Buying or selling a home? Hoffer Realty Associates can help.

Buying a home is stressful for many people. However, with a bit of planning ahead of time, it's not very difficult. So they'll know exactly what they can expect, I like to give buyers an outline of the entire deal. Here are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
There are many things you'll want to do before beginning your home search. When you start your search, you'll want to make a checklist of features you want, get a feeling for what neighborhoods and school districts you want to live in, and begin planning around your budget. A good rule of thumb to follow is that your mortgage payment should be less than 1/3 of your net monthly income.

Step 2 – Speak with a real estate agent
This is where Hoffer Realty Associates comes in. I'd like to set up a time to meet with you and speak with you regarding your real estate needs and get an idea of your plans for the future. We'll discuss neighborhoods, school districts in the DuBois area, the mortgage industry, and any additional economic factors that could affect your purchase today or in the future.

In addition, I'll help you get started on your loan. There are some great mortgage professionals in DuBois, and I partner with a lot of them, so you're in great hands. They'll help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your home search
Following our initial meeting, I'll begin looking for homes on the market that are great for you. I'll research many of the houses and reject the duds, and then we'll set up appointments to tour the homes when it's most convenient for you.

When we view the houses, I'll identify good features and bad ones. I'll even ask you to point out what things you like and don't like. Usually, buyers update their list of must-haves as we tour houses and some features become more substantial than others. If such is the case, I'll search all the listings one more time and narrow it down to the house you've been waiting for.

Step 4 – Know the market
My awareness of the DuBois home market is a crucial component in your house search. I'm acquainted with all the schools and neighborhoods, and I can communicate certain areas are "hot" and require prompt action and the ones that are "cold" and allow for careful analysis.

When we tour houses, I'll make sure to communicate when the seller's asking price has room for bargaining and when I believe the home is "priced to sell." When working with an agent, be on guard and be sure to ask plenty of questions, as every real estate agent will claim to comprehend the home 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 have. My knowledge of the market will keep you a step ahead through the entire process.

Step 5 – Find the home of your dreams
I'm confident we'll find your dream home in DuBois. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as acquiring financing, finishing the inspection, and a clean title.

When we present your offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property and is often put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of deals don't close on the initial offer. It's pretty common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to agree to 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 the state of the market. We'll also work within your budget. And when it's all said and done, we'll put together a contract that's best for you.

Step 7 – Obtain a loan
Upon completion of the deal, you'll start working with your lender to close the loan. If you're pre-approved, it shouldn't take long at all, but you need to keep in close contact with your lender. And I'll care for all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) of your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application. The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a tight range of accuracy, and I'll study the estimate and let you know if everything looks okay.

Then we'll close on your home. This will most often take place at a title company or escrow office and is often a smooth and calm event.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at (814) 371-2100 or e-mail me at .

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