Buying your new home in Auburn with Lake Country Real Estate, Inc.

Buying a home intimidates most people, but with a little planning ahead of time, it isn't very complex. I like to give buyers a road map of the whole deal so they understand exactly what they can expect. Below are my nine steps to buying a home. If you have questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Before you commence your home search, there are several things you should contemplate. You'll want to put together a checklist of features you need to have, plan for what neighborhoods you want to live in, and begin working on your budget. A good rule of thumb to adhere to is that your mortgage payment should be around 1/3 of your monthly income.

Step 2 – Get in touch with a real estate agent in Auburn
This is where I can help. I'd like to schedule a time to meet with you and speak with you about why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Auburn area, the mortgage and housing industries, and any additional economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll help you start the loan process. Lake Country Real Estate, Inc. works with some of Auburn's finest mortgage professionals, 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 approved.

Step 3 – Start looking for a house
After our initial meeting, I'll begin finding homes on the market that suit your needs. I'll preview many of the homes and ignore the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.

When we view the homes, I'll show you the positive features, as well as negative ones. And I'll ask you what things you like and dislike. Frequently, buyers amend their wish list as we tour homes and some items become more substantial than others. If that happens, I'll look through the listings one more time and narrow it down to the house you've been waiting for.

Step 4 – Understand the market
Your agent's understanding of the Auburn home market is a crucial factor in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I'll alert you to what areas are "hot" and require immediate action and the ones that are "cool" and allow for more consideration.

When we tour houses, I'll be sure to tell you when the seller's list price has room for negotiation and when I think the house is "priced to sell." Be mindful and be sure to ask your agent plenty of questions, as any REALTOR will claim to understand the market. If things don't add up, call me at (315) 258-9147 or e-mail me at , and I'd be happy to answer your questions. My market knowledge will help you stay a step above the rest through the entire deal.

Step 5 – Find the house you've been looking for
We'll find your dream home in the Auburn area, and when we do, I'll meticulously create your purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as acquiring financing, finishing the inspection, and a clean title.

Upon submitting your offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's usually applied to the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals don't close on the first offer, and it's extremely common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to take 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 the state of the market. We'll also work within your financing constraints. And when it's all said and done, we'll assemble a contract that works well for you.

Step 7 – Obtain your loan
After the contract is complete, you'll start working with your mortgage lender to close the loan. If you're already pre-approved, this won't take very long at all. However, you should to stay in close contact with your mortgage lender. And I'll sort out all the property information your lender needs to close the loan.

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

Then it's time to close on your home. This should occur at a title company or escrow office and will most likely be a smooth and comfortable occurrence.

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

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