Are you buying a home in Bucklin? Cossell Enterprises, Inc can help.
Purchasing a home is an intimidating event for a lot of people, but it's not all that confusing with some planning ahead of time.
I like to give buyers an outline of the whole deal so they know exactly what to expect.
Here are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have about this information.
Step 1 – Get ready to purchase a home
Before you start your home search, there are a lot of things you'll want to do.
When you begin your search, you'll want to make a list of features you need to have, get an idea of what school districts and neighborhoods you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is around 1/3 of your monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent
That's where I come in.
I'd be happy to book 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 plans for the future.
We'll talk about the mortgage industry, other economic factors that may potentially 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.
There are some excellent mortgage professionals in Bucklin, and I partner with a lot of them, so you'll be 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 – Begin house hunting
After our initial meeting, I'll begin finding homes on the market that are good for you.
I'll research many of the homes and remove the bad ones, and then we'll set up appointments to view the houses whenever it's most convenient for you.
As we tour the homes, I'll identify good features and negative ones. And I'll ask you about things you like and dislike.
Usually, buyers update their list of must-haves as we tour houses and some items become far more substantial than others.
If that happens, I'll look through all the listings once again and trim it down to the home of your dreams.
Step 4 – Know the housing market
My awareness of the Bucklin market is a crucial agent in your home search. I am informed of all the schools and neighborhoods, and I will communicate which districts are "hot" and require immediate action and the ones that are "cold" and allow for thoughtful consideration.
As we view houses, I'll be sure to tell you when the list price has room for bargaining and also when I know the home is "priced to sell."
Be mindful and make sure you ask a lot of questions, as every REALTOR in Bucklin will claim to comprehend the market.
If things don't add up, contact me at 620-826-3340 or e-mail me at , and I'll be glad to answer any questions you have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find your dream house
I'm certain we'll find your dream home in Bucklin. When that happens, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, finishing the inspection, and a clean title.
Upon turning in your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is often put towards the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the first offer – it's very common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing limits. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Secure a loan
Upon signing the contract, you'll start working with your lender to close the loan.
If you're pre-approved, this shouldn't be a long process at all, but you need to keep in close contact with your lender.
And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if everything looks adequate.
Then we'll close on your home. This will probably take place at a title company or escrow office and will likely be a smooth and easygoing occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just contact me at 620-826-3340 or e-mail me at .