Buying or selling a home in Taylorsville?
Purchasing a home is stressful for most people. However, with some planning ahead of time, it isn't very hard.
So they understand exactly what they can expect, I will provide buyers with a road map of the entire deal.
Below 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 address questions you have regarding this information.
Step 1 – Get ready to buy a home
There are plenty of things you need to take into account prior to beginning your home search.
You'll want to assemble a checklist of features you need, get a plan of what school districts and neighborhoods you want to live in, and begin planning around your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good rule to adhere to.
Step 2 – Speak with a real estate agent
That's where I come in.
We'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Taylorsville area, the mortgage and housing industries, and any additional economic factors that might affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
Bret Mundy Real Estate LLC works with some of Taylorsville's finest mortgage professionals, so you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Start your search
After our first meeting, I'll begin searching for available houses on the market that are good for you.
I'll preview many of the houses and throw out the duds, and then we'll schedule appointments to view the houses whenever it's most convenient for you.
When we tour homes, I'll call attention to positive features and negative ones. I'll even ask you about things you like and dislike.
Frequently, buyers amend their list of must-haves as we view houses and some items become more substantial than others.
If that happens, I'll look through all the listings once more and trim it down to the home you've been waiting for.
Step 4 – Comprehend the market
Your agent's knowledge of the Taylorsville home market is a necessary factor in your house search. And I assure you I'm informed of all the schools and neighborhoods, and I can alert you to some areas are "hot" and call for prompt action and the ones that are "cold" and allow for cautiousness.
When we view houses, I'll be sure to tell you if the list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask a lot of questions. Every real estate agent will tell you they truly know the housing market.
If things don't add up, contact me at 8286328863 or e-mail me at , and I'll be more than happy to answer any questions you have. My knowledge of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
I'm sure we'll find the home of your dreams in Taylorsville. When that happens, I'll precisely create your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.
When we send in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property and is usually put towards the closing costs. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer, and it's widely common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a vital role in how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Get your loan
Once we sign the final contract, you'll start working with your lender to close the loan.
It shouldn't take very long at all if you're already pre-qualified, but you need to stay in close contact with your lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your application.
The estimate depends on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a precise range of accuracy. I'll go over the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will likely occur at a title company or escrow office and should be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 8286328863 or e-mail me at .