Are you contemplating buying your new home in DuBois? Hoffer Realty Associates can help.

With some planning ahead of time, buying a home isn't all that hard, but the event intimidates a lot of people. I like to furnish buyers with a road map of the whole deal so they understand exactly what they can expect. These are my nine steps to purchasing a home. Should you have questions regarding this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase
There are plenty of things you should do prior to starting your home search. You'll want to create an index of features you need, get a feel for what neighborhoods and school districts you want to live in, and begin working on your budget. Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good principle to go by.

Step 2 – Get in touch with a real estate agent in DuBois
That's where I can help. We can arrange a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, school districts in the DuBois area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.

In addition, I'll help you start the loan process. There are some very good mortgage professionals in DuBois, and I partner with a lot of them, so you'll be in great hands. They will assist you with determining which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a house
Following our first meeting, I'll start looking for houses on the market that best suit you. I'll preview most of the houses and reject the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.

When we view the houses, I'll point out positive features and bad ones. And I'll ask you to tell us about things you like and dislike. Oftentimes, buyers amend their must-have list as we tour houses and some items become far more substantial than others. If such is the case, I'll look through the listings another time and narrow it down to the house you've been waiting for.

Step 4 – Understand the market
My understanding of the DuBois housing market is an essential element in your house search. I am informed of all the school districts and neighborhoods, and I will alert you to some neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for more analysis.

As we tour houses, I'll be sure to tell you when the list price has room for negotiation and also when I think the home is "priced to sell." When working with an agent, be careful and be sure to ask lots of questions, as every real estate agent in DuBois will convince you they comprehend the housing market. If things don't add up, contact me at (814) 371-2100 or e-mail me at , and I'll be glad to answer any questions you 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 your dream home in DuBois, and when that happens, I'll carefully develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, completing the home inspection, and a clear title.

When turning in your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property. The amount is usually put towards the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer, and it's pretty common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.

Market conditions will play a part in how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll compose a contract that's best for you.

Step 7 – Get a loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you've been pre-approved, it won't take much time at all, but you'll want to keep in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of receiving your 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 study the estimate and let you know if everything looks adequate.

Then it's time to close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and comfortable affair.

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

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