Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.
Contact a real estate professional, such as me, who will help guide you through all of these steps
Review & sign a buyer representation broker compensation agreement
Get pre-approved for a home loan
Search for the right home
Make an offer
Open escrow & deliver initial deposit to escrow
Lender starts loan approval process, home appraisal is ordered
Set up home inspection & other home related inspections
Review preliminary title report to check for title & liens
Review sellers disclosures & other disclosures, including homeowners association documents (if applicable), check home insurability and cross check insurability with lender
Negotiate repairs, if any
Appraisal comes in & loan is approved
Sign loan & buyers escrow documents
Loan funds
Property records! Congratulations you are a new homeowner!
After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams.
Whether you're buying, selling, or just exploring your options, Talin Mari Jemjemian is here to guide you every step of the way. With over 16 years of experience and a deep understanding of the Los Angeles market, Talin is committed to turning your real estate dreams into reality.
