Short Cuts To Discovering Santa Monica Foreclosures Tip 14

Tips Buyers Need to Identify Regarding Purchasing Santa Monica Foreclosures Tip 229

The most common question any estate agent is asked is, "Why is it in my interest to purchase a home?"

This is a very good question. It's really hard to know all the details and steps involved in purchasing a home, should you be not involved in real estate on a daily basis - and most of you are probably not. Well, I have created this article to help who maybe don't have that much knowledge on this process and I've simplified the process into 5 steps. Each situation differs obviously, but this is the general idea. The process can be different all over the world though, for an example look for Santa Monica foreclosures and you'll see what I'm getting at.

Here are those 5 key points:

Proof of Financing. You must be able to show that you can obtain all the money needed. If you know you cannot access the money, then don't even bother wasting time looking for a house. A simple letter from your bank will usually suffice. You will certainly need this is you are looking for Santa Monica foreclosures.

List of Requirements. Just note down everything that you want out of your house - be that a certain sized yard, a swimming pool or just anything else. Also it's very important to list the price range of home you can afford. The next step is to drive around the area you like and see what is available. Take down the addresses of all the properties listed for sale. On a side-note. My idea of totally ideal house is in California, have a search for Santa Monica foreclosures, you won't regret it.

Hire an agent. It is best to work with a full-time realtor. Using the assistance of an estate agent is charge-free. Your realtor's commission will be paid by the seller upon closing of the property. Just ask around in order to find the best realtor possible. Beware engaging the services of someone who works in real estate as a hobby, even if it's a family member or friend. If you don't have a realtor yet, give me call and let's talk. I concentrate on Santa Monica foreclosures but of course I can give advice to you.

Viewing homes. Take your list of requirements as mentioned above to your estate agent. Based on your preferences, she will locate a number of properties that fit your list, and send you their addresses. Use the internet and look at them. Sometimes you may even be able to get a virtual tour prior to the actual visit. You will then need to shorten down the list of homes to about 5-6 ones which you want to view in person. Don't worry if you don't end up liking them, it takes around 20 viewings before most people find their ideal home. If the home you are after is totally out of your price range then leave it and find something more affordable. If you find yourself with little money to invest in a house then looking for Santa Monica foreclosures won't help you.

Making an offer. The next task is to ask your estate agent to make an offer on your behalf for the property you would like.

After all the paperwork is signed, you'll be handed the keys to your new home. Job completed. The entire process may be confusing at first, but an experienced real estate agent can guide you and make your first home purchase easy. In fact, when I was recently looking for Santa Monica foreclosures I don't think I'd personally have ended up with a house without the real estate agent's help! On a concluding note, if you are looking for a home in California then search for Santa Monica foreclosures.

by: TommyKesler

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