Buying a home in Cary?

Purchasing a home is a stressful event for most people. However, with a little planning ahead of time, it's not very complicated. So they understand exactly what they can expect, I'll give buyers an outline of the entire deal. Below are my nine steps to purchasing a home. Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Before you start your home search, there are several things you should do. You'll probably want to create an outline of features you need, get a feeling for what school districts you'd like to live in, and start working on your budget. A good principle to follow is that your mortgage payment should be no more than a third of your net monthly income.

Step 2 – Speak with a real estate agent in Cary
This is where I can help. We can schedule a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about neighborhoods, schools in the Cary area, the mortgage industry, and any additional economic factors that may affect your purchase today or in the future.

I'll also assist you with getting started on your loan. I work with some of Cary's finest mortgage professionals, so you'll be in great hands. They can help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a home
Following our initial meeting, I'll start finding houses on the market that are a great fit for you. I'll research many of the homes and remove the bad ones, and then we'll book appointments to view the homes at a time that's convenient for you.

When we view homes, I'll point out positive features, as well as negative ones. I'll even ask you about things you like and don't like. Most often, buyers change their list of must-haves as we view houses and some features become far more crucial than others. If that's the case, I'll look through the listings again and narrow it down to the home of your dreams.

Step 4 – Comprehend the market
An agent's awareness of the Cary market is an essential aspect in your house search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will let you know which neighborhoods are "hot" and warrant immediate action and the ones that are "cold" and allow for more analysis.

When we view houses, 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 a lot of questions. Any real estate agent in Cary will convince you they truly understand the housing market. If things don't add up, call me at (919) 924-4991 or e-mail me at , and I'd be glad to answer any questions you might have. My knowledge of the market will keep you a step ahead through the entire deal.

Step 5 – Find the house you've been waiting for
We'll find your dream house in Cary, and when we do, I'll thoroughly create your purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clean title.

When sending in your offer, you'll need to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property and is most often put towards the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals don't close on the first offer – it's extremely common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.

Market conditions will play a part in how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And when it's all said and done, we'll put together a contract that's best for you.

Step 7 – Get financing
After the deal is finished, you'll start working with your mortgage lender to close the loan. It shouldn't be a long process at all if you're already pre-qualified, but you'll want to stay in close contact with your lender. And I'll sort out all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application. The estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a precise range of accuracy, and I'll analyze the estimate and let you know if it all looks okay.

Then we'll close on your home. This will likely take place at a title company or escrow office and will most often be a smooth and stress-free occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at (919) 924-4991 or e-mail me at .

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