Buying or selling a home in Greenfield? Realiteam Real Estate Group can help.
Buying a home is intimidating for many people. However, with a little planning ahead of time, it's not that confusing.
I like to give buyers an overview of the whole deal so they'll understand exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have regarding this information.
Step 1 – Prepare to buy a home
There are plenty of things you'll want to do prior to starting your home search.
It's likely that you'll want to assemble an outline of items you want to have, get a plan of what school districts you want to live in, and start planning around your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than 30 percent of your monthly income.
Step 2 – Talk to a real estate agent in Greenfield
This is where Realiteam Real Estate Group comes in.
I'd be more than happy to schedule a time to meet with you and talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Greenfield area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.
I'll also help you start the loan process.
I work with some of Greenfield's finest mortgage professionals, so you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
After our first meeting, I'll start looking for available homes on the market that are good for you.
I'll research most of the homes and eliminate the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.
When we tour houses, I'll identify good features, as well as bad ones. I'll even ask you about things you like and dislike.
Usually, buyers amend their wish list as we view houses and some things become far more important than others.
If that's the situation, I'll go back through all the listings one more time and trim it down to the house of your dreams.
Step 4 – Know the market
An agent's understanding of the Greenfield home market is an imperative factor in your home search. And I assure you I'm familiar with all the schools and neighborhoods, and I can alert you to what neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for cautiousness.
When we view homes, I'll make sure to communicate when the list price has room for bargaining and also when I think the home is "priced to sell."
Be mindful and be sure to ask a lot of questions, as any real estate agent will convince you they understand the housing market.
If it appears they don't know everything, contact me at 4147278280 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market knowledge will keep you a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
We'll find the house of your dreams in the Greenfield area, and when that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as acquiring financing, carrying out the inspection, and a clean title.
Upon sending in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property. The amount is usually put towards the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the first offer – it's really common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
In addition, we'll work within your budget. And when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Obtain financing
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 be a long process at all, but you need to keep in close contact with your mortgage lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your loan application.
This estimate depends on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks okay.
Then it's time to close on your house. This should occur at a title company or escrow office and should be a smooth and calm occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you contact me at 4147278280 or e-mail me at .