Orange County Real Estate Guide
Orange County Homes and Orange County Condos
 
    

 

 

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Home Buying Process

Home Buying Tips

  Getting Started 
  Home Buying Process
  10 Things to Know

  Real Estate Agency
 
  Buyer Representation
 

  Competitive Market Analysis

  A Winning Offer

  Home Warranties

  Home Inspections

  Title Insurance

  What is an Escrow?

  What happens at Closing


 

Financing Tips

Home Selling Tips

The Realtor's Role

Relocating

Real Estate Glossary

 
  1. Find a Realtor That You Can Trust - make a commitment to them in writing
     
  2. Analyze Your Needs in a free Consultation with your Realtor® - share with them what you need and desire in a home.
     
  3. Obtain a mortgage Pre-Qualification or Pre-Approval letter from a lender...we have referrals of good lenders that are ethical and base their business practice on integrity.  Visit our Home Loan Center.

     
  4. Select Properties.  Your Realtor® can search the local real estate multiple listing service quicker with your criteria to save you time.  Whether you find the home or they find it for you, make a commitment to work with one Realtor®.
     
  5. View Properties - if the properties that your Realtor® is showing you don't match what you want, tell them.  Many home buyers say that their agent is not showing them what they want to see and get frustrated.  Communication is the key to finding the right home for you.  So, share your thoughts with them. 
     
  6. Remember, you are working as a Team with your Realtor® to find, buy and negotiate the purchase.
     
  7. Write an Offer to Purchase  (You will need to write a deposit check payable to your Agent's Real Estate Company not them personally) this check, most likely be held until your offer is accepted.  Then, it will be given to the escrow company who will be processing the transaction.
     
  8. Negotiate and Counter Offer if necessary (this is where your Realtor's skills will come into play to assist you).
     
  9. Accept the Contract, do the Inspections, review disclosure documents from the seller and remove contingencies
     
  10. The Lender will order the appraisal and gather any additional documents from you.
     
  11. Once all the documents are approved by the lender, then you will receive final written loan approval.
     
  12. Sign Loan Documents

     
  13. Final Walk-Through the Property...this usually happens 5 days before the close of escrow.
     
  14. The Grant Deed is submitted by the escrow company and recorded at the county recorder. When they receive confirmation that the deed has been recorded, the escrow company will close the transaction.
     
  15. In Southern California, most of the time, the buyer receive possession (the keys) of the property 3 days after the close of escrow.   Why 3 days?  This entitles the seller time to move after escrow closes.  They may be buying another property and every needs to be coordinated on with the next home.  Please be patient.  Your Realtor® will be with you every step along the way to assist you.
 
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Disclaimer. All information provided is deemed reliable but is not guaranteed and should be independently verified.  Properties subject to prior sale, or rental.  Homes are listed for sale by all of the southern california real estate companies. 

Realtor® -- is a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.  All members of The Red Wagon Team, are licensed real estate agents with the State of California and are members of the National Association of Realtors® and the local board of Realtors®.


© Copyright 2003-2008, The Red Wagon Team, Inc.,  All rights reserved.  No part of this website can be copied or used unless you have written permission from the officers of The Red Wagon Team, Inc. this includes the use of The Red Wagon Team logo and other trademarks.  We are real estate professionals at Main Street Realtors, Inc.

 

We have cover real estate in Huntington Beach, Laguna Beach,
Newport Beach, Seal Beach, Sunset Beach, Surfside Colony, Orange County real estate.


 

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