Contemplating purchasing a new home in Auburn? Lake Country Real Estate, Inc. can help.

For many people, purchasing a home is a stressful event. But with a bit of planning ahead of time, it isn't all that difficult. I like to provide buyers with an overview of the entire deal so they understand exactly what to expect. Here are my nine steps to buying a home. Should you have any questions regarding any of this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
Before you begin your home search, there are many things you need to do. It's likely that you'll want to form a list of items you want to have, get an idea of what neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good guideline to follow.

Step 2 – Contact a real estate agent
That's where I come in. We can arrange 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 discuss neighborhoods, schools in the Auburn area, the mortgage industry, and any other economic factors that might affect your buying decision today or in the future.

I'll also help you facilitate the loan process. There are some great mortgage professionals in Auburn, and I work with a lot of them, so you can rest assured that you're in great hands. They'll assist you in choosing which type of loan is best for you and help you get qualified.

Step 3 – Begin your home search
Following our initial meeting, I'll begin finding available homes on the market that are great for you. I'll preview many of the homes and eliminate the duds, and then we'll book appointments to view the homes whenever it's convenient for you.

When we tour the houses, I'll identify good features and negative ones. I'll also ask you what things you like and dislike. It's widely common for buyers to amend their wish list as we view homes and some items become far more crucial than others. If such is the case, I'll look through all the listings once again and trim it down to the home of your dreams.

Step 4 – Know the housing market
Your agent's knowledge of the Auburn home market is a leading element in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can let you know some neighborhoods are "hot" and warrant immediate action and others that are "cold" and allow for cautiousness.

As we tour homes, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the house is "priced to sell." Be mindful and be sure to ask lots of questions, as any real estate agent in Auburn will tell you they truly know the housing market. If things don't add up, contact me at (315) 258-9147 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will keep you a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
We'll find the home of your dreams in Auburn, and when that happens, I'll carefully create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clear title.

Upon turning in your offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property. The amount is often applied to the closing costs. If your offer is accepted, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the beginning offer – it's pretty common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and go on.

Market conditions will play a big part in how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a deal that's best for you.

Step 7 – Get a loan
Upon finalizing the contract, you'll begin working with your lender to close the loan. It shouldn't be a long process at all if you're already pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application. This estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if everything looks adequate.

Then we'll close on your home. This will most often occur at a title company or escrow office and will most often be a smooth and relaxing occurrence.

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

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