Buyers

Imagine waking up in the morning, sunlight streaming through your window. You draw the curtains to see your neighborhood laid out before you, the shadow of the Transverse Ranges framing the scenery. And then at night, you go to bed with the lights twinkling, both in the night sky and in the San Fernando Valley.

Ready to live the good life? The San Fernando Valley is a prime location, if you’re looking for a home to buy in Los Angeles luxury real estate. Continue reading to learn all the things to know when buying a house in the San Fernando Valley.

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Step 1

Choosing To Buy a Home

Before you shop for a home in the San Fernando Valley, it’s important to ask: is buying a home the next step you want to take?

These guide questions will help you carefully consider your motivations behind buying a house:

  1. Have you outgrown your current home?
  2. Are you upgrading or downsizing
  3. What are your plans for the next five to ten years?
  4. Are you financially ready?

If you see yourself possibly moving somewhere else in the next year or so, or you need to boost your finances, it might be better to hold off buying a house and rent for the meantime.

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Step 2

Making the right preparations

Firm on your decision to buy a house? It’s time to move on and make the necessary preparations. Here are a couple of things you need to do before you start looking at housing options:

  1. Financing: How’s your credit report and rating? Do you have any outstanding debts you need to settle? You need to get your finances in order to be able to secure your preferred mortgage plan.
  2. Get pre-approved for a mortgage: Sellers like buyers who are already more than halfway done with your mortgage application. If you want to impress sellers even more, consider going one step further and get pre-underwritten for a loan.
  3. Make a list of your needs and wants: As early as now, determine what kind of house you want to buy. This will help you focus your home search.
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Step 3

Finding the right real estate agent

Your real estate agent if your partner in your search for the perfect home in the San Fernando Valley, so it’s important you find the right match.

Specialization in the San Fernando Valley’s real estate market isn’t the only criteria your real estate agent needs to meet. Ask your prospective agents about their experiences in the industry, their preferred communication style, and what they can offer you.

Want to read more about how to find a real estate agent? Click here.

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Step 4

Searching for the perfect home

With your mortgage application ongoing and the right real estate by your side, it’s finally time to look at homes for sale.

Housing options in the San Fernando Valley are wide-ranging, so if you did your homework and listed down your must-haves (such as good schools, a garden, and the number of bedrooms), you can effectively narrow down your options.

Communicate what you want and need in a house with your real estate agent so they can find options that fit your preferences. And when you finally find the one, go ahead and make an offer.

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Step 5

Fulfilling your obligations as a home buyer

If the seller accepts your offer without a hitch, it’s time to start the main part of the home buying process. If you have yet to have a home inspector to take a look at the property, now is the time to do it. This will help you determine if the house is as the seller states it is.

Another thing for you to do is to finalize your mortgage application process. Not much work is needed if you are already pre-approved or pre-underwritten for a loan.

As you wait for the closing day, it’s also wise to prepare for the move. Notify your utilities, bank, and workplace about your impending change of address. Start sorting and packing your stuff, and find a moving company to help you transfer your belongings.

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Step 6

Closing the deal

On closing date, you’ll meet with your seller, along with your respective agents and the escrow officer to finalize the details of the sale. Paperwork will be reviewed, and you can also do a final walkthrough of the property to see if everything is fine and dandy.

If everything and everyone is satisfied with what was done during the days leading up to the closing date, it’s time to close the deal. Your seller will hand over the title and keys to the home. Congratulations! It’s time to move into your new home in the San Fernando Valley.

Learn Everything You Need to Know if You Want to Buy a Home

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