Let Hoffer Realty Associates assist you with buying your home in DuBois
For a lot of people, buying a home can be an intimidating event. However, with a bit of planning ahead of time, it isn't very confusing.
So they know exactly what they can expect, I will give buyers an outline of the whole deal.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.
Step 1 – Prepare to purchase
Before you start your home search, there are plenty of things you need to take into account.
When you begin your search, you'll probably want to put together an outline of features you want, get an idea of what school districts you want to live in, and start planning around your budget.
A good rule to follow is that your mortgage payment should be less than 1/3 of your monthly income.
Step 2 – Talk to a real estate agent in DuBois
This is where I come in.
We'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, schools in the DuBois area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.
I'll also help you facilitate the loan process.
There are some very good mortgage professionals in DuBois, and I work with a lot of them, so you're in great hands.
They can assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start your home search
After our initial meeting, I'll start finding homes on the market that are a great fit for you.
I'll preview most of the homes and eliminate the duds, and then we'll set up appointments to view the houses whenever it's most convenient for you.
As we view the houses, I'll show you the good features, as well as bad ones. And I'll ask you to point out what things you like and don't like.
As a rule, buyers amend their must-have list as we tour homes and some things become more crucial than others.
If that's the situation, I'll look through all the listings once more and trim it down to the home you've been dreaming about.
Step 4 – Understand the market
My understanding of the DuBois housing market is a fundamental component in your house search. I am acquainted with all the neighborhoods and school districts, and I can alert you to some neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for thoughtful consideration.
When we tour homes, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions, as any REALTOR in DuBois will claim to truly understand the home market.
If things don't add up, just call me at 8143712100 or e-mail me at , and I'll be happy to answer any questions you have. My understanding of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
I'm confident we'll find the house of your dreams in the DuBois area. When we do, I'll carefully create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the inspection, and a clean title.
When we present your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property, and it's most often applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the initial offer, and it's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing limits. And at the end of the day, we'll create a contract that works well for you.
Step 7 – Obtain financing
Once the contract is finished, you'll start working with your lender to close the loan.
If you're already pre-approved, this shouldn't take very long at all, but you'll need to stay 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
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of accepting your application.
This estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks okay.
Then we'll close on your home. This will likely take place at a title company or escrow office and will probably 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 or have any questions, make sure you call me at 8143712100 or e-mail me at .