Buying a home in Bucklin
Purchasing a home is an intimidating event for most people, but with a little up-front planning, it isn't too complicated.
I like to provide buyers with an overview of the whole deal so they understand exactly what to expect.
Here 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 answer questions you have about this information.
Step 1 – Prepare to purchase a home
There are several things you need to do prior to starting your home search.
When you start your search, you'll want to create an index of features you need, get a feel for what school districts you'd like to live in, and begin planning your budget.
A good principle to adhere to is that your mortgage payment should be no more than 1/3 of your net monthly income.
Step 2 – Get in touch with a real estate agent in Bucklin
This is where Cossell Enterprises, Inc comes in.
We can arrange a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Bucklin area.
I'll also assist you in getting started on your loan.
Cossell Enterprises, Inc works with some of the best mortgage professionals in Bucklin, so you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
After we meet for the first time, I'll start finding houses on the market that are good for you.
I'll get a sneak peek of most of the homes and throw out the duds, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
When we view homes, I'll show you the positive features, as well as bad ones. I'll also ask you what things you like and dislike.
Usually, buyers change their wish 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 another time and trim it down to the home you've been wishing for.
Step 4 – Comprehend the housing market
An agent's awareness of the Bucklin home market is a necessary agent in your home search. And I assure you I'm familiar with all the neighborhoods and schools, and I'll communicate which areas are "hot" and warrant prompt action and others that are "cold" and allow for more consideration.
When we tour homes, I'll let you know if the seller's asking price has room for negotiation or if I believe the home is "priced to sell."
Be on guard and be sure to ask lots of questions, as any real estate agent will convince you they truly know the market.
If things don't add up, just call me at 6208265032 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 deal.
Step 5 – Find the home of your dreams
We'll find your dream home in Bucklin, and when that happens, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as acquiring financing, completing the home inspection, and a clean title.
Upon turning in your offer, you'll want to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer. It's really common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the deal.
We'll also work within your budget. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Secure financing
After we sign the final contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, this won't take long at all. However, you 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) detailing your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your 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 contain all closing costs and fall within a precise range of accuracy, and I'll analyze the estimate and let you know if everything looks good.
Then we'll close on your house. This will most often happen at a title company or escrow office and will probably be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 6208265032 or e-mail me at .