Are you purchasing your new home in Piedmont? Piedmont Realty Inc can help.
Buying a home is a stressful event for a lot of people, but it's not all that complex with a little planning ahead of time.
So they understand exactly what they can expect, I'll provide buyers with a road map of the entire deal.
Here are my nine steps to purchasing a home.
Should you have 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
There are several things you'll want to consider prior to beginning your home search.
When you start your search, you'll want to create an outline of features you want, get a feel for what school districts and neighborhoods you'd like to live in, and begin planning around your budget.
A good rule to follow is that your mortgage payment should be no more than a third of your monthly income.
Step 2 – Talk to a real estate agent
This is where I can help.
We'll book a time to meet so we can talk about 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 other economic factors that could potentially 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'll assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After we meet for the first time, I'll begin finding homes on the market that best suit you.
I'll research many of the houses and exclude the bad ones, and then we'll set up appointments to view the homes when it's convenient for you.
When we tour the homes, I'll point out positive features, as well as bad ones. I'll also ask you what things you like and dislike.
It's common for buyers to revise their list of must-haves as we tour homes and some things become far more necessary than others.
If that's the situation, I'll look through all the listings once again and narrow it down to the home you've been dreaming about.
Step 4 – Understand the market
Your agent's awareness of the Piedmont market is an imperative element in your home search. And I assure you I'm conscious of all the neighborhoods and schools, and I can communicate certain neighborhoods are "hot" and demand prompt action and others that are "cold" and allow for careful examination.
As we view homes, I'll let you know when the seller's asking price has room for bargaining and also when I believe the home is "priced to sell."
Be careful and make sure you ask your agent plenty of questions, as any REALTOR will tell you they truly understand the home market.
If it appears they don't know everything, contact me at 405-373-3970 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will keep you a step ahead through the entire process.
Step 5 – Find your dream house
I know we'll find your dream home in the Piedmont area. When that happens, I'll precisely develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as getting financing, carrying out the home inspection, and a clear title.
When sending in your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property. The amount is often put towards the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer, and it's pretty common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Secure financing
After the deal is finished, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, it shouldn't take long at all, but you'll want to stay in close contact with your mortgage lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) detailing your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your application.
The estimate depends on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a precise 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 house. This should take place at a title company or escrow office and will likely be a smooth and relaxed occurrence.
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 call me at 405-373-3970 or e-mail me at .