Buying or selling a home? RE/MAX Select Properties can help.
Buying a home is intimidating for a lot of people, but it isn't that complex with a little planning ahead of time.
I like to give buyers an outline of the whole deal so they'll know exactly what they can expect.
Here are my nine steps to purchasing a home.
If you have questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are a lot of things you'll want to contemplate prior to starting your home search.
It's likely that you'll want to put together a check list of features you need, get an idea of what neighborhoods and school districts you want to live in, and begin working on your budget.
Ensuring your mortgage payment is around 30 percent of your monthly income is a good principle to follow.
Step 2 – Communicate with a real estate agent
This is where RE/MAX Select Properties can help.
We can plan a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Harmony area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.
I'll also help you begin the loan process.
RE/MAX Select Properties works with some of Harmony's finest mortgage professionals, so you're in great hands.
They can help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a house
After our initial meeting, I'll start looking for houses on the market that meet your needs.
I'll preview most of the homes and reject the duds, and then we'll set up appointments to view the houses when it's most convenient for you.
As we view houses, I'll identify positive features and bad ones. I'll also ask you about things you like and dislike.
Frequently, buyers change their list of must-haves as we tour homes and some items become more crucial than others.
If that happens, I'll search all the listings once more and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Harmony market is a crucial aspect in your home search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will alert you to some districts are "hot" and call for prompt action and the ones that are "cool" and allow for careful analysis.
As we tour houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions. Any REALTOR in Harmony will tell you they understand the market.
If it appears they don't know everything, contact me at 5078864221 or e-mail me at , and I'll be glad to answer any questions you have. My market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house you've been looking for
We'll find the home of your dreams in the Harmony area, and when that happens, I'll meticulously develop your purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
Upon presenting your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's most often put towards the closing costs. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer. It's pretty common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your financing budget. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Obtain a loan
Once the deal is signed, you'll start working with your mortgage lender to close the loan.
This shouldn't take much time at all if you're already pre-approved, but you'll need to stay in close contact with your lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your loan application.
The estimate rests on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks adequate.
Then we'll close on your home. This should occur at a title company or escrow office and will likely be a smooth and easygoing affair.
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 call me at 5078864221 or e-mail me at .