Are you contemplating purchasing a new home in Greenfield?
For most people, purchasing a home can be a stressful event. However, with some up-front planning, it isn't all that difficult.
So they'll understand exactly what to expect, I will provide buyers with an outline of the whole deal.
These 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 address any questions you have about this information.
Step 1 – Prepare to buy a home
Prior to starting your home search, there are several things you'll want to do.
When you begin your search, you'll want to assemble a list of features you want to have, get an idea of what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good rule of thumb to follow is that your mortgage payment should be close to 1/3 of your monthly income.
Step 2 – Talk to a real estate agent in Greenfield
That's where I come in.
We'll plan a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Greenfield area, the mortgage and housing industries, and any additional economic factors that could affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
I work with some of Greenfield's best mortgage professionals, so you're in great hands.
They can assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our initial meeting, I'll start looking for available homes on the market that best suit you.
I'll preview many of the homes and ignore the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
As we view houses, I'll identify positive features, as well as bad ones. And I'll ask you to tell us about things you like and don't like.
Oftentimes, buyers amend their list of must-haves as we tour homes and some items become more essential than others.
If that happens, I'll go back through all the listings another time and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the market
Your agent's knowledge of the Greenfield housing market is an essential agent in your house search. And I can assure you I'm informed of all the school districts and neighborhoods, and I can let you know some neighborhoods are "hot" and warrant immediate action and some that are "cool" and allow for more consideration.
When we tour houses, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I trust the home is "priced to sell."
Be on guard and make sure you ask a lot of questions, as every real estate agent in Greenfield will tell you they know the market.
If things don't add up, call me at 4147278280 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will keep you a step ahead through the entire deal.
Step 5 – Find your dream home
I know we'll find your dream house in Greenfield. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, finishing the inspection, and a clear title.
When we present your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is most often put towards the cost of closing. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer. It's widely common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market conditions will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll formulate a deal that is best for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll begin working with your lender to close the loan.
If you're pre-qualified, this won't take very long at all. But you'll want to keep in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of receiving your loan application.
The estimate is based on the loan amount, and RESPA requirements order that it has to include all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This will probably take place at a title company or escrow office and is often a smooth and stress-free affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, simply contact me at 4147278280 or e-mail me at .