Let Cossell Enterprises, Inc help you with buying your home in Bucklin
Purchasing a home intimidates a lot of people, but it's not too complex with a bit of up-front planning.
So they'll know exactly what they can expect, I'll give buyers a road map of the whole deal.
Below are my nine steps to buying a home.
If you have questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy a home
Before you start searching for a home, there are many things you'll want to take into account.
When you begin your search, you'll want to form a list of items you need, plan for what school districts and neighborhoods you want to live in, and start working on your budget.
A good rule to follow is that your mortgage payment should be less than a third of your net monthly income.
Step 2 – Connect with a real estate agent
This is where I can help.
I'd be happy to schedule a time to meet with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Bucklin area.
In addition, I'll assist you with getting started on your loan.
Cossell Enterprises, Inc works with some of the finest mortgage professionals in Bucklin, so you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After our first meeting, I'll begin searching for houses on the market that best suit you.
I'll research most of the homes and ignore the duds, and then we'll book appointments to view the houses at a time that's convenient for you.
As we tour the houses, I'll identify positive features and negative ones. I'll also ask you to point out what things you like and dislike.
Oftentimes, buyers revise their list of must-haves as we view homes and some items become far more necessary than others.
If that happens, I'll go back through all the listings one more time and narrow it down to the home of your dreams.
Step 4 – Comprehend the housing market
An agent's awareness of the Bucklin housing market is a crucial element in your house search. And I can assure you I'm familiar with all the schools and neighborhoods, and I will alert you to certain neighborhoods are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful consideration.
As we tour houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions. Any real estate agent in Bucklin will convince you they understand the housing market.
If things don't add up, just call me at 620-826-3340 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home of your dreams
I know we'll find your dream house in the Bucklin area. When we do, I'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property. The amount is typically applied to the cost of closing. If your offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer, and it's really common to receive a counter offer. Don't let this intimidate you. We'll consider 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.
We'll also work within your budget. And at the end of the day, we'll assemble a deal that's best for you.
Step 7 – Get your loan
Upon completion of the deal, you'll start working with your lender to close the loan.
If you've been pre-approved, it shouldn't be a long process at all. However, you'll need to keep in close contact with your lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application.
This estimate is formed from the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy. I'll analyze the estimate and let you know if it all looks good.
Then we'll close on your house. This should occur at a title company or escrow office and is often a smooth and easygoing event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call me at 620-826-3340 or e-mail me at .