Are you buying your home in Harmony? RE/MAX Select Properties can help.
Purchasing a home is stressful for most people, but it's not all that confusing with a bit of up-front planning.
I like to furnish buyers with a road map of the whole deal so they understand exactly what they can expect.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.
Step 1 – Prepare to purchase a home
Before you start your home search, there are plenty of things you need to do.
You'll most likely want to put together an outline of must-have features, get a feeling for what school districts and neighborhoods you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good principle to follow.
Step 2 – Speak with a real estate agent in Harmony
That's where I come in.
We can arrange 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 discuss the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Harmony area.
In addition, I'll assist you in getting started on your loan.
There are some great mortgage professionals in Harmony, and I work with a lot of them, so you're in great hands.
They'll assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Begin looking
After we meet, I'll begin searching for available houses on the market that are a good fit for you.
I'll research most of the houses and remove the bad ones, and then we'll book appointments to view the homes at a time that's convenient for you.
As we tour houses, I'll point out good features, as well as bad ones. And I'll ask you to tell us about things you like and dislike.
Generally, buyers update their must-have list as we tour homes and some items become far more essential than others.
If that's the situation, I'll go back through the listings one more time and trim it down to the house you've been wishing for.
Step 4 – Comprehend the housing market
Your agent's understanding of the Harmony market is a necessary factor in your house search. And I can assure you I'm informed of all the schools and neighborhoods, and I will alert you to certain areas are "hot" and call for immediate action and the ones that are "cold" and allow for cautiousness.
As we view homes, I'll let you know if the asking price has room for negotiation or if I believe the house is "priced to sell."
Any real estate agent in Harmony will tell you they comprehend the home market, but take notice, and be sure to ask your agent plenty of questions.
If things don't add up, just call me at 5078864221 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Harmony area, and when we do, I'll meticulously create your purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When sending in your offer, you'll likely want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property and is typically applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the initial offer. It's very common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a part in how aggressively we negotiate the contract.
We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Obtain a loan
Upon finalizing the deal, you'll start working with your lender to close the loan.
If you're pre-qualified, this won't be a long process at all. However, you'll need to stay in close contact with your lender.
And I'll handle all the property information your mortgage 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 receiving your loan application.
The estimate depends on the loan amount. RESPA requirements require that it has to involve all closing costs and be within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then it's time to close on your house. This should happen at a title company or escrow office and is often a smooth and calm affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just contact me at 5078864221 or e-mail me at .