Buying or selling a home?

For a lot of people, purchasing a home is a stressful event. But with a little planning ahead of time, it isn't that confusing. I like to furnish buyers with an outline of the entire deal so they'll understand exactly what they can expect. These are my nine steps to buying a home. Should you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
There are a lot of things you need to consider before beginning your home search. You'll want to put together a list of features you need, plan for what school districts and neighborhoods you'd like to live in, and begin working on your budget. A good guideline to go by is that your mortgage payment should be close to 1/3 of your net monthly income.

Step 2 – Speak with a real estate agent in Bucklin
This is where Cossell Enterprises, Inc comes in. I'd be more than happy to arrange a time to get together with you and talk about why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Bucklin area, the mortgage and housing industries, and any additional economic factors that might 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 best mortgage professionals, so you'll be in great hands. They'll help you figure out which type of loan is best for you, as well as help you get approved.

Step 3 – Start house-hunting
After our initial meeting, I'll start finding available houses on the market that are a great fit for you. I'll get a sneak peek of most of the homes and reject the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.

As we view the homes, I'll show you the positive features, as well as negative ones. I'll even ask you about things you like and dislike. It's common for buyers to update their must-have list as we view homes and some things become far more substantial than others. If such is the case, I'll look through all the listings one more time and narrow it down to the house you've been waiting for.

Step 4 – Comprehend the housing market
An agent's knowledge of the Bucklin home market is a leading aspect in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I can alert you to which neighborhoods are "hot" and require immediate action and the ones that are "cold" and allow for careful examination.

As we view homes, I'll let you know when the seller's asking price has room for bargaining and when I trust the house is "priced to sell." Be mindful and make sure you ask a lot of questions, as any REALTOR in Bucklin will tell you they comprehend 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 glad to answer any questions you have. My understanding of the market will keep you a step above the rest through the entire process.

Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in Bucklin, and when we do, I'll carefully develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.

When we submit your offer, you'll likely want to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property. The amount is most often put towards the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer. It's extremely common to receive a counter offer. Don't let it intimidate 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 go on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing constraints. And at the end of the day, we'll compose a deal that works well for you.

Step 7 – Secure a loan
After the contract is finalized, you'll begin working with your mortgage lender to close the loan. If you've been pre-approved, this shouldn't take very long at all. But you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of receiving your application. The estimate is formed from the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a narrow range of accuracy. I'll study the estimate and let you know if it all looks okay.

Then we'll close on your house. This will most often take place at a title company or escrow office and will most likely be a smooth and relaxed affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at 620-826-3340 or e-mail me at .

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