Are you buying your new home in Bucklin? Cossell Enterprises, Inc can help.
For a lot of people, buying a home can be an intimidating event. But with some planning ahead of time, it's not too difficult.
I like to give buyers an outline of the whole deal so they'll know exactly what to expect.
These are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Prepare to buy
There are a lot of things you need to do prior to commencing your home search.
You'll probably want to create a checklist of features you need to have, get an idea of what school districts and neighborhoods you want to live in, and begin planning around your budget.
Keeping your mortgage payment less than a third of your monthly income is a good rule of thumb to go by.
Step 2 – Communicate with a real estate agent
This is where Cossell Enterprises, Inc can help.
We can schedule a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Bucklin area.
I'll also help you begin the loan process.
There are some very good mortgage professionals in Bucklin, and I work with a lot of them, so you'll be in great hands.
They'll help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
Following our first meeting, I'll start searching for available houses on the market that are a great fit for you.
I'll research most of the homes and eliminate the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.
When we view the homes, I'll show you the positive features and bad ones. I'll also ask you what things you like and don't like.
It's pretty common for buyers to change their must-have list as we view homes and some items become far more substantial than others.
If that's the situation, I'll go back through the listings one more time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
Your agent's knowledge of the Bucklin housing market is a necessary factor in your house search. And I can assure you I'm informed of all the schools and neighborhoods, and I'll alert you to what areas are "hot" and demand immediate action and some that are "cold" and allow for thoughtful consideration.
When we view homes, I'll let you know if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Any REALTOR in Bucklin will claim to comprehend the market.
If things don't add up, contact me at 6208265032 or e-mail me at , and I'll be more than happy to answer your questions. My understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the home of your dreams
We'll find the house of your dreams in Bucklin, and when we do, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as acquiring financing, completing the inspection, and a clean title.
When submitting your offer, you'll need to submit "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property, and it's typically put towards the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the initial offer. It's very common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Obtain your loan
Once we sign the final deal, you'll start working with your lender to close the loan.
If you're pre-qualified, this shouldn't take very long at all, but you'll need to keep in close contact with your mortgage lender.
And I'll look after all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) of your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your loan application.
The estimate depends on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks permissible.
Then we'll close on your home. This will likely take place at a title company or escrow office and will most likely be a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to contact me at 6208265032 or e-mail me at .