Contemplating buying a home in Greenfield? Realiteam Real Estate Group can help.
Buying a home intimidates most people. However, with some up-front planning, it's not all that confusing.
So they'll know exactly what to expect, I like to furnish buyers with an overview of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to buy a home
Before you start searching for a home, there are a lot of things you need to take into account.
When you start your search, you'll want to put together a list of features you want, get a feeling for what school districts you want to live in, and start working on your budget.
Keeping your mortgage payment around a third of your monthly income is a good guideline to go by.
Step 2 – Speak with a real estate agent in Greenfield
This is where I can help.
I'd be happy to arrange a time to get together with you and communicate with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Greenfield area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.
I'll also assist you with getting started on your loan.
I partner with some of the best mortgage professionals in Greenfield, so you're in great hands.
They'll assist you with deciding which kind of loan is best for you and help you get approved.
Step 3 – Start house hunting
After we meet for the first time, I'll begin finding homes on the market that are a great fit for you.
I'll research many of the homes and exclude the duds, and then we'll set up appointments to view the homes whenever it's convenient for you.
As we view the houses, I'll identify positive features and bad ones. And I'll ask you what things you like and dislike.
It's common for buyers to change their must-have list as we view houses and some things become far more crucial than others.
If that happens, I'll look through the listings once more and trim it down to the home you've been dreaming about.
Step 4 – Get a grasp of the market
An agent's awareness of the Greenfield home market is an imperative component in your house search. And I can assure you I'm familiar with all the neighborhoods and schools, and I'll communicate what neighborhoods are "hot" and call for immediate action and others that are "cool" and allow for thoughtful examination.
As we tour homes, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell."
Be mindful and make sure you ask your agent plenty of questions, as every REALTOR in Greenfield will tell you they comprehend the market.
If things don't add up, contact me at 4147278280 or e-mail me at , and I'll be more than happy to answer your questions. My understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Greenfield, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.
Upon turning in your purchase offer, you'll likely want to present "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property and is often applied to the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer. It's extremely common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your budget. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Secure your loan
Once we sign the final contract, you'll start working with your lender to close the loan.
If you're pre-qualified, this shouldn't be a long process at all, but you should to stay in close contact with your lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of getting your loan application.
The estimate rests on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy, and I'll review the estimate and let you know if it all looks okay.
Then it's time to close on your home. This should happen at a title company or escrow office and will likely be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 4147278280 or e-mail me at .