Let an experienced KW Whittier agent lead the way to endless possibilities.
Our highly trained professionals are well educated in the market and provide genuine support throughout the entire transaction, and long after.
Decide To Buy
THE DECISION TO PURCHASE YOUR FIRST HOME IS ONE OF THE BIGGEST AND BEST DECISIONS YOU COULD EVER MAKE.
There is never a wrong time to buy the right home.
A home purchase is an important step in the path to long-term wealth.
Purchasing your own home is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential and tax benefits.
It's also an automatic savings plan that you cannot get from renting!
You don't have to know everything.
Your Keller Williams agent is ready to help you through every step of the process.
Hire Your Agent
THIS IS YOUR DREAM, AND YOUR AGENT IS YOUR ADVOCATE TO HELP YOU MAKE YOUR DREAM COME TRUE.
A GREAT REAL ESTATE AGENT WILL:
Educate you about the current conditions of market.
Ask questions to understand what you want and what you need in your next home.
Coordinate the work of other needed professionals throughout the process.
Negotiate with the seller on your behalf.
Check and double-check paperwork and deadlines.
Solve any problems that may arise.
- Choose a loan officer.
- Make a loan application and get preapproved.
- Determine what you want to pay and select a loan option.
- Submit to the lender an accepted purchase offer contract.
- Get an appraisal and title commitment.
- Obtain funding at closing.
Find Your Home
A GREAT AGENT WILL HELP YOU MORE ACCURATELY PINPOINT HOMES THAT FIT YOUR CRITERIA.
SOME QUESTIONS YOU MIGHT ASK YOURSELF INCLUDE:
- What do I want my home to be close to?
- How much space do I need and why?
- Which is more critical: location or size?
- Would I be interested in a fixer-upper?
- How important is home value appreciation?
- Is neighborhood stability a priority?
- Would I be interested in a condo?
- What features and amenities do I want? Which do I really need?
Make An Offer
REMEMBER THAT A HOME IS AN INVESTMENT.
YOUR AGENT WILL RESEARCH SIMILAR PROPERTIES IN THE NEIGHBORHOOD TO HELP YOU DETERMINE THE MARKET VALUE AND FAIR PRICE FOR YOUR HOME. LOOK TO YOUR AGENT TO EXPLAIN AND GUIDE YOU THROUGH THE OFFER PROCESS.
- The three basic components of your purchase offer are price, terms and contingencies.
- Price is the dollar amount you are approved for, willing and able to pay.
- Terms cover the other financial and timing factors that will be included in the offer.
- Contingencies are clauses that let you out of the deal if the house has a problem that didn't exist or which you weren't aware of when you went under contract. They specify any event that will need to take place in order for you to fulfill the contract.
Perform Due Diligence
JUST BECAUSE YOU LOVE A PARTICULAR PROPERTY DOESN'T MEAN THAT IT'S PERFECT. YOU'LL NEED TO HAVE A PROPERTY INSPECTION (WHICH WE HIGHLY RECOMMEND YOU ATTEND) THAT WILL EXPOSE HIDDEN ISSUES. THIS WAY YOU'LL KNOW WHAT YOU ARE GETTING INTO BEFORE YOU SIGN CLOSING PAPERS.
- Your main concern is the possibility of structural damage.
This can come from water damage, shifting ground, or poor construction when the house was built.
- Don't sweat the small stuff. It's the inspector's job to mark everything discovered no matter how large or small. The inspectors report may be long, and things that are easily fixable may be overlooked at the time being.
- If you have a big problem show up in your inspection report, you should bring in a specialist. If the worst-case scenario turns out to be true, you might want to renegotiate terms of the purchase or choose another property.
- Even if your home passes inspection, you'll still need to buy a home owner's insurance policy that protects you against loss or damage to the property itself and against liability in case someone sustains an injury while on your property.
IN ORDER TO ENSURE THAT YOU DON'T PUT YOUR CLOSING DATE, OR YOUR MORTGAGE AT RISK, YOU HAVE A FEW PRE-CLOSING RESPONSIBILITIES THAT YOU'LL NEED TO BE MINDFUL OF. THESE INCLUDE:
- Staying in control of your credit and finances. If you are tempted to make any large purchases during this time, it's best to talk to your lender first.
- Keeping in touch with your agent and lender, returning all phone calls and completing paperwork promptly.
- Communicating with your agent at least once or twice a week, and verifying with your lender that all mortgage funding steps are completed.
- Conducting a final walk-through of the home with your agent.
- Confirming with your agent, home insurance professional, and lender that you have the settlement statement, certified funds, and evidence of insurance lined up prior to closing.