Purchasing your new home in Auburn

Buying a home is stressful for a lot of people, but with a bit of planning ahead of time, it's not too confusing. So they'll understand exactly what to expect, I will provide buyers with a road map of the entire deal. Below are my nine steps to purchasing a home. If you have any questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
Before you start your home search, there are several things you should do. When you begin your search, you'll probably want to put together an index of must-have features, get an idea of what neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to adhere to.

Step 2 – Communicate with a real estate agent in Auburn
This is where Lake Country Real Estate, Inc. comes in. We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, schools in the Auburn area, the mortgage and housing industries, and any other economic factors that may potentially affect your buying decision today or in the future.

I'll also help you get started on your loan. There are some very good mortgage professionals in Auburn, and I partner with a lot of them, so you're in great hands. They will help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Start house hunting
After we meet, I'll begin finding available homes on the market that are great for you. I'll research most of the houses and reject the bad ones, and then we'll book appointments to view the homes when it's convenient for you.

When we tour houses, I'll call attention to good features and negative ones. I'll also ask you to point out what things you like and don't like. Usually, buyers amend their must-have list as we view homes and some items become more substantial than others. If such is the case, I'll go back through the listings again and narrow it down to the house you've been waiting for.

Step 4 – Understand the market
My awareness of the Auburn home market is an essential factor in your house search. I'm informed of all the school districts and neighborhoods, and I can let you know what districts are "hot" and warrant immediate action and some that are "cold" and allow for more consideration.

As we tour homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell." Be careful and make sure you ask a lot of questions, as any real estate agent in Auburn will convince you they comprehend the home market. If things don't add up, call me at (315) 258-9147 or e-mail me at , and I'll be glad to answer your questions. My knowledge of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
I know we'll find the house of your dreams in the Auburn area. When we do, I'll meticulously create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as getting financing, carrying out the home inspection, and a clean title.

Upon turning in your offer, you'll probably want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property and is most often put towards the closing costs. If the seller accepts the offer, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer – it's widely common to receive a counter offer. Don't let it discourage you. We'll talk over whether or not to accept 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 the state of the market. In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a deal that is best for you.

Step 7 – Get your loan
After the contract is complete, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, this won't take long at all, but you'll need to stay in close contact with your mortgage lender. And I'll care for all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your application. The estimate depends on the loan amount. RESPA requirements require that it has to include all closing costs and be within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks all right.

Then we'll close on your home. This will most likely take place at a title company or escrow office and should be a smooth and peaceful event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply call me at (315) 258-9147 or e-mail me at .

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