Looking to buy your new home in Piedmont? Piedmont Realty Inc can help.
Purchasing a home is intimidating for a lot of people, but with some up-front planning, it isn't all that confusing.
I like to give buyers a road map of the whole deal so they'll understand exactly what to expect.
Here are my nine steps to buying a home.
If you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy
Before you begin your home search, there are plenty of things you need to consider.
You'll want to put together an index of items you want, get a feeling for what school districts and neighborhoods you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good rule to adhere to.
Step 2 – Get in touch with a real estate agent
That's where I come in.
I'd love to schedule a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll discuss neighborhoods, schools in the Piedmont area, the mortgage and housing industries, and any additional economic factors that may affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
Piedmont Realty Inc works with some of Piedmont's finest mortgage professionals, so you can rest assured that you're in great hands.
They can assist you with deciding which type of loan is best for you and help you get approved.
Step 3 – Begin house-hunting
After our initial meeting, I'll begin searching for available houses on the market that are a great fit for you.
I'll get a sneak peek of many of the homes and ignore the bad ones, and then we'll book appointments to tour the houses whenever it's convenient for you.
When we tour houses, I'll call attention to positive features, as well as bad ones. I'll also ask you to tell us about things you like and dislike.
It's widely common for buyers to update their list of must-haves as we view homes and some features become far more important than others.
If that's the case, I'll look through all the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Get a grasp of the market
Your agent's understanding of the Piedmont housing market is an essential component in your house search. And I assure you I'm conscious of all the schools and neighborhoods, and I can communicate which areas are "hot" and warrant immediate action and the ones that are "cool" and allow for more analysis.
When we tour homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and make sure you ask plenty of questions. Every REALTOR in Piedmont will convince you they truly understand the home market.
If things don't add up, contact me at 405-373-3970 or e-mail me at , and I'll be happy to answer any questions you may have. My understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been waiting for
I'm certain we'll find your dream house in Piedmont. When that happens, I'll precisely develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, finishing the home inspection, and a clean title.
When we present your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to buy the property and is most often put towards the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer. It's extremely common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing limits. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Get financing
Upon signing the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, it shouldn't take long at all. But you need to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your application.
This estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks all right.
Then it's time to close on your house. This will most often take place at a title company or escrow office and will likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 405-373-3970 or e-mail me at .