Buying or selling a home?
For a lot of people, purchasing a home can be intimidating. However, with a little planning ahead of time, it's not that complicated.
So you'll know exactly what to expect, we like to give our buyers a road map of the whole deal.
Below are our nine steps to buying a home.
If you have any questions regarding this information or if you're ready to get started, just contact us here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy a home
There are a lot of things you should contemplate before you look for a home.
It's likely that you'll want to form an index of must-have features, get a feel for what neighborhoods and school districts you want to live in, and begin working on your budget.
Keeping your mortgage payment less than 1/3 of your monthly income is a good guideline to follow.
Step 2 – Get with a real estate agent
That's where we can help.
We'd like to arrange a time to get together with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Sherrills Ford area.
We'll also help you begin the loan process.
There are some excellent mortgage professionals in Sherrills Ford, and we partner with a lot of them, so you can rest assured that you're in great hands.
They will assist you in deciding which kind of loan is best for you and help you get approved.
Step 3 – Start looking for a home
After our first meeting, we'll start searching for available homes on the market that are good for you.
We'll research many of the homes and ignore the duds, and then we'll book appointments to view the homes whenever it's most convenient for you.
As we view the houses, we'll identify positive features, as well as negative ones. we'll also ask you to talk about things you like and dislike.
Generally, buyers change their wish list as we view homes and some items become more crucial than others.
If that's the case, we'll look through the listings one more time and narrow it down to the home you've been waiting for.
Step 4 – Understand the housing market
Your agent's knowledge of the Sherrills Ford housing market is an essential element in your home search. And we can assure you we're very familiar with all the school districts and neighborhoods, and we'll communicate which districts are "hot" and call for immediate action and the others that are "cold" and allow for thoughtful consideration.
As we tour homes, we'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask lots of questions. Every real estate agent in Sherrills Ford will claim to truly understand the market.
If things don't add up, call us at 980-939-5354 or e-mail us at email@example.com, and we'll be glad to answer your questions. Our market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
We're certain we'll find your dream house in Sherrills Ford, and when that happens, we'll meticulously develop your home purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to a home seller to secure the offer to purchase the property, and it's typically put towards the cost of closing. If the seller accepts the offer, we should close on the property within 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 really common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
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 – Get a loan
Upon signing the contract, you'll start working with your mortgage lender to close the loan.
If you've been pre-qualified, this shouldn't take long at all. But you'll need to stay in close contact with your mortgage lender.
And we'll care for all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your loan application.
The estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a strict range of accuracy. we'll study the estimate and let you know if everything looks all right.
Then it's time to close on your house. This will most often occur at a title company or escrow office and will probably be a smooth and relaxed occasion.
Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call us at 980-939-5354 or send us an e-mail.