Are you buying a home in Cary? RE/MAX Performance can help.

Purchasing a home is a stressful event for a lot of people, but with some planning ahead of time, it isn't very complicated. I like to provide buyers with an overview of the entire deal so they know exactly what to expect. Here are my nine steps to buying a home. If you have any questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are a lot of things you'll want to contemplate prior to beginning your home search. When you begin your search, you'll want to make a list of items you need, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning around your budget. Keeping your mortgage payment less than 1/3 of your monthly income is a good rule to adhere to.

Step 2 – Communicate with a real estate agent
This is where I come in. I'd be more than happy to plan a time to meet with you and speak with you about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and school districts in the Cary area.

I'll also assist you in getting started on your loan. I partner with some of the finest mortgage professionals in Cary, so you're in great hands. They'll assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
After our first meeting, I'll start searching for available homes on the market that suit your needs. I'll research most of the homes and eliminate the duds, and then we'll book appointments to view the homes when it's convenient for you.

As we view the houses, I'll show you the positive features, as well as negative ones. And I'll ask you to tell us about things you like and don't like. Frequently, buyers revise their wish list as we view houses and some items become more crucial than others. If such is the case, I'll go back through the listings one more time and trim it down to the house you've been waiting for.

Step 4 – Comprehend the market
My understanding of the Cary market is a necessary agent in your house search. I am informed of all the school districts and neighborhoods, and I will alert you to some districts are "hot" and call for prompt action and some that are "cold" and allow for thoughtful examination.

As we tour houses, I'll make sure to communicate if the list price has room for negotiation or if I believe the home is "priced to sell." Every REALTOR will tell you they know the home market, but keep an eye out, and make sure you ask your agent a lot of questions. If it seems like they don't know everything, contact me at (919) 924-4991 or e-mail me at , and I'd be glad to answer any questions you have. My understanding of the market will keep you a step ahead through the entire deal.

Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in the Cary area, and when that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as getting financing, completing the inspection, and a clear title.

Upon turning in your offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property. The amount is usually applied to the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

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

How aggressively we negotiate the contract depends on market conditions. We'll also work within your financing limits. And at the end of the day, we'll create a contract that's best for you.

Step 7 – Get your loan
Upon completion of the deal, you'll start working with your mortgage lender to close the loan. If you've been pre-qualified, this won't take very long at all. However, you need to keep in close contact with your lender. And I'll take care of all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application. The estimate depends on the loan amount. RESPA requirements require that it has to include all closing costs and fall within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This will likely occur at a title company or escrow office and will most often be a smooth and calm 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 contact me at (919) 924-4991 or e-mail me at .

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