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

Buying a home is an intimidating event for many people, but with a bit of up-front planning, it's not that complex. I like to give buyers an overview of the whole deal so they know exactly what they can expect. These are my nine steps to purchasing a home. Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
Before you begin looking for a home, there are plenty of things you need to take into account. When you start your search, you'll probably want to create a list of features you need to have, get a feeling for what school districts and neighborhoods you'd like to live in, and start working on your budget. Ensuring your mortgage payment is less than or close to 30 percent of your monthly income is a good guideline to follow.

Step 2 – Get in touch with a real estate agent
This is where I come in. I'd be happy to plan a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the DuBois area.

I can also help you begin the loan process. Hoffer Realty Associates works with some of DuBois's best mortgage professionals, so you can rest assured that you're in great hands. They will help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start house-hunting
After we meet for the first time, I'll begin looking for available homes on the market that are good for you. I'll preview many of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.

When we view houses, I'll call attention to good features and bad ones. I'll even ask you to point out what things you like and dislike. It's common for buyers to revise their list of must-haves as we tour homes and some things become more crucial than others. If that happens, I'll search all the listings another time and trim it down to the house of your dreams.

Step 4 – Know the housing market
My awareness of the DuBois housing market is a leading component in your home search. I am acquainted with all the schools and neighborhoods, and I'll alert you to what neighborhoods are "hot" and require prompt action and some that are "cool" and allow for more consideration.

As we view homes, I'll make sure to communicate when the seller's asking price has room for bargaining and also when I believe the house is "priced to sell." Any REALTOR in DuBois will convince you they truly understand the market, but trust your instincts, and make sure you ask your agent a lot of questions. 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 have. My market knowledge will help you stay a step ahead throughout the entire deal.

Step 5 – Find the home of your dreams
We'll find your dream house in the DuBois area, and when that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clear title.

Upon submitting your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property and is typically applied to the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer – it's pretty common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

Market circumstances will play a large role in how aggressively we negotiate the deal. We'll also work within your financing constraints. And when it's all said and done, we'll create a contract that's best for you.

Step 7 – Obtain your loan
After we sign the final sales contract, you'll begin working with your lender to close the loan. If you've been pre-approved, it shouldn't be a long process at all. But you need to keep in close contact with your mortgage lender. And I'll sort out all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application. The estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if everything looks permissible.

Then we'll close on your house. This will likely occur at a title company or escrow office and will most often be a smooth and stress-free event.

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

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