Buying or selling a home? Hoffer Realty Associates can help.

For many people, buying a home can be an intimidating event. But with some planning ahead of time, it isn't all that confusing. I like to furnish buyers with a road map of the whole deal so they understand exactly what to expect. 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 purchase a home
There are plenty of things you need to contemplate prior to beginning your home search. It's likely that you'll want to create a check list of items you want, get an idea of what neighborhoods you want to live in, and start working on your budget. Keeping your mortgage payment less than 30 percent of your monthly income is a good guideline to go by.

Step 2 – Get in touch with a real estate agent
That's where I come in. I'd love to set up a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the DuBois area.

I'll also help you get started on your loan. There are some great mortgage professionals in DuBois, and I work with a lot of them, so you can rest assured that you're in great hands. They can assist you in choosing which type of loan is best for you and help you get approved.

Step 3 – Start your home search
After our first meeting, I'll begin looking for houses on the market that suit your needs. I'll research many of the homes and exclude the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.

When we tour homes, I'll point out positive features and bad ones. And I'll ask you to tell us about things you like and dislike. It's pretty common for buyers to amend their wish list as we tour homes and some items become more crucial than others. If that happens, I'll search all the listings another time and trim it down to the home of your dreams.

Step 4 – Understand the market
My understanding of the DuBois housing market is an essential factor in your home search. I'm mindful of all the neighborhoods and schools, and I'll communicate which areas are "hot" and demand immediate action and the ones that are "cool" and allow for more consideration.

When we tour houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions. Every real estate agent in DuBois will tell you they comprehend the market. If things don't add up, just call me at (814) 371-2100 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find the home you've been looking for
We'll find the home of your dreams in DuBois, and when that happens, I'll meticulously create your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.

When we submit your offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is usually applied to the cost of closing. If the offer is accepted, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the beginning offer, and it's extremely common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to agree to 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 contract. We'll also work within your financing limits. And at the end of the day, we'll create a contract that is best for you.

Step 7 – Get financing
Once the deal is finished, you'll begin working with your mortgage lender to close the loan. If you've been pre-approved, it won't be a long process at all, but you'll need to stay in close contact with your mortgage lender. And I'll look after 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) of closing costs from your lender within three days of taking your loan application. This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if everything looks good.

Then we'll close on your home. This will most likely happen at a title company or escrow office and is often a smooth and pleasant occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you contact me at (814) 371-2100 or e-mail me at .

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