Contemplating purchasing a new home in Greenfield? Realiteam Real Estate Group can help.
With some up-front planning, buying a home isn't that complex, but the event intimidates many people.
So they'll understand exactly what to expect, I'll give buyers a road map of the whole deal.
Below 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 glad to address any questions you have about this information.
Step 1 – Prepare to purchase a home
Before you begin looking for a home, there are plenty of things you need to contemplate.
You'll probably want to form an index of must-have features, get a plan of what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good guideline to go by is that your mortgage payment should be a third of your net monthly income.
Step 2 – Communicate with a real estate agent
That's where I can help.
I'd be more than happy 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 future plans.
We'll discuss everything from neighborhoods, schools in the Greenfield area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
I can also help you begin the loan process.
There are some great mortgage professionals in Greenfield, and I work with a lot of them, so you can rest assured that you're in great hands.
They can help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin house hunting
After our first meeting, I'll start finding homes on the market that are great for you.
I'll preview most of the homes and ignore the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we tour houses, I'll identify positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
For the most part, buyers revise their wish list as we view houses and some features become more essential than others.
If that happens, I'll search all the listings once more and narrow it down to the home you've been waiting for.
Step 4 – Comprehend the housing market
An agent's understanding of the Greenfield home market is a leading factor in your house search. And I assure you I'm mindful of all the schools and neighborhoods, and I can let you know what neighborhoods are "hot" and demand prompt action and some that are "cold" and allow for careful consideration.
As we view houses, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Be on guard and make sure you ask a lot of questions, as any real estate agent will claim to truly understand the home market.
If it doesn't seem like they know everything, just call me at 4147278280 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will keep you a step above the rest through the entire process.
Step 5 – Find the home of your dreams
I know we'll find your dream home in Greenfield. When that happens, I'll thoroughly create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are getting financing, carrying out the inspection, and a clean title.
Upon submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property and is usually put towards the cost of closing. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer – it's really common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a big part in how aggressively we negotiate the deal.
We'll also work within your financing limits. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Secure financing
After the deal is complete, you'll start working with your lender to close the loan.
If you're already pre-approved, it shouldn't take long at all. But you'll want to keep in close contact with your lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) detailing closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application.
The estimate depends on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks all right.
Then we'll close on your home. This should occur at a title company or escrow office and will most likely be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at 4147278280 or e-mail me at .