Buying or selling a home in Auburn? Lake Country Real Estate, Inc. can help.

Buying a home is a stressful event for many people. However, with a bit of up-front planning, it's not that hard. So they'll know exactly what to expect, I like to give buyers a road map of the whole deal. Below are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have about this information.

Step 1 – Prepare to buy a home
There are a lot of things you need to consider before starting your home search. It's likely that you'll want to assemble a list of items you need, get a feel for what school districts and neighborhoods you want to live in, and begin planning around your budget. A good guideline to follow is that your mortgage payment should be less than or around 1/3 of your net monthly income.

Step 2 – Connect with a real estate agent
This is where Lake Country Real Estate, Inc. comes in. We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Auburn area.

I'll also assist you with getting started on your loan. I work with some of Auburn's best mortgage professionals, so you can rest assured that you're in great hands. They'll assist you with choosing which type of loan is best for you and help you get approved.

Step 3 – Start house hunting
After our first meeting, I'll begin searching for available houses on the market that are good for you. I'll research most of the houses and remove the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.

As we view homes, I'll show you the good features and bad ones. I'll even ask you to point out what things you like and dislike. For the most part, buyers revise their must-have list as we tour homes and some things become far more essential than others. If that's the case, I'll look through the listings once again and narrow it down to the house you've been wishing for.

Step 4 – Understand the housing market
Your agent's knowledge of the Auburn market is an essential aspect in your home search. And I assure you I'm conscious of all the schools and neighborhoods, and I can let you know which areas are "hot" and require immediate action and the ones that are "cold" and allow for more consideration.

As we view houses, I'll make sure to communicate when the seller's list price has room for bargaining and when I think the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask lots of questions, as any real estate agent in Auburn will tell you they truly understand the housing market. If things don't add up, call me at (315) 258-9147 or e-mail me at , and I'd be more than happy to answer your questions. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the house you've been waiting for
We'll find your dream house in the Auburn area, and when we do, I'll precisely develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as acquiring financing, finishing the home inspection, and a clean title.

Upon submitting your offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's often applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer. It's extremely common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. In addition, we'll work within your financing budget. 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 signed, you'll begin working with your lender to close the loan. If you're pre-approved, it shouldn't take long at all. But you'll need to keep in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of taking your loan application. The estimate depends on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks okay.

Then it's time to close on your house. This should take place at a title company or escrow office and will likely be a smooth and peaceful occasion.

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

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