Buying or selling a home in Sunset Beach? Fred Thorne Realty LLC can help.

Buying a home is a stressful event for most people, but it's not that hard with some planning ahead of time. I like to supply buyers with an outline of the whole deal so they 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 about this information.

Step 1 – Prepare to buy a home
Prior to beginning your home search, there are plenty of things you need to do. You'll want to create a check list of items you want, plan for what neighborhoods you'd like to live in, and begin planning around your budget. A good principle to follow is that your mortgage payment should be close to a third of your net monthly income.

Step 2 – Communicate with a real estate agent
This is where Fred Thorne Realty LLC can help. I'd like to plan a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, school districts in the Sunset Beach area, the mortgage industry, and any additional economic factors that could affect your purchase today or in the future.

I can also help you get started on your loan. Fred Thorne Realty LLC partners with some of Sunset Beach's best mortgage professionals, so you'll be in great hands. They can help you choose which type of loan is best for you, as well as help you get qualified.

Step 3 – Start your home search
After we meet, I'll start finding available houses on the market that are good for you. I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll schedule appointments to view the houses whenever it's convenient for you.

When we view the houses, I'll point out good features, as well as negative ones. I'll even ask you to talk about things you like and don't like. It's pretty common for buyers to change their wish list as we tour houses and some features become far more essential than others. If that happens, I'll go back through the listings another time and trim it down to the house of your dreams.

Step 4 – Get a grasp of the market
Your agent's knowledge of the Sunset Beach housing market is a leading factor in your home search. And I can assure you I'm conscious of all the schools and neighborhoods, and I can let you know which areas are "hot" and call for immediate action and some that are "cool" and allow for thoughtful analysis.

When we view homes, I'll be sure to tell you when the list price has room for bargaining and when I know the home is "priced to sell." When working with an agent, trust your instincts and make sure you ask lots of questions. Every real estate agent will convince you they comprehend the home market. If it appears they don't know everything, just call me at 910.367.6396 or e-mail me at , and I'll be more than happy to answer your questions. My market expertise will keep you a step above the rest through the entire deal.

Step 5 – Find your dream home
We'll find your dream home in the Sunset Beach area, and when we do, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies, such as obtaining financing, completing the inspection, and a clear title.

Upon presenting your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property and is often put towards the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer – it's really common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll create a contract that's best for you.

Step 7 – Get financing
Upon finalizing the contract, you'll start working with your mortgage lender to close the loan. This shouldn't be a long process at all if you're already pre-qualified, but you need to keep in close contact with your mortgage lender. And I'll take care of all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application. This estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll examine the estimate and let you know if it all looks all right.

Then we'll close on your home. This will likely occur at a title company or escrow office and will likely be a smooth and calm event.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at 910.367.6396 or e-mail me at .

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