Buying your new home in DuBois with Hoffer Realty Associates
Buying a home is intimidating for most people. However, with a bit of up-front planning, it isn't all that difficult.
So they'll know exactly what to expect, I will provide buyers with an overview of the entire 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 answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
Prior to starting your home search, there are a lot of things you should take into account.
You'll probably want to make a check list of must-haves, plan for what school districts you want to live in, and start working on your budget.
Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good guideline to adhere to.
Step 2 – Get in touch with a real estate agent
That's where I come in.
I'd love to plan a time to meet with you and talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the DuBois area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
I can also help you facilitate the loan process.
There are some excellent mortgage professionals in DuBois, and I work with a lot of them, so you can rest assured that you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Start your home search
After our first meeting, I'll begin finding homes on the market that meet your needs.
I'll preview many of the homes and reject the duds, and then we'll book appointments to view the houses when it's most convenient for you.
As we view the houses, I'll identify good features, as well as bad ones. I'll also ask you to tell us about things you like and don't like.
It's pretty common for buyers to revise their wish list as we view houses and some features become far more necessary than others.
If that's the situation, I'll search the listings once more and trim it down to the house you've been waiting for.
Step 4 – Get a grasp of the market
An agent's awareness of the DuBois market is a fundamental element in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I will alert you to which districts are "hot" and require prompt action and others that are "cool" and allow for more analysis.
As we tour houses, I'll make sure to communicate when the seller's asking price has room for bargaining and also when I think the home is "priced to sell."
Any REALTOR in DuBois will claim to truly understand the home market, but be mindful, and be sure to ask lots of questions.
If things don't add up, call me at 8143712100 or e-mail me at , and I'd be happy to answer any questions you have. My market knowledge will help you stay a step ahead through the entire process.
Step 5 – Find your dream home
We'll find your dream house in DuBois, and when that happens, I'll carefully create your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.
When presenting your offer, you'll want to submit "earnest money." This is a cash deposit made to a 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 within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the initial offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing limits. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Secure financing
Upon completion of the deal, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take much time at all. However, you'll need to stay in close contact with your lender.
And I'll sort out 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) outlining your closing costs within three days of accepting your loan 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, and RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will most often happen at a title company or escrow office and is often a smooth and pleasant event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at 8143712100 or e-mail me at .