Buying or selling a home in Topton?
With a little up-front planning, purchasing a home isn't very hard, but the event is stressful for a lot of people.
So they'll know exactly what to expect, I like to supply buyers with an outline of the whole deal.
Here are my nine steps to purchasing a home.
Should you have any questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
There are a lot of things you need to consider prior to starting your home search.
You'll want to assemble an index of features you want to have, get a feeling for what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or around a third of your monthly income is a good rule of thumb to adhere to.
Step 2 – Connect with a real estate agent in Topton
This is where Nantahala Real Estate Company, INC comes in.
I'd be happy to arrange a time to get together with you and talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Topton area, the mortgage and housing industries, and any other economic factors that might affect your buying decision today or in the future.
I can also help you facilitate the loan process.
Nantahala Real Estate Company, INC partners with some of Topton's best mortgage professionals, so you'll be in great hands.
They'll help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
After our first meeting, I'll start searching for homes on the market that suit your needs.
I'll preview many of the houses and reject the duds, and then we'll book appointments to view the homes whenever it's convenient for you.
When we view houses, I'll identify good features and negative ones. I'll also ask you to point out what things you like and don't like.
It's common for buyers to amend their must-have list as we view houses and some items become more substantial than others.
If such is the case, I'll search all the listings again and trim it down to the house you've been waiting for.
Step 4 – Get a grasp of the housing market
My awareness of the Topton home market is a fundamental agent in your home search. I am familiar with all the school districts and neighborhoods, and I can alert you to some neighborhoods are "hot" and call for prompt action and some that are "cold" and allow for cautiousness.
When we tour houses, I'll let you know when the asking price has room for negotiation and also when I believe the home is "priced to sell."
Be careful and be sure to ask your agent a lot of questions, as any REALTOR will claim to comprehend the housing market.
If things don't add up, call me at 828-321-3101 or e-mail me at , and I'd be glad to answer any questions you have. My understanding of the market will keep you a step ahead through the entire process.
Step 5 – Find the house of your dreams
We'll find the house of your dreams in the Topton area, and when that happens, I'll precisely create your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are getting financing, finishing the home inspection, and a clear title.
When we present your offer, you'll probably want to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property. The amount is typically applied to the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer, and it's really common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market circumstances will play a big part in how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Obtain financing
Once we sign the final deal, you'll begin working with your lender to close the loan.
If you're pre-approved, this won't take very long at all. But you need to stay in close contact with your lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your loan application.
The estimate depends on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy, and I'll review the estimate and let you know if it all looks good.
Then it's time to close on your house. This will probably occur at a title company or escrow office and is often a smooth and relaxed occurrence.
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, just contact me at 828-321-3101 or e-mail me at .