Buying or selling a home?

Purchasing a home is stressful for a lot of people, but with some up-front planning, it's not too complicated. So they'll understand exactly what to expect, I like to provide buyers with a road map of the entire deal. Here are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have about this information.

Step 1 – Prepare to buy a home
There are a lot of things you'll want to take into account prior to commencing your home search. When you start your search, you'll probably want to create a list of must-have features, get a feel for what neighborhoods and school districts you'd like to live in, and start planning around your budget. Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good principle to go by.

Step 2 – Connect with a real estate agent in Auburn
This is where Lake Country Real Estate, Inc. can help. I'd be more than happy to schedule a time to meet with you and talk about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts 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.

I can also assist you with getting started on your loan. Lake Country Real Estate, Inc. works with some of the finest mortgage professionals in Auburn, so you can rest assured that you're in great hands. They can help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your home search
After our first meeting, I'll begin searching for houses on the market that are great for you. I'll research many of the homes and ignore the duds, and then we'll book appointments to view the homes when it's convenient for you.

When we view the houses, I'll call attention to positive features, as well as bad ones. And I'll ask you to point out what things you like and don't like. As a rule, buyers change their wish list as we tour homes and some items become more substantial than others. If that's the case, I'll go back through the listings once more and narrow it down to the home of your dreams.

Step 4 – Understand the market
An agent's understanding of the Auburn market is a leading component in your house search. And I assure you I'm mindful of all the neighborhoods and schools, and I will communicate certain neighborhoods are "hot" and warrant prompt action and some that are "cold" and allow for more examination.

When we tour homes, I'll let you know when the asking price has room for negotiation and when I think the house is "priced to sell." When working with an agent, be careful and make sure you ask lots of questions. Any real estate agent will tell you they know the housing market. If it doesn't seem like they know everything, contact me at (315) 258-9147 or e-mail me at , and I'll be more than happy to answer your questions. My understanding of the market will keep you a step ahead throughout the entire process.

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

When we send in your offer, you'll need to present "earnest money." This is a cash deposit given to a home seller to secure the offer to purchase the property. The amount is typically put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer – it's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or decline 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 budget. And when it's all said and done, we'll create a deal that works well for you.

Step 7 – Get a loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you're pre-qualified, it shouldn't take very long at all, but you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of getting your loan application. The estimate rests on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a close range of accuracy, and I'll review the estimate and let you know if it all looks good.

Then it's time to close on your home. This will likely take place at a title company or escrow office and will most often be a smooth and relaxed occasion.

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

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