Purchasing a home in Pismo Beach with Ocean West Properties

Purchasing a home is a stressful event for a lot of people. However, with some up-front planning, it isn't too complicated. So you'll understand exactly what to expect, I like to give my buyers an overview of the whole deal. Here are my nine steps to purchasing a home.

Should you have any questions about any of this information or if you're ready to get started, you can contact me here or send e-mail to erin.oceanwest@gmail.com.

Step 1 – Prepare to purchase
Before you begin looking for a home, there are many things you'll want to do. You'll want to assemble a check list of items you want to have, get an idea of what neighborhoods you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than or close to a third of your net monthly income is a good principle to go by.

Step 2 – Talk to a real estate agent
This is where I can help. I can book a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, school districts in the Pismo Beach area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.

I can also help you begin the loan process. Ocean West Properties works with some of Pismo Beach's finest mortgage professionals, so you'll be in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a home
After our initial meeting, I'll begin searching for homes on the market that meet your needs. I'll preview most of the homes and ignore the bad ones, and then we'll set up appointments to tour the houses whenever it's most convenient for you.

When we view the houses, I'll show you the good features and bad ones. And I'll ask you to talk about things you like and dislike. For the most part, buyers update their list of must-haves as we view houses and some things become more important than others. If that's the case, I'll look through all the listings one more time and narrow it down to the house you've been dreaming about.

Step 4 – Get a grasp of the housing market
Your agent's awareness of the Pismo Beach home market is an imperative factor in your home search. And I assure you I'm familiar with all the school districts and neighborhoods, and I'll let you know certain areas are "hot" and demand prompt action and the others that are "cool" and allow for careful analysis.

When we tour houses, I'll make sure to communicate if the list price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be mindful and make sure you ask plenty of questions, as every REALTOR® in Pismo Beach will convince you they know the housing market. If things don't add up, call me at (805) 540-8485 or e-mail me at erin.oceanwest@gmail.com, and I'll be glad to answer any questions you have. My market knowledge will help you stay a step above the rest throughout the entire process.

Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream home in Pismo Beach. When that happens, I'll precisely develop your real estate purchase offer. The offer will be tailored to suit your needs, including a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clear title.

Let Ocean West Properties guide you through finding your dream home in Pismo Beach When turning in your offer, you'll probably need to present "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property, and it's most often put towards the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a part in how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a deal that's best for you.

Step 7 – Get financing
After the contract is complete, you'll start working with your lender to close the loan. This won't be a long process at all if you're pre-approved, but you'll need to stay in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.>

Step 8 – Close the deal
Your lender will provide you with a Good Faith Estimate (GFE) outlining your closing costs within three days of receiving your loan application. The estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if everything looks okay.

Then we'll close on your home. This will probably happen at a title company or escrow office and is often a smooth and calm event.

Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything, simply contact me at (805) 540-8485 or send me an e-mail.