Buying or selling a home in Bucklin?
Buying a home is intimidating for many people, but with a little planning ahead of time, it's not that complicated.
I like to provide buyers with an outline of the whole deal so they'll know exactly what to expect.
Here are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Get ready to buy
Before you start your home search, there are plenty of things you need to contemplate.
When you start your search, you'll probably want to form a checklist of must-have features, get a feel for what neighborhoods and school districts you want to live in, and begin working on your budget.
Ensuring your mortgage payment is less than or around 1/3 of your net monthly income is a good principle to follow.
Step 2 – Connect with a real estate agent in Bucklin
That's where I can help.
We can book a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Bucklin area, the mortgage industry, and any other economic factors that might affect your buying decision today or in the future.
I can also help you get started on your loan.
There are some excellent mortgage professionals in Bucklin, and I partner with a lot of them, so you'll be in great hands.
They will assist you in figuring out which type of loan is best for you and help you get approved.
Step 3 – Begin your search
After we meet for the first time, I'll start searching for houses on the market that meet your needs.
I'll preview most of the homes and eliminate the bad ones, and then we'll schedule appointments to tour the houses whenever it's most convenient for you.
As we view homes, I'll point out positive features, as well as negative ones. And I'll ask you to tell us about things you like and dislike.
Oftentimes, buyers revise their wish list as we tour houses and some features become far more essential than others.
If such is the case, I'll search the listings another time and trim it down to the house you've been waiting for.
Step 4 – Know the market
An agent's knowledge of the Bucklin housing market is an essential element in your house search. And I assure you I'm mindful of all the neighborhoods and schools, and I'll communicate which districts are "hot" and call for immediate action and the ones that are "cool" and allow for careful analysis.
As we view homes, 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 mindful and make sure you ask a lot of questions. Any REALTOR in Bucklin will convince you they truly know the home market.
If things don't add up, contact me at 620-826-3340 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will keep you a step ahead through the entire process.
Step 5 – Find your dream house
I'm sure we'll find the house of your dreams in the Bucklin area. When that happens, I'll thoroughly develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, finishing the home inspection, and a clear title.
When we send in your offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is usually applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer – it's extremely common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a deal that works well for you.
Step 7 – Obtain a loan
Once the contract is complete, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, this won't take very long at all. However, you'll want to keep in close contact with your 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) of your closing costs from your mortgage lender within three days of getting your application.
The estimate is formed from the loan amount. RESPA requirements order that it has to include all closing costs and be within a strict range of accuracy, and I'll review the estimate and let you know if everything looks good.
Then we'll close on your home. This will most often happen at a title company or escrow office and should be a smooth and hassle-free affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at 620-826-3340 or e-mail me at .