Let Realiteam Real Estate Group help you with purchasing a new home in Greenfield
For many people, purchasing a home can be a stressful event. However, with some up-front planning, it's not too difficult.
So they know exactly what to expect, I will give buyers an overview of the entire deal.
Below are my nine steps to purchasing a home.
Should you have questions regarding this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
Prior to starting your home search, there are many things you'll want to do.
You'll most likely want to assemble a checklist of features you want, get an idea of what neighborhoods and school districts you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good rule of thumb to go by.
Step 2 – Get in touch with a real estate agent in Greenfield
This is where I can help.
We'll book a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Greenfield area.
In addition, I'll help you start the loan process.
There are some very good mortgage professionals in Greenfield, and I partner with a lot of them, so you'll be in great hands.
They'll assist you with figuring out which type of loan is best for you and help you get qualified.
Step 3 – Begin looking
After we meet, I'll begin finding homes on the market that are great for you.
I'll get a sneak peek of many of the houses and eliminate the bad ones, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we tour the homes, I'll show you the good features and negative ones. I'll even ask you what things you like and dislike.
Frequently, buyers update their wish list as we tour homes and some features become more crucial than others.
If that happens, I'll search the listings once more and trim it down to the home you've been wishing for.
Step 4 – Comprehend the market
Your agent's knowledge of the Greenfield home market is a fundamental factor in your home search. And I assure you I'm conscious of all the neighborhoods and schools, and I'll alert you to some neighborhoods are "hot" and require prompt action and others that are "cool" and allow for thoughtful examination.
When we view homes, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I think the home is "priced to sell."
Every REALTOR will convince you they truly know the home market, but take note, and be sure to ask your agent lots of questions.
If things don't add up, just call me at 4147278280 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market expertise will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the home you've been looking for
We'll find your dream house in Greenfield, and when that happens, I'll precisely develop your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.
When we submit your offer, you'll probably need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property. The amount is most often applied to the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the first offer – it's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Secure your loan
After the deal is signed, you'll start working with your mortgage lender to close the loan.
If you've been pre-qualified, this won't take very long at all, but you'll need to stay in close contact with your lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your loan application.
The estimate rests on the loan amount. RESPA requirements require that it has to involve all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This will most likely happen at a title company or escrow office and will likely be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at 4147278280 or e-mail me at .