Buying or selling a home?
With a little planning ahead of time, purchasing a home isn't all that difficult, but the event intimidates a lot of people.
So they'll understand exactly what to expect, I'll supply buyers with an overview of the entire deal.
Below 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 happy to answer any questions you have about this information.
Step 1 – Get ready to purchase a home
There are many things you need to consider before you search for a home.
You'll want to create an outline of items you need to have, get a feeling for what school districts and neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment less than a third of your net monthly income is a good rule to adhere to.
Step 2 – Connect with a real estate agent
That's where I can help.
I'd be happy to schedule a time to get together with you and talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Greenfield area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.
In addition, I'll assist you in getting started on your loan.
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'll assist you with figuring out which kind of loan is best for you and help you get approved.
Step 3 – Start your search
After our initial meeting, I'll start looking for available houses on the market that are good for you.
I'll research many of the homes and ignore the bad ones, and then we'll set up appointments to view the homes at a time that's convenient for you.
As we view homes, I'll show you the good features and negative ones. I'll also ask you to talk about things you like and dislike.
Frequently, buyers revise their list of must-haves as we view houses and some features become more necessary than others.
If that happens, I'll search the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My awareness of the Greenfield home market is a crucial element in your house search. I am informed of all the schools and neighborhoods, and I'll alert you to which districts are "hot" and require prompt action and others that are "cool" and allow for thoughtful consideration.
As we view houses, I'll make sure to communicate when the list price has room for negotiation and also when I think the home is "priced to sell."
Trust your instincts and be sure to ask your agent lots of questions, as every REALTOR will convince you they truly know the housing 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 any questions you have. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find your dream home
I'm certain we'll find the house of your dreams in Greenfield. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, carrying out the inspection, and a clear title.
When submitting your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property. The amount is typically applied to the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the first offer – it's really common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And at the end of the day, we'll create a deal that works well for you.
Step 7 – Secure a loan
Once we sign the final deal, you'll start working with your lender to close the loan.
If you've been pre-approved, it shouldn't take much time at all. But you need to keep in close contact with your mortgage 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 your closing costs from your mortgage lender within three days of taking your application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will likely happen at a title company or escrow office and is often a smooth and relaxed affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at 4147278280 or e-mail me at .