Are you contemplating purchasing a home in Piedmont?
Purchasing a home is intimidating for many people, but with a little planning ahead of time, it's not very confusing.
So they understand exactly what to expect, I'll furnish buyers with an overview of the entire deal.
Below are my nine steps to buying a home.
If you have any questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
Prior to starting your home search, there are a lot of things you'll want to consider.
When you start your search, you'll probably want to form a list of features you want to have, plan for what school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good rule to follow.
Step 2 – Speak with a real estate agent
This is where Piedmont Realty Inc can help.
I'd be more than happy to book a time to meet with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, school districts in the Piedmont area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
I can also help you start the loan process.
There are some excellent mortgage professionals in Piedmont, and I partner with a lot of them, so you're in great hands.
They can help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin your home search
After we meet for the first time, I'll start searching for available houses on the market that meet your needs.
I'll get a sneak peek of most of the homes and ignore the duds, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we tour homes, I'll call attention to positive features, as well as negative ones. I'll even ask you to talk about things you like and dislike.
As a rule, buyers update their list of must-haves as we tour houses and some things become more substantial than others.
If that happens, I'll go back through the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Know the market
My knowledge of the Piedmont market is a necessary aspect in your home search. I'm informed of all the schools and neighborhoods, and I'll alert you to certain areas are "hot" and demand immediate action and some that are "cool" and allow for more consideration.
When we tour houses, I'll make sure to communicate when the asking price has room for negotiation and when I trust the house is "priced to sell."
When working with an agent, be mindful and make sure you ask lots of questions. Any REALTOR will tell you they understand the market.
If things don't add up, just call me at 405-373-3970 or e-mail me at , and I'd be happy to answer any questions you might have. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
We'll find the house of your dreams in the Piedmont area, and when that happens, I'll precisely develop your purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When we submit your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property and is often put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the beginning offer. It's extremely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Get a loan
Once the deal is finished, you'll begin working with your lender to close the loan.
If you're pre-qualified, it won't take much time at all. However, you'll want to stay in close contact with your lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if it all looks all right.
Then it's time to close on your house. This should take place at a title company or escrow office and will likely be a smooth and pleasant event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply contact me at 405-373-3970 or e-mail me at .