Buying or selling a home? REALiTEAM Real Estate Group can help.
For many people, buying a home can be stressful. However, with a little up-front planning, it isn't that confusing.
So you'll understand exactly what to expect, we like to furnish our buyers with a road map of the entire deal.
Here are our nine steps to buying a home.
If you have any questions about any of this information or if you're ready to get started, you can contact us here or send e-mail to info@realit
Step 1 – Get ready to buy a home
Before you start looking for a home, there are many things you'll want to do.
When you begin your search, you'll want to assemble a list of must-haves, plan for what neighborhoods you'd like to live in, and start planning your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than or around 1/3 of your net monthly income.
Step 2 – Get in touch with a real estate agent in Milwaukee
That's where we come in.
We'd like to plan a time to meet with you and speak with you about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Milwaukee area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
We can also help you start the loan process.
There are some great mortgage professionals in Milwaukee, and we partner with a lot of them, so you can rest assured that you're in great hands.
They will help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking
After our initial meeting, we'll begin looking for homes on the market that are great for you.
We'll preview many of the homes and ignore the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.
As we view the homes, we'll show you the positive features, as well as bad ones. we'll even ask you what things you like and don't like.
It's pretty common for buyers to revise their list of must-haves as we view houses and some features become far more important than others.
If that's the situation, we'll look through all the listings once more and trim it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
Our awareness of the Milwaukee housing market is a valuable advantage in your house search. We are informed of all the neighborhoods and school districts, and we can let you know certain neighborhoods are "hot" and require immediate action and the ones that are "cool" and allow for careful consideration.
When we tour homes, we'll let you know if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Every REALTOR® will convince you they truly know the housing market, but be on guard, and make sure you ask plenty of questions.
If it seems like they don't know everything, contact us at 414-727-8280 or e-mail us at firstname.lastname@example.org, and we'll be glad to answer your questions. Our understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
We're confident we'll find your dream home in the Milwaukee area. When we do, we'll precisely create your home purchase offer. The offer will be tailored exactly to your needs, including some contingencies, such as obtaining financing, completing the inspection, and a clear title.
When turning in your purchase offer, you'll want to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's often applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer. It's really common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing constraints. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Get your loan
After we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, it shouldn't take very long at all, but you'll want to keep in close contact with your mortgage lender.
And we'll care for all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount, and RESPA requirements require that it has to include all closing costs and be within a close range of accuracy. we'll review the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will likely take place at a title company or escrow office and is often a smooth and hassle-free occasion.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything, simply contact us at 414-727-8280 or send us an e-mail.