but it will also give you peace of mind in the process.

If you’re looking to buy in the Pismo beach area then don’t hesitate to check out Pismo Beach Home for Sale you can also learn more about James here or why not check out some of the stunning featured properties here. James also has a great blog here and of course should you have any questions at all about your new home purchase in Pismo Beach then please don’t hesitate to get in touch with James here who will be more than happy to help out.

If social media is your thing then he would also love to hear from you on Facebook, Twitter or Google+.  We wish you all the best with your new home purchase!

 

 

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