Buying or selling a home? Hoffer Realty Associates can help.

Buying a home is an intimidating event for a lot of people, but it's not very confusing with a bit of up-front planning. I like to give buyers an overview of the entire 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, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.

Step 1 – Prepare to buy
There are a lot of things you should take into account before starting your home search. When you begin your search, you'll want to make an index of features you need to have, get a feel for what school districts and neighborhoods you'd like to live in, and start working on your budget. A good principle to follow is that your mortgage payment should be 1/3 of your net monthly income.

Step 2 – Speak with a real estate agent in DuBois
This is where Hoffer Realty Associates can help. We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, school districts in the DuBois area, the mortgage industry, and any other economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll assist you in getting started on your loan. There are some excellent mortgage professionals in DuBois, and I work with a lot of them, so you'll be in great hands. They'll assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
Following our initial meeting, I'll start looking for available houses on the market that best suit you. I'll preview many of the homes and remove the duds, and then we'll schedule appointments to view the homes when it's most convenient for you.

As we view homes, I'll point out positive features, as well as bad ones. I'll even ask you to talk about things you like and dislike. For the most part, buyers change their list of must-haves as we view houses and some things become more crucial than others. If that's the case, I'll search the listings one more time and trim it down to the house you've been wishing for.

Step 4 – Know the housing market
My awareness of the DuBois market is a fundamental component in your house search. I am informed of all the school districts and neighborhoods, and I'll communicate what neighborhoods are "hot" and demand prompt action and the ones that are "cool" and allow for thoughtful consideration.

As we view homes, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions, as every real estate agent in DuBois will tell you they understand the housing market. If things don't add up, just call me at 8143712100 or e-mail me at , and I'll be more than happy to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the house of your dreams
I'm certain we'll find the home of your dreams in the DuBois area. When that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies. A few examples are obtaining financing, finishing the inspection, and a clear title.

When we present your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property. The amount is often applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the first offer – it's widely common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing constraints. And when it's all said and done, we'll put together a contract that is best for you.

Step 7 – Get your loan
Once the contract is finalized, you'll begin working with your mortgage lender to close the loan. If you've been pre-qualified, it won't take long at all, but you need to stay in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender will need 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 taking your application. This estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks okay.

Then we'll close on your home. This will most often occur at a title company or escrow office and will probably be a smooth and comfortable occurrence.

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

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