Buying or selling a home? Lake Country Real Estate, Inc. can help.
Buying a home is an intimidating event for many people, but with a little up-front planning, it isn't very complex.
I like to give buyers a road map of the whole deal so they know exactly what they can expect.
Below are my nine steps to buying a home.
If you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Before you start your home search, there are many things you'll want to consider. When you begin your search, you'll want to put together an outline of features you want to have, get a feeling for what neighborhoods and school districts you'd like to live in, and start planning your budget. Keeping your mortgage payment around 1/3 of your monthly income is a good principle to go by. Step 2 – Contact a real estate agent in Auburn
This is where Lake Country Real Estate, Inc. can help. I'd love to set up a time to get together with you and communicate with you about why you want to buy a home and get an idea of your plans for the future. We'll talk about the mortgage industry, other economic factors that could 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. There are some excellent mortgage professionals in Auburn, and I partner with a lot of them, so you can rest assured that you're in great hands. They can assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Start your home search
After we meet for the first time, I'll start finding houses on the market that are great for you. I'll research most of the houses and remove the duds, and then we'll book appointments to tour the homes whenever it's most convenient for you.
When we tour the homes, I'll show you the good features, as well as bad ones. And I'll ask you to talk about things you like and don't like. It's pretty common for buyers to revise their wish list as we tour houses and some items become far more crucial than others. If that's the case, I'll look through the listings once again and narrow it down to the home you've been waiting for.
Step 4 – Know the housing market
Your agent's awareness of the Auburn home market is a fundamental factor in your home search. And I assure you I'm informed of all the neighborhoods and schools, and I'll let you know what areas are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful consideration.
As we tour houses, I'll let you know if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions, as any REALTOR in Auburn will tell you they truly know the market.
If things don't add up, contact me at (315) 258-9147 or e-mail me at , and I'll be happy to answer any questions you have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm positive we'll find the house of your dreams in the Auburn area. When that happens, I'll meticulously develop your purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as getting financing, finishing the inspection, and a clear title.
Step 6 – Negotiate
Most contracts don't close on the initial offer – it's pretty common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Step 7 – Get a loan
Once we sign the final deal, you'll start working with your mortgage lender to close the loan. If you're already pre-approved, this shouldn't take long at all, but you'll want to stay in close contact with your mortgage lender. And I'll look after all the property information your lender needs 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 accepting your loan application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if everything looks okay.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at (315) 258-9147 or e-mail me at .