PURCHASE A HOME

1. Research the Market to Define Your Goals and Achieve Them

Buying a fine, luxurious home is a rich, rewarding, and complex process, so it’s extremely important that you educate yourself as much as possible, as there are many variables to consider in any home buying market, even if you plan to hire a specific PGA West, La Quinta, Hideaway, or Indian Wells REALTOR ®

First, you should clearly determine what size, style, location, and price of home you want and why you want it, and then closely analyze your financial situation, family’s needs, and the proximity to work, school, and desired facilities both now and projected.

2. Find an Experienced Local REALTOR ®

No matter what the market, buying real estate has practically limitless factors to consider that can be easily overlooked. Every home is different, even beyond their on-paper descriptions, so be sure to contact a REALTOR® when you know you’re ready to buy.

Your REALTOR ® will be your home buying guide for all aspects of the experience, so he or she will direct you through transacting, negotiating, and financing. Be sure this is someone with vast experience in the housing market you’re interested in, because taking a cursory look at a neighborhood will not provide all the details a local expert with expansive knowledge can provide.

3. Get Loan Pre-Approval

While it’s not a definite necessity, it’s a good idea to get pre-qualified for a home loan before you start looking for a home to buy. Once you’ve officially gone over your financial history, activity, and potential, you’ll be armed with a clearer idea of the perfect home for you.

4. House Hunt and Find the Perfect One

The best way to start house hunting is to establish a clear idea of the home you want from the outset so you don’t overwhelm yourself with home options that you will most likely end up rejecting later anyhow. The homes for sale in PGA West, La Quinta, Hideaway, and Indian Wells can vary tremendously and are notoriously beautiful, so don’t let every lovely home distract you from the specific one you want.

Start by getting together a list of what you absolutely need in a home and what you can (or prefer) to do without. The average homeowner searched for around 3 months and saw around 12 homes before settling on “the one,” and around 8 out of 10 report that real estate agents were a big part of the success of that process.

Let’s say you decide on a 4-bedroom, 4-bathroom, approximately 3500 square-foot home in La Quinta. Armed with these specs, talk to a specifically La Quinta real estate agent to start targeting only homes that fit that description.

5. Negotiate Your Offer with the Seller

Once you find that La Quinta home you know is perfect, you’ll be ready to make an offer. Buying a home for sale in PGA West or the surrounding areas will require close attention in working out a contract to negotiate and specify the total price, the closing costs, the upfront down payment, and more. Be sure to go over these terms with your trusted REALTOR® to ensure that you’re all on the same page.

After this preliminary paperwork is finished, your REALTOR® will run it by the seller to determine the next step. From here, the offer can be accepted, rejected, or negotiated until both parties can agree on final conditions.

6. Lock In Your Financing

When an agreement has been reached with that home’s seller, you’ll have to have your lender finalize the funds you’ve agreed upon for the down payment, closing costs, interest, and other stipulations per your pre-approval before you move on to closing. This last phase in the process before closing is a crucial one, so be sure the REALTOR® you’ve chosen is someone you can trust confidently.

7. Closing on Your New Home

Once you’ve reached this phase in the home buying process, the La Quinta home is practically yours. If you and your REALTOR® have taken care of everything sufficiently to this point, you’ll find this final step to be relatively painless as you go through three phases:

Title Search – This is simply a final review of all of your legal documentation that relates to properties you’ve owned in the past. If there are no claims against the title and you haven’t had any major issues here, this should be fairly simple.

A Final Look – Just to be sure everything is in order with the home you’ve chosen, you’ll have a chance to look it over so you can be sure it’s just like it was when you first saw it.

Settling – This is generally done in a lawyer’s office and marks the finalization of requisite paperwork and fees specific to the sale of that La Quinta home. When this is through, you’ll receive your official title, copies of all the documents you’ve been working with, and, finally, the keys to your new home.