Looking to purchase a home in Bucklin? Cossell Enterprises, Inc can help.
For a lot of people, purchasing a home can be a stressful event. However, with a bit of up-front planning, it's not too complicated.
So they understand exactly what to expect, I'll supply buyers with an overview of the whole deal.
Here are my nine steps to buying a home.
If you have questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy a home
Before you begin looking for a home, there are plenty of things you should contemplate.
You'll want to create a check list of items you want, get a feeling for what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is around 30 percent of your monthly income is a good principle to adhere to.
Step 2 – Speak with a real estate agent in Bucklin
That's where I come in.
We'll schedule a time to get together 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 industry, to any other economic factors that could affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
Cossell Enterprises, Inc works with some of Bucklin's finest mortgage professionals, so you're in great hands.
They can assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
Following our initial meeting, I'll start looking for homes on the market that are a great fit for you.
I'll preview most of the homes and ignore the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we tour houses, I'll identify good features, as well as bad ones. I'll also ask you about things you like and dislike.
Usually, buyers amend their wish list as we view homes and some features become more substantial than others.
If that's the situation, I'll look through all the listings once again and trim it down to the home of your dreams.
Step 4 – Know the market
My understanding of the Bucklin housing market is a fundamental component in your house search. I am familiar with all the neighborhoods and schools, and I can alert you to which districts are "hot" and warrant prompt action and some that are "cool" and allow for thoughtful analysis.
As we tour houses, I'll make sure to communicate when the seller's asking price has room for bargaining and when I think the home is "priced to sell."
Be on guard and make sure you ask your agent a lot of questions, as any real estate agent will tell you they know the market.
If it seems like they don't know everything, call me at 6208265032 or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find your dream house
We'll find your dream home in Bucklin, and when that happens, I'll precisely create your home purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies, such as obtaining financing, completing the home inspection, and a clean title.
Upon submitting your offer, most likely you'll 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 typically applied to 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 enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer. It's really common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your budget. And at the end of the day, we'll put together a deal that's best for you.
Step 7 – Get financing
After we sign the final deal, you'll start working with your lender to close the loan.
It won't take very long at all if you've been pre-qualified, but you need to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) of your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a precise range of accuracy, and I'll review the estimate and let you know if it all looks all right.
Then it's time to close on your house. This will most likely happen at a title company or escrow office and should be a smooth and easygoing affair.
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, be sure to call me at 6208265032 or e-mail me at .