Buying or selling a home? RE/MAX Performance can help.
Buying a home is a stressful event for most people, but it isn't all that hard with a little up-front planning.
So they know exactly what they can expect, I will furnish buyers with a road map of the whole deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are several things you'll want to take into account prior to commencing your home search.
When you start your search, you'll probably want to make a list of features you need, get an idea of what school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good guideline to follow.
Step 2 – Communicate with a real estate agent in Cary
This is where RE/MAX Performance comes in.
We'll book a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the Cary area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
I'll also help you get started on your loan.
There are some great mortgage professionals in Cary, and I work with a lot of them, so you'll be in great hands.
They will assist you in figuring out which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
After our initial meeting, I'll start finding houses on the market that suit your needs.
I'll get a sneak peek of most of the houses and eliminate the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.
As we tour the houses, I'll point out good features, as well as negative ones. I'll also ask you about things you like and dislike.
It's common for buyers to amend their must-have list as we view houses and some items become more crucial than others.
If that's the situation, I'll search all the listings once again and trim it down to the house you've been wishing for.
Step 4 – Comprehend the housing market
My knowledge of the Cary market is an essential factor in your home search. I am informed of all the neighborhoods and school districts, and I will communicate some areas are "hot" and demand immediate action and some that are "cool" and allow for careful examination.
As we tour homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the home is "priced to sell."
Be on guard and be sure to ask your agent a lot of questions, as every real estate agent in Cary will convince you they know the home market.
If things don't add up, contact me at (919) 924-4991 or e-mail me at , and I'd be happy to answer any questions you might have. My market expertise will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find your dream house in the Cary area, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clean title.
Upon sending in your offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property. The amount is most often applied to the closing costs. If the 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 contracts aren't closed on the beginning offer, and 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, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions will play a vital role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Obtain financing
Once the contract is finished, you'll start working with your lender to close the loan.
If you're pre-approved, this won't take long at all, but you'll need 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 provide you with a Loan Estimate (LE) outlining closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your application.
The estimate rests on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if it all looks good.
Then we'll close on your house. This will most often happen at a title company or escrow office and will most likely be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at (919) 924-4991 or e-mail me at .