Buying a new home in Topton
Purchasing a home intimidates a lot of people. However, with a bit of planning ahead of time, it's not that hard.
So they'll know exactly what to expect, I will furnish buyers with an overview of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have about this information.
Step 1 – Prepare to purchase a home
There are many things you need to take into account before starting your home search.
It's likely that you'll want to form a checklist of features you need, get a feel for what school districts you want to live in, and start planning around your budget.
A good rule of thumb to adhere to is that your mortgage payment should be around 1/3 of your monthly income.
Step 2 – Connect with a real estate agent in Topton
That's where I come in.
I'd be happy to plan a time to meet with you and speak with you about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, school districts in the Topton area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.
I can also help you facilitate the loan process.
There are some great mortgage professionals in Topton, 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 – Begin your home search
After our first meeting, I'll begin finding available houses on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and exclude the duds, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
As we view homes, I'll identify good features, as well as bad ones. I'll even ask you to tell us about things you like and don't like.
Usually, buyers revise their must-have list as we view houses and some items become far more crucial than others.
If such is the case, I'll search all the listings another time and trim it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
My understanding of the Topton housing market is an imperative component in your house search. I'm conscious of all the neighborhoods and schools, and I can alert you to what areas are "hot" and warrant prompt action and others that are "cool" and allow for more examination.
When we view homes, I'll make sure to communicate when the list price has room for bargaining and when I know the house is "priced to sell."
Be on guard and be sure to ask plenty of questions, as any real estate agent will convince you they understand the housing market.
If it seems like they don't know everything, just call me at 828-321-3101 or e-mail me at , and I'd be happy to answer any questions you have. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find your dream house
We'll find the house of your dreams in the Topton area, and when we do, I'll meticulously create your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.
When we send in your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is typically applied to the closing costs. If the seller accepts the offer, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or reject 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 when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Obtain financing
Once we sign the final contract, you'll begin working with your lender to close the loan.
If you're pre-approved, it shouldn't take much time at all. But you'll want to stay in close contact with your mortgage lender.
And I'll look after 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 your closing costs from your mortgage lender within three days of taking your application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most likely take place at a title company or escrow office and will probably be a smooth and relaxed event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 828-321-3101 or e-mail me at .