Let REMAX Unlimited assist you in buying a home in Kennesaw
Buying a home is a stressful event for most people, but with a little planning ahead of time, it isn't too complicated.
I like to provide buyers with an overview of the whole deal so they understand exactly what they can expect.
These are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or send me e-mail
. I'm happy to address any questions you have regarding this information.
Step 1 – Get ready to purchase
There are several things you'll want to contemplate before you start looking for a home.
When you start your search, you'll want to assemble an outline of features you want, get a feel for what school districts and neighborhoods you'd like to live in, and start working on your budget.
Keeping your mortgage payment around 30 percent of your monthly income is a good guideline to adhere to.
Step 2 – Contact a real estate agent in Kennesaw
That's where I come in.
I'll arrange a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Kennesaw area.
I can also help you get started on your loan.
There are some great mortgage professionals in Kennesaw, and I partner with a lot of them, so you'll be in great hands.
They will assist you with choosing which type 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 searching for available homes on the market that are a great fit for you.
I'll research most of the houses and exclude the duds, and then we'll set up appointments to tour the houses when it's most convenient for you.
As we view homes, I'll call attention to positive features and bad ones. I'll even ask you to tell me about things you like and dislike.
It's common for buyers to change their list of must-haves as we view homes and some features become far more necessary than others.
If that's the situation, I'll look through all the listings one more time and trim it down to the house you've been dreaming about.
Step 4 – Understand the market
An agent's understanding of the Kennesaw home market is a necessary element in your house search. And I assure you I'm mindful of all the neighborhoods and schools, and I will let you know what neighborhoods are "hot" and warrant prompt action and the ones that are "cold" and allow for careful examination.
When we tour homes, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I think the house is "priced to sell."
Be careful and make sure you ask plenty of questions, as every real estate agent will convince you they know the housing market.
If things don't add up, contact me at (678) 388-1110 or e-mail me at email@example.com, and I'll be more than happy to answer any questions you might have. My knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you've been waiting for
I know we'll find your dream home in Kennesaw, and when that happens, I'll thoroughly develop your purchase offer. The offer will be made to suit your needs. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
When we submit your offer, most likely you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property. The amount is most often put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the first offer, and it's widely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Secure a loan
Once the contract is finished, you'll start working with your lender to close the loan.
If you're already pre-qualified, it shouldn't take very long at all. But you need to stay in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.>
You'll get a Good Faith Estimate (GFE) outlining closing costs from your mortgage lender within three days of receiving your loan application.
This estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a narrow range of accuracy. I'll examine the estimate and let you know if everything looks good.
Then we'll close on your house. This will probably occur at a title company or escrow office and should be a smooth and relaxing affair.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to contact me at (678) 388-1110 or send me an e-mail.