Buying or selling a home ? Multi Zone Realty, Inc can help.

Buying a home is an intimidating event for most people, but with some up-front planning, it's not too confusing. We like to supply buyers with a road map of the entire deal so they'll understand exactly what to expect. Here are our nine steps to purchasing a home.

Step 1 – Prepare to buy
There are plenty of things you should consider before starting your home search. When you start your search, you'll probably want to form an index of must-haves, get an idea of what school districts you want to live in, and begin planning your budget. Keeping your mortgage payment less than 30 percent of your monthly income is a good rule of thumb to follow.

Step 2 – Get in touch with a real estate agent
This is where Multi Zone Realty, Inc can help. We can plan a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the area.

We'll also help you begin the loan process. There are some very good mortgage professionals in , and we work with a lot of them, so you're in great hands. They will help you determine which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking
Following our initial meeting, we'll start looking for houses on the market that are great for you. We'll research many of the houses and throw out the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.

As we tour houses, we'll show you the positive features and bad ones. we'll even ask you what things you like and dislike. Generally, buyers update their wish list as we tour houses and some items become far more substantial than others. If that's the case, we'll look through the listings another time and trim it down to the house you've been wishing for.

Step 4 – Get a grasp of the market
An agent's knowledge of the market is a leading factor in your home search. And we can assure you we're very familiar with all the school districts and neighborhoods, and we can alert you to what areas are "hot" and warrant prompt action and the rest that are "cold" and allow for thoughtful examination.

As we view homes, we'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask plenty of questions, as any REALTOR^® will claim to truly understand the home market. If things don't add up, contact us at 818-784-7002 or e-mail us at karl@multizonerealty.com, and we'd be happy to answer any questions you might have. Our knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find your dream house
I'm confident we'll find your dream home in . When that happens, we'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clean title.

When we submit your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property and is often put towards the cost of closing. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the initial offer. It's very common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.

The state of the market will play a vital role in how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll assemble a deal that's best for you.

Step 7 – Obtain financing
After the deal is finished, you'll begin working with your lender to close the loan. If you're already pre-approved, it won't take very long at all. But you'll want to keep in close contact with your mortgage lender. And we'll manage all the property information your lender needs to close the loan.>

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of receiving your loan application. The estimate rests on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a tight range of accuracy. we'll go over the estimate and let you know if everything looks all right.

Then it's time to close on your house. This will likely happen at a title company or escrow office and should be a smooth and comfortable occurrence.

Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything, simply contact us at 818-784-7002 or send us an e-mail.