Buying or selling a home in Topton? Nantahala Real Estate Company, INC can help.
For a lot of people, buying a home can be a stressful event. But with a bit of up-front planning, it's not too complex.
I like to supply buyers with an overview of the entire deal so they'll know exactly what they can expect.
Below are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to address questions you have about this information.
Step 1 – Get ready to purchase a home
Before you begin looking for a home, there are plenty of things you should take into account.
When you start your search, you'll want to form a check list of items you need, get a feeling for what neighborhoods you want to live in, and start working on your budget.
A good rule to go by is that your mortgage payment should be less than or close to a third of your net monthly income.
Step 2 – Speak with a real estate agent in Topton
That's where I come in.
I'd be happy to arrange a time to meet with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Topton area.
I can also help you get started on your loan.
Nantahala Real Estate Company, INC works with some of the best mortgage professionals in Topton, so you'll be in great hands.
They can assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our first meeting, I'll start finding homes on the market that are great for you.
I'll research most of the houses and ignore the bad ones, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
As we view houses, I'll point out good features and negative ones. And I'll ask you to tell us about things you like and don't like.
For the most part, buyers amend their wish list as we tour houses and some features become more essential than others.
If that's the case, I'll search the listings again and trim it down to the house you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Topton housing market is an essential aspect in your home search. And I can assure you I'm informed of all the neighborhoods and school districts, and I'll communicate what neighborhoods are "hot" and require prompt action and some that are "cool" and allow for careful consideration.
When we tour homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions. Every REALTOR in Topton will convince you they know the home market.
If it seems like they don't know everything, just call me at 8283213101 or e-mail me at , and I'll be happy 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 the home you've been waiting for
I'm confident we'll find the house of your dreams in the Topton area. When we do, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as acquiring financing, completing the home inspection, and a clear title.
When turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property. The amount is typically applied to the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer – it's pretty 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, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing limits. And at the end of the day, we'll create a deal that works well for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take very long at all, but you need to stay in close contact with your mortgage 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 supply you with a Loan Estimate (LE) detailing 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 receiving your loan application.
The estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a precise range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then we'll close on your home. This will most often take place at a title company or escrow office and will most likely be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to contact me at 8283213101 or e-mail me at .