Are you contemplating buying your new home in Greenfield? Realiteam Real Estate Group can help.
With a little planning ahead of time, purchasing a home isn't very confusing, but the event can be stressful for a lot of people.
I like to furnish buyers with a road map of the entire deal so they understand exactly what they can expect.
Below are my nine steps to purchasing a home.
If you have any questions about this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
Before you begin your home search, there are many things you should take into account.
When you begin your search, you'll want to make a check list of items you need to have, get a feel for what neighborhoods and school districts you want to live in, and start working on your budget.
Ensuring your mortgage payment is less than or around a third of your net monthly income is a good guideline to go by.
Step 2 – Communicate with a real estate agent
This is where Realiteam Real Estate Group comes in.
I'd be more than happy to arrange a time to get together with you and communicate with you regarding 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 affect your buying decision today or in the future.
I can also help you start the loan process.
I partner with some of Greenfield's finest mortgage professionals, 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 qualified.
Step 3 – Begin looking for a house
After our initial meeting, I'll start looking for homes on the market that are a great fit for you.
I'll get a sneak peek of most of the homes and reject the bad ones, and then we'll book appointments to tour the houses whenever it's most convenient for you.
When we tour the homes, I'll call attention to good features, as well as negative ones. I'll also ask you what things you like and don't like.
It's common for buyers to revise their wish list as we view houses and some items become far more important than others.
If that happens, I'll search the listings once more and narrow it down to the home you've been wishing for.
Step 4 – Comprehend the market
My awareness of the Greenfield home market is an imperative agent in your home search. I'm mindful of all the school districts and neighborhoods, and I can alert you to certain neighborhoods are "hot" and warrant prompt action and others that are "cool" and allow for more examination.
As we tour homes, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions, as any real estate agent in Greenfield will claim to understand the home market.
If it seems like they don't know everything, contact me at 4147278280 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the house of your dreams
We'll find your dream house in Greenfield, and when that happens, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When we submit your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's most often applied to the closing costs. If the offer is accepted, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the first offer. It's widely common to receive a counter offer. Don't let it alarm you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
In addition, we'll work within your financing limits. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Secure financing
Once we sign the final deal, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, it won't be a long process at all. However, you need to stay in close contact with your mortgage lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of accepting your application.
This estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a strict range of accuracy, and I'll analyze the estimate and let you know if everything looks all right.
Then it's time to close on your house. This will likely occur at a title company or escrow office and will likely be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just call me at 4147278280 or e-mail me at .