Real Estate eBroker Inc                      Richard and Karri Christensen

The 5 Steps To Buying A Home

Step # 1 Are You Ready?
One of the keys to making the home buying process easier and more understandable is planning. In doing so, you'll be able to anticipate requests from lenders and a host of other professionals.

Do You Know What You Want?
Whether you are a first-time homebuyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing timeframe?

Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals. As an interesting exercise, it can be worthwhile to look at the questions above and to then discuss them in detail when meeting with your agents Richard and Karri Christensen.

Do You Have The Money?
Homes and financing are closely intertwined. The good news is that over the years new and innovative loan programs have evolved which require less down payment. In fact, a number of programs now allow purchasers to buy real estate with little to nothing down.
In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with closing the loan). Several newly emerging loan programs not only allow the purchase of a home with no money down, but also underwrite closing costs.
Not everyone, however, elects to purchase with little or no money down. Less money down means higher monthly mortgage payments, so most homebuyers choose to buy with some cash up front.
As to closing costs, in markets where buyers have leverage, it may be possible to negotiate an offer for a home that requires the owner to pay some or all of your settlement expenses.  Your agents, Richard and Karri, will help you with this step.

Is Your Financial House in Order?
Those great loans with little or nothing down are not available to everyone: You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.  Your agents, Richard and Karri, can recommend an excellent lender that you can talk with and will answer all your financing questions.

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Step #5

 Yes...I want to buy a house.  Please contact me so we can start the process, and I can watch the FREE Buyer Video ( Step #6 )

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Step #2 Get Pre-Approved

"Pre-approval" means you have met with a loan officer, your credit files have been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre-approval letter, which shows your borrowing power.

Although not a final loan commitment, the pre-approval letter can be shown to the seller when you make an offer on their home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to owners since they do not want to accept an offer that is likely to fail because financing cannot be obtained.

How do you get pre-approval?
Real estate financing is available from numerous sources, Richard and Karri can recommend a lender, based on their experience and history with, offering competitive programs and delivering promised rates and terms.

The loan officer will carefully review your financial situation, including your credit report and other information. The lender will then suggest programs which most-closely meet your needs. Typically, first-time buyers opt for the traditional 30-year loan, with a fixed rate of interest over the life of the loan.


            Richard and Karri Christensen

                  Your Mobile Agents

                 Real Estate eBroker Inc

           BRE# 01994622 & #01333971


Step # 3 Your Agent

Remember, not all real estate agents, like your agents, Richard and Karri, are REALTORS®.  They subscribe to a Code of Conduct that assures proper training and conduct.  More than 2 million people in the United States have earned real estate licenses. However, real estate is a tough business with a steep dropout rate, and the result is that only a small percentage of those with licenses actively help buyers and sellers.

Richard and Karri will establish a proper business relationship, while explaining the options available. Richard and Karri work hard to provide you with an education that will help you to better understand the home buying process.

Richard and Karri will go over your options and negotiating issues that might apply to a given situation. Remember: Because market conditions can change and the strategies that apply in one negotiation may be inappropriate in another, this information should not be set in stone. During your time in the marketplace Richard and Karri will keep you updated and alert you to each step in the transaction process.

No aspect of the home buying process is more complex, personal or variable than bargaining between buyers and sellers. This is the point where the value of a “Certified Residential Specialist” (CRS), is clearly evident because of knowledge of the community, has seen numerous homes for sale, knows local values and has spent years negotiating realty transactions.  The CRS designation shows that your agent Karri has gone above the normal agent and has been specifically trained to represent the needs of the homebuyer.

Step #4 Finding a Property

A home is more than just a collection of bedrooms and bathrooms. Several properties -- each with four bedrooms, three baths, and the same price -- may well represent radically different designs, commuting distances, lot sizes, tax costs, interior dimensions, and exterior finishes.

It's important to consider your priorities. If you can't get a home at your price with all the features you want, then what features are most important? For instance, would you trade fewer bedrooms for a larger kitchen? A longer commute for a bigger lot and lower cost?

Lastly, consider your needs in several years. If you'll need a larger home, maybe now is the time to buy a bigger house rather than moving or expanding in the future, especially if you expect your income to increase.

All neighborhoods and communities have a special nature that gives them identity and value. One community may be well known for historic homes while another offers both suburban living as well as easy access to downtown office areas.

Some buyers like to search internet web sites looking at listings on the basis of location or price; others prefer to have Richard and Karri suggest properties; and many buyers prefer both approaches.  Richard and Karri offer an auto send directly from the local MLS (multiple listing service).  It is the most up-to-date information available.  

Regardless of your choice, it's important to target your search. By using basic measures such as general location and affordability, you can refine your search and focus on homes that offer the most desirable features.  Richard and Karri will assist you in all of this.

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