Purchasing your new home in Murphy?

With some up-front planning, purchasing a home isn't very hard, but the event intimidates many people. So they'll understand exactly what they can expect, I like to give buyers a road map of the whole deal. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have about this information.

Step 1 – Get ready to purchase
There are many things you'll want to contemplate before commencing your home search. When you begin your search, you'll want to create a checklist of items you need, get a feel for what neighborhoods you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good rule of thumb to go by.

Step 2 – Contact a real estate agent in Murphy
This is where I can help. 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 upcoming plans. We'll talk about the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the Murphy area.

In addition, I'll help you begin the loan process. There are some great mortgage professionals in Murphy, and I work with a lot of them, so you can rest assured that you're in great hands. They will assist you in figuring out which kind of loan is best for you and help you get approved.

Step 3 – Start looking for a house
After our initial meeting, I'll begin finding available homes on the market that suit your needs. I'll preview most of the homes and reject the bad ones, and then we'll book appointments to view the houses at a time that's convenient for you.

When we view the houses, I'll show you the good features, as well as bad ones. I'll also ask you to talk about things you like and don't like. As a rule, buyers update their list of must-haves as we view homes and some items become more crucial than others. If such is the case, I'll go back through all the listings again and narrow it down to the house of your dreams.

Step 4 – Comprehend the market
An agent's awareness of the Murphy housing market is a fundamental aspect in your home search. And I can assure you I'm informed of all the school districts and neighborhoods, and I'll alert you to certain areas are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful analysis.

When we tour houses, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions. Any REALTOR in Murphy will convince you they truly understand the housing market. If things don't add up, contact me at 828-835-8500 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market expertise will keep you a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
I'm sure we'll find the home of your dreams in the Murphy area. When that happens, I'll precisely develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as getting financing, completing the home inspection, and a clean title.

When sending in your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property. The amount is most often applied to the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the first offer – it's really common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a part in how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a contract that is best for you.

Step 7 – Obtain a loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you're pre-qualified, it shouldn't take much time at all, but you need to stay in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) outlining closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of accepting your loan application. This estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a narrow range of accuracy, and I'll analyze the estimate and let you know if everything looks good.

Then it's time to close on your home. This will likely occur at a title company or escrow office and will probably be a smooth and peaceful 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 contact me at 828-835-8500 or e-mail me at .

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