Buying or selling a home in Harmony?

For many people, buying a home is a stressful event. However, with a bit of planning ahead of time, it isn't very hard. So they'll know exactly what to expect, I like to furnish buyers with an overview of the whole deal. These are my nine steps to buying a home. If you have questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Get ready to buy
There are a lot of things you'll want to consider prior to starting your home search. You'll want to make an index of must-have features, get a feel for what school districts you want to live in, and begin planning around your budget. A good guideline to adhere to is that your mortgage payment should be around a third of your monthly income.

Step 2 – Speak with a real estate agent
That's where I come in. I'd be happy to arrange a time to meet with you and speak with you about why you want to buy a home and get an idea of your future plans. We'll talk about neighborhoods, schools in the Harmony area, the mortgage and housing industries, and any other economic factors that could potentially affect your buying decision today or in the future.

I can also help you facilitate the loan process. There are some great mortgage professionals in Harmony, and I work with a lot of them, so you're in great hands. They will help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Start house hunting
After we meet for the first time, I'll start finding houses on the market that are great for you. I'll research most of the homes and ignore the duds, and then we'll set up appointments to view the houses whenever it's convenient for you.

As we view homes, I'll point out positive features, as well as bad ones. And I'll ask you to point out what things you like and don't like. It's widely common for buyers to revise their list of must-haves as we tour houses and some items become more substantial than others. If that's the case, I'll look through all the listings once more and narrow it down to the home you've been dreaming about.

Step 4 – Know the market
An agent's awareness of the Harmony housing market is an essential element in your house search. And I assure you I'm acquainted with all the neighborhoods and schools, and I will alert you to certain areas are "hot" and warrant prompt action and some that are "cold" and allow for thoughtful examination.

When we tour houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the home is "priced to sell." Trust your instincts and make sure you ask your agent plenty of questions, as any real estate agent in Harmony will convince you they know the home market. If things don't add up, call me at 5078864221 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find the house you've been looking for
We'll find your dream home in the Harmony area, and when we do, I'll precisely create your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies. A few examples are getting financing, completing the inspection, and a clean title.

When we turn in your 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 put towards the closing costs. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer – it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.

The state of the market will play a role in how aggressively we negotiate the deal. We'll also work within your financing constraints. And when it's all said and done, we'll assemble a contract that works well for you.

Step 7 – Secure financing
Upon completion of the contract, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, this won't be a long process at all. However, you need to stay in close contact with your mortgage lender. And I'll sort out 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) of your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application. This estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if it all looks good.

Then we'll close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and calm occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you contact me at 5078864221 or e-mail me at .

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RE/MAX Select Properties

25 W. Center Street PO Box 425
Harmony, MN 55939