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

Purchasing a home is intimidating for most people, but it isn't very complicated with a bit of planning ahead of time. So they know exactly what they can expect, I'll provide buyers with an outline of the whole deal. Here are my nine steps to purchasing a home. If you have questions about this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
Before you begin your home search, there are several things you should do. It's likely that you'll want to put together a list of must-haves, get an idea of what school districts and neighborhoods you want to live in, and start working on your budget. Ensuring your mortgage payment is no more than a third of your monthly income is a good rule of thumb to follow.

Step 2 – Get in touch with a real estate agent in Cary
This is where I come in. I'd be more than happy to book a time to meet with you and talk about your real estate needs and get an idea of your future plans. We'll discuss the mortgage industry, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Cary area.

In addition, I'll help you begin the loan process. There are some very good mortgage professionals in Cary, and I partner with a lot of them, so you can rest assured that you're in great hands. They will help you decide which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking
After our first meeting, I'll begin searching for available homes on the market that suit your needs. I'll research most of the houses and eliminate the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.

When we tour the houses, I'll call attention to positive features and bad ones. I'll even ask you to tell us about things you like and dislike. Most often, buyers change their wish list as we view houses and some features become more substantial than others. If that's the case, I'll search the listings again and trim it down to the house you've been wishing for.

Step 4 – Know the market
My awareness of the Cary home market is a fundamental element in your house search. I am conscious of all the schools and neighborhoods, and I will let you know some districts are "hot" and warrant immediate action and others that are "cool" and allow for thoughtful consideration.

When we tour homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, trust your instincts and make sure you ask plenty of questions, as any REALTOR in Cary will claim to know the housing market. If things don't add up, contact me at (919) 924-4991 or e-mail me at , and I'll be happy to answer any questions you may have. My market knowledge will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
We'll find the home of your dreams in the Cary area, and when that happens, I'll meticulously develop your purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, completing the home inspection, and a clear title.

Upon submitting your offer, you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property and is often put towards the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's very common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. We'll also work within your financing budget. And when it's all said and done, we'll put together a deal that's best for you.

Step 7 – Obtain a loan
Upon completion of the deal, you'll begin working with your lender to close the loan. If you've been pre-approved, this won't take very long at all, but you'll want to keep in close contact with your lender. And I'll manage all the property information your lender needs 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 receiving your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of receiving your loan application. The estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a narrow 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 should occur at a title company or escrow office and will likely be a smooth and pleasant affair.

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

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