Contemplating purchasing a new home in Sunset Beach? Fred Thorne Realty LLC can help.
Buying a home can be stressful for most people, but with a little planning ahead of time, it isn't all that confusing.
So they'll know exactly what they can expect, I will provide buyers with an overview of the entire deal.
Here are my nine steps to buying a home.
If you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy a home
Before you begin looking for a home, there are a lot of things you need to do.
When you begin your search, you'll want to assemble a check list of must-have features, get a feeling for what neighborhoods and school districts you'd like to live in, and start planning around your budget.
A good guideline to follow is that your mortgage payment should be 1/3 of your monthly income.
Step 2 – Communicate with a real estate agent in Sunset Beach
This is where Fred Thorne Realty LLC comes in.
I'd be more than happy 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 discuss everything from neighborhoods, school districts in the Sunset Beach area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.
I'll also help you get started on your loan.
Fred Thorne Realty LLC works with some of the best mortgage professionals in Sunset Beach, so you can rest assured that you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
After our first meeting, I'll start searching for available houses on the market that are a great fit for you.
I'll preview most of the houses and ignore the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.
As we tour houses, I'll call attention to positive features, as well as bad ones. I'll also ask you about things you like and dislike.
As a rule, buyers update their wish list as we view homes and some features become more important than others.
If that's the situation, I'll look through all the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
An agent's understanding of the Sunset Beach market is a crucial element in your home search. And I can assure you I'm familiar with all the schools and neighborhoods, and I'll communicate what areas are "hot" and call for immediate action and the ones that are "cool" and allow for thoughtful consideration.
As we view houses, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
Every REALTOR will tell you they truly know the housing market, but take notice, and make sure you ask your agent a lot of questions.
If things don't add up, just call me at 9103676396 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
I'm sure we'll find your dream house in Sunset Beach. When we do, I'll carefully develop your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as getting financing, carrying out the inspection, and a clear title.
When we present your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property. The amount is often applied to the closing costs. If your offer is accepted, we should close on the property 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 beginning offer. It's widely common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing budget. And at the end of the day, we'll assemble a deal that's best for you.
Step 7 – Secure financing
Once the deal is signed, you'll begin working with your lender to close the loan.
If you're pre-qualified, this shouldn't take much time at all. However, you need to stay in close contact with your lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your loan application.
This estimate is formed from the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a strict range of accuracy. I'll examine the estimate and let you know if everything looks good.
Then it's time to close on your home. This should take place at a title company or escrow office and will most often be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at 9103676396 or e-mail me at .