Are you purchasing your home in Topton? Nantahala Real Estate Company, INC can help.
Buying a home is a stressful event for a lot of people, but it isn't that difficult with a bit of up-front planning.
I like to give buyers an overview of the entire deal so they know exactly what to expect.
These are my nine steps to buying a home.
If you have any 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 a home
Before you commence your home search, there are many things you need to take into account.
You'll want to put together a list of features you want, get a feel for what school districts and neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is around a third of your monthly income is a good guideline to follow.
Step 2 – Communicate with a real estate agent in Topton
This is where Nantahala Real Estate Company, INC can help.
I'd love to book a time to meet with you and talk about your real estate needs and get an idea of your plans for the future.
We'll discuss neighborhoods, school districts in the Topton area, the mortgage industry, and any additional economic factors that could potentially affect your purchase today or in the future.
I can also help you facilitate the loan process.
There are some great mortgage professionals in Topton, and I partner with a lot of them, so you can rest assured that you're in great hands.
They can assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start looking
Following our initial meeting, I'll start finding available houses on the market that are great for you.
I'll preview many of the houses and ignore the bad ones, and then we'll book appointments to view the houses whenever it's convenient for you.
When we tour homes, I'll show you the good features and bad ones. And I'll ask you to talk about things you like and don't like.
It's pretty common for buyers to change their wish list as we tour houses and some things become far more necessary than others.
If such is the case, I'll look through the listings once again and trim it down to the house you've been waiting for.
Step 4 – Know the market
My awareness of the Topton home market is a crucial factor in your house search. I am conscious of all the school districts and neighborhoods, and I can communicate which areas are "hot" and warrant immediate action and some that are "cold" and allow for thoughtful consideration.
When we view homes, I'll make sure to communicate when the seller's list price has room for negotiation and also when I trust the house is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions, as every REALTOR in Topton will convince you they comprehend the market.
If things don't add up, call me at 8283213101 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
We'll find the home of your dreams in Topton, and when we do, I'll precisely create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.
When we send in your offer, you'll need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property and is usually put towards the closing costs. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer. It's really common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing constraints. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Get a loan
Upon finalizing the deal, you'll start working with your mortgage lender to close the loan.
It won't take much time 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 mortgage lender will furnish you with a Loan Estimate (LE) detailing your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your loan application.
The estimate is based on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most likely take place at a title company or escrow office and will likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 8283213101 or e-mail me at .