Let REMAX Unlimited help you with purchasing a new home in Kennesaw
Buying a home is intimidating for many people, but it isn't that complicated with a little up-front planning. We like to supply buyers with an overview of the whole deal so they know exactly what they can expect. These are our nine steps to buying a home.
Step 1 – Get ready to buy
Before you begin looking for a home, there are several things you'll want to take into account. You'll most likely want to assemble an outline of features you need to have, get a plan of what neighborhoods and school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than a third of your monthly income is a good rule of thumb to go by.
Step 2 – Contact a real estate agent in Kennesaw
That's where we can help. We'd love to schedule a time to meet 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 talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and schools in the Kennesaw area.
In addition, we'll help you facilitate the loan process. We partner with some of the best mortgage professionals in Kennesaw, so you're in great hands. They can assist you with figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After we meet for the first time, we'll begin searching for houses on the market that are a good fit for you. We'll preview most of the houses and remove the bad ones, and then we'll book appointments to tour the houses when it's convenient for you.
As we view the homes, we'll show you the good features and negative ones. And we'll ask you what things you like and don't like. Oftentimes, buyers change their list of must-haves as we view homes and some things become more necessary than others. If such is the case, we'll go back through all the listings once again and narrow it down to the house you've been wishing for.
Step 4 – Get a feel for the housing market
Your agent's knowledge of the Kennesaw housing market is an essential agent in your house search. And we assure you we're well acquainted with all the neighborhoods and schools, and we can communicate some areas are "hot" and demand immediate action and the rest that are "cold" and allow for cautiousness.
When we view houses, we'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be on guard and make sure you ask plenty of questions, as any REALTOR® will convince you they understand the home market. If it appears they don't know everything, contact us at (678) 388-1110 or e-mail us at firstname.lastname@example.org, and we'd be happy to answer any questions you have. Our knowledge of the market will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house you've been waiting for
We're sure we'll find the home of your dreams in the Kennesaw area. When that happens, we'll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies, such as getting financing, completing the home inspection, and a clean title.
When we submit your purchase offer, you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property and is often put towards the cost of closing. If the offer is accepted, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer. It's extremely common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.
The state of the market will play a part in how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Obtain financing
Upon signing the deal, you'll begin working with your lender to close the loan. If you're pre-approved, this shouldn't take long at all. However, you should to stay in close contact with your lender. And we'll look after all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing your closing costs from your mortgage lender within three days of accepting your loan application. This estimate rests on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy. we'll examine the estimate and let you know if it all looks adequate.
Then we'll close on your house. This should occur at a title company or escrow office and will most often be a smooth and hassle-free occurrence.
Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call us at (678) 388-1110 or send us an e-mail.