Buying or selling a home? RE/MAX Performance can help.

Purchasing a home is a stressful event for a lot of people, but with a little planning ahead of time, it's not all that complex. So they'll understand exactly what to expect, I'll give buyers a road map of the whole deal. These are my nine steps to purchasing a home. If you have any questions about any of this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to buy
Prior to starting your home search, there are several things you need to take into account. When you begin your search, you'll probably want to form an index of must-haves, get an idea of what school districts you want to live in, and start planning around your budget. Keeping your mortgage payment less than or around 1/3 of your net monthly income is a good guideline to follow.

Step 2 – Communicate with a real estate agent in Cary
That's where I can help. We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, schools in the Cary area, the mortgage and housing industries, and any other economic factors that may potentially affect your purchase today or in the future.

I can also help you start the loan process. There are some excellent mortgage professionals in Cary, and I partner with a lot of them, so you're in great hands. They will help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your search
After we meet for the first time, I'll begin looking for available homes on the market that are great for you. I'll get a sneak peek of most of the houses and reject the bad ones, and then we'll set up appointments to view the homes when it's most convenient for you.

As we view homes, I'll point out good features, as well as bad ones. I'll even ask you to tell us about things you like and dislike. It's common for buyers to revise their must-have list as we view homes and some features become more crucial than others. If that's the case, I'll search the listings another time and narrow it down to the home of your dreams.

Step 4 – Get a grasp of the market
My knowledge of the Cary home market is a necessary aspect in your house search. I'm familiar with all the school districts and neighborhoods, and I will communicate what districts are "hot" and require prompt action and some that are "cold" and allow for thoughtful consideration.

As we tour homes, I'll make sure to communicate when the seller's asking price has room for bargaining and also when I know the house is "priced to sell." Trust your instincts and be sure to ask your agent plenty of questions, as any REALTOR in Cary will convince you they know the housing market. If things don't add up, just call me at (919) 924-4991 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find your dream house
We'll find your dream home in the Cary area, and when we do, I'll precisely develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies. A few examples are getting financing, finishing the inspection, and a clear title.

Upon presenting your offer, you'll likely need to submit "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property. The amount is most often put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.

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

Step 7 – Secure your loan
Once we sign the final deal, you'll begin working with your lender to close the loan. If you're pre-qualified, this won't be a long process at all, but you'll want to keep in close contact with your mortgage lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your loan application. The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll go over the estimate and let you know if everything looks permissible.

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

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

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