What To Expect

You’ve decided to call San Diego home. What are the next steps in owning a piece of this cities fine real estate you ask…We will explain it to you all in are few short steps.

The thing that most buyers here in San Diego may not know is getting pre-approved. Talking to lender before you start the rest of the process will save you time and possible heartache. Finding out what amount you are pre-approved for is the best step to take.

After you have gone through the pre-approval process and just to clarify the process is actually just bringing in paperwork to a lender and it usually takes about 30 minutes. As I was saying, after the process is over then it is time to start looking at homes. First you need to find a great San Diego Realtor. After you have done that and told them about your wants and needs in a home, then it is time to start looking at homes. Most realtors will set you up on a search first then will email you available properties from the local San Diego MLS (Multiple Listing System) this way you can see all available properties that meet your criteria. This way we will know likes and dislikes. Once you have gotten the areas and the homes picked out that you like and the area that you would like to be in its time to go and view properties. This is the fun part. Usually you want to set a time aside perhaps a day when you have time to look at a lot of property that way you aren’t trying to find time during your busy work schedule to go and view them.

So now you have found your San Diego dream home. The next step is writing up an offer. Your realtor will likely meet with you and discuss price, items in the home (perhaps the seller have left out the washer/dryer), and certain fees like who pays for termite etc.

The seller has excepted your offer and you have opened escrow. There are a lot of things that still have to happen though. First is the deposit check, it usually is due 72 hours after acceptance and is sent or wired to escrow. Also from the start of escrow here in California you have a 17 day contingency period, basically a free looking period, this is the time when you get inspections, your loan together, look at the termite report and ultimately decide if this home is in the best condition that you would like to pay for. If before the 17 days are up and you decide to walk from the property you can without reason and you will receive your deposit back. If you decide to walk from the property after the 17 day contingency period you may be in jeopardy of losing your deposit.

After you have had your 17 day contingency period and you remove all contingencies, you are one step closer to becoming a San Diego homeowner. Once you have closed escrow usually about 30 days here in California is a normal escrow period and you have signed all necessary escrow paperwork and title has recorded. You are now a home owner.

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