Contemplating purchasing your new home in DuBois?

For many people, buying a home can be a stressful event. However, with a little planning ahead of time, it's not too complicated. So they know exactly what to expect, I will give buyers an outline of the whole deal. Here are my nine steps to buying a home. Should 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 – Prepare to purchase
Prior to beginning your home search, there are plenty of things you need to consider. When you begin your search, you'll probably want to form a check list of features you need, get a feel for what neighborhoods you'd like to live in, and start planning your budget. A good principle to follow is that your mortgage payment should be 30 percent of your monthly income.

Step 2 – Get in touch with a real estate agent
This is where I come in. I'd like to plan a time to get together with you and talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss 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 start the loan process. There are some very good mortgage professionals in DuBois, and I partner with a lot of them, 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 approved.

Step 3 – Start house-hunting
After our initial meeting, I'll start searching for available houses on the market that suit your needs. I'll get a sneak peek of many of the homes and exclude the bad ones, and then we'll schedule appointments to view the homes when it's convenient for you.

When we view homes, I'll point out positive features and bad ones. I'll also ask you to point out what things you like and dislike. Most often, buyers update their list of must-haves as we view homes and some things become far more important than others. If that happens, I'll look through all the listings again and narrow it down to the home you've been dreaming about.

Step 4 – Comprehend the housing market
My awareness of the DuBois housing market is a leading element in your home search. I am acquainted with all the neighborhoods and school districts, and I'll let you know certain neighborhoods are "hot" and call for immediate action and others that are "cold" and allow for thoughtful examination.

As we view houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions. Any REALTOR will convince you they understand the home market. If it seems like they don't know everything, call me at (814) 371-2100 or e-mail me at , and I'd be happy to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the house you've been waiting for
I'm sure we'll find your dream house in DuBois. When that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies. A few examples are obtaining financing, carrying out the inspection, and a clear title.

Upon turning in your offer, most likely you'll want to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property, and it's most often put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days afterward. 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 really common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing limits. And at the end of the day, we'll put together a deal that is best for you.

Step 7 – Obtain a loan
After we sign the final contract, you'll start working with your lender to close the loan. This shouldn't take much time at all if you're already pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of receiving your application. The estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a narrow range of accuracy, and I'll analyze the estimate and let you know if it all looks good.

Then it's time to close on your house. This will likely occur at a title company or escrow office and is often a smooth and easygoing event.

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

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