Buying or selling a home?

For many people, purchasing a home can be an intimidating event. But with a bit of up-front planning, it's not too hard. So they know exactly what to expect, I will give buyers an overview of the entire 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 buy a home
Before you start your home search, there are many things you need to do. You'll want to make an index of items you need, plan for what school districts you want to live in, and start planning your budget. A good rule to adhere to is that your mortgage payment should be no more than 30 percent of your monthly income.

Step 2 – Talk to a real estate agent
This is where I come in. We'll plan a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, school districts in the Murphy area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.

I can also help you facilitate the loan process. There are some very good mortgage professionals in Murphy, and I partner with a lot of them, so you can rest assured that you're in great hands. They will help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin house hunting
After we meet for the first time, I'll begin looking for homes on the market that are a great fit for you. I'll get a sneak peek of many of the homes and eliminate the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.

When we tour homes, I'll show you the positive features and bad ones. And I'll ask you to tell us about things you like and dislike. It's common for buyers to change their wish list as we view homes and some features become far more substantial than others. If that's the case, I'll search the listings once more and trim it down to the home you've been wishing for.

Step 4 – Get a grasp of the housing market
My knowledge of the Murphy home market is a leading component in your house search. I am mindful of all the neighborhoods and school districts, and I'll alert you to certain areas are "hot" and call for immediate action and others that are "cold" and allow for thoughtful consideration.

As we tour 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." When working with an agent, trust your instincts and make sure you ask a lot of questions, as every real estate agent will claim to understand the housing market. If things don't add up, just call me at 828-835-8500 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the house you've been waiting for
We'll find your dream home in Murphy, and when that happens, I'll precisely develop your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as acquiring financing, finishing the inspection, and a clear title.

When presenting your purchase offer, you'll likely want to present "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property. The amount is often applied to the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts aren't closed on the first offer. It's widely common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market conditions will play a large role in how aggressively we negotiate the contract. We'll also work within your financing limits. And at the end of the day, we'll assemble a deal that's best for you.

Step 7 – Obtain financing
Upon finishing the contract, you'll begin working with your lender to close the loan. This won't take long at all if you've been pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll care for 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 lender within three days of getting your application. This estimate is based on the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a precise range of accuracy, and I'll review the estimate and let you know if it all looks okay.

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

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at 828-835-8500 or e-mail me at .

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