Purchasing your home in Sunset Beach with Fred Thorne Realty LLC
For most people, buying a home is a stressful event. However, with a little planning ahead of time, it isn't too complicated.
So they'll understand exactly what to expect, I like to supply buyers with a road map of the whole deal.
These are my nine steps to purchasing a home.
If you have questions about this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
There are several things you should consider prior to starting your home search.
When you start your search, you'll want to make an outline of items you want to have, plan for what school districts you'd like to live in, and start planning your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good rule of thumb to go by.
Step 2 – Get in touch with a real estate agent
This is where I come in.
I'd be more than happy to arrange a time to get together with you and talk about why you want to buy a home and get an idea of your future plans.
We'll talk about everything from neighborhoods, schools in the Sunset Beach area, the mortgage industry, to any other economic factors that could affect your buying decision today or in the future.
In addition, I'll help you facilitate the loan process.
Fred Thorne Realty LLC partners with some of Sunset Beach's finest mortgage professionals, so you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
Following our first meeting, I'll begin searching for homes on the market that are a great fit for you.
I'll research most of the houses and ignore the bad ones, and then we'll set up appointments to view the houses whenever it's convenient for you.
When we view the homes, I'll call attention to good features and bad ones. And I'll ask you to talk about things you like and dislike.
It's common for buyers to change their must-have list as we tour houses and some features become more crucial than others.
If that's the case, I'll look through the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Understand the housing market
My awareness of the Sunset Beach housing market is a crucial 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 some that are "cold" and allow for more consideration.
As we view houses, I'll be sure to tell you when the asking price has room for negotiation and when I know the house is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions, as any REALTOR in Sunset Beach will claim to truly understand the home market.
If it doesn't seem like they know everything, contact me at 9103676396 or e-mail me at , and I'd be happy to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find your dream home
We'll find the home of your dreams in the Sunset Beach area, and when we do, I'll meticulously create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.
When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to a home seller to secure the offer to purchase the property and is most often put towards the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer, and it's pretty common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
Market conditions will play a big part in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Secure financing
Once we sign the final contract, you'll start working with your lender to close the loan.
If you've been pre-approved, this won't be a long process at all, but you should to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your loan application.
The estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a tight range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to contact me at 9103676396 or e-mail me at .