Contemplating buying your home in Cary? RE/MAX Performance can help.
Buying a home is stressful for a lot of people, but with a bit of up-front planning, it's not all that confusing.
So they'll know exactly what they can expect, I will give buyers an outline of the whole deal.
These are my nine steps to purchasing a home.
If you have questions regarding 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 buy a home
There are many things you'll want to contemplate prior to commencing your home search.
When you begin your search, you'll want to assemble an outline of items 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 to adhere to is that your mortgage payment should be close to a third of your net monthly income.
Step 2 – Communicate with a real estate agent in Cary
This is where I can help.
I'd love to book a time to get together with you and speak with you regarding 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 could potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Cary area.
I'll also assist you in getting started on your loan.
RE/MAX Performance works with some of Cary's best mortgage professionals, so you can rest assured that you're in great hands.
They will assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet for the first time, I'll start finding houses on the market that are great for you.
I'll get a sneak peek of most of the homes and throw out the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.
When we tour homes, I'll call attention to positive features and negative ones. I'll even ask you to talk about things you like and don't like.
It's pretty common for buyers to amend their wish list as we view homes and some things become far more essential than others.
If such is the case, I'll search all the listings again and narrow it down to the house of your dreams.
Step 4 – Understand the market
My knowledge of the Cary housing market is a crucial aspect in your home search. I am conscious of all the school districts and neighborhoods, and I can communicate which districts are "hot" and require immediate action and others that are "cold" and allow for more examination.
As we view homes, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions, as any real estate agent in Cary will tell you they truly understand the market.
If it seems like they don't know everything, call me at (919) 924-4991 or e-mail me at , and I'll be glad to answer your questions. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream home
I'm sure we'll find the house of your dreams in Cary. When that happens, I'll meticulously create your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are acquiring financing, finishing the inspection, and a clear title.
When turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property and is typically applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market conditions will play a big part in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Obtain financing
Upon completion of the contract, you'll begin working with your lender to close the loan.
If you're pre-approved, this shouldn't take long at all. But you'll want to keep in close contact with your lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) detailing closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your application.
This estimate rests on the loan amount. RESPA requirements mandate that it has to involve 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 okay.
Then we'll close on your home. This will probably take place at a title company or escrow office and will likely be a smooth and relaxed event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just call me at (919) 924-4991 or e-mail me at .