Let Hoffer Realty Associates help you with purchasing a home in DuBois
Buying a home can be stressful for many people, but it isn't all that hard with a little planning ahead of time.
I like to supply buyers with an outline of the entire deal so they'll understand exactly what to expect.
Here are my nine steps to purchasing 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 regarding this information.
Step 1 – Get ready to buy
Before you start searching for a home, there are plenty of things you need to take into account.
When you start your search, you'll want to form an index of features you need to have, get a feel for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
A good rule of thumb to go by is that your mortgage payment should be less than a third of your net monthly income.
Step 2 – Get in touch with a real estate agent in DuBois
That's where I come in.
We'll schedule a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the DuBois area.
In addition, I'll help you facilitate the loan process.
There are some excellent mortgage professionals in DuBois, and I partner with a lot of them, so you'll be in great hands.
They will assist you with deciding which type of loan is best for you and help you get approved.
Step 3 – Begin house hunting
After we meet for the first time, I'll begin finding houses on the market that suit your needs.
I'll research most 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 tour homes, I'll identify good features and bad ones. And I'll ask you about things you like and dislike.
Frequently, buyers amend their list of must-haves as we view homes and some items become more necessary than others.
If that's the case, I'll search all the listings once more and narrow it down to the house you've been waiting for.
Step 4 – Understand the housing market
My understanding of the DuBois home market is an essential aspect in your house search. I'm informed of all the schools and neighborhoods, and I can communicate certain areas are "hot" and call for immediate action and some that are "cold" and allow for more analysis.
As we view houses, I'll make sure to communicate if the list price has room for negotiation or if I believe the house is "priced to sell."
Be mindful and be sure to ask your agent plenty of questions, as every REALTOR in DuBois will convince you they know the market.
If things don't add up, call me at (814) 371-2100 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the home of your dreams
I'm positive we'll find the home of your dreams in DuBois. When we do, I'll carefully develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, completing the inspection, and a clear title.
Upon presenting your offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property. The amount is usually applied to the closing costs. If the offer is accepted, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer, and it's extremely common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your budget. And at the end of the day, we'll assemble a deal that's best for you.
Step 7 – Secure your loan
Upon completing the contract, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't take long at all. However, you should to keep in close contact with your 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) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your application.
This estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will most likely occur at a title company or escrow office and is often a smooth and pleasant event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to contact me at (814) 371-2100 or e-mail me at .