Buying or selling a home?
Purchasing a home can be stressful for most people, but with some planning ahead of time, it's not very hard.
So they'll understand exactly what to expect, I'll give buyers an outline of the whole deal.
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 address questions you have about this information.
Step 1 – Get ready to purchase
There are a lot of things you'll want to do before starting your home search.
You'll most likely want to form an outline of features you need, get a feel for what school districts and neighborhoods you want to live in, and start working on your budget.
Keeping your mortgage payment less than or around a third of your monthly income is a good guideline to follow.
Step 2 – Get in touch with a real estate agent in Kingwood
This is where I can help.
I'd be happy to set up a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Kingwood area.
In addition, I'll assist you with getting started on your loan.
I work with some of Kingwood's finest mortgage professionals, so you can rest assured that you're in great hands.
They'll assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Begin looking for a home
After we meet, I'll begin looking for available houses on the market that are a good fit for you.
I'll get a sneak peek of many of the homes and remove the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we view the homes, I'll identify good features and negative ones. I'll even ask you to tell us about things you like and don't like.
It's pretty common for buyers to update their must-have list as we view houses and some features become far more essential than others.
If that's the situation, I'll search all the listings once again and trim it down to the house you've been wishing for.
Step 4 – Know the market
My awareness of the Kingwood housing market is an essential aspect in your house search. I'm mindful of all the neighborhoods and schools, and I can let you know certain neighborhoods are "hot" and require prompt action and others that are "cold" and allow for thoughtful consideration.
As we view homes, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Trust your instincts and make sure you ask lots of questions, as every real estate agent will convince you they know the housing market.
If things don't add up, call me at (281) 851-4438 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house you've been waiting for
I know we'll find your dream home in Kingwood. When that happens, I'll thoroughly create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are getting financing, carrying out the inspection, and a clean title.
When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the beginning offer, and it's very common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a big part in how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll formulate a deal that's best for you.
Step 7 – Secure a loan
Once the deal is finalized, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, it won't take much time at all, but you need to stay in close contact with your mortgage 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) outlining your closing costs from your mortgage lender within three days of getting your loan application.
The estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then it's time to close on your home. This should occur at a title company or escrow office and will likely be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just contact me at (281) 851-4438 or e-mail me at .