Are you contemplating buying a home in Piedmont? Piedmont Realty Inc can help.
Purchasing a home is intimidating for a lot of people. However, with some up-front planning, it isn't all that complex.
So they understand exactly what to expect, I will supply buyers with a road map of the whole deal.
Below are my nine steps to purchasing a home.
Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
There are plenty of things you'll want to contemplate before you look for a home.
It's likely that you'll want to form an outline of items you need to have, plan for what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good principle to adhere to is that your mortgage payment should be less than 30 percent of your net monthly income.
Step 2 – Speak with a real estate agent in Piedmont
This is where Piedmont Realty Inc can help.
I'd love to arrange a time to meet with you and speak with you regarding your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, schools in the Piedmont area, the mortgage and housing industries, and any additional economic factors that might affect your purchase today or in the future.
In addition, I'll help you facilitate the loan process.
Piedmont Realty Inc partners with some of the finest mortgage professionals in Piedmont, so you're in great hands.
They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After we meet for the first time, I'll begin finding homes on the market that are good for you.
I'll get a sneak peek of most of the houses and eliminate the duds, and then we'll book appointments to view the houses whenever it's convenient for you.
As we view houses, I'll call attention to positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
It's widely common for buyers to revise their must-have list as we view houses and some features become far more important than others.
If that happens, I'll look through all the listings once more and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the market
My understanding of the Piedmont housing market is a fundamental factor in your home search. I'm familiar with all the neighborhoods and school districts, and I can let you know what areas are "hot" and warrant prompt action and the ones that are "cool" and allow for thoughtful examination.
When we tour homes, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Be mindful and be sure to ask plenty of questions, as any REALTOR in Piedmont will convince you they truly know the housing market.
If things don't add up, call me at 405-373-3970 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market 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 Piedmont area, and when that happens, I'll precisely create your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, completing the inspection, and a clear title.
When we send in your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is usually put towards the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the beginning offer – it's pretty common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
In addition, we'll work within your financing limits. And at the end of the day, we'll compose a deal that works well for you.
Step 7 – Secure financing
Upon signing the contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't be a long process at all. However, you need to keep in close contact with your mortgage lender.
And I'll sort out 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) outlining your closing costs from your lender within three days of receiving your loan application.
This estimate is formed from the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if everything looks good.
Then we'll close on your house. This will probably happen at a title company or escrow office and is often a smooth and stress-free affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you call me at 405-373-3970 or e-mail me at .