Are you contemplating purchasing a home in Harmony? RE/MAX Select Properties can help.
Buying a home is an intimidating event for most people. However, with a bit of up-front planning, it's not very confusing.
I like to furnish buyers with a road map of the entire deal so they'll 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 – Get ready to buy
Before you start searching for a home, there are a lot of things you'll want to do.
When you begin your search, you'll probably want to assemble a list of features you need to have, get a feel for what neighborhoods and school districts you want to live in, and start working on your budget.
A good rule of thumb to follow is that your mortgage payment should be 30 percent of your net monthly income.
Step 2 – Get in touch with a real estate agent in Harmony
This is where RE/MAX Select Properties comes in.
We'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, schools in the Harmony area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
RE/MAX Select Properties partners with some of Harmony's finest mortgage professionals, so you'll be in great hands.
They can help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your search
After our first meeting, I'll begin searching for houses on the market that are good for you.
I'll preview many of the homes and exclude the duds, and then we'll book appointments to view the homes when it's most convenient for you.
As we tour the houses, I'll point out good features and negative ones. I'll even ask you to point out what things you like and don't like.
Frequently, buyers change their list of must-haves as we view homes and some things become far more substantial than others.
If such is the case, I'll search the listings one more time and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
My understanding of the Harmony housing market is a necessary element in your home search. I'm acquainted with all the schools and neighborhoods, and I will alert you to some districts are "hot" and warrant immediate action and others that are "cold" and allow for careful analysis.
When we view houses, I'll make sure to communicate when the list price has room for negotiation and also when I think the home is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Every REALTOR will convince you they comprehend the housing market.
If it seems like they don't know everything, contact me at 5078864221 or e-mail me at , and I'd be more than happy to answer any questions you may have. My knowledge of the market will help you stay a step ahead through the entire deal.
Step 5 – Find your dream house
I'm confident we'll find your dream home in the Harmony area. When we do, I'll carefully create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as obtaining financing, carrying out the inspection, and a clean title.
Upon presenting your offer, you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property. The amount is usually put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer, and it's extremely common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing budget. And at the end of the day, we'll formulate a deal that is best for you.
Step 7 – Secure financing
Once we sign the final contract, you'll begin working with your mortgage lender to close the loan.
This won't be a long process at all if you've been pre-approved, but you need to keep in close contact with your lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application.
The estimate depends on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a tight range of accuracy. I'll examine the estimate and let you know if it all looks good.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and should be a smooth and hassle-free event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 5078864221 or e-mail me at .