Are you looking to purchase your home in Harmony? RE/MAX Select Properties can help.
Buying a home is an intimidating event for many people, but with a little up-front planning, it isn't too complex.
I like to supply buyers with an outline of the entire deal so they'll know exactly what to expect.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Prepare to purchase
Before you begin searching for a home, there are plenty of things you should contemplate.
You'll probably want to create a checklist of items you want to have, plan for what neighborhoods you want to live in, and start planning your budget.
A good rule to adhere to is that your mortgage payment should be around 1/3 of your net monthly income.
Step 2 – Communicate with a real estate agent
This is where I can help.
I'd be more than happy to plan a time to meet with you and communicate with you about why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Harmony area.
In addition, I'll assist you in getting started on your loan.
RE/MAX Select Properties works with some of Harmony's best mortgage professionals, so you'll be in great hands.
They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
After we meet, I'll start searching for available homes on the market that meet your needs.
I'll get a sneak peek of many of the homes and exclude the bad ones, and then we'll set up appointments to tour the houses whenever it's most convenient for you.
As we view the houses, I'll point out positive features and negative ones. And I'll ask you what things you like and dislike.
It's pretty common for buyers to update their wish list as we tour homes and some items become more important than others.
If that happens, I'll look through the listings again and narrow it down to the home you've been dreaming about.
Step 4 – Comprehend the market
My understanding of the Harmony home market is a necessary aspect in your home search. I'm conscious of all the school districts and neighborhoods, and I can let you know which districts are "hot" and warrant immediate action and others that are "cool" and allow for thoughtful analysis.
As we tour homes, I'll be sure to tell you if the list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be on guard and be sure to ask plenty of questions, as every REALTOR will claim to truly understand the housing market.
If it doesn't seem like they know everything, contact me at 5078864221 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been looking for
I'm confident we'll find the house of your dreams in Harmony. When that happens, I'll carefully create your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, carrying out the inspection, and a clear title.
Upon sending in your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is usually applied to the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer. It's very common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And at the end of the day, we'll formulate a deal that is best for you.
Step 7 – Obtain your loan
Once the contract is signed, you'll start working with your lender to close the loan.
This won't be a long process at all if you're already pre-qualified, but you'll want to keep in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your loan application.
The estimate rests on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a narrow range of accuracy. I'll study the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will likely be a smooth and calm occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 5078864221 or e-mail me at .