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These are some of the people you may meet during your home purchase. Watch the video to find out how they fit into the big picture.
Learn About the Home Buying Process
Questions About Home Buying?
Residential Purchase Agreement (RPA) that's how you make an offer. Your Realtor will fill it out for you.
Earnest Money Deposit also referred to as "EMD".
Contingencies are the conditions that your offer is based on but your lender will use the term conditions differently.
A Home Warranty which is often paid for by the Seller is different than your Home Owner's Insurance.
Unless you are buying a Condo or Townhome in which case there may be a Master Policy on the Building.
But you may still be required to buy HO6 Insurance.
Here's some jargon you will hear when you are a Home Buyer. Sometimes these words and phrases have a different meaning when used in Real Estate than in "Real Life".
Title Insurance insures that after the close of Escrow there will not be any liens on your new home from previous owners.
Appraisal is the value placed on the property you are buying by an independent 3rd party. The appraisal is different than the General Home Inspection.
Some Cities have Building Reports stating the size of the property and what Permits have been pulled over the years.
Retrofits are required in some Cities for low flow toilets and Seismic Shut Off.
Smoke and CO2 Detectors are required by law as is water heater strapping unless your water heater is tankless.
If all goes well at your General Home Inspection you won't need further investigations for
But even if you are advised to get follow up inspections, that is common and nothing to worry about. At least not yet.
Your Agent my submit a "Request for Repair". The Seller can agree to your request, lower the price or just say no.
You have found the home you want to buy and you are ready to make an offer.
Your Agent will prepare the RPA, the Residential Purchase Agreement. This is a standard offer form prepared by the California Association of Realtors and used in over 90% of the transactions to purchase residential Real Estate in CA.
Your Agent will ask you for a "pre-approval" letter from a lender showing that you can get the loan and "POF" meaning your Proof of Funds to close. In other words, show the seller the money.
Your offer may be accepted, countered or rejected. If your initial offer or counter offer is accepted Escrow will be opened and inspections will be scheduled.
You Found Your Dream Home
Now What Happens?
While you are busy doing inspections the lender is ordering an Appraisal and most likely asking you for additional information even though you were "pre-approved".
You will also receive a package of documents from Escrow containing items such as a Preliminary Title Report, Escrow Instructions and some totally confusing paperwork such as the "PCOR" The Preliminary Change of Ownership Report.
And then everyone will start asking how you want to hold Title.
It can become overwhelming but a good real Estate Agent can help you along the way.
Your home is the biggest purchase of your life...
Don't you owe it to yourself to be represented by someone who knows the ropes who can Guide and Advise You?
When I am your agent, you will understand the entire buying process from making an offer up until you get the keys to your new home because I will be with you at every step along the way from offer to close. I'm available 7 days a week via text, email, or phone and you always deal with me directly, not an assistant or buyer's agent.
I can also make recommendations to the best inspectors, contractors, lenders and virtually everyone else you will need to work with in the process. And chances are that any problems that come up, I've seen them before and have a solution. Experience counts.
In California, the Seller pays ALL the commissions for the Buyer's Agent so you get the benefit of my years of experience at no cost.
Use the contact form to sign up.
firstname.lastname@example.org 310 975 5139
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"Ellis was a true partner in helping us find and buy our house. He would quickly respond with his opinions of every potential house that we thought might work for us, giving advice on the pros and cons of the properties and neighborhood. He would use his network to investigate the properties. And he went above and beyond when we decided to make an offer on a house right before we went on vacation - from helping us with the offer, even pushing loan officers to help make our offer stronger to the seller. We also really appreciated that he kept us informed on the process every step of the way, especially while we were on vacation when our offer was accepted and we needed to get everything together for the initial escrow period." Andrew & Shirley
"Ellis is more than a real estate agent - as a first time homebuyer and a new LA transplant, I had my trepidations about the residential home buying process and making sure I picked the right neighborhood to buy. Ellis went over and beyond before, during, and even after the home buying process. He was patient and always responded to my emails and calls immediately with a thorough and helpful answer. Ellis was genuinely interested in ensuring I found a place I loved - he never rushed us during the process and gave honest feedback about each property. He was always with us at every appointment and showing so he could assess our reaction to the properties. Even though we are lawyers ourselves, we knew we could trust Ellis with negotiating and being our point person with the seller's agent, and he always managed to deliver the results we wanted. Even after we closed, Ellis is still continuing to follow up to make sure everything went smoothly, because he genuinely cares about his clients and whether they are happy. If I could give Ellis more stars, I would - he is simply the best." Jasmine & John
"Ellis is a true real estate professional. He thoroughly knows his markets and goes far beyond the "typical agent" to provide a complete picture of the general area and neighborhood in terms of price, quality and specifics of homes. He provides "color" regarding the town that provides an understanding of potential trends. Ellis helped us buy our home and when we needed to sell 2 1/2 years later, we sought out Ellis to represent us again. We didn't consider using anyone else. Most importantly, Ellis works to fully engage his clients to understand their needs and desires. And finally, Ellis is an individual we trust completely. He is good to his word, distinguishes between his opinion and facts and delivers on his commitments. Please consider working with Ellis to address your real estate needs." Mike & Teresa
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