Let Hoffer Realty Associates assist you with buying a new home in DuBois
Buying a home can be stressful for a lot of people, but with a bit of planning ahead of time, it isn't very hard.
I like to furnish buyers with an overview of the entire deal so they know exactly what they can expect.
Below 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 questions you have about this information.
Step 1 – Prepare to buy
There are many things you should take into account prior to commencing your home search.
When you start your search, you'll probably want to make a checklist of features you need to have, get a plan of what neighborhoods and school districts you'd like to live in, and begin working on your budget.
A good rule of thumb to follow is that your mortgage payment should be 1/3 of your net monthly income.
Step 2 – Contact 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 future plans.
We'll talk about everything from neighborhoods, school districts in the DuBois area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.
I can also help you facilitate 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'll help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After we meet, I'll begin searching for homes on the market that suit your needs.
I'll preview many of the homes and throw out the duds, and then we'll book appointments to tour the houses whenever it's most convenient for you.
As we tour houses, I'll call attention to good features and bad ones. And I'll ask you to tell us about things you like and dislike.
It's widely common for buyers to amend their wish list as we tour homes and some items become more crucial than others.
If that happens, I'll look through the listings once more and narrow it down to the home of your dreams.
Step 4 – Comprehend the market
My knowledge of the DuBois market is an essential element in your home search. I am informed of all the neighborhoods and school districts, and I will communicate what neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for careful consideration.
When we view homes, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
Any REALTOR will convince you they understand the home market, but beware, 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'll be happy to answer any questions you might have. My market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the DuBois area, and when we do, I'll carefully develop your purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, completing the inspection, and a clear title.
When we submit your offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property. The amount is most often applied to the cost of closing. If the seller accepts the offer, we should close on the property within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer, and it's very common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or reject 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 compose a contract that works well for you.
Step 7 – Obtain a loan
Once the contract is finalized, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take long at all, but you should to keep in close contact with your 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 lender will send you a Loan Estimate (LE) outlining closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your loan application.
This estimate rests on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a narrow range of accuracy. I'll study the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will likely be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply call me at 8143712100 or e-mail me at .