Are you contemplating buying a home in Auburn?

Purchasing a home is stressful for most people, but it's not all that complicated with a bit of up-front planning. I like to provide buyers with a road map of the whole deal so they'll understand exactly what they can expect. These are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.

Step 1 – Prepare to purchase
Prior to beginning your home search, there are plenty of things you need to take into account. You'll probably want to form an outline of items you want to have, get a feeling for what neighborhoods and school districts you want to live in, and start planning around your budget. Ensuring your mortgage payment is around 1/3 of your monthly income is a good guideline to follow.

Step 2 – Get in touch with a real estate agent
That's where I can help. We can schedule 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, school districts in the Auburn area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.

I can also help you get started on your loan. Lake Country Real Estate, Inc. works with some of Auburn's best mortgage professionals, so you're in great hands. They will assist you with figuring out which type of loan is best for you and help you get qualified.

Step 3 – Begin looking for a house
After we meet, I'll begin searching for houses on the market that are a great fit for you. I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.

When we tour the homes, I'll show you the positive features and negative ones. I'll also ask you what things you like and don't like. Most often, buyers amend their must-have list 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 house you've been waiting for.

Step 4 – Get a grasp of the housing market
My understanding of the Auburn housing market is a leading aspect in your house search. I'm conscious of all the neighborhoods and school districts, and I will let you know what districts are "hot" and require prompt action and the ones that are "cool" and allow for thoughtful consideration.

As we view homes, I'll be sure to tell you when the list price has room for negotiation and also when I think the house is "priced to sell." When working with an agent, trust your instincts and make sure you ask plenty of questions. Any REALTOR in Auburn will convince you they comprehend the home market. If things don't add up, contact me at (315) 258-9147 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will keep you a step above the rest through the entire process.

Step 5 – Find your dream house
I'm positive we'll find your dream house in the Auburn area. When that happens, I'll precisely create your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.

When we send in your offer, you'll likely need to present "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property. The amount is typically applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer, and it's pretty common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing limits. And when it's all said and done, we'll create a deal that is best for you.

Step 7 – Obtain a loan
After we sign the final sales contract, you'll start working with your lender to close the loan. It won't take much time at all if you've been pre-qualified, but you'll want to keep in close contact with your mortgage lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your loan application. The estimate rests on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if everything looks good.

Then it's time to close on your house. This should take place at a title company or escrow office and will most often be a smooth and hassle-free event.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to contact me at (315) 258-9147 or e-mail me at .

Looking to Buy?

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