Are you buying a new home in Piedmont? Piedmont Realty Inc can help.
Buying a home can be stressful for a lot of people. However, with a bit of planning ahead of time, it's not too hard.
I like to provide buyers with a road map of the whole deal so they know exactly what to expect.
Here are my nine steps to buying a home.
Should you have any questions regarding any of this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
Before you commence your home search, there are a lot of things you'll want to contemplate.
You'll most likely want to create an outline of items you need, get a feel for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or close to 1/3 of your net monthly income is a good guideline to go by.
Step 2 – Get in touch with a real estate agent
This is where Piedmont Realty Inc comes in.
I'd be happy to plan a time to meet with you and talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the Piedmont area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.
I can also help you get started on your loan.
There are some excellent mortgage professionals in Piedmont, and I partner with a lot of them, so you're in great hands.
They'll assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start your home search
After our initial meeting, I'll begin searching for available homes on the market that are good for you.
I'll get a sneak peek of most of the homes and throw out the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.
When we tour the homes, I'll show you the positive features and negative ones. I'll also ask you about things you like and don't like.
Usually, buyers update their list of must-haves as we view houses and some items become more essential than others.
If such is the case, I'll search the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
My understanding of the Piedmont home market is a fundamental aspect in your house search. I am familiar with all the neighborhoods and school districts, and I'll alert you to certain districts are "hot" and require immediate action and some that are "cold" and allow for careful analysis.
As we tour homes, I'll let you know if the seller's list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions. Any real estate agent in Piedmont will tell you they truly know the home market.
If it seems like they don't know everything, call me at 405-373-3970 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step above the rest through the entire process.
Step 5 – Find the house you've been looking for
We'll find your dream home in the Piedmont area, and when we do, I'll precisely develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as getting financing, completing the inspection, and a clear title.
Upon turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property and is usually put towards the cost of closing. If your offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your budget. And when it's all said and done, we'll assemble a deal that's best for you.
Step 7 – Secure financing
Upon finishing the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this won't take much time at all. However, you'll want to stay in close contact with your lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) detailing closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your loan application.
The estimate is formed from the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a close range of accuracy, and I'll study the estimate and let you know if everything looks all right.
Then we'll close on your house. This will probably take place at a title company or escrow office and will most likely be a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, be sure to contact me at 405-373-3970 or e-mail me at .