Let Hoffer Realty Associates assist you with buying a home in DuBois
With a little up-front planning, purchasing a home isn't too complex, but the event intimidates a lot of people.
So they'll know exactly what they can expect, I will give buyers an overview of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy 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 do before you start looking for a home.
It's likely that you'll want to assemble an outline of must-haves, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning your budget.
A good guideline to follow is that your mortgage payment should be less than or around a third of your net monthly income.
Step 2 – Speak with a real estate agent
This is where Hoffer Realty Associates comes in.
I'd love to schedule a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans.
We'll talk about neighborhoods, school districts in the DuBois area, the mortgage and housing industries, and any additional economic factors that could potentially affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
There are some great mortgage professionals in DuBois, and I work with a lot of them, so you're in great hands.
They can help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
After we meet, I'll start looking for available homes on the market that meet your needs.
I'll research many of the homes and eliminate the bad ones, and then we'll set up appointments to view the houses at a time that's convenient for you.
When we tour homes, I'll show you the positive features, as well as bad ones. I'll even ask you what things you like and dislike.
Most often, buyers change their wish list as we view homes and some items become far more crucial than others.
If that's the case, I'll look through the listings once again and narrow it down to the house of your dreams.
Step 4 – Understand the market
Your agent's understanding of the DuBois market is a necessary agent in your house search. And I can assure you I'm mindful of all the schools and neighborhoods, and I will alert you to certain neighborhoods are "hot" and warrant prompt action and some that are "cold" and allow for thoughtful examination.
As we view houses, I'll make sure to communicate when the seller's list price has room for bargaining and also when I think the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask lots of questions. Any REALTOR in DuBois will tell you they comprehend the market.
If things don't add up, contact me at (814) 371-2100 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
We'll find the home of your dreams in DuBois, and when that happens, I'll precisely create your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as getting financing, completing the inspection, and a clear title.
When we present your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property. The amount is typically applied to the cost of closing. If the seller accepts your offer, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the first offer. It's pretty common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market circumstances will play a vital role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll create a deal that works well for you.
Step 7 – Secure financing
Upon completing the deal, you'll start working with your lender to close the loan.
This shouldn't be a long process at all if you've been pre-qualified, but you need to keep in close contact with your mortgage lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your loan application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll review the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and should be a smooth and stress-free event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply contact me at (814) 371-2100 or e-mail me at .