Buying or selling a home in Kennesaw? REMAX Unlimited can help.
Buying a home is stressful for a lot of people. However, with some planning ahead of time, it isn't all that complex. I like to provide buyers with a road map of the entire deal so they'll know exactly what to expect. Here are my nine steps to purchasing a home.
Step 1 – Prepare to buy a home
Before you commence your home search, there are several things you need to contemplate. When you begin your search, you'll probably want to form an outline of items you need to have, get a plan of what school districts and neighborhoods you want to live in, and begin planning your budget. Keeping your mortgage payment less than or close to a third of your monthly income is a good rule to go by.
Step 2 – Get in touch with a real estate agent
This is where REMAX Unlimited can help. I'd like to set up a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Kennesaw area, the mortgage and housing industries, and any additional economic factors that could potentially affect your buying decision today or in the future.
I can also assist you in getting started on your loan. REMAX Unlimited works with some of Kennesaw's finest mortgage professionals, so you're in great hands. They will assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Start looking for a house
After our initial meeting, I'll start looking for available houses on the market that are good for you. I'll preview most of the houses and reject the bad ones, and then we'll book appointments to view the homes when it's convenient for you.
As we tour homes, I'll call attention to positive features and bad ones. And I'll ask you to point out what things you like and dislike. Usually, buyers update their must-have list as we view houses and some things become far more important than others. If that happens, I'll look through all the listings one more time and trim it down to the home of your dreams.
Step 4 – Get a feel for the housing market
My knowledge of the Kennesaw market is an essential advantage in your home search. I am informed of all the neighborhoods and school districts, and I will let you know some areas are "hot" and call for prompt action and the ones that are "cool" and allow for thoughtful consideration.
As we view houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be on guard and be sure to ask lots of questions, as any real estate agent will claim to comprehend the home market. If things don't add up, contact me at (678) 388-1110 or e-mail me at email@example.com, and I'd be more than happy to answer your questions. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
I'm sure we'll find the house of your dreams in Kennesaw. When that happens, I'll precisely create your purchase offer. The offer will be tailored exactly to your needs, including a lot of contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.
Upon turning in your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property. The amount is most often applied to the cost of closing. If your 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
Unfortunately most deals don't close on the first offer – it's very common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. It won't take very long at all if you're already pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
Your lender will send you a Good Faith Estimate (GFE) of your closing costs within three days of receiving your loan application. This estimate depends on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if it all looks all right.
Then it's time to close on your house. This should take place at a title company or escrow office and should be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to contact me at (678) 388-1110 or send me an e-mail.