Buying or selling a home?
Buying a home is an intimidating event for many people, but with some up-front planning, it isn't that confusing.
So they'll know exactly what to expect, I'll supply buyers with an overview of the whole deal.
Below are my nine steps to purchasing a home.
Should you have questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
Before you start your home search, there are a lot of things you need to consider.
When you start your search, you'll want to assemble a list of items you need to have, plan for what school districts and neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule of thumb to follow.
Step 2 – Get in touch with a real estate agent
That's where I can help.
We can arrange a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Canton area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.
I can also help you begin the loan process.
A-1 US Real Estate Brokers, Inc works with some of the finest mortgage professionals in Canton, so you'll be in great hands.
They can help you choose which type of loan is best for you, as well as help you get approved.
Step 3 – Start your search
Following our initial meeting, I'll begin searching for homes on the market that are a good fit for you.
I'll preview many of the houses and exclude the bad ones, and then we'll book appointments to view the homes whenever it's convenient for you.
When we tour the homes, I'll show you the good features, as well as negative ones. I'll even ask you to talk about things you like and dislike.
It's common for buyers to revise their wish list as we tour homes and some features become more necessary than others.
If such is the case, I'll look through the listings another time and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
My awareness of the Canton market is a fundamental aspect in your home search. I am mindful of all the neighborhoods and school districts, and I can alert you to which districts are "hot" and require prompt action and others that are "cold" and allow for careful analysis.
When we tour houses, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Every real estate agent will claim to comprehend the home market, but be wary, and make sure you ask lots of questions.
If things don't add up, just call me at 6789864225 or e-mail me at , and I'll be happy to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream home
I'm sure we'll find the home of your dreams in the Canton area. When we do, I'll thoroughly create your purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
When we turn in your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property. The amount is most often put towards the cost of closing. If your offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
The state of the market will play a big part in how aggressively we negotiate the deal.
We'll also work within your budget. And when it's all said and done, we'll assemble a contract that's best for you.
Step 7 – Secure your loan
Upon completing the deal, you'll begin working with your lender to close the loan.
It won't take long at all if you're pre-approved, but you'll need to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your application.
The estimate is based on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most likely happen at a title company or escrow office and should be a smooth and relaxed event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to call me at 6789864225 or e-mail me at .