Are you buying your new home in Lewisburg?
For many people, buying a home can be an intimidating event. But with some planning ahead of time, it's not all that hard.
I like to provide buyers with a road map of the whole deal so they know exactly what they can expect.
Here are my nine steps to buying a home.
Should you have any questions regarding any of this information or if you're ready to get started, just contact me here or e-mail me at .
There are several things you should contemplate before beginning your home search. When you begin your search, you'll want to create a list of must-haves, get a feeling for what school districts and neighborhoods you want to live in, and start working on your budget. Ensuring your mortgage payment is around 1/3 of your monthly income is a good rule of thumb to go by. Step 2 – Connect with a real estate agent
That's where I can help. We'll plan a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, schools in the Lewisburg area, the mortgage and housing industries, and any additional economic factors that could potentially affect your purchase today or in the future.
I can also help you start the loan process. I partner with some of Lewisburg's finest mortgage professionals, so you can rest assured that you're in great hands. They can assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
Following our initial meeting, I'll start finding available homes on the market that meet your needs. I'll research most of the houses and exclude the duds, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.
As we view houses, I'll identify positive features and negative ones. I'll also ask you to talk about things you like and don't like. As a rule, buyers revise their wish list as we tour homes and some things become more necessary than others. If that's the situation, I'll go back through the listings again and narrow it down to the house of your dreams.
Step 4 – Understand the housing market
Your agent's awareness of the Lewisburg housing market is a leading component in your house search. And I can assure you I'm conscious of all the schools and neighborhoods, and I will communicate which neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for careful analysis.
When we view homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions, as every REALTOR will convince you they truly know the market.
If it appears they don't know everything, call me at (931) 359-6631 or e-mail me at , and I'd be glad to answer your questions. My market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house you've been looking for
I'm sure we'll find your dream home in Lewisburg. When we do, I'll meticulously develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as getting financing, carrying out the inspection, and a clear title.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer – it's extremely common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Step 7 – Secure your loan
After the deal is signed, you'll start working with your lender to close the loan. This won't be a long process at all if you've been pre-qualified, but you'll want to stay in close contact with your mortgage 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 Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application. The estimate is based on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a precise range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you contact me at (931) 359-6631 or e-mail me at .