Are you purchasing a home in Topton? Nantahala Real Estate Company, INC can help.
Purchasing a home is a stressful event for a lot of people. However, with some planning ahead of time, it's not too complicated.
I like to supply buyers with an overview of the whole deal so they'll understand exactly what to expect.
Below are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have about this information.
Step 1 – Get ready to buy
There are plenty of things you'll want to consider before commencing your home search.
When you begin your search, you'll want to form a check list of must-have features, get an idea of what neighborhoods and school districts you want to live in, and begin planning your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule to go by.
Step 2 – Speak with a real estate agent
That's where I can help.
I'd love to plan a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Topton area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.
I can also assist you with getting started on your loan.
Nantahala Real Estate Company, INC partners with some of the best mortgage professionals in Topton, 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 qualified.
Step 3 – Begin your search
After our initial meeting, I'll begin finding available homes on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and throw out the duds, and then we'll schedule appointments to view the houses when it's convenient for you.
When we tour homes, I'll point out good features, as well as negative ones. And I'll ask you about things you like and dislike.
Generally, buyers update their must-have list as we view houses and some features become far more necessary than others.
If that happens, I'll go back through the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
Your agent's understanding of the Topton housing market is a crucial component in your home search. And I can assure you I'm informed of all the schools and neighborhoods, and I can let you know what districts are "hot" and call for immediate action and others that are "cold" and allow for thoughtful examination.
When we tour houses, I'll be sure to tell you when the asking price has room for bargaining and when I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions, as every real estate agent in Topton will convince you they understand the home market.
If it seems like they don't know everything, contact me at 828-321-3101 or e-mail me at , and I'll be glad to answer your questions. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been looking for
I'm sure we'll find your dream house in Topton. When we do, I'll precisely create your purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are acquiring financing, completing the inspection, and a clear title.
Upon submitting your offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property and is often put towards the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the initial offer. It's very common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing constraints. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Secure financing
After the contract is complete, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, this shouldn't take long at all. But you need to stay in close contact with your lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Good Faith Estimate (GFE) detailing your closing costs within three days of getting your loan application. You'll get a Good Faith Estimate (GFE) of your closing costs from your mortgage lender within three days of taking your loan application.
This estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks okay.
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 relaxing event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call me at 828-321-3101 or e-mail me at .