Buying your home in Bucklin with Cossell Enterprises, Inc
For a lot of people, purchasing a home is a stressful event. However, with a bit of planning ahead of time, it isn't all that complicated.
I like to provide buyers with an outline of the whole deal so they know exactly what they can expect.
Here are my nine steps to purchasing a home.
If you have questions about this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are many things you'll want to contemplate before you search for a home.
You'll probably want to form a list of items you want to have, get an idea of what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than or close to 30 percent of your net monthly income is a good guideline to follow.
Step 2 – Communicate with a real estate agent in Bucklin
That's where I come in.
We can book a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Bucklin area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
I can also help you start the loan process.
There are some great mortgage professionals in Bucklin, and I work with a lot of them, so you can rest assured that you're in great hands.
They will help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a house
After our first meeting, I'll begin looking for available homes on the market that suit your needs.
I'll research most of the homes and remove the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
As we view the houses, I'll identify positive features and bad ones. I'll also ask you to point out what things you like and dislike.
It's widely common for buyers to amend their must-have list as we view houses and some features become more crucial than others.
If that's the case, I'll go back through all the listings once again and narrow it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
Your agent's understanding of the Bucklin home market is a leading factor in your home search. And I can assure you I'm mindful of all the school districts and neighborhoods, and I will communicate which areas are "hot" and demand immediate action and others that are "cold" and allow for thoughtful consideration.
As we tour houses, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions, as any REALTOR in Bucklin will claim to truly know the housing market.
If things don't add up, just call me at 620-826-3340 or e-mail me at , and I'll be happy to answer your questions. My market knowledge will keep you a step ahead through the entire deal.
Step 5 – Find your dream house
I'm sure we'll find the house of your dreams in the Bucklin area. When we do, I'll thoroughly develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are acquiring financing, completing the home inspection, and a clear title.
When sending in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property. The amount is typically put towards the closing costs. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the first offer, and it's really common to receive a counter offer. Don't let this discourage you. We'll consider whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing budget. And at the end of the day, we'll put together a deal that is best for you.
Step 7 – Secure your loan
Upon signing the deal, you'll begin working with your mortgage lender to close the loan.
It won't be a long process at all if you're already pre-approved, but you should to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) detailing closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your loan application.
The estimate is formed from the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will likely occur at a title company or escrow office and will most often be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at 620-826-3340 or e-mail me at .