Are you buying a new home in Fort Worth? DFW Skyline Realty can help.
Purchasing a home can be stressful for many people, but it isn't all that difficult with a little planning ahead of time.
So they understand exactly what to expect, I'll furnish buyers with an overview of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Prepare to purchase
There are many things you'll want to contemplate before beginning your home search.
When you start your search, you'll probably want to make a check list of features you want, get a feel for what neighborhoods you want to live in, and start planning around your budget.
Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Talk to a real estate agent
That's where I can help.
I'd be happy to set up a time to get together with you and talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss neighborhoods, school districts in the Fort Worth area, the mortgage and housing industries, and any additional economic factors that may affect your purchase today or in the future.
I can also help you facilitate the loan process.
DFW Skyline Realty partners with some of Fort Worth's best mortgage professionals, so you're in great hands.
They will help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin your home search
After we meet for the first time, I'll start finding available homes on the market that are a good fit for you.
I'll preview most of the houses and exclude the duds, and then we'll set up appointments to view the houses when it's convenient for you.
When we tour the houses, I'll identify good features and negative ones. I'll even ask you about things you like and don't like.
Frequently, buyers amend their wish list as we view houses and some items become far more crucial than others.
If that's the case, I'll search all the listings once again and narrow it down to the house you've been wishing for.
Step 4 – Know the market
My knowledge of the Fort Worth market is a fundamental aspect in your home search. I am informed of all the school districts and neighborhoods, and I will communicate what areas are "hot" and warrant prompt action and some that are "cold" and allow for careful analysis.
As we tour homes, 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."
Be mindful and be sure to ask plenty of questions, as every real estate agent in Fort Worth will claim to know the market.
If things don't add up, call me at (682) 667-5556 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find your dream home
We'll find the house of your dreams in Fort Worth, and when we do, I'll thoroughly create your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as getting financing, completing the inspection, and a clear title.
When we turn in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit given to the home 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 necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer, and it's pretty common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.
The state of the market will play a part in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Get a loan
Upon finishing the deal, you'll start working with your mortgage lender to close the loan.
If you're pre-qualified, it shouldn't take much time at all, but you should to keep in close contact with your mortgage lender.
And I'll sort out all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your application.
This estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy. I'll examine the estimate and let you know if it all looks all right.
Then it's time to close on your house. This should happen at a title company or escrow office and will most likely be a smooth and stress-free affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at (682) 667-5556 or e-mail me at .