Buying a home in Topton?
Purchasing a home is a stressful event for most people. However, with a bit of planning ahead of time, it isn't that complicated.
I like to give buyers a road map of the entire deal so they know exactly what they can expect.
These are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have about this information.
Step 1 – Get ready to buy
Before you start your home search, there are a lot of things you need to contemplate.
When you start your search, you'll probably want to form a check list of must-haves, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
A good guideline to adhere to is that your mortgage payment should be less than or close to 1/3 of your monthly income.
Step 2 – Connect with a real estate agent
That's where I can help.
I'd be happy to set up a time to meet with you and speak with you regarding your real estate needs and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Topton area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
I can also help you start the loan process.
Nantahala Real Estate Company, INC partners with some of Topton's finest mortgage professionals, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
Following our initial meeting, I'll begin looking for available homes on the market that are a great fit for you.
I'll preview most of the homes and exclude the duds, and then we'll book appointments to view the houses whenever it's convenient for you.
When we tour houses, I'll identify good features and negative ones. I'll even ask you to talk about things you like and don't like.
It's widely common for buyers to revise their wish list as we tour homes and some items become far more necessary than others.
If that's the situation, I'll go back through the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Comprehend the market
My knowledge of the Topton home market is an imperative factor in your home search. I am familiar with all the schools and neighborhoods, and I will let you know which districts are "hot" and warrant prompt action and the ones that are "cold" and allow for more analysis.
When we tour houses, I'll make sure to communicate when the seller's asking price has room for negotiation and also when I trust the house is "priced to sell."
Be on guard and make sure you ask a lot of questions, as every real estate agent will convince you they truly know the housing 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 your questions. My understanding of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm positive we'll find your dream home in Topton. When that happens, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
Upon presenting your offer, you'll want to submit "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property and is usually 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 ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer – it's widely common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll put together a deal that is best for you.
Step 7 – Obtain your loan
Once we sign the final deal, you'll begin working with your lender to close the loan.
If you're pre-approved, it won't take much time at all, 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 send you a Loan Estimate (LE) detailing your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application.
This estimate is based on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then we'll close on your home. This will likely occur at a title company or escrow office and will likely be a smooth and pleasant occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just contact me at 8283213101 or e-mail me at .