Are you contemplating buying a home in Sunset Beach?
With some planning ahead of time, buying a home isn't all that complex, but the event intimidates many people.
So they'll know exactly what they can expect, I'll provide buyers with an outline of the entire deal.
These are my nine steps to purchasing a home.
Should you have any questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy
Before you begin searching for a home, there are many things you'll want to take into account.
You'll most likely want to put together an outline of items you want, get a feel for what school districts you'd like to live in, and start working on your budget.
Keeping your mortgage payment less than or around a third of your monthly income is a good rule of thumb to follow.
Step 2 – Connect with a real estate agent
This is where Fred Thorne Realty LLC can help.
We'll schedule a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about neighborhoods, school districts in the Sunset Beach area, the mortgage and housing industries, and any additional economic factors that might affect your buying decision today or in the future.
In addition, I'll help you get started on your loan.
There are some excellent mortgage professionals in Sunset Beach, and I partner with a lot of them, 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 looking for a home
After we meet for the first time, I'll begin searching for available houses on the market that are good for you.
I'll get a sneak peek of most of the homes and remove the duds, and then we'll book appointments to tour the homes when it's most convenient for you.
When we tour houses, I'll call attention to positive features, as well as negative ones. And I'll ask you what things you like and don't like.
For the most part, buyers revise their must-have list as we view homes and some things become more crucial than others.
If that happens, I'll search all the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Sunset Beach home market is an imperative component in your home search. And I assure you I'm informed of all the schools and neighborhoods, and I'll alert you to some areas are "hot" and call for immediate action and others that are "cool" and allow for careful consideration.
When we view houses, I'll make sure to communicate when the seller's asking price has room for negotiation and when I trust the home is "priced to sell."
Every REALTOR in Sunset Beach will convince you they truly know the home market, but be mindful, and make sure you ask plenty of questions.
If it seems like they don't know everything, contact me at 910.367.6396 or e-mail me at , and I'd be glad to answer any questions you have. My understanding of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find your dream house
I'm sure we'll find the home of your dreams in Sunset Beach. When that happens, I'll meticulously create your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When we present your offer, you'll probably want to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property and is often put towards the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's pretty common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll formulate a contract that is best for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, it won't take very long at all, but you'll need to stay in close contact with your lender.
And I'll sort out all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your loan application.
This estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks okay.
Then we'll close on your house. This should take place at a title company or escrow office and will most often be a smooth and easygoing affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply call me at 910.367.6396 or e-mail me at .