Are you looking to buy a new home in Harmony? RE/MAX Select Properties can help.
With a little up-front planning, buying a home isn't very confusing, but the event intimidates many people.
I like to supply buyers with an overview of the entire 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, just contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Prepare to buy
Before you commence your home search, there are plenty of things you'll want to take into account.
When you start your search, you'll want to form an index of features you need to have, get a feel for what neighborhoods you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is no more than 1/3 of your monthly income is a good guideline to adhere to.
Step 2 – Speak with a real estate agent in Harmony
That's where I come in.
I'd love to set up a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Harmony area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you facilitate the loan process.
RE/MAX Select Properties partners with some of Harmony's best mortgage professionals, so you'll be in great hands.
They'll assist you with deciding which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our first meeting, I'll begin searching for houses on the market that are good for you.
I'll get a sneak peek of many of the houses and eliminate the duds, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
As we tour the homes, I'll point out positive features, as well as bad ones. I'll even ask you what things you like and don't like.
Most often, buyers amend their must-have list as we tour homes and some features become far more important than others.
If that's the case, I'll look through all the listings another time and narrow it down to the home you've been waiting for.
Step 4 – Comprehend the market
My knowledge of the Harmony housing market is an imperative element in your home search. I'm informed of all the school districts and neighborhoods, and I will alert you to which areas are "hot" and require prompt action and others that are "cold" and allow for thoughtful examination.
As we view homes, I'll let you know when the list price has room for negotiation and also when I trust the home is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Any REALTOR will tell you they understand the home market.
If it seems like they don't know everything, call me at 5078864221 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 the house you've been looking for
We'll find the house of your dreams in the Harmony area, and when that happens, I'll carefully create your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, finishing the home inspection, and a clear title.
When presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property. The amount is typically put towards the closing costs. If the seller accepts the offer, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer. It's really common to receive a counter offer. But don't let it discourage you. We'll discuss 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 contract depends on the state of the market.
We'll also work within your budget. And at the end of the day, we'll compose a contract that works well for you.
Step 7 – Get your loan
Upon finishing the contract, you'll begin working with your lender to close the loan.
If you're pre-qualified, this shouldn't take much time at all, but you should to stay in close contact with your lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of getting your application.
The estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a strict range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then we'll close on your home. This will probably take place at a title company or escrow office and should be a smooth and comfortable event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at 5078864221 or e-mail me at .