Buying a new home in DuBois
Purchasing a home is a stressful event for a lot of people, but with some up-front planning, it's not too complex.
So they know exactly what they can expect, I'll provide buyers with an outline 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 any questions you have about this information.
Step 1 – Get ready to purchase
There are plenty of things you should consider before you start looking for a home.
When you begin your search, you'll probably want to create an index of features you want to have, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good principle to follow.
Step 2 – Speak with a real estate agent in DuBois
This is where I can help.
I'd love to arrange a time to meet with you and speak with you 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 industry, and any additional economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you start the loan process.
I partner with some of the best mortgage professionals in DuBois, so you can rest assured that you're in great hands.
They will help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After our first meeting, I'll start looking for houses on the market that suit your needs.
I'll research many of the homes and eliminate the bad ones, and then we'll book appointments to tour the homes whenever it's convenient for you.
When we tour the homes, I'll identify positive features, as well as negative ones. I'll even ask you to tell us about things you like and dislike.
Usually, buyers amend their wish list as we tour houses and some features become far more necessary than others.
If that's the situation, I'll look through the listings another time and trim it down to the home you've been dreaming about.
Step 4 – Know the market
Your agent's knowledge of the DuBois home market is an essential element in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I will communicate what areas are "hot" and warrant immediate action and the ones that are "cold" and allow for thoughtful consideration.
When we tour houses, I'll let you know when the asking price has room for bargaining and when I believe the home is "priced to sell."
Be mindful and make sure you ask plenty of questions, as any real estate agent in DuBois will claim to truly know the housing market.
If it appears they don't know everything, contact me at 8143712100 or e-mail me at , and I'll be glad to answer any questions you have. My knowledge of the market will help you stay a step ahead through the entire process.
Step 5 – Find the home you've been waiting for
I'm certain we'll find your dream home in DuBois. When we do, I'll precisely create your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, carrying out the inspection, and a clear title.
When turning in your offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property. The amount is typically applied to the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the first offer – it's widely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll create a contract that is best for you.
Step 7 – Get a loan
Upon signing the contract, you'll start working with your lender to close the loan.
If you're pre-qualified, this won't take very long at all. However, you should to keep in close contact with your lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your application.
The estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a tight range of accuracy. I'll review the estimate and let you know if everything looks permissible.
Then it's time to close on your home. This will likely take place at a title company or escrow office and will likely be a smooth and pleasant event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply contact me at 8143712100 or e-mail me at .