Buying or selling a home in Bucklin?
Buying a home is an intimidating event for many people, but it isn't that hard with a bit of planning ahead of time.
I like to provide buyers with an overview of the entire deal so they'll understand exactly what they can expect.
Below are my nine steps to buying a home.
Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are a lot of things you'll want to consider before you look for a home.
You'll probably want to make a check list of items you want, get a feeling for what neighborhoods you want to live in, and begin working on your budget.
A good principle to follow is that your mortgage payment should be no more than 1/3 of your monthly income.
Step 2 – Communicate with a real estate agent
That's where I come in.
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 discuss neighborhoods, schools in the Bucklin area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
I partner with some of the best mortgage professionals in Bucklin, so you're in great hands.
They'll assist you in determining which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our initial meeting, I'll begin searching for available houses on the market that are a great fit for you.
I'll preview most of the houses and remove the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.
As we view houses, I'll call attention to positive features and bad ones. I'll even ask you about things you like and dislike.
It's pretty common for buyers to change their wish list as we view homes and some features become more important than others.
If that's the case, I'll go back through the listings one more time and trim it down to the home you've been waiting for.
Step 4 – Get a grasp of the market
Your agent's awareness of the Bucklin housing market is a crucial agent in your home search. And I can assure you I'm familiar with all the neighborhoods and schools, and I'll let you know certain neighborhoods are "hot" and call for immediate action and some that are "cool" and allow for thoughtful analysis.
When we view houses, I'll let you know if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Every REALTOR in Bucklin will convince you they comprehend the market, but beware, and make sure you ask plenty of questions.
If it doesn't seem like they know everything, contact me at 620-826-3340 or e-mail me at , and I'd be happy to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the house of your dreams
I'm positive we'll find the home of your dreams in Bucklin. When that happens, I'll thoroughly create your home purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the inspection, and a clear title.
Upon submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property, and it's typically applied to the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's really common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And when it's all said and done, we'll create a contract that is best for you.
Step 7 – Secure a loan
Upon signing the deal, you'll start working with your lender to close the loan.
If you're already pre-qualified, it won't be a long process at all, but you should to stay in close contact with your lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
This estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and fall within a strict range of accuracy, and I'll review the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will most often occur at a title company or escrow office and will likely be a smooth and comfortable affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 620-826-3340 or e-mail me at .