If you want to avoid fraud, use a competent Realtor. Period.
In this country we have what's called "Buyer Beware" that means you are to do "DUE DILLIGENCE" prior to making a purchase. A lot of people get caught in scams due to being greedy, and others are just naive.
If you are unsure of what you're doing, then hire a proffesional, just like you hire a lawyer or a doctor or a home builder. Realtors are proffesionals that will help eliminate the guesswork.
Some people don't believe in Realtors--their perogative, it's a free country.
I believe you got plenty of good answers on the steps to take to buy a home. Now, take the next step and do it.
First, start with getting pre approved by a lender. This application process with ask you a series of questions and require that you provide a file of information. These steps will help you to organize your personal financial picture.
Second, sit down and create a list of features and amenities that you'd like in a home. Next to each feature, figure out if it is negotiable or not. For example, you'd like a dining room, do you have to have a dining room? Or you'd like a two car garage. You realize that you are not willing to give up on this feature.
Third, Visit OPen Houses in your area and see which homes you like.
Fourth call a real estate company and ask for a buyer's agent. Ask you firends and lenders for recommendations. As you partcipate more and more in the process you will become more educated and able to discern what is important to you. Good luck.
Your question gets asked so frequently by so many that I created a short video about this and you can find it at the link below.
Best of luck,
1. You need a Professional Agent to guide you every step of the way
2. You will need a Bank Approval-before you start looking- I can connect you with a Banker that is very good and he can provide an approval pretty quick.
3. Once you find a house-A real estate agent will write an offer with you and then connect you with a Home Inspectior if you choose to have a Home Inspection (which I recommend) The contract is continguent upon the Home Inspection. When you find a house I will pull up comps to make sure you are not over paying for the property. I will also connect you with a Real Estate Attorney to make sure everything is up to date with the property- meaning no judgements, liens etc... Please feel free to contact me anytime 391-5082
Good luck and happy home hunting!
Better Homes and Garden
I am local here in the South Bay and have excellent mortgage brokers I work with that also have down payment assistance programs in addition to all the other available loan programs.
Give me call if you would like more information
Monica Hernandez, REALTOR, SFR, CDPE
Bankers Realty Exclusive, Inc
22730 Hawthorne Blvd Suite 102
Torrance, CA 90505
CA DRE License #01239118
You should also contact a local mortgage lender and speak with them about getting pre-approved for a mortgage so that once you find a broker you feel comfortable with you're in a position to begin actively looking for a home.
I wish you all the best and happy home hunting.
Please look over my blog. I have written some stuff for first time buyers to help them understand the real estate market and requirements.
I would love to answer any questions your might have bout the real estate market.
Look forward to hearing from you.
Realtor, DRE# 01891274
Century 21 All Moves
I designed some material that I give to my buyers when I have a consultation with them. It explains the step by step of the buying process and what to expect throughout the process. Let me know if you think this can help.
Again, vip badges mean nothing regarding quality. It only means people have posted a lot. If I desired I could post enough in 3 days to have my vip3 badge show up again.
First you figure out how much you can spend a month. After that contact a lender to see what you qualify for.
Then make sure buying makes more economic sense than renting would
Then consider some hidden advantages renting gives you.
This will give the basic house buying process from beginning to end.
This shows tings to do if you will be a year or more before you can finally afford to buy a house.
I hope those helped you.
What you really need is an excellent buyer agent to help you. Some reators specialize in first time buyers so try to find one in your area that does. This site is a good place to start you can read the profiles and then call the agents for an interview.
Have a great day,
Heather Paul, Realtor
I created a short video that walks you through the first steps. You can find it at the link below.
2) Search on and offline for a respected real estate agent. Finding an honest agent will help "fraud" all the way through the process because they can connect you with other respected agencies - for instance a Mortgage Broker.
3) Meet with a highly recommended Mortgage Broker regarding your financial position. Going with your bank (Wells Fargo, BofA) isn't always the best idea. Your Mortgage Broker will help you get pre-approved for a home loan.
4) "Pre-approval" is your first major accomplishment. This gives you the power to place good offers on the homes you're interested in.
5) Prepare for an Earnest Money Deposit. Earnest Money is cash given by the buyer (You) to the seller when you place an offer. You will either get this money back or, if you break the contract, you will forfeit the money to the seller. To learn more about this go to my blog.
6) Search Search Search using your agent and online search engines. I recommend Zillow and Realtor.com.
7) Discuss ways in which you can place strong offers on the homes you're interest in with your agent.
These steps should put you in a strong position to acquire a great home. Best of luck!
You could either call one of us to personally help or try a non-profit organization like
Under that you can search for VIP's by entering COMPTON, CA and SEASRCH.
You can see all the Trulia - VIP's in Compton: You can see their picture, read their PROFILE and their RECOMENDATIONS.
That us your start.
Good luck and may God bless
Search websites like Trulia or ReMax.com and download the FREE buyers guide available from each. This of course is a 'global' document but will get you familiar with the terminology and the sequence.
Its a great time now to contact a real estate professional in Compton Ca. They are not difficult to find. :)
Your real estate professional can review with you the common practices in your area and the types of properties available and the ones most suitable for your current objectives.
Eventually you will need to address the money issue. Often the financing options will limit the kind of property you can purchase.
As much as you want to avoid it, you will actually have to reach out and touch someone. Otherwise, no one has a vested interest in your needs.
Best of success in finding your new home.
West Los Angeles Realty