Southern Cal Home Buying Video ~ Offer Accepted Now What's Next?

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

If you're a Southern California home buyer you may be asking yourself  "now that we've had our offer accepted, what happens next?"

That' a question I'm asked a lot when it comes to home buying in Orange Co. CA or anywhere in So Cal. First, congratulations and here's an idea from my perspective of what you can expect next:

1. Escrow is opened with a third-party neutral entity that works on behalf of both the buyer and seller.

2. Your deposit is normally placed into escrow based on the terms in the CA Residential Purchase Agreement within 3 business days of acceptance of offer.

3. Your lender will order the property appraisal early in your transaction.

4. Schedule the home/property physical inspection with an inspector of your choice, and note this is different from the property appraisal.

5. Request and review the seller's property disclosures. In CA we have a wide variety of property disclosures, some are mandated by state or federal requirements while others are contractual commitments based on your purchase agreement.

  • Remember if you're using the CA Residential Purchase Agreement, it's the foundation of your transaction and when in doubt refer back to your contract.

If you're buying a home in So Cal or anywhere around, you might find these real estate videos helpful when it comes to Understanding the Real Estate Contract, Home Buyer 101 & Property Disclosures,buyer rights & duties, or maybe you want info on Home Buying Property InspectioPreferred Home Brokers Orange County Real Estatens. Find out what it's like to work with a CRS = A Certified Residential Specialist and learn more about the Buyer's Final Walk Though.

Buying or selling a short sale property, you will want to take a quick look at the Short Sale Waiting Game, or Short Sale Vocabulary Video for an Upside Down Market or Short Sale Help for Sellers in CA.

So when you're looking for knowledgable, competent real estate help, contact me Lynda@PreferredHomeBrokers.com, Direct or Text (714) 595-1494. Or you can speak with any of the Preferred Realtors (714) 990-6060,

Prefered Home Brokers has a long-term track record for representing home buyers and home sellers in Southern California, we've been around under the same broker/ownership for more than 35 years! CA Broker's License #00402040.

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Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lynda

This is a great source of information for buyers as part of the educational process. But it is also a terrific example of a blog using video to highlight the points made in the article.

Jeff

Apr 29, 2011 05:39 AM #1
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1,543,388
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Lynda, I am suggesting this post to be featured. It is superb content that any buyer would benefit from hearing and will certainly give others a model for how to make a presentation like this. Superb!  You have this video (vlog) really down. I made that word up but it sounds good, :-)

Apr 29, 2011 05:52 AM #2
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Jeff & William~ Thanks for the visit & comments. I've tried to create a "virtual transaction" so to speak, meaning I've taken different segments of a transaction & converted them to bite-size peices. I use them as a follow up with my clients during the home buying/selling process.

Also, I've found a benefit of videos is that people can get a better idea of the real you vs. just a photo on your business card. To date, the responses have been very positive & productive.

Apr 29, 2011 07:29 AM #3
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Craig Daniels
Tech Training for You! - Staten Island, NY
Technology Instructor/Project Consultant

another excellent video from Lynda!! :)
vbloggers group is glad you are sharing your video works
I think you should be posting these information videos to your local area page too!

Apr 29, 2011 08:44 AM #4
Rainer
136,524
Deborah Nance
Orange County, Corona, Riverside, Los Angeles - Corona, CA
Southern California , Reverse Mortgage Specialist

Excellent Blog and video Lynda!  I'm goint to link one of my older posts on how to choose an escrow company to it! You come across so well on camera.  Great presence!

Apr 29, 2011 11:04 AM #5
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hey Craig ~ Thanks for the heads up on the local page. 

Deborah ~ Tnx 4 the link, I'll checkout your post. 

 

Apr 29, 2011 11:49 AM #6
Rainmaker
507,232
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Lynda, exceptional work! I, too, am impressed with your on camera presence. Great resource for home buyers.

Cal

Apr 29, 2011 01:24 PM #7
Rainmaker
1,081,660
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Lynda you are doing a great job with your tutorials. I hope your Spring is going well.

Apr 30, 2011 12:43 AM #8
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hey Cal ~ Thank you, I'm having fun with them.

Bill ~ Many thanks my friend.

May 02, 2011 04:36 PM #9
Rainmaker
763,488
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Just an awesome job Lynda. Not only clear, quality content but just a beautiful delivery.

Folks, most real estate agents do not know their stuff well enough to speak this way with confidence. If I were you I would call Lynda ....just cruise the internet looking for a video like this. Good luck finding one.

May 04, 2011 04:54 AM #10
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Well John ~ How nice, thanks for the kind words!

May 04, 2011 12:41 PM #11
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Lynda you produce such informative videos for the consumer.  I hope one of these days I can get this good.  You inspire me.

May 10, 2011 03:50 PM #12
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Lynda, these are great videos.  The information is accurate, of course, but I think consumers like the video that reiterates it.  Bookmarked.  Thanks. 

May 14, 2011 03:37 PM #13
Rainmaker
926,706
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Lynda, I think that the Sellers Disclosures along with inspection report are crucial.  Thanks.

May 17, 2011 06:54 AM #14
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Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Lynda--Your order is slightly different than ours here in Indiana.  The buyers review the seller's disclosure before signing the purchase agreement.  Earnest money deposited within 48 hours.  Appraisal not usually order until after the in spection has been worked out.  Real estate is local?

May 17, 2011 05:04 PM #15
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Jennifer ~ Thanks for the kind words.

Suzanne ~ You know as often as we explain something it never hurts to hear it again. I use these during a buyer/seller transaction.

Ron ~ Thanks.

Pat ~ I found your comments and procedure very interesting and you are so RIGHT aabout r.e. being local!

May 18, 2011 01:42 PM #16
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Lynda Eisenmann

Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co
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