Contemplating buying a home in Cary? RE/MAX Performance can help.
For many people, purchasing a home can be an intimidating event. However, with a bit of planning ahead of time, it's not that complex.
So they understand exactly what to expect, I'll provide buyers with an overview of the entire deal.
These are my nine steps to buying a home.
Should you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
Prior to beginning your home search, there are plenty of things you need to do.
You'll want to make a check list of must-have features, get a feel for what school districts you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than a third of your monthly income is a good rule of thumb to go by.
Step 2 – Talk to a real estate agent
This is where RE/MAX Performance comes in.
I'd be happy to schedule a time to get together with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and schools in the Cary area.
In addition, I'll assist you with getting started on your loan.
RE/MAX Performance partners with some of Cary's best mortgage professionals, so you'll be in great hands.
They can help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
After we meet, I'll start looking for available homes on the market that are a great fit for you.
I'll preview most of the homes and ignore the duds, and then we'll schedule appointments to view the houses whenever it's convenient for you.
As we view the houses, I'll call attention to good features, as well as negative ones. I'll even ask you to talk about things you like and don't like.
Oftentimes, buyers amend their wish list as we tour homes and some features become far more crucial than others.
If that's the case, I'll look through the listings another time and trim it down to the home of your dreams.
Step 4 – Get a grasp of the market
My understanding of the Cary home market is a fundamental factor in your house search. I am familiar with all the neighborhoods and schools, and I can communicate certain neighborhoods are "hot" and call for prompt action and some that are "cool" and allow for thoughtful examination.
As we view homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell."
Every real estate agent will tell you they know the housing market, but keep an eye out, and be sure to ask your agent lots of questions.
If it appears they don't know everything, just call me at (919) 924-4991 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market knowledge will keep you a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the Cary area, and when we do, I'll carefully create your purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.
When submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property and is usually put towards the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer – it's really common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Secure a loan
Upon signing the deal, you'll start working with your lender to close the loan.
If you're pre-approved, this won't take very long at all. But you'll need to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of receiving your application.
This estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and is often a smooth and hassle-free event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just call me at (919) 924-4991 or e-mail me at .