Purchasing your home in Harmony
Buying a home is a stressful event for many people, but with a little planning ahead of time, it's not that complicated.
So they understand exactly what to expect, I like to supply buyers with an outline of the entire deal.
These are my nine steps to buying a home.
Should you have questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy
There are a lot of things you'll want to do prior to commencing your home search.
When you begin your search, you'll want to form an index of features you need, get a feel for what school districts and neighborhoods you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than 1/3 of your monthly income is a good rule of thumb to adhere to.
Step 2 – Get in touch with a real estate agent in Harmony
That's where I come in.
I'd be happy to plan a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Harmony area, the mortgage industry, and any additional economic factors that could potentially affect your buying decision today or in the future.
I can also help you start the loan process.
RE/MAX Select Properties partners with some of the finest mortgage professionals in Harmony, so you're in great hands.
They'll assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking
After our first meeting, I'll start finding available houses on the market that meet your needs.
I'll research most of the homes and eliminate the duds, and then we'll book appointments to view the houses whenever it's most convenient for you.
As we tour the houses, I'll point out positive features, as well as bad ones. I'll also ask you to talk about things you like and dislike.
It's common for buyers to amend their must-have list as we view houses and some things become far more crucial than others.
If such is the case, I'll go back through all the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the market
An agent's awareness of the Harmony home market is a fundamental agent in your home search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I will let you know what areas are "hot" and demand prompt action and some that are "cold" and allow for more consideration.
As we view houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions. Any REALTOR will claim to truly understand the market.
If it doesn't seem like they know everything, contact me at 5078864221 or e-mail me at , and I'll be happy to answer your questions. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find your dream house
I'm certain we'll find the home of your dreams in Harmony. When that happens, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
When presenting your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property. The amount is most often put towards the closing costs. If your offer is accepted, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the first offer – it's really common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a deal that is best for you.
Step 7 – Obtain a loan
Upon signing the contract, you'll begin working with your mortgage lender to close the loan.
This shouldn't take much time at all if you've been pre-approved, but you'll need to stay in close contact with your lender.
And I'll take care of all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your application.
The estimate rests on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will probably occur at a title company or escrow office and will probably be a smooth and pleasant occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 5078864221 or e-mail me at .