Contemplating buying a new home in Auburn?

Buying a home intimidates a lot of people, but it isn't very hard with a little planning ahead of time. So they know exactly what to expect, I will furnish buyers with an outline of the whole deal. These 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 glad to answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
Prior to beginning your home search, there are plenty of things you should do. When you start your search, you'll want to make a checklist of features you want, get a feel for what neighborhoods and school districts you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than 1/3 of your monthly income is a good principle to follow.

Step 2 – Connect with a real estate agent in Auburn
This is where Lake Country Real Estate, Inc. comes in. We can arrange 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 talk about everything from neighborhoods, schools in the Auburn area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll assist you in getting started on your loan. I partner with some of the finest mortgage professionals in Auburn, so you're in great hands. They'll assist you with deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start house hunting
After our first meeting, I'll begin finding homes on the market that meet your needs. I'll research many of the homes and remove the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.

As we tour homes, I'll point out positive features and bad ones. I'll also ask you to point out what things you like and dislike. It's pretty common for buyers to update their list of must-haves as we tour houses and some things become more essential than others. If that's the case, I'll go back through the listings another time and narrow it down to the house you've been wishing for.

Step 4 – Comprehend the market
My awareness of the Auburn housing market is an imperative agent in your house search. I'm informed of all the school districts and neighborhoods, and I will alert you to some areas are "hot" and demand immediate action and the ones that are "cool" and allow for more examination.

As we view houses, I'll let you know when the asking price has room for bargaining and when I think the house is "priced to sell." Be careful and be sure to ask your agent plenty of questions, as any REALTOR in Auburn will claim to know the market. If things don't add up, just call me at (315) 258-9147 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
I'm positive we'll find the house of your dreams in the Auburn area. When we do, I'll carefully 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, carrying out the inspection, and a clean title.

Upon presenting your offer, you'll likely need to submit "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property. The amount is typically applied to the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's widely common to receive a counter offer. But don't let this alarm you. We'll discuss whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the deal depends on market circumstances. In addition, we'll work within your financing limits. And at the end of the day, we'll compose a deal that works well for you.

Step 7 – Secure your loan
Upon signing the contract, you'll begin working with your lender to close the loan. If you've been pre-approved, this won't take very long at all, but you'll want to keep in close contact with your lender. And I'll sort out 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 Good Faith Estimate (GFE) of closing costs within three days of receiving your application. You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of accepting your loan application. The estimate is formed from the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks okay.

Then we'll close on your home. This will probably occur at a title company or escrow office and will most often be a smooth and stress-free occasion.

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

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