Let Cossell Enterprises, Inc help you with buying a home in Bucklin
With some up-front planning, buying a home isn't that hard, but the event is stressful for many people.
So they'll know exactly what to expect, I like to supply buyers with a road map of the whole deal.
Below are my nine steps to buying a home.
If you have any questions about this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are a lot of things you need to consider prior to beginning your home search.
When you start your search, you'll probably want to put together a check list of items you want to have, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget.
A good guideline to adhere to is that your mortgage payment should be around a third of your net monthly income.
Step 2 – Get in touch with a real estate agent in Bucklin
This is where I can help.
We can set up a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, schools in the Bucklin area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.
I can also assist you in getting started on your loan.
Cossell Enterprises, Inc partners with some of the finest mortgage professionals in Bucklin, 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 – Begin looking for a home
After we meet, I'll start looking for available houses on the market that suit your needs.
I'll research many of the homes and remove the duds, and then we'll book appointments to tour the houses when it's most convenient for you.
When we tour the houses, I'll call attention to positive features and negative ones. I'll also ask you to tell us about things you like and don't like.
Frequently, buyers amend their must-have list as we tour houses and some features become more important than others.
If that's the case, I'll search all the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Know the housing market
Your agent's knowledge of the Bucklin housing market is a fundamental component in your home search. And I can assure you I'm conscious of all the neighborhoods and school districts, and I will communicate which districts are "hot" and demand immediate action and others that are "cold" and allow for thoughtful analysis.
When we view homes, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I think the house is "priced to sell."
When working with an agent, be on guard and be sure to ask lots of questions. Every real estate agent will claim to truly know the market.
If it seems like they don't know everything, just call me at 620-826-3340 or e-mail me at , and I'd be happy to answer your questions. My understanding of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
I'm confident we'll find your dream house in Bucklin. When we do, I'll thoroughly create your purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, completing the home inspection, and a clean title.
When presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property and is often put towards the cost of closing. If your offer is accepted by the seller, we should close on the home within 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 initial offer, and it's really common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to consent 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 deal.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that works well for you.
Step 7 – Secure your loan
Once we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
It won't take much time at all if you've been pre-approved, but you'll need to keep in close contact with your lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) detailing closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of receiving your loan application.
The estimate is formed from the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a close range of accuracy. I'll examine the estimate and let you know if everything looks good.
Then we'll close on your home. This should take place 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 home. Enjoy it. And if you have any questions, make sure you call me at 620-826-3340 or e-mail me at .