Purchasing a home in Topton with Nantahala Real Estate Company, INC
For most people, purchasing a home can be a stressful event. However, with a bit of planning ahead of time, it isn't very complicated.
I like to give buyers a road map of the whole deal so they'll know exactly what they can expect.
Below are my nine steps to purchasing a home.
If you have questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
There are many things you'll want to do prior to starting your home search.
When you start your search, you'll want to form a list of features you need, get a plan of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than 30 percent of your monthly income is a good guideline to adhere to.
Step 2 – Connect with a real estate agent in Topton
This is where I can help.
I'd like to book a time to meet with you and speak with you regarding your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, schools in the Topton area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
Nantahala Real Estate Company, INC partners with some of the best mortgage professionals in Topton, so you'll be in great hands.
They will assist you with determining which type of loan is best for you and help you get approved.
Step 3 – Start your home search
After our initial meeting, I'll start searching for homes on the market that are good for you.
I'll preview many of the houses and throw out the bad ones, and then we'll book appointments to tour the homes when it's most convenient for you.
As we view houses, I'll identify positive features, as well as bad ones. I'll also ask you to point out what things you like and don't like.
Oftentimes, buyers update their must-have list as we tour homes and some features become far more essential than others.
If such is the case, I'll search the listings once more and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
Your agent's awareness of the Topton housing market is an imperative component in your house search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I can let you know which neighborhoods are "hot" and call for prompt action and some that are "cool" and allow for careful consideration.
When we tour houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell."
Any real estate agent in Topton will tell you they truly understand the housing market, but be on guard, and make sure you ask your agent a lot of questions.
If it appears they don't know everything, call me at 8283213101 or e-mail me at , and I'd be glad to answer any questions you might have. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Topton area, and 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.
Upon presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property, and it's typically applied to the closing costs. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the initial offer. It's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a vital role in how aggressively we negotiate the deal.
We'll also work within your budget. And at the end of the day, we'll formulate a contract that's best for you.
Step 7 – Secure a loan
Upon finalizing the contract, you'll start working with your lender to close the loan.
If you're already pre-approved, it shouldn't be a long process 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
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of receiving your loan application.
This estimate is formed from the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy. I'll study the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will most likely happen at a title company or escrow office and will probably be a smooth and calm event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you contact me at 8283213101 or e-mail me at .