Buying or selling a home in DuBois? Hoffer Realty Associates can help.
For most people, purchasing a home is a stressful event. But with a little up-front planning, it's not very hard.
So they understand exactly what to expect, I'll supply buyers with an overview of the entire deal.
Below 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 questions you have regarding this information.
Step 1 – Prepare to buy
Before you start your home search, there are plenty of things you'll want to consider.
You'll probably want to form an outline of items you need to have, get a feel for what school districts and neighborhoods you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than a third of your net monthly income is a good guideline to follow.
Step 2 – Contact a real estate agent
This is where I can help.
I'd be happy to arrange a time to get together with you and communicate with you about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the DuBois area.
In addition, I'll help you start the loan process.
There are some great mortgage professionals in DuBois, and I work with a lot of them, so you can rest assured that you're in great hands.
They'll assist you in figuring out which type of loan is best for you and help you get approved.
Step 3 – Start your home search
After our first meeting, I'll start searching for available houses on the market that are great for you.
I'll research many of the homes and remove the bad ones, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
When we tour the homes, I'll call attention to good features, as well as bad ones. I'll even ask you about things you like and dislike.
It's pretty common for buyers to revise their must-have list as we view houses and some features become more necessary than others.
If that's the case, I'll look through the listings another time and narrow it down to the house of your dreams.
Step 4 – Know the housing market
My understanding of the DuBois housing market is an essential aspect in your house search. I am familiar with all the schools and neighborhoods, and I will alert you to some districts are "hot" and warrant prompt action and the ones that are "cold" and allow for more consideration.
As we view houses, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask plenty of questions, as any real estate agent will tell 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 may have. My market expertise will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you've been looking for
I'm positive we'll find your dream house in DuBois. When we do, I'll meticulously create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.
When turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property. The amount is usually applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the first offer, and it's pretty common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your financing limits. And when it's all said and done, we'll assemble a deal that's best for you.
Step 7 – Get financing
Once the contract is finished, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, it won't be a long process 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 needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of your 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.
This estimate is formed from the loan amount. RESPA requirements order 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 everything looks permissible.
Then it's time to close on your house. This will most often take place at a title company or escrow office and is often a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, just contact me at 8143712100 or e-mail me at .