Let Coldwell Banker High Country Realty assist you with buying your new home in Murphy
Purchasing a home is an intimidating event for a lot of people, but it isn't that complicated with some up-front planning.
So they know exactly what they can expect, I like to provide buyers with a road map of the entire deal.
Below 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 about this information.
Step 1 – Get ready to purchase
There are plenty of things you should do before beginning your home search.
You'll want to create an index of features you need to have, plan for what neighborhoods you'd like to live in, and start working on your budget.
Keeping your mortgage payment less than or close to a third of your net monthly income is a good principle to follow.
Step 2 – Get in touch with a real estate agent in Murphy
This is where Coldwell Banker High Country Realty comes in.
I'd like to book a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, schools in the Murphy area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.
I'll also help you begin the loan process.
There are some very good mortgage professionals in Murphy, and I work with a lot of them, so you're in great hands.
They can assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After our initial meeting, I'll start finding available houses on the market that are a great fit for you.
I'll research most of the homes and eliminate the duds, and then we'll book appointments to tour the homes when it's most convenient for you.
When we view the houses, I'll call attention to positive features and bad ones. And I'll ask you to talk about things you like and don't like.
Generally, buyers revise their wish list as we view homes and some features become more substantial than others.
If that's the situation, I'll look through the listings once more and trim it down to the house of your dreams.
Step 4 – Know the housing market
My awareness of the Murphy housing market is a leading aspect in your home search. I am acquainted with all the neighborhoods and schools, and I will alert you to some areas are "hot" and demand immediate action and some that are "cold" and allow for cautiousness.
As we tour homes, I'll let you know if the list price has room for bargaining or if I believe the house is "priced to sell."
Any real estate agent will convince you they truly know the market, but trust your instincts, and be sure to ask a lot of questions.
If things don't add up, call me at 828-835-8500 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step ahead through the entire process.
Step 5 – Find the house of your dreams
I'm confident we'll find the house of your dreams in Murphy. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as obtaining financing, completing the inspection, and a clean title.
When we turn in your offer, most likely you'll need to present "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property and is typically applied to 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 sufficient time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the initial offer, and it's very common to receive a counter offer. But don't let it discourage you. We'll talk about 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 vital role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Get financing
After the deal is signed, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, this shouldn't take much time at all. However, 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) of closing costs from your mortgage lender within three days of taking your application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a narrow range of accuracy, and I'll review the estimate and let you know if it all looks all right.
Then we'll close on your home. This will most often occur at a title company or escrow office and will most often be a smooth and comfortable occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 828-835-8500 or e-mail me at .