Buying your new home in Sunset Beach
For a lot of people, purchasing a home can be an intimidating event. But with a little up-front planning, it isn't all that complex.
I like to furnish buyers with a road map of the entire deal so they understand exactly what to expect.
These are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
Before you begin looking for a home, there are a lot of things you need to do.
You'll most likely want to form an index of must-haves, plan for what school districts and neighborhoods you want to live in, and start planning your budget.
Ensuring your mortgage payment is no more than a third of your monthly income is a good rule to adhere to.
Step 2 – Speak with a real estate agent in Sunset Beach
This is where I come in.
I'd be happy to set up a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll discuss neighborhoods, school districts in the Sunset Beach area, the mortgage industry, and any additional economic factors that might affect your buying decision today or in the future.
I can also help you start the loan process.
I work with some of the best mortgage professionals in Sunset Beach, so you'll be in great hands.
They'll help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start your home search
After we meet for the first time, I'll begin searching for available homes on the market that best suit you.
I'll research many of the houses and eliminate the duds, and then we'll set up appointments to tour the homes when it's most convenient for you.
When we tour the houses, I'll identify good features, as well as negative ones. And I'll ask you to talk about things you like and don't like.
It's widely common for buyers to revise their must-have list as we view homes and some features become more substantial than others.
If that happens, I'll search all the listings one more time and trim it down to the home you've been waiting for.
Step 4 – Understand the market
My knowledge of the Sunset Beach home market is an essential component in your house search. I'm mindful of all the neighborhoods and school districts, and I'll alert you to certain areas are "hot" and warrant prompt action and the ones that are "cool" and allow for more consideration.
As we tour houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell."
Trust your instincts and make sure you ask your agent plenty of questions, as any real estate agent will tell you they know the housing market.
If it seems like they don't know everything, call me at 9103676396 or e-mail me at , and I'd be happy to answer your questions. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm sure we'll find your dream house in the Sunset Beach area. When we do, I'll meticulously develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the inspection, and a clean title.
When we present your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property, and it's typically applied to the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing limits. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Obtain a loan
Upon signing the deal, you'll begin working with your lender to close the loan.
If you're already pre-approved, this won't take very long at all. However, you should to stay in close contact with your lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining closing costs within three days of taking 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 rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if everything looks all right.
Then it's time to close on your home. This will most often happen at a title company or escrow office and will probably be a smooth and easygoing event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you contact me at 9103676396 or e-mail me at .