Buying or selling a home in Murphy?

Buying a home is a stressful event for many people. However, with some planning ahead of time, it isn't all that complicated. I like to furnish buyers with a road map of the entire deal so they'll know exactly what they can expect. These are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.

Step 1 – Prepare to purchase
Before you begin looking for a home, there are many things you need to take into account. When you start your search, you'll probably want to create a checklist of items you need to have, get an idea of what school districts you want to live in, and begin working on your budget. Ensuring your mortgage payment is less than or around 1/3 of your net monthly income is a good rule of thumb to adhere to.

Step 2 – Talk to a real estate agent in Murphy
That's where I can help. I'd love to plan a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Murphy area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.

I'll also help you start the loan process. I work with some of the best mortgage professionals in Murphy, so you can rest assured that you're in great hands. They can assist you with figuring out which type of loan is best for you and help you get approved.

Step 3 – Start house hunting
After our first meeting, I'll begin looking for available homes on the market that are good for you. I'll research many of the homes and exclude the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.

As we tour the homes, I'll identify positive features, as well as bad ones. I'll even ask you to point out what things you like and don't like. It's widely common for buyers to update their must-have list as we view houses and some features become more important than others. If such is the case, I'll search all the listings once more and narrow it down to the house you've been wishing for.

Step 4 – Know the housing market
Your agent's awareness of the Murphy home market is a fundamental agent in your house search. And I assure you I'm conscious of all the neighborhoods and school districts, and I'll alert you to which districts are "hot" and require immediate action and some that are "cold" and allow for more consideration.

When we view houses, I'll be sure to tell you when the list price has room for negotiation and also when I think the house is "priced to sell." Be careful and be sure to ask your agent plenty of questions, as every real estate agent in Murphy will claim to comprehend the market. If it seems like they don't know everything, contact me at 828-835-8500 or e-mail me at , and I'll be happy to answer any questions you may have. My market knowledge will help you stay a step ahead throughout the entire process.

Step 5 – Find the house you've been waiting for
I'm certain we'll find the home of your dreams in the Murphy area. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies. A few examples are obtaining financing, completing the home inspection, and a clean title.

Upon sending in your offer, you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer, and it's extremely common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

Market circumstances determine how aggressively we negotiate the deal. We'll also work within your financing limits. And at the end of the day, we'll formulate a contract that's best for you.

Step 7 – Secure a loan
After we sign the final deal, you'll start working with your lender to close the loan. If you're already pre-approved, this won't be a long process at all, but you'll want to stay in close contact with your mortgage lender. And I'll take care of all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of accepting your loan application. The estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a precise range of accuracy. I'll analyze the estimate and let you know if it all looks all right.

Then we'll close on your home. This will most likely occur at a title company or escrow office and should be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at 828-835-8500 or e-mail me at .

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