Purchasing your new home in Pleasant Garden with The ALLREALTY Group
Buying a home is an intimidating event for a lot of people. However, with a bit of up-front planning, it isn't too hard.
So they'll know exactly what they can expect, I like to supply buyers with an overview of the whole deal.
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 happy to address any questions you have regarding this information.
Step 1 – Get ready to buy
There are several things you should take into account prior to starting your home search.
It's likely that you'll want to assemble a list of must-have features, get a feel for what neighborhoods you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is around 30 percent of your monthly income is a good rule to adhere to.
Step 2 – Connect with a real estate agent
This is where The ALLREALTY Group comes in.
I'd like to schedule a time to get together with you and communicate with you about your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Pleasant Garden area.
I'll also help you start the loan process.
I partner with some of Pleasant Garden's finest mortgage professionals, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Start looking
Following our first meeting, I'll begin searching for available houses on the market that best suit you.
I'll get a sneak peek of many of the homes and remove the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.
As we view the homes, I'll point out good features and bad ones. I'll even ask you to talk about things you like and dislike.
Frequently, buyers change their must-have list as we view homes and some features become far more essential than others.
If that happens, I'll search the listings one more time and trim it down to the home of your dreams.
Step 4 – Understand the market
My knowledge of the Pleasant Garden housing market is a crucial factor in your home search. I'm conscious of all the schools and neighborhoods, and I'll alert you to which areas are "hot" and call for immediate action and others that are "cold" and allow for cautiousness.
When we view homes, I'll be sure to tell you when the seller's asking price has room for negotiation and when I know the home is "priced to sell."
When working with an agent, be mindful and make sure you ask lots of questions, as any REALTOR in Pleasant Garden will claim to know the home market.
If things don't add up, contact me at 336-442-7653 or e-mail me at , and I'll be more than happy to answer any questions you might have. My understanding of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the home of your dreams
I'm certain we'll find your dream house in Pleasant Garden. When that happens, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.
When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property, and it's most often put towards the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the initial offer, and it's pretty common to receive a counter offer. But don't let it intimidate you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing budget. And at the end of the day, we'll compose a deal that works well for you.
Step 7 – Get a loan
Upon completing the contract, you'll start working with your lender to close the loan.
If you're already pre-qualified, this shouldn't be a long process at all, but you'll want to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs 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 depends on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if everything looks adequate.
Then we'll close on your house. This should take place at a title company or escrow office and is often a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call me at 336-442-7653 or e-mail me at .