Looking to buy your home in DuBois? Hoffer Realty Associates can help.
Purchasing a home intimidates most people, but with a bit of up-front planning, it's not very hard.
So they'll understand exactly what to expect, I will furnish buyers with an overview of the entire deal.
Below 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 glad to answer any questions you have about this information.
Step 1 – Get ready to buy a home
Before you commence your home search, there are several things you should consider.
It's likely that you'll want to create a list of items you need to have, get a feeling for what neighborhoods and school districts you want to live in, and start planning around your budget.
Ensuring your mortgage payment is no more than 1/3 of your net monthly income is a good rule to go by.
Step 2 – Talk to a real estate agent
That's where I come in.
We can plan a time to get together so we can 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 could affect your purchase today or in the future, as well as neighborhoods and school districts in the DuBois area.
I can also help you facilitate the loan process.
Hoffer Realty Associates works with some of the finest mortgage professionals in DuBois, 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 – Begin house hunting
After our first meeting, I'll begin looking for houses on the market that suit your needs.
I'll research most of the houses and throw out the duds, and then we'll set up appointments to view the homes when it's convenient for you.
As we view houses, I'll point out positive features and negative ones. And I'll ask you to tell us about things you like and don't like.
Frequently, buyers change their wish list as we view houses and some items become more important than others.
If that happens, I'll look through the listings once more and trim it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
My awareness of the DuBois home market is an imperative component in your home search. I am mindful of all the school districts and neighborhoods, and I can alert you to some districts are "hot" and call for prompt action and some that are "cool" and allow for more examination.
When we view homes, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions, as any REALTOR will claim to comprehend the market.
If it doesn't seem like they know everything, call me at (814) 371-2100 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream house in the DuBois area, and when that happens, I'll thoroughly create your home purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.
When we send in your offer, most likely you'll want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property and is usually put towards the closing costs. If your offer is accepted by the seller, we should close about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's very common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
The state of the market will play a big part in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Get your loan
Once the contract is complete, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, this shouldn't take long at all. But you should to keep in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) detailing your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your application.
The estimate depends on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if it all looks adequate.
Then we'll close on your home. This should happen at a title company or escrow office and will most often be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at (814) 371-2100 or e-mail me at .