Purchasing a home in Kennesaw
Buying a home intimidates most people, but it's not all that confusing with a little planning ahead of time.
So you understand exactly what to expect, I like to provide my buyers with an overview of the whole deal.
Here are my nine steps to buying a home.
If you have any questions about this information or if you're prepared to get started, just contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to purchase
Before you begin searching for a home, there are many things you should contemplate.
It's likely that you'll want to form an outline of items you want, get a feel for what neighborhoods and school districts you want to live in, and begin planning your budget.
A good rule of thumb to follow is that your mortgage payment should be less than or close to 1/3 of your monthly income.
Step 2 – Get with a real estate agent in Kennesaw
This is where I come in.
I'd like to book a time to get together with you and communicate with you regarding your real estate needs and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Kennesaw area.
I can also assist you with getting started on your loan.
REMAX Unlimited partners with some of the finest mortgage professionals in Kennesaw, so you can rest assured that you're in great hands.
They will assist you with deciding which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet for the first time, I'll begin looking for available houses on the market that meet your needs.
I'll get a sneak peek of many of the homes and reject the duds, and then we'll set up appointments to view the homes at a time that's convenient for you.
When we view homes, I'll call attention to positive features, as well as bad ones. I'll even ask you to tell me about things you like and dislike.
Generally, buyers change their list of must-haves as we tour homes and some features become far more crucial than others.
If that happens, I'll look through all the listings once again and trim it down to the home of your dreams.
Step 4 – Understand the market
Your agent's awareness of the Kennesaw home market is an essential element in your house search. And I can assure you I'm informed of all the neighborhoods and school districts, and I can let you know which neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for more analysis.
When we view houses, 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."
Trust your instincts and be sure to ask your agent plenty of questions, as any real estate agent in Kennesaw will convince you they know the housing market.
If it appears they don't know everything, call me at (678) 388-1110 or e-mail me at email@example.com, and I'd be happy to answer your questions. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
I'm confident we'll find your dream house in the Kennesaw area, and when we do, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When submitting your purchase 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 buy the property, and it's typically put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 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 beginning offer. It's extremely common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Secure a loan
Upon completing the contract, you'll begin working with your lender to close the loan.
If you're pre-qualified, this won't take much time at all, but you need to keep in close contact with your lender.
And I'll manage all the property information your lender needs to close the loan.>
You'll get a Good Faith Estimate (GFE) detailing your closing costs from your mortgage lender within three days of taking your loan application.
The estimate depends on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a tight range of accuracy. I'll examine the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will likely happen at a title company or escrow office and will most often be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at (678) 388-1110 or send me an e-mail.