Are you contemplating purchasing your home in Randleman?
Buying a home is stressful for many people. However, with a bit of planning ahead of time, it isn't that difficult.
So they know exactly what to expect, I will furnish buyers with an overview of the entire deal.
Here are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have about this information.
Step 1 – Get ready to buy
There are plenty of things you should consider before you start looking for a home.
You'll probably want to put together a check list of items you want, get a feel for what school districts and neighborhoods you want to live in, and start working on your budget.
Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good rule of thumb to go by.
Step 2 – Talk to a real estate agent
This is where Connection Realty LLC comes in.
I'd love to schedule a time to get together with you and talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Randleman area, the mortgage industry, to any other economic factors that could affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
I partner with some of Randleman's finest mortgage professionals, so you're in great hands.
They can assist you with figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After we meet, I'll begin searching for homes on the market that are great for you.
I'll get a sneak peek of many of the houses and ignore the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we tour houses, I'll point out good features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
It's widely common for buyers to change their list of must-haves as we view homes and some features become far more essential than others.
If such is the case, I'll go back through the listings once more and trim it down to the home you've been waiting for.
Step 4 – Understand the housing market
My knowledge of the Randleman market is a crucial agent in your home search. I'm mindful of all the neighborhoods and schools, and I will communicate some neighborhoods are "hot" and call for prompt action and some that are "cold" and allow for thoughtful consideration.
As we view houses, I'll let you know if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
Every REALTOR in Randleman will convince you they truly know the market, but beware, and be sure to ask plenty of questions.
If it seems like they don't know everything, contact me at 336-498-1440 or e-mail me at , and I'll be happy to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream home in the Randleman area, and when that happens, I'll precisely create your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are getting financing, finishing the inspection, and a clean title.
When we present your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property and is typically put towards the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the first offer – it's very common to receive a counter offer. Don't let this discourage you. We'll consider 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 large role in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Secure a loan
Once the deal is complete, you'll start working with your lender to close the loan.
If you're pre-qualified, it won't take very long at all. However, you need to stay in close contact with your mortgage lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) outlining closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your application.
This estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will probably happen at a title company or escrow office and will most often be a smooth and pleasant 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, make sure you contact me at 336-498-1440 or e-mail me at .