Looking to buy your home in Spring? LaPeer Team at RE/MAX INTEGRITY can help.
With a little planning ahead of time, purchasing a home isn't very complex, but the event can be stressful for many people.
I like to furnish buyers with an overview of the entire deal so they'll know exactly what they can expect.
Here are my nine steps to buying a home.
When you're ready to get started, you can contact me here or send me e-mail
. I'm happy to answer any questions you have regarding this information.
Step 1 – Prepare to buy a home
There are several things you'll want to consider before beginning your home search.
When you begin your search, you'll probably want to make a list of items you want, plan for what school districts you'd like to live in, and start working on your budget.
A good principle to go by is that your mortgage payment should be less than or around 30 percent of your monthly income.
Step 2 – Communicate with a real estate agent in Spring
This is where I come in.
I'd be more than happy to set up a time to get together with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Spring area.
I can also assist you with getting started on your loan.
I partner with some of Spring's best mortgage professionals, so you'll be in great hands.
They can help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
Following our initial meeting, I'll start searching for homes on the market that meet your needs.
I'll get a sneak peek of most of the houses and reject the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.
When we tour homes, I'll point out good features and bad ones. And I'll ask you to point out what things you like and don't like.
It's widely common for buyers to amend their must-have list as we tour houses and some things become more substantial than others.
If that's the situation, I'll go back through the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Understand the housing market
My understanding of the Spring housing market is an essential benefit in your search. I am mindful of all the neighborhoods and school districts, and I'll alert you to certain districts are "hot" and call for immediate action and the ones that are "cool" and allow for more examination.
When we view homes, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be on guard and be sure to ask plenty of questions, as any real estate agent will tell you they comprehend the market.
If things don't add up, just call me at (832) 484-2798 or e-mail me at email@example.com, and I'd be happy to answer your questions. My knowledge of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find your dream home
I'm certain we'll find the home of your dreams in the Spring area. When that happens, I'll meticulously develop your home purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as obtaining financing, completing the inspection, and a clean title.
Upon presenting your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property, and it's often put towards the cost of closing. If your offer is accepted, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the beginning offer – it's widely common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing limits. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Get a loan
Upon completion of the deal, you'll start working with your lender to close the loan.
If you're pre-qualified, it won'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 mortgage lender will need to close the loan.>
Step 8 – Close the deal
Your mortgage lender will supply you with a Good Faith Estimate (GFE) detailing closing costs within three days of receiving your application.
This estimate depends on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This will likely occur at a title company or escrow office and will most likely be a smooth and hassle-free event.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at (832) 484-2798 or send me an e-mail.