Buying or selling a home in Harmony? RE/MAX Select Properties can help.
Purchasing a home is stressful for most people, but it isn't too hard with a bit of up-front planning.
I like to furnish buyers with an outline of the entire deal so they know exactly what they can expect.
Below are my nine steps to purchasing a home.
If you have questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
Before you start searching for a home, there are plenty of things you need to consider.
It's likely that you'll want to form a list of features you need to have, get a plan of what school districts you want to live in, and start planning your budget.
A good rule to go by is that your mortgage payment should be around a third of your net monthly income.
Step 2 – Get in touch with a real estate agent in Harmony
That's where I can help.
I'd be more than happy to plan a time to get together with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Harmony area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
I'll also help you facilitate the loan process.
RE/MAX Select Properties partners with some of Harmony's best mortgage professionals, so you're in great hands.
They will help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
Following our initial meeting, I'll start searching for homes on the market that meet your needs.
I'll preview most of the homes and eliminate the bad ones, and then we'll set up appointments to view the homes whenever it's most convenient for you.
When we view the houses, I'll identify good features, as well as bad ones. I'll also ask you about things you like and don't like.
It's common for buyers to revise their wish list as we tour homes and some things become far more necessary than others.
If such is the case, I'll look through the listings another time and trim it down to the home you've been waiting for.
Step 4 – Comprehend the market
Your agent's awareness of the Harmony housing market is a crucial agent in your house search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I can let you know certain neighborhoods are "hot" and require prompt action and some that are "cool" and allow for thoughtful analysis.
When we tour homes, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
Any real estate agent will convince you they understand the home market, but take note, and be sure to ask a lot of questions.
If things don't add up, call me at 5078864221 or e-mail me at , and I'd be glad to answer your questions. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find the home of your dreams
I'm positive we'll find the home of your dreams in Harmony. When that happens, I'll thoroughly develop your home 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, completing the inspection, and a clear title.
Upon presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property and is often applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's really common to receive a counter offer. Don't let this intimidate 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 move on.
Market conditions determine how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Obtain financing
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, it won't be a long process at all. But you'll need to stay in close contact with your lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount, and RESPA requirements order that it has to include all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if everything looks all right.
Then it's time to close on your house. This will likely happen at a title company or escrow office and will most likely be a smooth and stress-free event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at 5078864221 or e-mail me at .