Purchasing a home in Auburn with Lake Country Real Estate, Inc.

Purchasing a home is an intimidating event for many people, but it isn't too complicated with a bit of up-front planning. So they know exactly what they can expect, I will furnish buyers with an overview of the entire deal. Here are my nine steps to purchasing a home. If you have questions about this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Before you start searching for a home, there are several things you need to do. When you start your search, you'll probably want to assemble a list of items you want to have, get a feeling for what school districts and neighborhoods you'd like to live in, and start working on your budget. A good rule to follow is that your mortgage payment should be 1/3 of your monthly income.

Step 2 – Get in touch with a real estate agent in Auburn
This is where Lake Country Real Estate, Inc. comes in. We'll schedule a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, school districts in the Auburn area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.

I can also help you facilitate the loan process. There are some very good mortgage professionals in Auburn, and I work with a lot of them, so you'll be in great hands. They will assist you in deciding which type of loan is best for you and help you get qualified.

Step 3 – Start your search
After our first meeting, I'll start looking for homes on the market that are great for you. I'll preview most of the homes and exclude the bad ones, and then we'll book appointments to tour the houses whenever it's most convenient for you.

As we tour the homes, I'll identify good features and bad ones. I'll also ask you about things you like and dislike. It's widely common for buyers to update their must-have list as we view homes and some things become far more crucial than others. If such is the case, I'll go back through the listings another time and trim it down to the house you've been waiting for.

Step 4 – Know the market
Your agent's understanding of the Auburn market is an essential component in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I'll alert you to what areas are "hot" and require immediate action and some that are "cool" and allow for thoughtful examination.

When we view houses, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell." Trust your instincts and be sure to ask your agent plenty of questions, as every REALTOR will tell you they comprehend the home market. If it doesn't seem like they know everything, contact me at (315) 258-9147 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find the home of your dreams
We'll find your dream home in the Auburn area, and when we do, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as acquiring financing, completing the inspection, and a clean title.

When sending in your offer, you'll want to present "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property. The amount is typically applied to the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer – it's very common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

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

Step 7 – Secure financing
Once the deal is finished, you'll begin working with your mortgage lender to close the loan. This won't take long at all if you're pre-approved, but you'll want to stay in close contact with your mortgage lender. And I'll take care of all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Good Faith Estimate (GFE) outlining closing costs within three days of accepting your loan application. You'll get a Good Faith Estimate (GFE) detailing your closing costs from your lender within three days of getting your application. This estimate is formed from the loan amount. RESPA requirements dictate that it has to involve 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 we'll close on your home. This will most often happen at a title company or escrow office and is often a smooth and calm event.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at (315) 258-9147 or e-mail me at .

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