Buying a Home - Rancho Santa Fe Real Estate

Buying a Home:

There are beautiful homes available in the area

What steps do you need to be take so you can get serious about buying a home?

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	Home Buying Steps:

1) "How much house can I afford?" - Most buyers ask themselves this question at one time or another. The process of buying a home or investment generally starts with determining your buying power; that is, your financial reserves plus your borrowing capacity..

2) Locate your home - How do you go about finding the right property? It is one of the biggest decisions in your life. Once you do, make a well calculated offer.

3) Do the financing - Understand the issues surrounding obtaining your mortgage - rates terms, points, and variable versus fixed rates.

The process of obtaining financing should begin before you start your property search.

Finding Your dream home - Once you know how much you can and want to invest, the next step is to find the properties that most nearly fit your needs. This is the time to choose a real estate licensee. When picking a real estate agent look for one who is also a REALTOR®.



	Negotiating Price & Your Mortgage:

Negotiating the price and terms - There are a myriad of negotiating factors, including, but not limited to price, financing, terms, date of possession, and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should also provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.



	Get Professional Advice:

Research and the Professional - With a negotiated agreement in hand, it is time to complete the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your agent can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your agent, title company or attorney can help you resolve issues that might cause problems at a later date. Finally, there is the closing, or settlement, as it is known in different parts of the country. The title or escrow company will handle this process. Your real estate agent can guide you through this process and make sure everything flows together smoothly.

Rancho Santa Fe Real Estate or any of its affilates or principals does not make any warranty or representation concerning any of these properties including their availability. Information at this site is deemed reliable but not guaranteed. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information.