Are you contemplating buying a home in Kennesaw? REMAX Unlimited can help.
With a little planning ahead of time, buying a home isn't too difficult, but the event intimidates a lot of people.
I like to give buyers a road map of the entire deal so they understand exactly what to expect.
These are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have about this information.
Step 1 – Get ready to purchase a home
There are plenty of things you should consider before commencing your home search.
It's likely that you'll want to form a list of features you want to have, get a plan of what neighborhoods and school districts you want to live in, and begin working on your budget.
Keeping your mortgage payment around a third of your monthly income is a good guideline to follow.
Step 2 – Contact a real estate agent in Kennesaw
This is where I come in.
I'd be more than happy to schedule a time to get together with you and talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Kennesaw area, the mortgage and housing industries, and any other economic factors that could affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
I work with some of Kennesaw's finest mortgage professionals, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Start looking
After we meet for the first time, I'll begin looking for homes on the market that best suit you.
I'll preview most of the houses and exclude the duds, and then we'll book appointments to view the homes whenever it's convenient for you.
As we tour homes, I'll show you the good features, as well as negative ones. I'll even ask you what things you like and don't like.
It's widely common for buyers to update their wish list as we tour houses and some things become more crucial than others.
If that's the case, I'll go back through all the listings one more time and narrow it down to the home of your dreams.
Step 4 – Comprehend the market
Your agent's understanding of the Kennesaw market is a crucial agent in your house search. And I assure you I'm familiar with all the school districts and neighborhoods, and I'll communicate some areas are "hot" and call for immediate action and others that are "cool" and allow for more examination.
As we view houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the home is "priced to sell."
Be on guard and be sure to ask your agent a lot of questions, as any REALTOR in Kennesaw will claim to know the market.
If things don't add up, contact me at (678) 388-1110 or e-mail me at , and I'd be more than happy to answer your questions. My market expertise will keep you a step ahead throughout the entire deal.
Step 5 – Find the home of your dreams
I'm confident we'll find your dream home in Kennesaw. When that happens, I'll precisely develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, carrying out the inspection, and a clear title.
When submitting your offer, you'll need to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property, and it's most often applied to the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the initial offer. It's pretty common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a contract that's best for you.
Step 7 – Secure your loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, this shouldn't take much time at all. But you'll want to keep in close contact with your lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Good Faith Estimate (GFE) detailing closing costs within three days of taking your loan application. You'll get a Good Faith Estimate (GFE) outlining closing costs from your mortgage lender within three days of accepting your loan application.
The estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will likely occur at a title company or escrow office and will most often be a smooth and relaxed occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, simply call me at (678) 388-1110 or e-mail me at .