Buying or selling a home in Greenfield?
Purchasing a home intimidates a lot of people, but with some planning ahead of time, it's not all that complicated.
I like to give buyers a road map of the entire deal so they'll know exactly what to expect.
Here are my nine steps to buying a home.
If you have questions about any of this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are plenty of things you should do prior to starting your home search.
You'll want to create a list of items you need to have, get a plan of what neighborhoods and school districts you want to live in, and start planning your budget.
Ensuring your mortgage payment is around 30 percent of your net monthly income is a good rule to follow.
Step 2 – Connect with a real estate agent in Greenfield
That's where I come in.
We'll plan a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Greenfield area.
I can also help you facilitate the loan process.
Realiteam Real Estate Group works with some of the best mortgage professionals in Greenfield, so you'll be in great hands.
They will help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
Following our initial meeting, I'll begin finding houses on the market that are great for you.
I'll preview many of the houses and exclude the duds, and then we'll book appointments to tour the homes when it's most convenient for you.
When we view the houses, I'll show you the good features and negative ones. And I'll ask you about things you like and don't like.
It's common for buyers to update their list of must-haves as we tour houses and some things become far more important than others.
If that's the situation, I'll go back through all the listings one more time and narrow it down to the house you've been wishing for.
Step 4 – Comprehend the housing market
An agent's understanding of the Greenfield home market is an imperative agent in your home search. And I can assure you I'm acquainted with all the schools and neighborhoods, and I can communicate certain neighborhoods are "hot" and call for prompt action and others that are "cold" and allow for careful analysis.
As we tour houses, I'll be sure to tell you when the seller's asking price has room for bargaining and when I know the house is "priced to sell."
When working with an agent, be mindful and be sure to ask a lot of questions. Every REALTOR will convince you they understand the home market.
If things don't add up, call me at 4147278280 or e-mail me at , and I'd be happy to answer your questions. My understanding of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find your dream home in Greenfield, and when that happens, I'll carefully create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the inspection, and a clean title.
Upon submitting your offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property, and it's usually applied to the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. But don't let this discourage you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing constraints. And when it's all said and done, we'll compose a contract that is best for you.
Step 7 – Obtain financing
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, it shouldn't take very long at all, but you'll want to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) of your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of taking your application.
This estimate is based on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a narrow range of accuracy. I'll study the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will probably take place at a title company or escrow office and will most likely be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you call me at 4147278280 or e-mail me at .