Teresa Hames REALTOR(r) for Topanga Canyon, Malibu and Pacific Palisades, California real estate, Ocean View, Canyon view, Country living, Luxury Estates, Horse ranches, Equestrian Property
Teresa Hames Realtor, Topanga, Malibu, Pacific Palisades, Real Estate, GRI, e-PRO, Prudential Malibu Realty, Malibu Association of Realtors


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  • 10 Steps to Prepare for Homeownership

    1. Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.

    2. Develop a wish list of what you'd like your home to have. Then prioritize the features on your list.

    3. Select three or four neighborhoods you'd like to live in. Consider items such as schools, recreational facilities, area expansion plans, and safety.

    4. Determine if you have enough saved to cover your downpayment and closing costs. Closing costs, including taxes, attorney's fee, and transfer fees average between 2 percent and 7 percent of the home price.

    5. Get your credit in order. Obtain a copy of your credit report.

    6. Determine how large a mortgage you can qualify for. Also explore different loans options and decide what's best for you.

    7. Organize all the documentation a lender will need to preapprove you for a loan.

    8. Do research to determine if you qualify for any special mortgage or downpayment-assistance programs.

    9. Calculate the costs of homeownership, including property taxes, insurance, maintenance, and association fees, if applicable.

    10. Find an experienced REALTOR who can help you through the process.

    Teresa Hames, topanga canyon real estate, malibu, california real estate, horse properties, equestrian estates, ocean views, country living

    Copyright 2005-2016 Teresa Hames DRE Lic. # 01444436 - Topanga and Malibu Real Estate Agent
    REALTOR serving Topanga, CA 90290, Malibu, CA 90265, Santa Monica, CA, and beyond!