Let Nantahala Real Estate Company, INC assist you with purchasing your home in Topton
Buying a home is an intimidating event for many people. However, with a bit of planning ahead of time, it isn't too hard.
I like to give buyers an overview of the whole deal so they understand exactly what they can expect.
These are my nine steps to buying a home.
Should you have 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 buy
Before you start looking for a home, there are many things you'll want to do.
When you begin your search, you'll probably want to put together a check list of must-have features, get a feel for what neighborhoods you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is less than a third of your monthly income is a good guideline to follow.
Step 2 – Connect with a real estate agent
This is where I come in.
I'd love to arrange 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 neighborhoods, school districts in the Topton area, the mortgage and housing industries, and any additional economic factors that might affect your purchase today or in the future.
In addition, I'll assist you with getting started on your loan.
I partner with some of Topton's finest mortgage professionals, so you can rest assured that you're in great hands.
They can help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
Following our initial meeting, I'll start searching for houses on the market that are a great fit for you.
I'll preview many of the houses and throw out the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.
When we view the houses, I'll call attention to good features, as well as bad ones. I'll also ask you about things you like and dislike.
Generally, buyers amend their list of must-haves as we tour homes and some things become far more crucial than others.
If that's the case, I'll go back through all the listings one more time and narrow it down to the home you've been dreaming about.
Step 4 – Comprehend the market
Your agent's awareness of the Topton market is an imperative aspect in your house search. And I can assure you I'm conscious of all the neighborhoods and schools, and I'll communicate certain districts are "hot" and call for prompt action and others that are "cool" and allow for more examination.
As we view houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell."
Be on guard and make sure you ask plenty of questions, as every real estate agent will tell you they comprehend the home market.
If it appears they don't know everything, contact me at 8283213101 or e-mail me at , and I'd be more than happy to answer your questions. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
I'm positive we'll find the house of your dreams in Topton. When that happens, I'll precisely create your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.
When submitting your offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property and is typically put towards the cost of closing. If your offer is accepted, we should close about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer – it's extremely common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing limits. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Get your loan
After the deal is complete, you'll start working with your mortgage lender to close the loan.
It won't take long at all if you're already pre-approved, but you need to keep in close contact with your lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) detailing closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your application.
This estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a strict range of accuracy. I'll study the estimate and let you know if everything looks all right.
Then we'll close on your home. This should occur at a title company or escrow office and is often a smooth and hassle-free event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to contact me at 8283213101 or e-mail me at .