We Look Forward
to Helping You
Sell Your Home

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75 Malaga Cove Plaza Suite 1

Palos Verdes Estates, CA 90274

STEVE DAY

310.529.6456

Steve@SteveTheDay.com

BROKER BRE 01200586

KENDRA DAY

310.872.4079

KDay209@gmail.com

REALTOR BRE 01353441

Are you BUYING A home?

BUYING BENEFITS

As South Bay real estate agents and locals with thorough knowledge of each specific neighborhood’s unique characteristics, we can guide you on realistic expectations based on the purchase price most comfortable for you. 

 

Although finding your home is a priority, the #1 reason to work with us is our expertise, experience, and powerful negotiation skills. 

What to expect when buying a home

Our scheduled showing is canceled at the last minute for some reason.

The pictures on the MLS far surpass the reality of the property.

 

A home appears on Zillow, Redfin or non-MLS websites as active but it is already sold.

An estimated value appears on Zillow and we do not agree with the “zestimate.”

You will negotiate 2-5 times on the transaction.

You will become annoyed with the frequent and last-minute paperwork with seemingly impossible deadlines.

The dates on the contract will change, possibly multiple times.

You will become anxious and nervous.

You will think you paid too much.

You will think you paid too much.

You will think you paid too much.

THINGS YOU ABSOLUTELY SHOULD NOT DO

Don’t quit your job.

Don’t change your job.

Don’t hide anything from your lender.

Don’t buy large ticket items.

Don’t open a credit card.

Don’t talk to sellers directly.

Don’t delay doing requested paperwork.

Don’t wait to find the absolute PERFECT HOUSE.

THINGS THAT ARE IMPORTANT TO DO

Tell us what is MOST important to you.

Be prepared to act fast if you find a home you like.

Make ALL deposits traceable. If you need to transfer money, consult with your lender to determine the best way.

Be COMPLETELY HONEST with your lender and include any information about child support, alimony, wage garnishments or payroll deductions.

80/10/10 Rule

If you find a house that has 80% of what you are looking for, 10% of things you can change and 10% of things you can live with, IT’S A KEEPER!

STEPS TO BUYING

Consultation with Steve and Kendra Day

Speak with a lender to become: a. Pre-Qualified or b. Pre- Approved

Once you have received Lender Qualification, it is time to start looking

Customized search is created

Call or text us when you see a property you are interested in viewing

View desired properties

Make an offer, negotiate, and both parties accept the terms of the contract

Offer accepted

Wire or take earnest money deposit to escrow within 3 days of accepted contract. The amount is typically 3% of purchase price

Schedule necessary inspections and/or reports

Appraisal Scheduled: Buyer pays the appraisal fee

Submit request for credit or repairs (negotiable

Remove Physical Inspection Contingency (standard is 17 days from accepted offer but can be negotiated in original contract)

Remove Appraisal Contingency (standard is 21 days from accepted offer but can be negotiated in original contract)

Remove Loan Contingency (standard is 21 days from accepted offer but can be negotiated in original contract)

Obtain lender-required paperwork for closing

Receive and sign final closing documents from Lender

THIS MUST BE RECEIVED 72 HOURS PRIOR TO CLOSING

Final walk-through inspections

(scheduled within 5 days before close of escrow)

Call utility companies to have utilities transferred on the date of closing

Record the loan and close one day following funding

You are a homeowner

Considerations and Costs associated with buying

PRIce

PHYSICAL INSPECTION CONTINGENCIES

EXTRA ITEMS

TERMITE & WOOD INSPECTION

DOWN PAYMENT

APPRAISAL & LOAN CONTINGENCY

LENDERS FEES

ADDITIONAL INSPECTIONS

Escrow

INSPECTIONS

PHYSICAL INSPECTION

OTHER NEGOTIABLE ITEMS