Are you contemplating 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 hard with a little up-front planning.
So they'll know exactly what they can expect, I will furnish buyers with an overview of the whole deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are a lot of things you should consider prior to commencing your home search.
You'll want to create an outline of items you need to have, get an idea of what neighborhoods and school districts you want to live in, and start planning your budget.
A good guideline to go by is that your mortgage payment should be around a third of your net monthly income.
Step 2 – Communicate with a real estate agent in Topton
This is where I can help.
I'd love to plan a time to meet with you and speak with you about your real estate needs and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, school districts in the Topton area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.
I can also help you start the loan process.
There are some great mortgage professionals in Topton, and I partner with a lot of them, so you'll be in great hands.
They'll assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start looking
After our initial meeting, I'll begin searching for available homes on the market that meet your needs.
I'll research most of the homes and ignore the bad ones, and then we'll book appointments to tour the houses whenever it's convenient for you.
When we tour the homes, I'll show you the positive features and bad ones. I'll also ask you to tell us about things you like and don't like.
Usually, buyers revise their wish list as we view homes and some features become more important than others.
If that happens, I'll search all the listings another time and trim it down to the home of your dreams.
Step 4 – Comprehend the market
An agent's knowledge of the Topton housing market is an essential aspect in your house search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I will let you know certain areas are "hot" and demand prompt action and some that are "cold" and allow for thoughtful examination.
As we view homes, I'll be sure to tell you when the seller's list price has room for bargaining and when I believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions. Every REALTOR in Topton will claim to comprehend the market.
If things don't add up, contact me at 8283213101 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will help you stay a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
We'll find your dream home in the Topton area, and when we do, I'll precisely create your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, finishing the home inspection, and a clean title.
Upon turning in your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property. The amount is often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer, and it's very common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
We'll also work within your financing constraints. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Obtain financing
Upon completing the contract, you'll start working with your lender to close the loan.
If you're already pre-qualified, it won't take very long at all. But you need to stay in close contact with your 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 lender will give you a Loan Estimate (LE) outlining closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy, and I'll review the estimate and let you know if it all looks good.
Then we'll close on your home. This will most likely happen at a title company or escrow office and should 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 have any questions, be sure to contact me at 8283213101 or e-mail me at .