Looking to purchase a new home in Piedmont? Piedmont Realty Inc can help.
With some planning ahead of time, purchasing a home isn't all that hard, but the event is stressful for a lot of people.
I like to give buyers an overview of the whole deal so they'll understand exactly what to expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to address any questions you have about this information.
Step 1 – Get ready to buy
Before you begin your home search, there are several things you should contemplate.
You'll most likely want to form a check list of must-haves, 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 a third of your net monthly income is a good principle to follow.
Step 2 – Get in touch with a real estate agent in Piedmont
This is where Piedmont Realty Inc can help.
We can arrange a time to meet so we can 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 might affect your buying decision today or in the future.
In addition, I'll help you start the loan process.
There are some very good mortgage professionals in Piedmont, and I partner with a lot of them, so you can rest assured that you're in great hands.
They'll assist you with figuring out which type of loan is best for you and help you get approved.
Step 3 – Begin house-hunting
After our first meeting, I'll begin searching for homes on the market that best suit you.
I'll preview many of the houses and ignore the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
When we view the homes, I'll point out good features, as well as bad ones. And I'll ask you about things you like and don't like.
It's pretty common for buyers to revise their list of must-haves as we view homes and some things become far more substantial than others.
If such is the case, I'll go back through the listings again and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the market
An agent's understanding of the Piedmont market is a fundamental component in your home search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I can alert you to certain districts are "hot" and require immediate action and some that are "cold" and allow for cautiousness.
As we view houses, I'll let you know when the list price has room for negotiation and also when I believe the home is "priced to sell."
Every REALTOR will convince you they understand the market, but take note, and be sure to ask your agent lots of questions.
If things don't add up, call me at 405-373-3970 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find your dream house in the Piedmont area. When we do, I'll precisely develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as getting financing, completing the home inspection, and a clean title.
When turning in your offer, you'll likely 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 typically applied to the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer, and it's widely common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.
The state of the market will play a part in how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Obtain a loan
Upon completion of the contract, you'll start working with your mortgage lender to close the loan.
This won't take much time at all if you're already pre-qualified, but you'll need to stay in close contact with your lender.
And I'll manage 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) of your closing costs from your mortgage lender within three days of receiving your application.
The estimate is based on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll examine the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will likely be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply contact me at 405-373-3970 or e-mail me at .