Buyer's Guide
Everything you need to know about the process of buying a new home.
Everything you need to know about the process of buying a new home.
Los Angeles Area is one of the most desirable real estate markets in the world, and we understand that navigating the property buying process can seem challenging. However, with the expertise and breadth of knowledge of our team, you are in trusted hands. We will guide and advise you during every step of the buying process to help you find the perfect home that fits your needs, budget, and lifestyle.
How much you can afford and how much you are comfortable spending are determining factors in deciding where you will live and what typeof property you will purchase,making pre-approval the first place to start. Getting pre-approved allows us to have parameters to work within to find you your dream home. It also gives you the power to confidently write an offer on a property you are excited about!
Where the real fun begins! We will go over our unique home search process with you, explain how the home buying process works, and begin to identify areas and criteria that will make up your home.
Time to hit the pavement and see what those neighborhoods really feel like off the map. Would you want to live there or not? This is how you start to narrow down what area you want to live in.
Now that you have narrowed down what area you want to live in, it's time to get through some doors to really see what the home layouts and styles are within your price range. Here we will define the criteria for your "must-haves" and the things you can live without. This is the really fun part, we get to hone in on what you like and what will fit your lifestyle.
You are educated, you know where you want to live, you know what's out there and you are confident this is the home that is perfect for you! Time to write an offer. We will walk you through the entire home buying process from writing the offer, negotiating contracts and terms throughout the escrow period, to handing you the keys.
Instead of disappearing after the closing, you can expect us to keep in touch. Buying a home comes with home owner responsibilities and we are here to help refer you to contractors, plumbers, roofers, electricians, etc. We will also call from time to time just to check in and see if you need anything.
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.
Pre approval is different from pre-qualifying, as it is a full loan approval instead of an opinion letter. It is recommended to get pre-approval before looking at homes. Finding out what you qualify for will help you look in the right price range.
The lender will determine your purchasing power, which gives you a guideline as to what you can afford before you begin the process. They will show you a variety of different types of financing (fixed, adjustable, etc.), and will determine how much you qualify for with each type. Based on your desired payment level and type of financing with which you feel comfortable, we can determine your purchasing power.
You need to choose a home based on what funds you have available, the lender will design a loan that will work for your individual situation.
Before picking a price range, you should make sure you are comfortable with your total monthly payment: principle, Taxes, Interest, Insurance (and Mortgage Insurance, if necessary).
We got our client’s offer accepted in a 22 offer scenario! They were not only neck in neck with the other top offer, but the other buyer had removed ALLcontingencies to try to gain an edge over all other offers. Due to our good standing relationship with the listing agent we were able to get our buyer's offer accepted while keeping their inspection contingency in place!
Sign up for our free buyer’s guide to receive more info on what goes into the home buying process, tips on how to get your offer accepted, and answers to frequently asked questions.
Read what our client have to say about us.
“Let me start off by saying that this is our second time working with Lauren. I believe that repeat customers are one of the biggest signs of a great relationship. We felt like newbies even though it was our second time but Lauren didn't skip a beat and happily explained every part of the process and gave her experienced insight to ease our emotional ride. Selling and buying can be stressful and completely mitigated by having a great team to ease the uncertainties that run through your mind.”
“Lauren and her team helped us find and secure a house that we love and also made the experience a rewarding and exciting one, with the least amount of stress possible. We ended up closing escrow on the house of our dreams. Lauren and her team were integral to making it happen and also a big part of minimizing our stress throughout such an important process which was both financially and emotionally taxing. They were professional and provided sound advice on the process, but they were also patient,understanding, and provided emotional support when we had doubts and just needed a hand to hold during a stressful process. We would highly recommend Lauren to help you secure the house of your dreams.”
“We worked with Lauren to buy our new house in Torrance and to sell our previous house in
Westchester, and without a doubt, she was the key to making both experiences a success. We've learned that having the right realtor makes all the difference when buying and selling your home. The process, which can be an emotional rollercoaster and at times inconvenient, especially given busy work and family schedules, is not an easy one. However, Lauren's experience, responsiveness, flexibility, and professional reputation made the experience as easy as possible, and we can't thank her enough.”
Lauren Weber Group
21250 Hawthorne Blvd., #750
Torrance, CA 90503
CA DRE# 01872730
