Murrieta Real Estate Murrieta Real Estate and the Home Buying Experience. Back to Communities - Murrieta Homes

Buying a new home is a big decision and something that should be planned and discussed with a real estate professional. Here are some things to consider before the purchase your new home. Remember, whether you’re buying your new home in Murrieta or anywhere else in the United States these are important issues to consider and discuss with a Real Estate Professional.

Deciding to buy your home:

Making a decision to buy a home is a big decision. Consider the length of time you will live in your new home and ask yourself if you can afford it. Typically, your payment shouldn’t be any higher than 1/3 of your total monthly take-home pay.

Talk to a Professional:

Meet with your real estate agent and discuss the reasons for buying a home and your plans for the future. Discuss Murrieta neighborhoods, Murrieta Schools and the economic factors that could affect the value of your Murrieta Real Estate . In addition, you need to get pre-qualified for a mortgage loan. Being pre-qualified will expedite the home buying process and give you a realistic expectation of what type of Murrieta Home you can afford.

Home Shopping:

After you have met with your agent, the search will begin for the Murrieta home that fits your budget. Your agent will schedule appointments to view the homes at a time that is convenient for you. During the search your agent will help and guide you to a decision that will meet your needs. You can tell your agent what you do or don't like about your Murrieta Real Estate to further refine your search.

The Murrieta Real Estate Market:

Your agent's knowledge of the Riverside County and Murrieta Real Estate market are essential factors in the search of your new Murrieta home. All real estate markets fluctuate, and your agent should be “in-tune” with the current market pricing and availability. With this information close at hand, your agent will let you know if the prices are too high, or, if there is a great bargain to had somewhere in the community.

You’re Murrieta Home:

When you find the Murrieta Home of your choice, your agent will assist you by putting together a purchase offer, financing, a home inspection, and much more. You will make an “offer” to the seller, and if accepted, you will make a deposit to the seller of the home to secure an offer to buy the new home. Typically your deposit will be used for closing costs and is held for one or two months after the offer date.

Negotiation:

After an offer is made on your new Murrieta home, it is not uncommon to receive a counter-offer from the seller. Your agent will talk with your about the counter offer and you will make the decision on whether to accept it, reject it, or submit a counter offer of your own. Market conditions will determine how you negotiate and your agent will guide you throughout the negotiation process.

Financing:

During closing, your agent will work with the mortgage lender to obtain financing and close the loan. Since your loan was pre-qualified before you started this venture, the financing process should move quickly, and your agent will obtain the home information that your lender will need to close the loan.

Closing:

You will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to your lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. Your agent will review your estimate, answer questions, and highlighting missing costs and estimates.

Moving

You are moving into your new Murrieta home! Enjoy this exciting time. Your agent will give you a checklist to help you remember the numerous details that will make your moving day a pleasure.

If you need any information on Murrieta Real Estate or Property please check our Murrieta Homes section on this website or contact us at any time.