Let SBR Realty Pros help you with buying your home!
For most people, purchasing a home is a stressful event. But with a bit of planning ahead of time, it's not very confusing.
We like to supply buyers with a road map of the whole deal so they know exactly what they can expect.
Here are our nine steps to buying a home.
Step 1 – Get ready to buy
Prior to beginning your home search, there are plenty of things you'll want to do.
It's likely that you'll want to put together a check list of items you want, get a plan of what school districts and neighborhoods you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good rule of thumb to adhere to.
Step 2 – Speak with a real estate agent in Ewing
This is where SBR Realty Pros comes in.
We can book a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss neighborhoods, school districts in the Ewing area, the mortgage industry, and any other economic factors that may potentially affect your buying decision today or in the future.
We can also help you start the loan process.
We partner with some of Ewing's finest mortgage professionals, so you can rest assured that you're in great hands.
They will 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
Following our first meeting, we'll begin searching for houses on the market that are a good fit for you.
We'll preview most of the houses and exclude the duds, and then we'll book appointments to view the homes whenever it's convenient for you.
When we view the homes, we'll show you the good features and negative ones. And we'll ask you to talk about things you like and dislike.
It's common for buyers to update their must-have list as we tour houses and some items become more crucial than others.
If that's the situation, we'll go back through all the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
Our knowledge of the Ewing home market is a necessary resource in your house search. We're conscious of all the neighborhoods and schools, and we can alert you to certain districts are "hot" and call for immediate action and the ones that are "cold" and allow for careful consideration.
As we tour homes, we'll make sure to communicate when the seller's list price has room for bargaining and when I trust the home is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions, as any real estate agent in Ewing will claim to truly understand the home market.
If things don't add up, just call us at 6093920600 or e-mail us at email@example.com, and we'll be more than happy to answer any questions you have. Our market knowledge will keep you a step ahead through the entire process.
Step 5 – Find the house you've been looking for
We're sure we'll find the home of your dreams in the Ewing area. When that happens, we'll carefully develop your home purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as getting financing, completing the home inspection, and a clean title.
Upon turning in your purchase offer, you'll probably need to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the initial offer. It's really common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
In addition, we'll work within your financing budget. And when it's all said and done, we'll assemble a deal that is best for you.
Step 7 – Secure your loan
Once the contract is signed, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, this won't be a long process at all. But you need to stay in close contact with your mortgage lender.
And we'll sort out all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your loan application.
This estimate rests on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a tight range of accuracy, and we'll examine the estimate and let you know if everything looks all right.
Then we'll close on your home. This will most often occur at a title company or escrow office and will probably be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply contact us at 6093920600 or send us an e-mail.