BUY A HOME

Goals

The first place we like to start is discussing your goals. Some common goals may include:

• You want to purchase a home for your family.
• You want to assist your son or daughter in purchasing their first home.
• You want to purchase income property for your retirement.
• You want to purchase a commercial building for your business.
• You would like to learn about first-time buyers’ loans.

Identifying your goals is vital to your success in achieving your goals.

As your trusted real estate advisor, Designer Properties will work closely with our preferred team of mortgage brokers, title and escrow companies, home inspectors, and home warranty companies to help you achieve your goals.

Budget

Once your goals have been identified, the next step will be to discuss your budget. This will include important items such as:

• Your minimum and/or maximum purchase price.
• If you plan to do an all-cash purchase or require financing.
• If you require financing, what is the maximum monthly mortgage payment that you are comfortable with?
• If your purchase is contingent upon the sale or refinance of another property, how much equity you anticipate receiving from this property.

Are you curious about what’s happening in your neighborhood? You can create a custom market report to see properties that are actively for sale, under contract, and sold in your neighborhood.

Are you considering selling or refinancing your home? Get an INSTANT property valuation now!

In-House Financing

Our in-house financing specialists have a loan program for every borrower. Check out these loan programs:

• Stated Income Verified Asset Loans
• Bank Statement Loans
• No Income Documentation Loans
• No Employment Verification Loans
• No Income No Asset Investor Loans
• Super Jumbo Loans
• Foreign National Loans
• Construction Loans
• Multifamily Apartment Loans
• Commercial Loans
• SBA Loans
• And Many More…

To schedule a FREE no-obligation mortgage consultation, click here.

Loan Pre-Approval

Once your financing options are fully understood, the next step will be to obtain loan pre-approval. Most sellers and their agents will require that we provide a loan pre-approval letter with any purchase offer that we make.

During the loan pre-approval process, our in-house financing specialists will analyze your credit, income, assets, and employment and will then make recommendations as to the best-fit loan program for your unique circumstances. You will also be provided with a written cost estimate indicating the interest rate, loan fees, and monthly payment.

As an added bonus, if you use our in-house financing specialists to finance your real estate purchase with Designer Properties, we will provide you with a FREE appraisal and a FREE home warranty. FREE is good!

To schedule an appointment to obtain loan pre-approval, click here.

Property Search

Now that we have our budget and loan pre-approval, it is time to identify the specific details regarding the property you intend to purchase. Whether you're looking for homes for sale in Los Angeles, you're interested in La Jolla real estate, or you would like to purchase anywhere else in California, Designer Properties is here to help you locate your dream home! 

For home purchases, details to consider may include the community, number of bedrooms and bathrooms, number of stories, lot size, amenities, or the school district.

For income properties, this may include details such as the property type, location, and capitalization rate.

For owner-user commercial properties, you will want to consider the location, square footage, amenities, and zoning, among other points.

Negotiations

Once a property has been identified that meets your specific criteria, it is time to begin negotiations.

The first step in the negotiation process is for Designer Properties to contact the listing agent to ascertain important details about the property including the seller’s motivation for selling, timetable, as well as flexibility on price, terms, and concessions. We will also inquire if there are competing offers.

Armed with this valuable information, we will be in a much better position to provide helpful guidance to you in advance of preparing your offer to purchase. Once your offer has been presented, we will aggressively pursue the seller in order to obtain their acceptance.

Closing

Once your offer to purchase has been accepted, it’s time for our team of professionals to get to work to ensure a successful and timely closing.

For residential properties this may include:

• Submitting your mortgage application.
• Ordering an appraisal.
• Ordering a property inspection.
• Ordering a home warranty.
• Ordering a natural hazards disclosure report.
• Receiving and reviewing seller disclosures.
• Conducting a final walk-through prior to close of escrow.
• Providing you with the keys to your new home.

For income and/or commercial properties, this may also include:

• Receiving and reviewing financial statements.
• Ordering and reviewing a Phase 1 Environmental Report.

Our role as your trusted advisor is to ensure that all material facts concerning the property are known, and to ensure that the transaction closes on time.