Are you purchasing your new home in DuBois? Hoffer Realty Associates can help.

Purchasing a home is an intimidating event for many people, but with a bit of up-front planning, it isn't too complex. I like to furnish buyers with an outline of the entire deal so they'll understand exactly what to expect. These are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address questions you have regarding this information.

Step 1 – Get ready to buy a home
There are several things you need to take into account prior to starting your home search. You'll want to create a list of features you need, get an idea of what school districts you want to live in, and begin planning your budget. A good rule to follow is that your mortgage payment should be around 1/3 of your net monthly income.

Step 2 – Connect with a real estate agent
This is where I come in. I'd love to set up a time to get together with you and communicate with you about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the DuBois area.

In addition, I'll help you facilitate the loan process. I partner with some of DuBois's finest mortgage professionals, so you're in great hands. They will help you decide which type of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a house
After we meet, I'll start searching for houses on the market that best suit you. I'll preview many of the houses and ignore the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.

When we view houses, I'll show you the positive features and bad ones. I'll also ask you to tell us about things you like and don't like. It's pretty common for buyers to change their list of must-haves as we tour homes and some items become far more important than others. If such is the case, I'll look through all the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Comprehend the market
My knowledge of the DuBois market is a leading aspect in your home search. I am informed of all the neighborhoods and school districts, and I will communicate what neighborhoods are "hot" and call for prompt action and some that are "cold" and allow for thoughtful analysis.

When we view houses, I'll be sure to tell you when the list price has room for bargaining and when I believe the house is "priced to sell." Every real estate agent in DuBois will tell you they truly understand the housing market, but be careful, and make sure you ask your agent plenty of questions. If it appears they don't know everything, call me at 8143712100 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will help you stay a step above the rest through the entire process.

Step 5 – Find the home you've been looking for
I'm sure we'll find your dream home in DuBois. When that happens, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are obtaining financing, finishing the home inspection, and a clear title.

When presenting your offer, you'll want to present "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property, and it's usually put towards the closing costs. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the first offer – it's pretty common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

The state of the market will play a big part in how aggressively we negotiate the deal. In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a deal that is best for you.

Step 7 – Secure financing
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, this won't take much time at all, but you need to stay in close contact with your lender. And I'll care for all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a tight range of accuracy. I'll go over the estimate and let you know if everything looks adequate.

Then we'll close on your home. This will most often happen at a title company or escrow office and will most often be a smooth and easygoing event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at 8143712100 or e-mail me at .

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