Let Hoffer Realty Associates assist you with buying a home in DuBois
Buying a home is an intimidating event for a lot of people, but with a little up-front planning, it's not all that hard.
So they understand exactly what to expect, I'll supply buyers with a road map of the whole deal.
These are my nine steps to buying a home.
Should you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy a home
Before you commence your home search, there are a lot of things you should take into account.
When you start your search, you'll probably want to form a list of features you need, plan for what school districts and neighborhoods you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is around 1/3 of your monthly income is a good rule to adhere to.
Step 2 – Talk to a real estate agent in DuBois
That's where I can help.
We can book a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the DuBois area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
I partner with some of DuBois's finest mortgage professionals, so you'll be in great hands.
They'll help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Start house-hunting
After our initial meeting, I'll start searching for available homes on the market that are a great fit for you.
I'll get a sneak peek of many of the houses and exclude the duds, and then we'll book appointments to view the houses whenever it's convenient for you.
When we tour houses, I'll identify positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
For the most part, buyers revise their list of must-haves as we tour homes and some features become more important than others.
If that happens, I'll go back through all the listings once more and trim it down to the house you've been wishing for.
Step 4 – Understand the housing market
My understanding of the DuBois home market is a necessary element in your house search. I am acquainted with all the school districts and neighborhoods, and I will let you know certain districts are "hot" and require prompt action and others that are "cold" and allow for more analysis.
As we view homes, I'll make sure to communicate when the list price has room for negotiation and also when I trust the house is "priced to sell."
When working with an agent, be on guard and be sure to ask plenty of questions. Every real estate agent will tell you they know the housing market.
If things don't add up, call me at (814) 371-2100 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find the house of your dreams
I'm confident we'll find your dream house in the DuBois area. When that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies. A few examples are obtaining financing, finishing the inspection, and a clean title.
When submitting your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property, and it's most often applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the initial offer, and it's widely common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Get your loan
Upon finishing the deal, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this won't be a long process at all, but you'll want to stay 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 give you a Loan Estimate (LE) outlining your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your loan application.
The estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a precise range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will likely take place at a title company or escrow office and will most often be 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, just contact me at (814) 371-2100 or e-mail me at .