Buying or selling a home?

With a little up-front planning, buying a home isn't all that difficult, but the event intimidates a lot of people. I like to supply buyers with an overview of the entire deal so they know exactly what to expect. Below are my nine steps to purchasing a home. If you have questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
There are plenty of things you should consider prior to starting your home search. When you start your search, you'll probably want to assemble a check list of items you need, get a feeling for what school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than a third of your net 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. We can set up a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, school districts in the Topton area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.

I'll also assist you with getting started on your loan. There are some great mortgage professionals in Topton, and I work with a lot of them, so you can rest assured that you're in great hands. They can assist you in determining which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
Following our first meeting, I'll start searching for homes on the market that are good for you. I'll preview most of the homes and throw out the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.

When we view homes, I'll identify good features and negative ones. And I'll ask you to talk about things you like and don't like. Most often, buyers amend their list of must-haves as we view houses and some features become far more important than others. If that's the situation, I'll search the listings again and narrow it down to the house you've been dreaming about.

Step 4 – Get a grasp of the market
An agent's knowledge of the Topton home market is a fundamental element in your home search. And I assure you I'm conscious of all the school districts and neighborhoods, and I'll communicate what neighborhoods are "hot" and require prompt action and the ones that are "cool" and allow for cautiousness.

As we tour houses, I'll make sure to communicate if the asking price has room for negotiation or if I believe the home is "priced to sell." Be mindful and be sure to ask a lot of questions, as every real estate agent in Topton will claim to truly 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 any questions you have. My knowledge of the market will help you stay a step ahead through the entire deal.

Step 5 – Find your dream home
I know we'll find your dream house in Topton. When that happens, I'll carefully develop your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as obtaining financing, completing the inspection, and a clear title.

When we send in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property. The amount is often put towards the closing costs. If your offer is accepted, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer, and it's extremely common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.

The state of the market will play a vital role in how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And when it's all said and done, we'll compose a contract that is best for you.

Step 7 – Secure a loan
Once the deal is finished, you'll begin working with your lender to close the loan. If you're already pre-qualified, this won't be a long process at all. However, you'll want to stay in close contact with your lender. And I'll sort out all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your application. The estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This should take place at a title company or escrow office and will likely be a smooth and easygoing affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at 828-321-3101 or e-mail me at .

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