Buying or selling a home? RE/Max Associates Northeast can help.

For most people, purchasing a home can be an intimidating event. But with a bit of up-front planning, it isn't too hard. I like to give buyers an outline of the entire deal so they'll understand exactly what they can expect. These are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have about this information.

Step 1 – Get ready to purchase
There are many things you should do prior to beginning your home search. It's likely that you'll want to put together an index of items you want to have, get a feeling for what school districts you want to live in, and begin planning your budget. Keeping your mortgage payment around 1/3 of your net monthly income is a good principle to go by.

Step 2 – Communicate with a real estate agent in Kingwood
This is where I come in. We'll plan a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Kingwood area.

In addition, I'll help you start the loan process. I partner with some of Kingwood's best mortgage professionals, so you'll be in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a house
Following our first meeting, I'll begin searching for homes on the market that meet your needs. I'll preview most of the houses and eliminate the bad ones, and then we'll book appointments to view the houses at a time that's convenient for you.

As we tour houses, I'll show you the positive features, as well as bad ones. And I'll ask you to point out what things you like and dislike. For the most part, buyers change their must-have list as we view homes and some things become more crucial than others. If that's the situation, I'll look through the listings once more and narrow it down to the home you've been waiting for.

Step 4 – Understand the market
An agent's awareness of the Kingwood home market is an essential factor in your home search. And I assure you I'm informed of all the neighborhoods and schools, and I will let you know what neighborhoods are "hot" and warrant prompt action and some that are "cool" and allow for careful consideration.

When we view homes, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask a lot of questions. Any REALTOR in Kingwood will claim to understand the home market. If things don't add up, contact me at (281) 851-4438 or e-mail me at , and I'll be glad to answer your questions. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find your dream home
We'll find your dream house in Kingwood, and when that happens, I'll thoroughly create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.

Upon submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property, and it's most often put towards the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the first offer, and it's pretty common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to take 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 conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Obtain your loan
After we sign the final contract, you'll begin working with your lender to close the loan. If you're already pre-approved, it won't take long at all, but you need to stay in close contact with your lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your loan application. The estimate depends on the loan amount, and RESPA requirements order 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 everything looks all right.

Then it's time to close on your house. This will likely take place at a title company or escrow office and will most likely be a smooth and pleasant occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just call me at (281) 851-4438 or e-mail me at .

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