Let Cossell Enterprises, Inc assist you with purchasing your new home in Bucklin
Buying a home is an intimidating event for most people, but with some planning ahead of time, it isn't that complex.
So they know exactly what to expect, I like to provide buyers with a road map of the entire deal.
Here are my nine steps to buying a home.
Should you have any questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy
Prior to beginning your home search, there are many things you'll want to take into account.
You'll want to create a check list of features you need, get a feeling for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is less than a third of your net monthly income is a good principle to follow.
Step 2 – Speak with a real estate agent
This is where I can help.
We'll schedule a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Bucklin area.
In addition, I'll assist you with getting started on your loan.
There are some excellent mortgage professionals in Bucklin, and I partner with a lot of them, so you're in great hands.
They can help you figure out 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 start finding houses on the market that meet your needs.
I'll research most of the homes and throw out the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.
As we view homes, I'll point out positive features, as well as negative ones. And I'll ask you about things you like and dislike.
It's common for buyers to update their list of must-haves as we tour homes and some features become more crucial than others.
If that's the case, I'll search all the listings once more and narrow it down to the house of your dreams.
Step 4 – Know the market
My awareness of the Bucklin home market is an essential component in your house search. I'm acquainted with all the school districts and neighborhoods, and I'll let you know which areas are "hot" and call for immediate action and the ones that are "cool" and allow for thoughtful examination.
When we tour homes, I'll make sure to communicate when the asking price has room for negotiation and when I know the house is "priced to sell."
Trust your instincts and be sure to ask lots of questions, as every REALTOR in Bucklin will claim to truly know the housing market.
If it seems like they don't know everything, call me at 620-826-3340 or e-mail me at , and I'd be glad to answer any questions you may have. My market expertise will help you stay a step ahead throughout the entire process.
Step 5 – Find the house you've been waiting for
We'll find the home of your dreams in Bucklin, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.
When we present your purchase offer, you'll likely want to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property. The amount is most often applied to the closing costs. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer, and it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Obtain your loan
Upon completing the deal, you'll begin working with your lender to close the loan.
If you're pre-qualified, it shouldn't be a long process at all. However, you'll need 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
Your mortgage lender will furnish you with a Loan Estimate (LE) of closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your loan application.
The estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a strict range of accuracy. I'll examine the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most often happen at a title company or escrow office and will most often be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call me at 620-826-3340 or e-mail me at .