Are you contemplating buying a new home in Sunset Beach? Fred Thorne Realty LLC can help.
Purchasing a home is a stressful event for most people, but with a bit of planning ahead of time, it isn't all that confusing.
I like to furnish buyers with an overview of the whole deal so they understand 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 happy to address any questions you have regarding this information.
Step 1 – Prepare to purchase
Before you begin looking for a home, there are many things you need to contemplate.
You'll most likely want to put together a checklist of features you want to have, get an idea of what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or around 1/3 of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Communicate with a real estate agent
This is where I come in.
I'd be more than happy to book a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Sunset Beach area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
I partner with some of the finest mortgage professionals in Sunset Beach, so you'll be in great hands.
They'll help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start house hunting
Following our initial meeting, I'll start searching for available homes on the market that are a great fit for you.
I'll preview most of the houses and reject the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.
When we view houses, I'll show you the good features and bad ones. And I'll ask you what things you like and don't like.
It's widely common for buyers to change their list of must-haves as we view houses and some features become more essential than others.
If that's the case, I'll search all the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
My understanding of the Sunset Beach market is a necessary agent in your home search. I'm familiar with all the neighborhoods and school districts, and I can let you know which districts are "hot" and call for prompt action and others that are "cool" and allow for cautiousness.
As we tour houses, I'll make sure to communicate when the seller's list price has room for negotiation and also when I believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions, as every REALTOR in Sunset Beach will convince you they understand the market.
If it seems like they don't know everything, just call me at 910.367.6396 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will help you stay a step ahead through the entire process.
Step 5 – Find the house you've been waiting for
We'll find your dream home in Sunset Beach, and when that happens, I'll carefully develop your purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as acquiring financing, completing the inspection, and a clear title.
When presenting your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is often applied to the cost of closing. If the offer is accepted by the seller, 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 deals don't close on the first offer – it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a vital role in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll assemble a deal that's best for you.
Step 7 – Secure your loan
After the contract is finalized, you'll start working with your lender to close the loan.
It won't be a long process at all if you've been pre-qualified, but you need to keep in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will likely happen at a title company or escrow office and will probably be a smooth and comfortable event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at 910.367.6396 or e-mail me at .