Buying your home in Bucklin?
Buying a home intimidates many people, but with a bit of planning ahead of time, it isn't very complex.
I like to give buyers a road map of the entire deal so they'll understand exactly what they can expect.
Here are my nine steps to purchasing a home.
If you have any questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
There are many things you need to take into account before commencing your home search.
When you begin your search, you'll probably want to form a checklist of items you need, get an idea of what neighborhoods you'd like to live in, and begin planning around your budget.
A good guideline to go by is that your mortgage payment should be less than or close to 1/3 of your net monthly income.
Step 2 – Talk to a real estate agent in Bucklin
That's where I can help.
I'd like to schedule 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 upcoming plans.
We'll talk about everything from neighborhoods, schools in the Bucklin area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
Cossell Enterprises, Inc partners with some of Bucklin's best mortgage professionals, so you'll be in great hands.
They will assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin your home search
After our first meeting, I'll begin finding houses on the market that meet your needs.
I'll get a sneak peek of most of the houses and eliminate the duds, and then we'll schedule appointments to tour the houses at a time that's convenient for you.
When we view the homes, I'll identify positive features, as well as negative ones. I'll even ask you to tell us about things you like and don't like.
It's widely common for buyers to change their must-have list as we tour homes and some items become far more crucial than others.
If that happens, I'll go back through all the listings again and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the market
My knowledge of the Bucklin housing market is an essential agent in your home search. I am acquainted with all the neighborhoods and schools, and I will let you know which districts are "hot" and warrant immediate action and some that are "cool" and allow for cautiousness.
As we tour homes, I'll make sure to communicate when the seller's list price has room for negotiation and also when I believe the home is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions. Every REALTOR will convince you they comprehend the home market.
If it appears they don't know everything, just call me at 620-826-3340 or e-mail me at , and I'd be happy to answer any questions you have. My knowledge of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find your dream home
We'll find the home of your dreams in Bucklin, and when that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are obtaining financing, finishing the inspection, and a clear title.
Upon presenting your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property, and it's typically put towards the cost of closing. If the seller accepts your offer, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the first offer, and it's pretty common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your financing limits. And at the end of the day, we'll compose a deal that's best for you.
Step 7 – Obtain financing
Once the contract is complete, you'll start working with your lender to close the loan.
This won't take long at all if you're pre-qualified, but you'll need to keep in close contact with your lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) detailing closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application.
The estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a precise range of accuracy, and I'll review the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will likely take place at a title company or escrow office and will most often be a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at 620-826-3340 or e-mail me at .