Buying or selling a home? Nantahala Real Estate Company, INC can help.
Purchasing a home is stressful for most people. However, with a bit of planning ahead of time, it isn't all that complex.
So they understand exactly what to expect, I like to give buyers an outline of the whole deal.
These are my nine steps to buying a home.
If you have questions regarding this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase
Before you begin looking for a home, there are many things you need to consider.
You'll want to form an index of items you need to have, get an idea of what school districts you'd like to live in, and start planning around your budget.
A good rule to go by is that your mortgage payment should be no more than 30 percent of your monthly income.
Step 2 – Contact 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 regarding why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Topton area, the mortgage industry, and any additional economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you facilitate the loan process.
There are some very good mortgage professionals in Topton, and I work with a lot of them, so you'll be in great hands.
They can help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
Following our first meeting, I'll start finding available homes on the market that meet your needs.
I'll get a sneak peek of many of the homes and eliminate the bad ones, and then we'll book appointments to view the houses whenever it's convenient for you.
As we view the homes, I'll show you the positive features and bad ones. I'll also ask you to point out what things you like and dislike.
Frequently, buyers change their wish list as we view houses and some items become far more crucial than others.
If that's the case, I'll search all the listings once again and trim it down to the house you've been wishing for.
Step 4 – Understand the housing market
My understanding of the Topton housing market is an essential factor in your home search. I am mindful of all the neighborhoods and schools, and I'll communicate what areas are "hot" and require prompt action and some that are "cold" and allow for more examination.
As we tour houses, I'll make sure to communicate if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be mindful and make sure you ask lots of questions. Every REALTOR will claim to understand the market.
If it doesn't seem like they know everything, just call me at 8283213101 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will help you stay a step ahead through the entire process.
Step 5 – Find the home you've been looking for
I know we'll find your dream house in Topton. When that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies. A few examples are getting financing, finishing the home inspection, and a clean title.
When we submit your offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property and is usually put towards the closing costs. If the offer is accepted, we should close on the home within 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 pretty common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a deal that works well for you.
Step 7 – Obtain your loan
Upon completion of the deal, you'll begin working with your lender to close the loan.
If you've been pre-qualified, it won't be a long process at all. But you should to stay in close contact with your mortgage lender.
And I'll manage all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of getting your application.
The estimate is based on the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if it all looks good.
Then we'll close on your home. This will probably occur at a title company or escrow office and is often a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at 8283213101 or e-mail me at .