Buying or selling a home in DuBois?
With some up-front planning, buying a home isn't too complex, but the event is intimidating for a lot of people.
So they know exactly what to expect, I will supply buyers with a road map of the whole deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to address questions you have about this information.
Step 1 – Get ready to purchase
Before you begin your home search, there are many things you'll want to contemplate.
When you start your search, you'll want to make an index of features you need to have, plan for what school districts and neighborhoods you want to live in, and start planning around your budget.
Ensuring your mortgage payment is around 30 percent of your monthly income is a good guideline to go by.
Step 2 – Get in touch with a real estate agent in DuBois
That's where I come in.
We can set up a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the DuBois area.
In addition, I'll assist you in getting started on your loan.
Hoffer Realty Associates partners with some of DuBois's best mortgage professionals, so you'll be in great hands.
They can assist you in figuring out which kind of loan is best for you and help you get approved.
Step 3 – Begin looking for a house
After we meet for the first time, I'll begin finding houses on the market that are a great fit for you.
I'll research many of the houses and throw out the duds, and then we'll set up appointments to tour the houses whenever it's convenient for you.
As we view houses, I'll identify good features, as well as negative ones. I'll even ask you to talk about things you like and dislike.
It's common for buyers to amend their wish list as we tour homes and some features become more crucial than others.
If that's the case, I'll look through all the listings again and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
My knowledge of the DuBois home market is a necessary element in your home search. I'm conscious of all the neighborhoods and schools, and I'll alert you to some neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for careful examination.
When we view homes, I'll let you know if the asking price has room for negotiation or if I believe the home is "priced to sell."
Every real estate agent in DuBois will tell you they truly know the housing market, but keep an eye out, and be sure to ask a lot of questions.
If it seems like they don't know everything, just call me at 8143712100 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will keep you a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
I'm confident we'll find the house of your dreams in DuBois. When that happens, I'll precisely create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.
When we send in your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property. The amount is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer, and it's widely common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Get a loan
After we sign the final contract, you'll start working with your lender to close the loan.
It shouldn't be a long process at all if you're already pre-qualified, but you'll need to stay in close contact with your mortgage lender.
And I'll look after all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a close range of accuracy, and I'll examine the estimate and let you know if everything looks okay.
Then we'll close on your house. This should happen at a title company or escrow office and will most likely be a smooth and stress-free occurrence.
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 8143712100 or e-mail me at .