Contemplating buying a new home in Greenfield?
For many people, buying a home can be a stressful event. However, with some planning ahead of time, it isn't very difficult.
So they'll know exactly what to expect, I will supply buyers with an overview of the entire 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 answer any questions you have regarding this information.
Step 1 – Get ready to buy
There are several things you should take into account before beginning your home search.
You'll probably want to put together a check list of must-have features, get a feeling for what school districts and neighborhoods you want to live in, and begin planning your budget.
Ensuring your mortgage payment is less than 1/3 of your monthly income is a good rule to follow.
Step 2 – Connect with a real estate agent
This is where I come in.
I'd be more than happy to book 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 the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Greenfield area.
In addition, I'll help you get started on your loan.
There are some great mortgage professionals in Greenfield, and I partner with a lot of them, so you're in great hands.
They can assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start your home search
After our first meeting, I'll start looking for available houses on the market that suit your needs.
I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll set up appointments to view the houses at a time that's convenient for you.
When we tour homes, I'll identify positive features and negative ones. I'll even ask you about things you like and don't like.
Usually, buyers update their list of must-haves as we view houses and some things become more crucial than others.
If that happens, I'll go back through the listings again and trim it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My understanding of the Greenfield housing market is an imperative factor in your home search. I'm familiar with all the neighborhoods and school districts, and I'll communicate what districts are "hot" and demand immediate action and others that are "cold" and allow for thoughtful analysis.
As we view houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions. Every real estate agent in Greenfield will tell you they truly know the home market.
If it appears they don't know everything, contact me at 4147278280 or e-mail me at , and I'd be happy to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Greenfield area, and when we do, I'll meticulously create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are obtaining financing, completing the inspection, and a clean title.
When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property and is often put towards the closing costs. If the offer is accepted, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the first offer, and it's really common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll assemble a deal that is best for you.
Step 7 – Secure your loan
Once we sign the final contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't be a long process at all, but you'll want to stay in close contact with your lender.
And I'll care for all the property information your mortgage lender needs 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 getting 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 strict range of accuracy. I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This will most often take place at a title company or escrow office and will likely be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just contact me at 4147278280 or e-mail me at .