Buying or selling a home in San Pedro? Bloch & Hoskins Real Estate can help.

Buying a home can be stressful for many people, but it's not all that confusing with some up-front planning. So they know exactly what to expect, I'll give buyers a road map of the entire deal. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have about this information.

Step 1 – Prepare to purchase a home
There are a lot of things you'll want to do before you start looking for a home. When you begin your search, you'll probably want to assemble an outline of features you want, get an idea of what school districts you want to live in, and start planning around your budget. A good rule of thumb to follow is that your mortgage payment should be less than or around 30 percent of your monthly income.

Step 2 – Talk to a real estate agent in San Pedro
This is where I come in. I'd be more than happy to arrange a time to get together with you and communicate with you regarding your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, school districts in the San Pedro area, the mortgage and housing industries, and any other economic factors that might affect your buying decision today or in the future.

I'll also help you begin the loan process. Bloch & Hoskins Real Estate partners with some of the best mortgage professionals in San Pedro, so you can rest assured that you're in great hands. They'll help you choose which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin house-hunting
After our first meeting, I'll begin finding available homes on the market that are a great fit for you. I'll research most of the homes and remove the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.

When we tour homes, I'll point out positive features and negative ones. And I'll ask you to point out what things you like and don't like. As a rule, buyers amend their list of must-haves as we tour houses and some items become far more necessary than others. If that's the case, I'll go back through the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Get a grasp of the housing market
My awareness of the San Pedro market is an imperative aspect in your house search. I am conscious of all the neighborhoods and school districts, and I'll let you know which neighborhoods are "hot" and require prompt action and some that are "cool" and allow for thoughtful analysis.

When we tour homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell." Every REALTOR will claim to know the home market, but keep an eye out, and be sure to ask a lot of questions. If things don't add up, call me at (310) 519-3899 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will keep you a step above the rest throughout the entire process.

Step 5 – Find the home of your dreams
I'm sure we'll find the house of your dreams in the San Pedro area. When that happens, I'll thoroughly create your home purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are obtaining financing, finishing the inspection, and a clean title.

When sending in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property. The amount is usually put towards the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer, and it's really common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your budget. And when it's all said and done, we'll formulate a contract that works well for you.

Step 7 – Obtain a loan
Once the contract is signed, you'll start working with your lender to close the loan. It shouldn't take very long at all if you're pre-approved, but you'll need to stay in close contact with your lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your loan application. The estimate rests on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a strict range of accuracy. I'll review the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will probably take place at a title company or escrow office and will most often be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you contact me at (310) 519-3899 or e-mail me at .