Are you purchasing your home in Cary?

For many people, purchasing a home can be an intimidating event. However, with a bit of up-front planning, it's not too complex. I like to provide buyers with an outline of the entire deal so they know exactly what they can expect. Here 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 happy to answer questions you have regarding this information.

Step 1 – Get ready to buy
There are many things you should take into account prior to commencing your home search. You'll want to form a checklist of items you want to have, get an idea of what school districts and neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment around a third of your net monthly income is a good rule to follow.

Step 2 – Contact a real estate agent in Cary
This is where RE/MAX Performance comes in. We can book a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and schools in the Cary area.

In addition, I'll help you start the loan process. There are some excellent mortgage professionals in Cary, and I work with a lot of them, so you'll be in great hands. They'll help you figure out which type of loan is best for you, as well as help you get approved.

Step 3 – Start house hunting
After our initial meeting, I'll start looking for available homes on the market that meet your needs. I'll preview many of the houses and eliminate the duds, and then we'll book appointments to tour the houses whenever it's most convenient for you.

When we view houses, I'll show you the good features, as well as bad ones. I'll even ask you to tell us about things you like and dislike. Most often, buyers revise their must-have list as we tour houses and some things become far more essential than others. If that's the situation, I'll go back through all the listings another time and trim it down to the home you've been wishing for.

Step 4 – Get a grasp of the housing market
My awareness of the Cary home market is a leading agent in your home search. I am familiar with all the schools and neighborhoods, and I can communicate what districts are "hot" and call for prompt action and some that are "cool" and allow for thoughtful analysis.

As we view houses, I'll let you know when the list price has room for negotiation and also when I trust the home is "priced to sell." Any real estate agent in Cary will tell you they comprehend the housing market, but keep an eye out, and make sure you ask your agent a lot of questions. If things don't add up, call me at (919) 924-4991 or e-mail me at , and I'll be more than happy to answer any questions you have. My knowledge of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
We'll find the home of your dreams in the Cary area, and when that happens, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as acquiring financing, finishing the home inspection, and a clean title.

When presenting your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property. The amount is typically put towards the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the first offer – it's very 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, present our own counter offer, or refuse the seller's offer and go on.

The state of the market will play a role in how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a contract that works well for you.

Step 7 – Secure your loan
Once the deal is complete, you'll begin working with your mortgage lender to close the loan. This won't be a long process at all if you've been pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application. This estimate rests on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll analyze the estimate and let you know if it all looks okay.

Then we'll close on your house. This will probably take place at a title company or escrow office and will likely be a smooth and comfortable affair.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply contact me at (919) 924-4991 or e-mail me at .

Looking to Buy?

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