Purchasing a home in Cary

Buying a home is an intimidating event for most people, but it's not too hard with a bit of planning ahead of time. I like to supply buyers with an overview of the whole deal so they understand exactly what to expect. Here are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Prepare to buy
There are many things you need to consider prior to beginning your home search. You'll want to assemble an index of items you want, get an idea of what school districts you want to live in, and begin planning your budget. A good guideline to follow is that your mortgage payment should be less than a third of your net monthly income.

Step 2 – Speak with a real estate agent in Cary
This is where RE/MAX Performance can help. I'd like to book a time to meet with you and communicate with you about why you want to buy a home and get an idea of your future plans. We'll talk about neighborhoods, schools in the Cary area, the mortgage industry, and any other economic factors that could affect your buying decision today or in the future.

I can also help you start the loan process. RE/MAX Performance works with some of the finest mortgage professionals in Cary, so you'll be in great hands. They'll assist you in figuring out which type of loan is best for you and help you get qualified.

Step 3 – Begin looking for a house
Following our initial meeting, I'll begin looking for homes on the market that are a great fit for you. I'll research most of the homes and throw out the duds, and then we'll schedule appointments to view the homes whenever it's most convenient for you.

When we view homes, I'll call attention to good features and bad ones. I'll also ask you to tell us about things you like and don't like. It's widely common for buyers to revise their list of must-haves as we tour homes and some features become more important than others. If such is the case, I'll look through the listings again and trim it down to the house you've been wishing for.

Step 4 – Comprehend the housing market
My understanding of the Cary housing market is a fundamental aspect in your house search. I'm acquainted with all the neighborhoods and school districts, and I'll alert you to certain areas are "hot" and warrant immediate action and others that are "cold" and allow for careful examination.

As we tour houses, I'll be sure to tell you when the seller's list price has room for bargaining and when I think the house is "priced to sell." When working with an agent, be careful and be sure to ask a lot of questions, as any REALTOR will claim to understand the housing market. If things don't add up, contact me at (919) 924-4991 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will keep you a step ahead through the entire process.

Step 5 – Find the house you've been waiting for
I'm sure we'll find the house of your dreams in Cary. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as acquiring financing, completing the inspection, and a clear title.

When we present your offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property and is usually applied to 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
A lot of deals aren't closed on the beginning offer. It's pretty common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.

The state of the market determines how aggressively we negotiate the contract. In addition, we'll work within your budget. And when it's all said and done, we'll compose a deal that's best for you.

Step 7 – Secure your loan
Upon signing the contract, you'll begin working with your mortgage lender to close the loan. It shouldn't be a long process at all if you're pre-qualified, but you'll want to stay in close contact with your mortgage lender. And I'll sort out all the property information your mortgage lender needs to close the loan.

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

Then we'll close on your home. This should occur at a title company or escrow office and will probably be a smooth and calm occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to call me at (919) 924-4991 or e-mail me at .

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