Purchasing a home in DuBois?
Buying a home is an intimidating event for a lot of people. However, with a little planning ahead of time, it isn't all that hard.
So they'll understand exactly what to expect, I'll give buyers an overview of the entire deal.
These are my nine steps to purchasing a home.
If you have any questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
There are plenty of things you should take into account prior to starting your home search.
When you begin your search, you'll want to put together an outline of items you want, get an idea of what school districts you'd like to live in, and start planning around your budget.
A good rule of thumb to adhere to is that your mortgage payment should be close to 30 percent of your net monthly income.
Step 2 – Talk to a real estate agent
That's where I come in.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage and housing industries, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and schools in the DuBois area.
In addition, I'll assist you in getting started on your loan.
There are some great mortgage professionals in DuBois, and I partner with a lot of them, so you can rest assured that you're in great hands.
They will assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin your search
After our first meeting, I'll start searching for houses on the market that are good for you.
I'll get a sneak peek of many of the houses and eliminate the duds, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
When we tour the homes, I'll point out good features and negative ones. I'll also ask you to talk about things you like and don't like.
As a rule, buyers change their list of must-haves as we view houses and some items become far more crucial than others.
If such is the case, I'll go back through all the listings once more and trim it down to the house you've been wishing for.
Step 4 – Understand the housing market
My understanding of the DuBois housing market is an imperative element in your house search. I am acquainted with all the neighborhoods and school districts, and I can communicate some areas are "hot" and require prompt action and others that are "cool" and allow for more consideration.
As we tour houses, I'll be sure to tell you when the seller's list price has room for bargaining and also when I know the home is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Every REALTOR in DuBois will claim to comprehend the market.
If things don't add up, contact me at 8143712100 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
I know we'll find the home of your dreams in DuBois. When that happens, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, carrying out the inspection, and a clean title.
When we send in your offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's typically applied to the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the initial offer – it's very common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your budget. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Secure financing
After the contract is signed, you'll start working with your lender to close the loan.
This shouldn't take very long at all if you're pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) detailing your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your loan application.
This estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most often take place at a title company or escrow office and will most often be a smooth and relaxed occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 8143712100 or e-mail me at .