Contemplating buying your new home in Auburn?
Buying a home is an intimidating event for most people, but it isn't that difficult with some planning ahead of time.
So they'll know exactly what they can expect, I will furnish buyers with an overview of the whole deal.
Here are my nine steps to purchasing a home.
If you have questions regarding this information or if you're prepared to get started, you can contact me here or e-mail me at .
Prior to starting your home search, there are a lot of things you need to do. When you start your search, you'll probably want to assemble an index of items you need, get a feel for what school districts and neighborhoods you want to live in, and start planning around your budget. Ensuring your mortgage payment is less than a third of your monthly income is a good guideline to adhere to. Step 2 – Communicate with a real estate agent in Auburn
This is where I can help. I'd love to arrange a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Auburn area.
I'll also help you get started on your loan. Lake Country Real Estate, Inc. works with some of the best mortgage professionals in Auburn, so you're in great hands. They'll assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Begin house-hunting
After our first meeting, I'll begin looking for available houses on the market that are a great fit for you. I'll preview many of the homes and ignore the duds, and then we'll book appointments to tour the houses when it's 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 pretty common for buyers to amend their wish list as we tour houses and some things become far more crucial than others. If that's the situation, I'll go back through the listings once more and trim it down to the house you've been dreaming about.
Step 4 – Understand the housing market
An agent's understanding of the Auburn market is a fundamental element in your house search. And I assure you I'm conscious of all the neighborhoods and schools, and I'll alert you to some districts are "hot" and warrant immediate action and the ones that are "cool" and allow for careful examination.
When we view houses, I'll let you know when the seller's asking price has room for bargaining and also when I believe the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Every real estate agent will convince you they truly understand the market.
If it appears they don't know everything, call me at (315) 258-9147 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market expertise will help you stay a step ahead throughout the entire deal.
Step 5 – Find your dream home
We'll find the home of your dreams in the Auburn area, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, finishing the inspection, and a clear title.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer. It's pretty common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and move on.
Step 7 – Get financing
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. If you're already pre-qualified, this shouldn't take much time at all. But you should to keep in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) of closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of accepting your loan application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy. I'll review the estimate and let you know if it all looks okay.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you contact me at (315) 258-9147 or e-mail me at .