For many people, purchasing a home can be an intimidating event. However, with a bit of planning ahead of time, it's not all that confusing.
So you'll know exactly what to expect, I like to provide my buyers with an outline of the entire deal.
Here are my nine steps to purchasing a home.
Step 1 – Get ready to buy
Before you start your home search, there are plenty of things you need to consider.
When you start your search, you'll probably want to form a checklist of items you want, get an idea of what neighborhoods you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or close to 1/3 of your monthly income is a good principle to adhere to.
Step 2 –Let's talk
Let's discuss your needs, wants and desires in a home. What are the important factors including areas, communities, schools, day care, medical facilities, shopping, distance to work, entertainment everything that's important to you. With my knowledge of our housing market I can point out existing neighborhoods and areas that are "hot" along with emerging areas that are seeing increased home buying activities. If you have not been pre-qualified for a mortgage will discuss what you will need to do. I'm a good listener so don't hold back and ask as many questions as needed. I want you to be comfortable working with me. In fact one of my clients called me their "House Angel" because of my dedication in finding them their perfect home.
Step 3 – Beginning to looking
Once we have a game plan based on our discussions we will start the search. Together we will plan out the best choices and review them in detail. Then we will set up appointments to tour them. During this process your feed back is important and in some cases you may make revisions based on some features becoming more important then others. We'll narrow down the choices make new ones and then suddenly you'll find the one that is perfect. At this point in the process we'll evaluate the the asking price basked on the current market trends, days on market, condition of the property and compare it to similar homes on the market or that have recently closed. Again here is where working with a seasoned professional is important.
Step 4 – Making the offer
Together we will develop an offer to purchase that best suits your needs. This is where my negotiating skills and established reputation will be an advantage. Knowing how to structure the offer and how to work with the sellers agent is a skill set I have years of experience in. Once we have come to a meeting of the minds and reached an agreed price and terms I will guide you on due diligence money , earnest money, set up inspections, establish a closing date and as needed will handle any speed bumps that may happen in the process of closing.
Step 5 – Find the home you've been looking for
The state of the market determines how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Secure a loan
Once the deal is complete, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take much time at all. But you need to keep in close contact with your lender.
And I'll handle 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) of closing costs within three days of receiving your loan application.
The estimate depends on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will most often be a smooth and hassle-free event.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything, make sure you call me at 704-651-9946 or send me an e-mail.