Home Buying in Carlsbad, North San Diego County Step by Step

by

Donald Lynch

There are 8 steps to buying a home. We will help you with each one.

1. Select a REALTOR® / establish a relationship. I am a full time, professional REALTOR® with extensive market knowledge. We will work closely with you to find the right home for you. Why should you select us to represent you as a buyers agent? Our philosophy: The Starfish Story. What others say about us. You should know your buyers rights and about exclusive buyers agency. 2. Loan Pre-approval: Become the same as a cash buyer! Once we establish your needs, I can provide guidance to financial institutions where you can obtain information in order to get the best financing available. We will meet to discuss your needs and analyze your resources. We will start the mortgage pre-approval process to turn you into the equivalent as a cash buyer so you have the most leverage possible in the buying process. What questions should I ask my lender about loans? Click to view 5 Real Estate Buying Strategies I Always Recommend. 3. Identify property to buy. I will show you Carlsbad and other North San Diego County homes based upon the criteria that we establish. The more precise and direct you are with me, the more successful your search will be. What is on your wish list? How will you know when you have seen to make the right choice? 4. Write offer to purchase. Once you have found the Carlsbad and other North San Diego County home that you wish to purchase, I will do the necessary research to help you structure an effective offer. I will advise you on protective contingencies, customary practices, and local regulations. At this time you will need to provide an \”earnest money\” deposit, usually from 1 to 3% of the purchase price (the deposit is not cashed until your offer has been accepted by the Seller). 5. Presentation of offer and Seller\’s response. I will present your offer to the Seller and the Seller\’s agent. The Seller has three options: they can accept your offer, counter your offer, or reject you offer. My personal knowledge of your needs and qualifications will enable me to represent you in the best way possible. I will review the Seller\’s response with you. My negotiating skills and knowledge will benefit you in reaching a final agreement. 6. Open escrow. When the Purchase Agreement is accepted and signed by all parties, I will open escrow for you. At this time your earnest money will be deposited. The escrow or title company will receive, hold and disburse all funds associated with your transaction. This is the time allowed per your purchase agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject. Typical contingencies include: • Approval of the Seller\’s Transfer Disclosure Statement • Approval of the Preliminary Report from the Title Company • Loan approval • Appraisal of the property • Condition of Property 7. Due Diligence. During the escrow process there are some activities you will be responsible for scheduling or completing. These include: • Schedule a Professional Physical Inspection of the property. Once the report is received, I will review it with you in detail. • Review the Pest Inspection report and certification once received by the seller. • Obtain an Insurance Policy and coordinate between your Insurance Agent and the Escrow Officer to make sure your policy is in effect at close of escrow. • Contact all the Utility Companies about 2 weeks before the close so you can transfer them into your name at the close of escrow. We will give you a list of local utilities • Maintain your Credit Score by ensuring no new credit accounts are opened and avoiding larger credit purchases. • Be prepared to request a Cashier\’s Check or set up a Wire Money Transfer from your bank several days prior to the closing date of escrow. 8. Close escrow. When all of the conditions of the Purchase Agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price. The Deed will then be recorded at the County Recorder\’s office and you will take ownership of your home. Are you ready to look for your home in Carlsbad or other North San Diego County areas now? Please Email or click here to go to our Buyers Needs Form. Fill it out and e-mail it to me and I will do a search for you. No obligation. Please contact me when you are ready to buy or search for your Carlsbad or other North San Diego County house. SPECIAL FINANCING PROGRAMS: SPECIAL FINANCING OPTIONS are available for Law Enforcement, Public Employees, Teachers, 1st Time buyers, and Low Income buyers and Targeted Areas. Programs vary. Please check with me for more information.

This information is brought to you by:

Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® DRE# 00476662 Certified Distressed Property Agent Sunshine Smith, SFR, Realtor® DRE# 01249837 Short Sale, Foreclosure Resource Certified RE/MAX BY-THE-SEA dennis@SanDiegoHomes4u.com www.SanDiegoHomes4u.com 760-436-0087 or cell at 760-212-8225 Providing quality Real Estate services in the North Coastal San Diego area including Del Mar, Solana Beach, Rancho Santa Fe, Cardiff by the Sea, Encinitas, Leucadia, Olivenhain, Carlsbad, La Costa, Aviara, Oceanside, Vista, San Marcos, San Elijo Hills, Escondido & all San Diego County. View all San Diego area homes for sale at http://www.sandiegohomes4u.com/MLS_Search.htm

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