Buying or selling a home?

Buying a home intimidates many people. However, with a bit of planning ahead of time, it isn't very complicated. So they know exactly what to expect, I will provide buyers with an overview of the whole deal. Below are my nine steps to purchasing a home. Should you have questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase
There are several things you'll want to take into account before commencing your home search. It's likely that you'll want to create a checklist of items you want to have, plan for what neighborhoods and school districts you want to live in, and start planning around your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good principle to go by.

Step 2 – Speak with a real estate agent in DuBois
This is where I come in. I'd like to set up a time to get together with you and speak with you regarding your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts in the DuBois area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.

In addition, I'll assist you in getting started on your loan. I work with some of the best mortgage professionals in DuBois, so you'll be in great hands. They can assist you with figuring out which type of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
Following our first meeting, I'll begin looking for houses on the market that are great for you. I'll preview many of the homes and reject the duds, and then we'll set up appointments to tour the homes at a time that's convenient for you.

When we view houses, I'll show you the good features and negative ones. I'll also ask you about things you like and don't like. It's widely common for buyers to revise their list of must-haves as we tour homes and some things become far more important than others. If that's the situation, I'll go back through all the listings again and narrow it down to the house you've been waiting for.

Step 4 – Comprehend the market
My knowledge of the DuBois home market is a crucial factor in your house search. I am mindful of all the neighborhoods and school districts, and I will alert you to which neighborhoods are "hot" and demand immediate action and the ones that are "cold" and allow for cautiousness.

As we tour homes, I'll make sure to communicate when the asking price has room for bargaining and when I trust the house is "priced to sell." When working with an agent, be on guard and be sure to ask lots of questions, as every REALTOR will claim to comprehend the housing market. If it appears they don't know everything, just call me at (814) 371-2100 or e-mail me at , and I'd be more than happy to answer your questions. My knowledge of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
We'll find the house of your dreams 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 a lot of contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clean title.

When we turn in your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property. The amount is most often applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the first offer, and it's pretty common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the deal depends on market circumstances. We'll also work within your financing budget. And at the end of the day, we'll assemble a deal that's best for you.

Step 7 – Obtain your loan
Upon finalizing the contract, you'll start working with your lender to close the loan. This won't take long at all if you're pre-qualified, but you should to stay in close contact with your mortgage lender. And I'll handle all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of accepting your loan application. The estimate rests on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks all right.

Then we'll close on your home. This should take place at a title company or escrow office and will most often be a smooth and hassle-free affair.

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

Looking to Buy?

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