Are you purchasing your new home in Auburn?
For many people, buying a home can be an intimidating event. But with a little up-front planning, it's not too confusing.
So they know exactly what they can expect, I'll provide buyers with an overview of the whole deal.
Below are my nine steps to buying a home.
If you have questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Before you start looking for a home, there are several things you need to consider. It's likely that you'll want to assemble a check list of features you need, get an idea of what neighborhoods and school districts you want to live in, and begin working on your budget. A good rule to go by is that your mortgage payment should be close to 30 percent of your net monthly income. Step 2 – Talk to 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 neighborhoods, schools in the Auburn area, the mortgage and housing industries, and any additional economic factors that may affect your buying decision today or in the future.
I can also assist you in getting started on your loan. Lake Country Real Estate, Inc. partners 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 kind of loan is best for you and help you get approved.
Step 3 – Begin your home search
Following our first meeting, I'll begin looking for houses on the market that suit your needs. I'll preview many of the houses and exclude the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.
When we tour the houses, I'll call attention to good features and bad ones. I'll also ask you what things you like and don't like. Oftentimes, buyers update their list of must-haves as we tour houses and some features become more necessary than others. If such is the case, I'll search the listings one more time and narrow it down to the home of your dreams.
Step 4 – Know the housing market
Your agent's awareness of the Auburn housing market is an imperative element in your house search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I will alert you to some areas are "hot" and require immediate action and others that are "cold" and allow for more examination.
As we tour houses, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell."
Every real estate agent in Auburn will tell you they truly know the home market, but keep an eye out, and be sure to ask your agent plenty of questions.
If things don't add up, just call me at (315) 258-9147 or e-mail me at , and I'll be happy to answer your questions. My market expertise will help you stay 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 develop your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer, and it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Step 7 – Obtain financing
Upon completion of the contract, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, it shouldn't take long at all. But you'll need to stay in close contact with your mortgage lender. And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your loan application. The estimate rests on the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a precise range of accuracy. I'll go over the estimate and let you know if it all looks all right.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at (315) 258-9147 or e-mail me at .