Tips for Buyers

Choosing a Realtor®

Of all the decisions you'll face when buying a home, there's none more important than the person you choose to represent you.

The job of your Sales Associate is to support you in finding the right home with the best possible terms, and to aid you through the entire process. Your Sales Associate will explain the process of buying a home, and familiarize you with the various activities, documents and procedures that you will experience throughout the transaction.

Tips For Selecting A Realtor®

Your Real Estate Professional should be:
  • Knowledgeable about the communities of interest to you.
  • Aware of the complicated local and state requirements affecting your transaction.
  • Effective in multi-party, face-to-face negotiations.
  • Highly-trained, with access to programs for continued learning and additional certifications.
  • Technology-focused.
  • Supported by professional legal counsel.

Financing

Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a home to purchase. This process will help you:
  • Determine the price range you can afford.
  • Understand the types of loans you qualify for.
  • Determine what your monthly payment will be.
  • Estimate the down payment and closing costs.

The Loan Process

Your Sales Associate will help you to select a mortgage lender. Once you have made your decision, these are the steps of the process:

Application - All pertinent documentation is obtained. Fees and down payments are discussed, and the borrower will receive a Good Faith Estimate (GFE) and a Truth-in-lending statement (TIL), itemizing the rates and associated costs for the loan.

You will be asked to provide certain documents to your lender in order that your loan can be processed in a timely manner.

Loan Submission - Once all the necessary documentation is in, your completed file is submitted to a lender for approval.

Loan Approval (Underwriting) - Loan approval, or underwriting, generally takes 24 to 72 hours. All parties are notified of the approval and any loan conditions that must be received before the loan can close.

Closing - Once all parties have signed the loan documents, they are returned to the lender. If all the forms have been properly executed, the lender sends the loan funds by wire transfer. At this point, the borrower finishes the loan process and actually buys the house.


Finding and Choosing the Right Home

Based on criteria that you and your Sales Associate establish together, your Associate will help you find the perfect home. There are many factors to consider in selecting a property, including location, bedroom and bath count, schools and amenities.

Your Sales Associate will apply their extensive community knowledge and professional resources to research available properties, and show you the homes that best meet your needs. If you find a property that interests you through the Internet or your own research, let your Sales Associate know so that a showing can be arranged.

As you view different properties, your criteria may change. Open and direct communication with your Sales Associate is a key element of a successful property search.


Making an Offer

Once you have found the home that you wish to purchase, your Sales Associate will apply their professional training and do all the necessary research to help you structure an effective offer.

This is where your Sales Associate's negotiation skills come into play. When an offer is made, the seller will have the option of accepting, rejecting or counter-offering. Your Sales Associate will negotiate the best possible terms for you.

Your Sales Associate will draft the purchase agreement, advising you of protective contingencies, customary practices, and local regulations. Home warranty, title and escrow arrangements will be detailed in the offer. Although your Sales Associate will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.


Managing the Escrow

When the purchase agreement is accepted and signed by all parties, your Sales Associate will open escrow for you and your earnest money will be deposited. The escrow is a neutral third party that will receive, hold, and distribute all funds associated with your transaction.

Removing Contingencies

Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. Your Sales Associate will coordinate this process. Typical contingencies include:
  • Approval of the Seller’s Property Disclosure Statement.
  • Approval of the preliminary title report.
  • Loan approval, including an appraisal of the property.
  • Physical inspections of the property.
  • Pest inspection and certification.
  • Acquisition of homeowner's insurance.

Closing Escrow and Moving In!

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.

Your Sales Associate is a valuable source of helpful tips for planning and coordinating your move.

Find La Mirada Homes for sale including foreclosures. Get the highest real estate value for your La Mirada real estate. Expert advice by La Mirada realtor Warren Nass. If you're a potential seller of La Mirada real estate,  but now may be a good time to move. For buyers, there is a wide variety of La Mirada houses. They range from detached single family residences, horse properties around Creek Park and Ocaso, condominiums from The Glen to Los Olivos, and the adult and senior community of Landmark.

La Mirada, California has a gently hilly terrain and many houses have great hilltop, valley and golf course views. There are even some properties where you can gaze out at the ocean and Catalina 20 miles away.La Mirada means "The View" in Spanish. But there are many wonderful things to see and do throughout this charming, prosperous community besides look at the scenery. Its location on the border of Los Angeles and Orange counties means an easy commute to major business centers in Los Angeles, Long Beach and Anaheim. And it takes only minutes to get to famous southern California beaches, mountains and attractions such as Disneyland, Knotts Berry Farm, Universal Studios, the Los Angeles Zoo and Hollywood. But you don't need to go that far to have a good time in La Mirada. There's a wide network of walking paths and horse trails and parks. La Mirada Park Regional Park has 100 acres, Splash and La Mirada Regional Aquatics Center. La Mirada cultural attractions include the La Mirada Theatre for the Performing Arts and Biola University.

La Mirada house values are up! With very little inventory of La Mirada homes for sale, it has created a seller's market once again. If you were waiting for the value of your La Mirada home to come back up, your wait may finally be over. Home values in the city of La Mirada are rising. Selling a home in the city of La Mirada, CA can be a challenging process. House values in La Mirada can fluctuate not just from one city to the next, but from one neighborhood to the next. So you're wondering, "How much is my La Mirada home worth?" You may be surprised to find out how much La Mirada home prices have gone up the past year or two. As you search internet sites such as Redfin.com, Zillow.com, Trulia.com, Realtor.com and Homeseekers.com, you will get various information from computer generated averages. The most accurate way of finding out how much recently sold homes in La Mirada, CA have sold for in the last few months, you can have a professional real estate agent experienced in listing and selling homes in your neighborhood do what we do best on your behalf. Home prices in La Mirada CA are based on the previously sold home prices, derived from the county public records, and California real estate information. Looking at home prices can be counter productive as current homes for sale in La MIrada don't enter the valuation picture until they sell and record with the county which can take up to 30 to 60 days to accurately be recorded in their system. Our estimate of value for your La Mirada will assist you in forming your plan for a real estate purchase or sale.

If you are considering a local La Mirada realtor, Warren Nass is a good choice. Not only is Warren Nass a local La Mirada real estate agent who is very familiar with La Mirada, Warren has spent more than 40 plus years in the La Mirada area.  Call today for a free Comparative Market Analysis.

We can also assist when searching for La Mirada homes for sale or La Mirada homes for rent. Or if you are interested in receiving a free comparitive market analysis of your homes value, Warren Nass can provide that for you also. You may be very surprised to learn how much your La Mirada house value is currently. With less inventory of homes for sale in La Mirada, it has created more of a seller's market again. What that means for you as a seller? If you were to list your La Mirada home for sale, you would more than likely generate quite a bit of interest from pre-approved buyers who are just waiting for properties to come on the market for sale.

La Mirada schools are great and  include La Pluma Elementary, Garden Hill Elementary, Dulles Elementary, Eastwood Elementary, Escalona Elementary, Hutchinson Middle School, Benton Middle School and La Mirada High School. The city of La Mirada was recently voted one of the "Best Places to Live" by CNN Money Magazine.  

There are many things you can do in the city of La Mirada including the bike riding, roller skating, fishing at La Mirada Regional Park. La Mirada golf course is one of the finest public golf courses in the Los Angeles County. There are many parks in the city of La Mirada including La Mirada Regional Park, Neff Park, Creek Park, Behringer Park and Los Coyotes Park. La Mirada offers a variety of wonderful communities to live in including Hillsborough, Hawks Point, Sommerset, The Glen at Hillsborough, Hillsborough Collection, La Mirada Landmark 55 plus active senior community, Green Hills, Creek Park and many more. Some of La Mirada's finest dining restaurants include The Elephant Bar, Northwoods Inn, Mr. V's, Cabo Taco Baja Grill and many more.

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So whether you're buying or selling in La Mirada, please give me a call.