Purchasing your home in Bucklin
Purchasing a home is stressful for many people, but it isn't very confusing with some planning ahead of time.
So they'll know exactly what to expect, I'll give buyers an outline of the entire deal.
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 glad to answer questions you have about this information.
Step 1 – Prepare to purchase a home
Prior to beginning your home search, there are plenty of things you should contemplate.
When you begin your search, you'll probably want to form a list of must-haves, get a plan of what school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than a third of your net monthly income is a good rule of thumb to follow.
Step 2 – Speak 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, school districts in the Bucklin area, the mortgage industry, and any other economic factors that may affect your buying decision today or in the future.
I can also help you facilitate the loan process.
Cossell Enterprises, Inc works with some of Bucklin's best mortgage professionals, so you can rest assured that you're in great hands.
They will help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking
After our first meeting, I'll start finding available homes on the market that meet your needs.
I'll get a sneak peek of many of the homes and ignore the bad ones, and then we'll set up appointments to view the houses whenever it's convenient for you.
When we tour homes, I'll call attention to good features and bad ones. I'll also ask you to tell us about things you like and don't like.
It's pretty common for buyers to amend their list of must-haves as we view homes and some items become more crucial than others.
If that's the case, I'll look through all the listings again and trim it down to the home you've been waiting for.
Step 4 – Know the market
My knowledge of the Bucklin home market is a leading element in your house search. I'm mindful of all the school districts and neighborhoods, and I'll alert you to certain areas are "hot" and require immediate action and the ones that are "cool" and allow for careful consideration.
As we tour houses, I'll let you know if the asking price has room for negotiation or if I believe the home is "priced to sell."
Be careful and be sure to ask plenty of questions, as every real estate agent will claim to truly understand the home market.
If things don't add up, just call me at 620-826-3340 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find your dream home
I'm positive we'll find the house of your dreams in Bucklin. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as acquiring financing, completing the home inspection, and a clean title.
When sending in your offer, you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the beginning offer. It's extremely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Secure financing
Upon completion of the contract, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, this shouldn't take very long at all, but you'll need to stay in close contact with your mortgage lender.
And I'll care for 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 mortgage lender within three days of receiving your loan application.
The estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a precise range of accuracy. I'll review the estimate and let you know if it all looks good.
Then we'll close on your home. This will probably occur at a title company or escrow office and is often a smooth and stress-free event.
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 contact me at 620-826-3340 or e-mail me at .