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

Purchasing a home is stressful for a lot of people, but it's not all that hard with some planning ahead of time. I like to give buyers an overview of the entire deal so they understand exactly what to expect. These are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Get ready to buy a home
Before you begin searching for a home, there are many things you should take into account. You'll want to make an outline of must-have features, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than or around 30 percent of your monthly income is a good principle to adhere to.

Step 2 – Speak with a real estate agent in Auburn
This is where I come in. I'd be more than happy to plan a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future. 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 facilitate the loan process. There are some very good mortgage professionals in Auburn, and I partner with a lot of them, so you're in great hands. They'll help you determine which type of loan is best for you, as well as help you get qualified.

Step 3 – Start looking
After our initial meeting, I'll start looking for homes on the market that meet your needs. I'll get a sneak peek of most of the homes and ignore the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

As we view homes, I'll show you the good features, as well as negative ones. I'll also ask you what things you like and dislike. It's pretty common for buyers to update their wish list as we view houses and some features become more essential than others. If that's the situation, I'll look through the listings again and trim it down to the home you've been dreaming about.

Step 4 – Get a grasp of the housing market
My knowledge of the Auburn home market is an imperative component in your house search. I am informed of all the neighborhoods and school districts, and I will alert you to some neighborhoods are "hot" and warrant prompt action and the ones that are "cold" and allow for thoughtful consideration.

When we tour houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell." Any REALTOR in Auburn will convince you they truly know the home market, but be wary, and make sure you ask lots 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 more than happy to answer any questions you have. My market expertise will help you stay a step ahead through the entire deal.

Step 5 – Find the home of your dreams
I'm sure we'll find your dream home in Auburn. When that happens, I'll thoroughly create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

Upon submitting your offer, you'll need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property, and it's often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's pretty common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing limits. And when it's all said and done, we'll create a deal that is best for you.

Step 7 – Obtain a loan
Once we sign the final contract, you'll start working with your lender to close the loan. This won't take much time at all if you're pre-qualified, but you should to keep in close contact with your lender. And I'll care for all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting 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 tight range of accuracy, and I'll go over the estimate and let you know if it all looks adequate.

Then it's time to close on your home. This will most often happen at a title company or escrow office and should be a smooth and peaceful event.

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

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