Are you looking to purchase a new home in Cary? RE/MAX Performance can help.

With a little up-front planning, purchasing a home isn't very confusing, but the event intimidates many people. I like to provide buyers with an overview of the entire deal so they know exactly what they can expect. Below are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Get ready to purchase a home
There are many things you should do before commencing your home search. When you start your search, you'll want to make a check list of items you need, plan for what neighborhoods and school districts you want to live in, and begin planning your budget. A good principle to follow is that your mortgage payment should be less than or close to a third of your monthly income.

Step 2 – Speak with a real estate agent
This is where RE/MAX Performance can help. We'll plan a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Cary area.

I'll also help you facilitate the loan process. There are some great mortgage professionals in Cary, and I partner with a lot of them, so you'll be in great hands. They'll assist you in figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Start house-hunting
Following our first meeting, I'll start looking for available homes on the market that best suit you. I'll get a sneak peek of many of the houses and eliminate the bad ones, and then we'll set up appointments to view the homes when it's convenient for you.

When we tour the houses, I'll identify good features and bad ones. And I'll ask you to talk about things you like and don't like. It's common for buyers to amend their list of must-haves as we tour houses and some things become far more crucial than others. If that happens, I'll search all the listings one more time and narrow it down to the house you've been dreaming about.

Step 4 – Get a grasp of the market
An agent's understanding of the Cary market is a fundamental component in your house search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can alert you to certain districts are "hot" and warrant immediate action and the ones that are "cold" and allow for more consideration.

As we tour houses, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask plenty of questions. Any REALTOR in Cary will claim to know the home market. If things don't add up, call me at (919) 924-4991 or e-mail me at , and I'd be happy to answer any questions you might have. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the house you've been looking for
I'm positive we'll find your dream home in Cary. When we do, I'll precisely develop your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, completing the home inspection, and a clean title.

When sending in your offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property, and it's typically put towards the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer – it's extremely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll compose a deal that works well for you.

Step 7 – Secure your loan
Upon finishing the deal, you'll start working with your lender to close the loan. If you're already pre-approved, this shouldn't take long at all, but you need to keep in close contact with your lender. And I'll sort out 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) detailing closing costs from your mortgage lender within three days of receiving your application. This estimate is based on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a close range of accuracy, and I'll go over the estimate and let you know if it all looks adequate.

Then it's time to close on your home. This will most often take place at a title company or escrow office and is often a smooth and calm affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at (919) 924-4991 or e-mail me at .

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