Looking to purchase a new home in DuBois? Hoffer Realty Associates can help.
With some planning ahead of time, buying a home isn't too hard, but the event is intimidating for a lot of people.
So they'll understand exactly what to expect, I like to give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
If you have questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
There are many things you need to take into account before beginning your home search.
You'll most likely want to form an outline of features you want, get an idea of what school districts and neighborhoods you want to live in, and start planning your budget.
Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good guideline to follow.
Step 2 – Talk to a real estate agent in DuBois
This is where Hoffer Realty Associates comes in.
We can plan a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the DuBois area, the mortgage industry, and any other economic factors that might affect your buying decision today or in the future.
I'll also help you start the loan process.
I partner with some of DuBois's best mortgage professionals, so you're in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
Following our first meeting, I'll start looking for available houses on the market that suit your needs.
I'll get a sneak peek of many of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we view houses, I'll call attention to good features, as well as negative ones. I'll even ask you to tell us about things you like and dislike.
Most often, buyers change their wish list as we tour houses and some things become far more crucial than others.
If that happens, I'll search all the listings again and trim it down to the home of your dreams.
Step 4 – Know the housing market
My understanding of the DuBois housing market is a crucial factor in your home search. I'm mindful of all the schools and neighborhoods, and I'll alert you to what districts are "hot" and call for prompt action and some that are "cool" and allow for careful consideration.
As we view homes, I'll make sure to communicate when the seller's asking price has room for negotiation and when I know the home is "priced to sell."
When working with an agent, be mindful and be sure to ask a lot of questions. Any real estate agent will claim to truly understand the home market.
If things don't add up, call me at (814) 371-2100 or e-mail me at , and I'd be more than happy to answer your questions. My market expertise will help you stay a step ahead through the entire process.
Step 5 – Find the home of your dreams
We'll find the home of your dreams in DuBois, and when that happens, I'll precisely develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as acquiring financing, completing the inspection, and a clear title.
When we turn in your offer, you'll want to present "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property. The amount is most often applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer. It's very common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Secure financing
After the deal is finished, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, it won't be a long process 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 needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your application.
This estimate depends on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a precise range of accuracy. I'll analyze the estimate and let you know if everything looks permissible.
Then it's time to close on your home. This should take place at a title company or escrow office and will most often be a smooth and easygoing 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 (814) 371-2100 or e-mail me at .