Are you looking to purchase your new home in Bucklin? Cossell Enterprises, Inc can help.
Purchasing a home is intimidating for most people, but with a little planning ahead of time, it isn't too complex.
So they know exactly what to expect, I'll furnish buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
Should you have questions about this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy a home
There are many things you should do before beginning your home search.
When you start your search, you'll probably want to assemble a check list of items you want to have, get an idea of what neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good principle to go by.
Step 2 – Communicate with a real estate agent
This is where Cossell Enterprises, Inc comes in.
We'll arrange a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, school districts in the Bucklin area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you facilitate the loan process.
There are some very good mortgage professionals in Bucklin, and I work with a lot of them, so you'll be in great hands.
They will help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
After our initial meeting, I'll begin looking for homes on the market that suit your needs.
I'll get a sneak peek of most of the homes and throw out the duds, and then we'll book appointments to tour the houses when it's most convenient for you.
When we view houses, I'll identify positive features and negative ones. I'll even ask you what things you like and dislike.
As a rule, buyers amend their must-have list as we view houses and some features become far more important than others.
If that's the situation, I'll search all the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Comprehend the market
My knowledge of the Bucklin housing market is a fundamental factor in your house search. I am informed of all the neighborhoods and school districts, and I can let you know certain districts are "hot" and call for immediate action and some that are "cold" and allow for thoughtful analysis.
As we view homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
Any real estate agent in Bucklin will claim to truly know the market, but beware, and make sure you ask plenty of questions.
If it seems like they don't know everything, call me at 620-826-3340 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will keep you a step ahead through the entire process.
Step 5 – Find the home of your dreams
I'm positive we'll find your dream home in Bucklin. When that happens, I'll carefully create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, finishing the inspection, and a clear title.
Upon submitting your offer, most likely you'll want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's often applied to the closing costs. If your offer is accepted, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer. It's extremely common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Obtain a loan
After the contract is finalized, you'll start working with your lender to close the loan.
This shouldn't be a long process at all if you're already pre-approved, but you'll want to keep in close contact with your lender.
And I'll deal with all the property information your lender will need 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 getting your application.
The estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a tight range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most often take place at a title company or escrow office and will most often be a smooth and easygoing event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you contact me at 620-826-3340 or e-mail me at .