For many people, purchasing a home is a stressful event. But with a little up-front planning, it isn't very hard.
So you understand exactly what to expect, I like to supply my buyers with an outline of the entire deal.
Here are my nine steps to purchasing a home.
 |
 |
 |
When you're ready to get started, simply contact me here or send e-mail to evelynwheeler@sbcglobal.net. I'm happy to address any questions you have regarding this information.
|
|
|
|
|
Step 1 – Get ready to buy a home
Before you start looking for a home, there are many things you should consider.
You'll most likely want to create an index of features you need, get a feel for what neighborhoods you want to live in, and start planning your budget.
A good rule to follow is that your mortgage payment should be 1/3 of your monthly income.
Step 2 – Talk to a real estate agent in Attica
This is where Evelyn Wheeler Real Estate & Appraisals can help.
I'd be more than happy to book a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Attica area, the mortgage and housing industries, and any additional economic factors that may potentially affect your buying decision today or in the future.
I can also assist you with getting started on your loan.
Evelyn Wheeler Real Estate & Appraisals works with some of the best mortgage professionals in Attica, so you'll be in great hands.
They'll assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
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 houses and reject the bad ones, and then we'll set up appointments to tour the homes whenever it's most convenient for you.
As we tour the houses, I'll point out good features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
It's pretty common for buyers to change their must-have list as we tour homes and some features become more crucial than others.
If such is the case, I'll look through all the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Understand the housing market
Your agent's awareness of the Attica market is an imperative factor in your house search. And I assure you I'm familiar with all the neighborhoods and schools, and I can communicate certain districts are "hot" and demand prompt action and some that are "cool" and allow for thoughtful consideration.
When we view homes, I'll be sure to tell you when the list price has room for negotiation and also when I trust the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions. Every real estate agent will claim to truly know the market.
If things don't add up, contact me at 7657623230 or e-mail me at evelynwheeler@sbcglobal.net, and I'll be glad to answer any questions you may have. My understanding of the market will help you stay a step above the rest through the entire process.
Step 5 – Find your dream house
I'm positive we'll find your dream house in Attica. When that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored with your needs in mind, including some contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.
When we turn in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property and is typically applied to the closing costs. If the seller accepts your offer, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the beginning offer, and it's really common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing limits. And at the end of the day, we'll assemble a deal that's best for you.
Step 7 – Get financing
Once the contract is signed, you'll begin working with your lender to close the loan.
If you've been pre-approved, this shouldn't take very long at all. However, you'll want to keep in close contact with your lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of getting your loan application.
The estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a narrow range of accuracy. I'll examine the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will likely take place at a title company or escrow office and should 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 need anything or have any questions, just contact me at 7657623230 or send me an e-mail.
