Why buy with Kevin?
Expert Advice and Guidance
Buying a home is a big decision not to be taken lightly and there can be many obstacles in the process. Kevin makes the buying process simple and seamless for his clients so that buying a home transforms from a daunting process to a cherished memory.
Kevin is always available 24/7 by call, text, and email. His clients love his immediate response time and unrivaled communication skills.
The Art of Negotiation
The negotiation is a delicate process which often requires finesse to get an offer accepted. Kevin is an expert at presenting his clients offer in the most professional and straightforward manner which is vital in multiple offer situations.
Off Market Properties
Although Los Angeles is a big city, the elite real estate community is not. Working with Kevin gives you access to exclusive properties that are not on the market.
HOME BUYER'S GUIDE
Step 1. Loan Pre-approval (Skip to Step 2 if you are an all cash buyer)
The first step is to contact a lender (mortgage broker or bank) to get pre-approved for a loan. Your loan officer will review your financials (income, debt, savings, credit score, etc.) to determine the amount that you can borrow. Based on this, we can figure out your budget for your home purchase. Your loan officer will issue you a pre-approval letter stating the loan amount you qualify for and you will need to submit this letter whenever you make an offer on a property. It is important to do this step first because you may find out that you qualify for more or less than you thought, and if you have any issues that may prevent you from qualifying, we can figure how we can fix these problems.
Step 2. Property Search
Once we have your budget, we can start your property search! I will send you any listings that fit your criteria and schedule appointments to show you any property you are interested in.
Step 3. Offers and Escrow
When we find the right property, we will submit an offer contract along with:
Statement or Screenshot of your bank account, investment account showing the down payment amount
Credit report showing FICO score (optional, but helpful!)
Some of the important terms of the offer contract to be aware of:
Escrow Period – This is the number of days from the date of acceptance that the closing date falls on. The escrow company is the third party company that is handling the transaction process for us.
Inspection Contingency Period – Once we have an accepted offer, we have a set amount of time to bring any inspectors, contractors, family members, etc. to come look at the house. If we find anything wrong with the house, we can request for the seller to repair it or provide a credit to repair it, or if we cannot come to an agreement on terms, we can back out without losing our deposit within the contingency period. The shorter our inspection period, the more attractive our offer is to a Seller.
Appraisal Contingency Period – If we are getting a loan, we have a set amount of time for our lender to send an appraiser to the property to appraise the value of the property. If the property appraises for lower than our contracted purchase price, you have the opportunity to renegotiate the price with the seller, or back out without losing our deposit if we cannot accept the appraised value.
Loan Contingency Period – If we are getting a loan, we have a set amount of time to get our final loan approved through our lender. This is why it is so important to get pre-approved and send all our documentation into our lender ahead of time. If for some reason, after further review of all of our documentation, we cannot qualify for the loan, we can back out without losing our deposit.
Step 4. Final Walk Through and Closing!
A few days before the closing date, we will do a final walk through of the property to make sure that the condition of the property has remained the same (although this is not a condition of the sale). Around the same time, you will wire your final closing funds to escrow and your lender will wire your loan amount to escrow. We may receive the closing confirmation anytime during business hours on the closing day, it just depends on how far back in line we are with the county recorder’s office. Once escrow has all of the funds, they will schedule recording of the grant deed with the county. Once we receive confirmation of closing from the county, you are officially the homeowner and can receive your keys!