Purchasing a home is intimidating for most people, but it’s less complex with some up-front planning. So you know exactly what to expect, I like to supply my buyers with a road map of the process. Below are my 9 steps to purchasing a home.
Should you have questions regarding this information or if you’re prepared to get started, simply contact me here or send e-mail to email@example.com.
Step 1 – Prepare to purchase a home
There are many things you need to contemplate before you look for a home. You’ll want to make a checklist of items you want, get a feel for what school districts you’d like to live in (if that’s important to you), and begin working on your budget. Keeping your mortgage payment less than a third of your monthly income is a good rule of thumb.
Step 2 – Contact a real estate agent, preferably a Top Producer
That’s where I can help. I can plan a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We’ll talk about neighborhoods, school districts, the mortgage industry, and any additional economic factors that could potentially affect your buying decision today or in the future.
I can also help you get started on your loan. I partner with some of the finest mortgage professionals in the East Bay, so you can rest assured that you’re in great hands. They’ll assist you in deciding which kind of loan is best for you and help you get preapproved.
Step 3 – Begin house hunting
>After our first meeting, I’ll set up a Property Alerts Program for you. This free,no-obligation program will automatically email you active listings of houses on the market that meet your unique search criteria. Then we can book appointments to tour the houses whenever it’s convenient for you. No need (or even recommendation) to wait for Open Houses.
As we tour homes, I’ll show you good features as well as less desirable ones. I’ll ask you about things you like and don’t like. It’s common for my clients to refine their list of must-haves as we tour houses. Sometimes we decide to revise the search criteria. Throughout this process, I serve as your consultant. I am not a salesman and you’ll experience no pressure from me.
Step 4 – Get a grasp of the market
My understanding of the local housing market is a fundamental aspect of your house search. I am very familiar with the schools and neighborhoods of the East Bay and I’ll share with you what neighborhoods are “hot” and require prompt action and those that are less so and allow for more leisurely consideration.
As we tour houses, I’ll make sure to communicate the rare instance when the list price has room for negotiation, but more often we will be discussing the premium over list that the current market brings to offers for houses in a given neighborhood.
When working with an agent, be careful and be sure to ask lots of questions. Any REALTOR® will try to convince you they understand the market better than anyone else. If things don’t add up, contact me at 510-996-5903 or e-mail me at firstname.lastname@example.org, and I’ll be glad to answer any questions you have. My market expertise will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you’ve been waiting for
I’m confident we’ll find your dream home and when we do, I’ll work closely with you to carefully craft your purchase offer. The offer will be custom-tailored, keeping your needs in mind. I never use a boilerplate.
Sell quickly in Berkeley with home staging and with me as your real estate agent – 5103035903 After an offer is submitted, the process can go one of several ways and I’ll make sure you fully understand & know what to expect. If the seller accepts your offer, you’ll have 3 business days to submit your Earnest Money Deposit to escrow. There’ll be several important milestones during the escrow, but we should close on the property within anywhere from 17 to 30 days.
Step 6 – Negotiate
Unfortunately many offers aren’t accepted in their original form – it’s fairly common to receive a counter offer. Don’t let this discourage you. We’ll talk over whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller’s offer and move on.
Market circumstances determine how aggressively we negotiate the contract. In addition, we’ll work within your financing budget. And at the end of all our strategizing, we’ll draft an offer that is best for you, but has a good chance of acceptance. I have an excellent track record getting my clients into contract.
Step 7 – Secure financing
Once the contract is ratified, you’ll continue working with your mortgage lender to close the loan. If you’re already pre-approved, this won’t take much time at all. But you need to stay in close contact with your mortgage lender. And I’ll sort out all the property information your lender will need.
Your lender will supply you with a Good Faith Estimate (GFE) of closing costs within three days of receiving your loan application. The estimate depends on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a close range of accuracy.
Before you know it, it will be time to sign loan docs & move toward closing your transaction. This will most likely occur at the title company or escrow office and is always an upbeat affair. My Escrow Officer will provide documentation detailing your closing costs and the amount of money you need to wire transfer in to close.
Step 9 – Move in
Success! It’s time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you call me at 510-303-5903 or send me an e-mail.
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