Are you contemplating buying a home in Topton?
Buying a home is a stressful event for most people. However, with a bit of up-front planning, it isn't very complex.
So they understand exactly what to expect, I will give buyers an overview of the whole deal.
These 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 glad to answer questions you have about this information.
Step 1 – Get ready to buy
There are plenty of things you'll want to consider prior to beginning your home search.
It's likely that you'll want to form an index of features you want to have, get a feeling for what neighborhoods and school districts you want to live in, and start planning around your budget.
Keeping your mortgage payment around a third of your monthly income is a good principle to follow.
Step 2 – Talk to a real estate agent
That's where I come in.
I'd be more than happy to set up 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 upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Topton area.
I'll also help you begin the loan process.
I partner with some of the best mortgage professionals in Topton, so you can rest assured that you're in great hands.
They will help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
Following our initial meeting, I'll begin finding available homes on the market that best suit you.
I'll research many of the houses and ignore the duds, and then we'll set up appointments to view the houses whenever it's most convenient for you.
When we tour the houses, I'll identify positive features and negative ones. I'll also ask you to talk about things you like and dislike.
It's pretty common for buyers to revise their must-have list as we tour homes and some features become more necessary than others.
If such is the case, I'll go back through the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the market
An agent's awareness of the Topton housing market is an imperative aspect in your home search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will communicate which neighborhoods are "hot" and require prompt action and others that are "cold" and allow for thoughtful analysis.
As we view homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell."
Be on guard and make sure you ask your agent plenty of questions, as any real estate agent in Topton will tell you they truly understand the market.
If it doesn't seem like they know everything, call me at 828-321-3101 or e-mail me at , and I'll be more than happy to answer any questions you might have. My understanding of the market will help you stay a step ahead through the entire process.
Step 5 – Find the house you've been waiting for
I'm positive we'll find the house of your dreams in the Topton area. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as getting financing, completing the home inspection, and a clean title.
When we send in your offer, most likely you'll want to present "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property. The amount is most often put towards the closing costs. If the seller accepts your offer, we should close about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the beginning offer. It's really common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
The state of the market determines 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 formulate a deal that is best for you.
Step 7 – Get your loan
After we sign the final contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, this won't take very long at all. But you'll want 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 lender will provide you with a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your application.
The estimate is formed from the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will likely happen at a title company or escrow office and should be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 828-321-3101 or e-mail me at .