Are you looking to purchase your home in Topton? Nantahala Real Estate Company, INC can help.
For a lot of people, buying a home can be an intimidating event. But with a bit of planning ahead of time, it's not very hard.
I like to furnish buyers with an overview of the entire deal so they'll know exactly what to expect.
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 address questions you have regarding this information.
Step 1 – Get ready to buy a home
Prior to beginning your home search, there are many things you need to contemplate.
When you begin your search, you'll probably want to make an outline of features you want to have, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good principle to follow.
Step 2 – Contact a real estate agent
This is where I can help.
We can plan a time to meet 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 the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Topton area.
In addition, I'll assist you with getting started on your loan.
I work with some of the finest mortgage professionals in Topton, so you'll be in great hands.
They will assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
After our first meeting, I'll start looking for homes on the market that best suit you.
I'll get a sneak peek of most of the houses and ignore the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.
As we view homes, I'll show you the good features and bad ones. And I'll ask you to tell us about things you like and don't like.
As a rule, buyers revise their wish list as we view houses and some features become far more necessary than others.
If that's the situation, I'll search the listings once more and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the market
An agent's knowledge of the Topton home market is a necessary agent in your home search. And I assure you I'm acquainted with all the schools and neighborhoods, and I'll alert you to which areas are "hot" and require prompt action and others that are "cold" and allow for careful consideration.
As we tour houses, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions, as any REALTOR will claim to understand the market.
If things don't add up, contact me at 828-321-3101 or e-mail me at , and I'll be more than happy to answer any questions you may have. My knowledge of the market will help you stay a step ahead through the entire process.
Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in the Topton area, and when that happens, I'll carefully create your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, completing the home inspection, and a clear title.
When we turn in your offer, you'll likely need to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer – it's widely common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and go on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing constraints. And when it's all said and done, we'll compose a contract that works well for you.
Step 7 – Obtain your loan
Upon signing the deal, you'll start working with your mortgage lender to close the loan.
This won't take long at all if you're pre-approved, but you should to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of receiving your loan application.
This estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will probably occur at a title company or escrow office and is often a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you contact me at 828-321-3101 or e-mail me at .