Buying your new home in DuBois

For a lot of people, purchasing a home can be a stressful event. But with some up-front planning, it isn't that difficult. I like to give buyers an outline of the whole deal so they'll know exactly what to expect. Here are my nine steps to buying a home. If you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to buy
There are a lot of things you should take into account before commencing your home search. When you start your search, you'll probably want to create a list of features you want to have, get a feeling for what neighborhoods and school districts you want to live in, and begin planning your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to adhere to.

Step 2 – Connect with a real estate agent
This is where I come in. We'll set up a time to meet so we can talk about your real estate needs 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 could affect your buying decision today or in the future.

I can also assist you with getting started on your loan. Hoffer Realty Associates works with some of the best mortgage professionals in DuBois, so you're in great hands. They can assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Begin looking for a home
After our first meeting, I'll start finding available houses on the market that are a good fit for you. I'll research most of the houses and remove the duds, and then we'll book appointments to view the houses when it's most convenient for you.

As we view the homes, I'll point out good features and bad ones. And I'll ask you about things you like and don't like. It's common for buyers to amend their list of must-haves as we view houses and some features become more substantial than others. If such is the case, I'll search all the listings once more and narrow it down to the home you've been dreaming about.

Step 4 – Understand the housing market
My understanding of the DuBois housing market is an essential agent in your house search. I am informed of all the neighborhoods and schools, and I'll communicate certain areas are "hot" and demand immediate action and others that are "cold" and allow for more consideration.

When we view houses, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the home is "priced to sell." Be mindful and be sure to ask plenty of questions, as any real estate agent in DuBois will convince you they know the market. If things don't add up, contact me at (814) 371-2100 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market expertise will keep you a step above the rest throughout the entire process.

Step 5 – Find the home of your dreams
I'm confident we'll find your dream house in the DuBois area. When we do, I'll precisely create your home purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are getting financing, finishing the inspection, and a clear title.

When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's often put towards the closing costs. If the seller accepts the offer, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer – it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and go on.

Market circumstances determine how aggressively we negotiate the contract. We'll also work within your financing budget. And at the end of the day, we'll formulate a deal that is best for you.

Step 7 – Get financing
Upon finalizing the deal, you'll start working with your lender to close the loan. If you've been pre-approved, this won't take long at all. However, you need to stay in close contact with your mortgage lender. And I'll handle all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) outlining closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your loan application. The estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a strict range of accuracy. I'll examine the estimate and let you know if it all looks permissible.

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 comfortable affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to call me at (814) 371-2100 or e-mail me at .

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