Let RE/MAX One Hundred assist you with buying a new home in Cary
For many people, purchasing a home is a stressful event. However, with a bit of planning ahead of time, it isn't too complicated.
I like to provide buyers with an overview of the entire deal so they understand exactly what to expect.
Below 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 any questions you have about this information.
Step 1 – Prepare to buy
Before you start searching for a home, there are a lot of things you should do.
You'll most likely want to assemble a checklist of features you need to have, get a feel for what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good rule of thumb to follow is that your mortgage payment should be around 1/3 of your net monthly income.
Step 2 – Connect with a real estate agent
This is where RE/MAX One Hundred comes in.
We can set up a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Cary area.
I can also assist you with getting started on your loan.
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 decide which type of loan is best for you, as well as help you get approved.
Step 3 – Start your home search
After our first meeting, I'll start finding available houses on the market that are a good fit for you.
I'll research most of the homes and exclude the bad ones, and then we'll set up appointments to tour the homes whenever it's most convenient for you.
When we tour the homes, I'll show you the positive features and bad ones. I'll also ask you to tell us about things you like and dislike.
It's widely common for buyers to amend their must-have list as we tour homes and some items become more important than others.
If such is the case, I'll look through all the listings another time and trim it down to the home you've been waiting for.
Step 4 – Know the housing market
My awareness of the Cary housing market is a necessary component in your home search. I am familiar with all the school districts and neighborhoods, and I'll let you know some districts are "hot" and require prompt action and some that are "cold" and allow for cautiousness.
As we tour houses, I'll make sure to communicate when the list price has room for negotiation and when I trust the home is "priced to sell."
Trust your instincts and be sure to ask your agent a lot of questions, as any real estate agent in Cary will claim to truly understand the home market.
If it doesn't seem like they know everything, just call me at 9199244991 or e-mail me at , and I'll be glad to answer any questions you might have. My market expertise will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
I know we'll find the house of your dreams in Cary. When that happens, I'll precisely create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property and is typically applied to the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer, and it's widely common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing constraints. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Get your loan
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take much time at all. However, you should to keep in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount. RESPA requirements require that it has to involve all closing costs and be within a close range of accuracy, and I'll go over the estimate and let you know if everything looks all right.
Then it's time to close on your home. This will probably happen at a title company or escrow office and will likely be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at 9199244991 or e-mail me at .