Buying your new home in Cary with RE/MAX One Hundred
With a little up-front planning, buying a home isn't all that difficult, but the event can be stressful for many people.
So they'll understand exactly what they can expect, I'll furnish buyers with a road map of the entire deal.
These are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have about this information.
Step 1 – Get ready to purchase a home
There are several things you'll want to take into account prior to commencing your home search.
You'll want to form a check list of features you want to have, get an idea of what neighborhoods and school districts you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is around 30 percent of your monthly income is a good rule of thumb to follow.
Step 2 – Speak with a real estate agent
This is where I can help.
I'd like to book a time to get together with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Cary area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
There are some very good mortgage professionals in Cary, and I work with a lot of them, so you can rest assured that you're in great hands.
They can help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
Following our first meeting, I'll start finding available homes on the market that are a good fit for you.
I'll preview many of the houses and reject the duds, and then we'll schedule appointments to view the homes when it's convenient for you.
As we view houses, I'll identify positive features and bad ones. I'll even ask you to point out what things you like and don't like.
It's common for buyers to change their list of must-haves as we tour homes and some things become far more crucial than others.
If that's the case, I'll go back through all the listings again and narrow it down to the home you've been wishing for.
Step 4 – Understand the market
My understanding of the Cary housing market is a fundamental component in your home search. I am conscious of all the school districts and neighborhoods, and I can communicate which areas are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful analysis.
When we tour homes, I'll make sure to communicate when the seller's list price has room for bargaining and also when I trust the home is "priced to sell."
When working with an agent, be mindful and be sure to ask lots of questions. Any REALTOR in Cary will convince you they comprehend the home market.
If things don't add up, call me at 9199244991 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find the house of your dreams in the Cary area, and when we do, I'll thoroughly create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are obtaining financing, finishing the home inspection, and a clean title.
Upon presenting your purchase offer, you'll probably need to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property. The amount is typically applied to the closing costs. If the seller accepts your offer, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer. It's really common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that works well for you.
Step 7 – Obtain financing
After the contract is finished, you'll begin working with your lender to close the loan.
It won't be a long process at all if you've been pre-approved, but you'll want to keep in close contact with your lender.
And I'll look after all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your loan application.
The estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if it all looks good.
Then it's time to close on your home. This will most often happen at a title company or escrow office and will likely be a smooth and stress-free event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you call me at 9199244991 or e-mail me at .