Buying or selling a home?

Buying a home intimidates many people, but it isn't all that confusing with some up-front planning. I like to supply buyers with an overview of the whole deal so they understand exactly what they can expect. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have about this information.

Step 1 – Prepare to purchase a home
There are several things you should contemplate prior to starting your home search. You'll want to create a check list of must-haves, plan for what neighborhoods you want to live in, and begin planning your budget. Keeping your mortgage payment less than a third of your monthly income is a good principle to adhere to.

Step 2 – Communicate with a real estate agent
This is where Hoffer Realty Associates can help. I'd be happy to arrange a time to get together with you and communicate with you regarding your real estate needs and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the DuBois area.

I can also help you facilitate the loan process. Hoffer Realty Associates works with some of the finest mortgage professionals in DuBois, so you're in great hands. They can assist you with deciding which type of loan is best for you and help you get approved.

Step 3 – Begin looking for a house
Following our first meeting, I'll begin searching for available houses on the market that are great for you. I'll get a sneak peek of most of the houses and reject the duds, and then we'll schedule appointments to view the homes whenever it's most convenient for you.

As we tour the homes, I'll identify good features and bad ones. And I'll ask you to talk about things you like and dislike. It's pretty common for buyers to revise their list of must-haves as we tour houses and some things become more necessary than others. If that happens, I'll search the listings again and trim it down to the house you've been wishing for.

Step 4 – Understand the market
My knowledge of the DuBois market is an essential agent in your house search. I'm acquainted with all the neighborhoods and school districts, and I can communicate certain areas are "hot" and require immediate action and some that are "cool" and allow for cautiousness.

When we view homes, I'll make sure to communicate when the asking price has room for negotiation and when I trust the home is "priced to sell." Be careful and be sure to ask a lot of questions, as any real estate agent in DuBois will convince you they know the home market. If things don't add up, just call me at 8143712100 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
I'm positive we'll find the house of your dreams in the DuBois area. When we do, I'll precisely develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as acquiring financing, completing the inspection, and a clean title.

When presenting your offer, you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property. The amount is typically put towards the cost of closing. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer – it's widely common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market circumstances will play a large role in how aggressively we negotiate the contract. We'll also work within your budget. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Secure financing
After the deal is signed, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, it shouldn't take very long at all, but you'll need to keep in close contact with your lender. And I'll handle all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of taking your loan application. This estimate is based 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 analyze the estimate and let you know if it all looks good.

Then we'll close on your house. This will most likely happen at a title company or escrow office and will probably be a smooth and calm affair.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply call me at 8143712100 or e-mail me at .

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