Buying or selling a home in Kennesaw?
For a lot of people, buying a home can be an intimidating event. However, with a bit of planning ahead of time, it isn't very hard.
I like to provide buyers with an outline of the entire deal so they'll understand exactly what they can expect.
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, you can contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to buy
There are several things you should do before you start searching for a home.
When you begin your search, you'll want to put together an index of items you need to have, get an idea of what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good principle to go by is that your mortgage payment should be around 1/3 of your net monthly income.
Step 2 – Communicate with a real estate agent
This is where REMAX Unlimited comes in.
I'd like to plan a time to get together with you and communicate with you about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Kennesaw area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I can also help you get started on your loan.
There are some excellent mortgage professionals in Kennesaw, and I work with a lot of them, so you're in great hands.
They can help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After our initial meeting, I'll start looking for available homes on the market that are good for you.
I'll get a sneak peek of most of the homes and eliminate the duds, and then we'll set up appointments to tour the homes at a time that's convenient for you.
As we tour homes, I'll call attention to good features, as well as bad ones. And I'll ask you to tell me about things you like and dislike.
It's widely common for buyers to update their must-have list as we view homes and some things become more substantial than others.
If that's the case, I'll go back through the listings one more time and narrow it down to the home you've been wishing for.
Step 4 – Get a feel for the housing market
My awareness of the Kennesaw housing market is a fundamental resource in your house search. I'm informed of all the schools and neighborhoods, and I can communicate what districts are "hot" and require immediate action and the others that are "cool" and allow for thoughtful examination.
When we view homes, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions, as every REALTOR® will convince you they know the 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 happy to answer any questions you might have. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home you've been waiting for
I'm sure we'll find the house of your dreams in the Kennesaw area. When that happens, I'll meticulously develop your home purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as getting financing, completing the inspection, and a clean title.
Upon presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property. The amount is often applied to the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the first offer, and it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or reject 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 financing limits. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Obtain financing
After we sign the final deal, you'll start working with your lender to close the loan.
This won't take long at all if you've been pre-approved, but you'll want to stay in close contact with your lender.
And I'll handle all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
Your mortgage lender will furnish you with a Good Faith Estimate (GFE) of closing costs within three days of taking your application.
This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and fall within a precise range of accuracy. I'll study the estimate and let you know if it all looks permissible.
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 event.
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, just contact me at (678) 388-1110 or send me an e-mail.