Are you contemplating buying your home in Auburn? Lake Country Real Estate, Inc. can help.

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

Step 1 – Prepare to buy a home
There are a lot of things you should consider before commencing your home search. When you begin your search, you'll probably want to make a check list of features you need to have, get an idea of what school districts you'd like to live in, and start planning your budget. Keeping your mortgage payment less than or around a third of your monthly income is a good guideline to go by.

Step 2 – Connect with a real estate agent in Auburn
This is where I can help. I'd be more than happy to arrange a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans. We'll discuss 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.

In addition, I'll help you begin the loan process. I work with some of Auburn's finest mortgage professionals, so you can rest assured that you're in great hands. They will assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin your search
Following our initial meeting, I'll start looking for homes on the market that are a good fit for you. I'll get a sneak peek of most of the houses and eliminate the duds, and then we'll set up appointments to view the houses whenever it's convenient for you.

As we view the homes, I'll point out good features and bad ones. I'll also ask you what things you like and dislike. Generally, buyers update their must-have list as we view houses and some features become more substantial than others. If such is the case, I'll search the listings again and narrow it down to the house you've been wishing for.

Step 4 – Understand the housing market
My knowledge of the Auburn home market is a crucial agent in your house search. I'm conscious of all the school districts and neighborhoods, and I'll let you know which districts are "hot" and require prompt action and some that are "cold" and allow for careful analysis.

As we view houses, I'll make sure to communicate when the seller's asking price has room for negotiation and when I think the house is "priced to sell." Any REALTOR will claim to comprehend the market, but be careful, and be sure to ask your agent a lot of questions. If it seems like they don't know everything, call me at (315) 258-9147 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step ahead through the entire process.

Step 5 – Find the house you've been waiting for
We'll find your dream house in the Auburn area, and when that happens, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are acquiring financing, finishing the home inspection, and a clear title.

When submitting your offer, you'll likely want to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property and is typically put towards the closing costs. If the seller accepts your 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 contracts don't close on the beginning offer, and it's pretty common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.

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

Step 7 – Obtain a loan
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. If you've been pre-approved, it shouldn't take very long at all. But you'll need to stay in close contact with your 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 your closing costs from your lender within three days of taking your application. The estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy. I'll examine the estimate and let you know if it all looks permissible.

Then we'll close on your home. This should happen at a title company or escrow office and will most often be a smooth and easygoing affair.

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

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