Let Hoffer Realty Associates help you with purchasing your home in DuBois
With some planning ahead of time, buying a home isn't all that hard, but the event is stressful for many people.
I like to supply buyers with a road map of the whole deal so they'll understand exactly what to expect.
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 address any questions you have regarding this information.
Step 1 – Get ready to purchase
There are a lot of things you need to contemplate before you start searching for a home.
You'll probably want to form a list of items you need to have, get a feel for what neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment around a third of your monthly income is a good principle to adhere to.
Step 2 – Talk to a real estate agent
That's where I can help.
We can plan 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 discuss neighborhoods, school districts in the DuBois area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
Hoffer Realty Associates works with some of the finest mortgage professionals in DuBois, so you're in great hands.
They can assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Start your search
After our first meeting, I'll begin looking for available homes on the market that meet your needs.
I'll preview most of the homes and eliminate the bad ones, and then we'll set up appointments to view the homes at a time that's convenient for you.
As we view homes, I'll show you the positive features, as well as bad ones. I'll even ask you to talk about things you like and dislike.
It's common for buyers to revise their wish list as we tour houses and some items become far more necessary than others.
If that's the situation, I'll look through all the listings again and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
Your agent's understanding of the DuBois housing market is an essential component in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I will let you know certain districts are "hot" and warrant immediate action and others that are "cool" and allow for careful consideration.
When we tour houses, I'll be sure to tell you when the seller's list price has room for negotiation and when I trust the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions. Any real estate agent in DuBois will tell you they truly know the housing market.
If it seems like they don't know everything, just call me at 8143712100 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in the DuBois area, and when that happens, I'll precisely create your purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are acquiring financing, finishing the inspection, and a clean title.
Upon presenting your offer, most likely you'll need to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's most often applied to the cost of closing. If the offer is accepted, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's extremely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Secure financing
Upon completion of the deal, you'll begin working with your lender to close the loan.
If you're pre-qualified, it shouldn't be a long process at all, but you should to stay in close contact with your lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your loan application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a precise range of accuracy, and I'll study the estimate and let you know if everything looks permissible.
Then we'll close on your house. This will probably take place at a title company or escrow office and should be a smooth and relaxed occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just call me at 8143712100 or e-mail me at .