Let DFW Skyline Realty assist you with purchasing your new home in Fort Worth
Purchasing a home is a stressful event for most people, but with a little up-front planning, it's not all that confusing.
So they know exactly what they can expect, I will give buyers an overview of the entire deal.
These are my nine steps to buying a home.
If you have any questions regarding any of this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are several things you'll want to do before beginning your home search.
It's likely that you'll want to put together a checklist of items you need, plan for what school districts you want to live in, and start planning your budget.
A good rule to go by is that your mortgage payment should be no more than a third of your monthly income.
Step 2 – Communicate with a real estate agent in Fort Worth
This is where DFW Skyline Realty comes in.
I'd love to set up a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the Fort Worth area.
In addition, I'll help you get started on your loan.
I work with some of the finest mortgage professionals in Fort Worth, so you'll be in great hands.
They can help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
After our first meeting, I'll begin finding available houses on the market that meet your needs.
I'll get a sneak peek of most of the homes and reject the duds, and then we'll book appointments to view the homes when it's convenient for you.
As we view the homes, I'll show you the good features and negative ones. And I'll ask you what things you like and dislike.
Usually, buyers revise their wish list as we view homes and some features become more substantial than others.
If that happens, I'll search all the listings once again and narrow it down to the home you've been dreaming about.
Step 4 – Comprehend the housing market
An agent's awareness of the Fort Worth market is an imperative element in your home search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I'll communicate some districts are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful examination.
When we view homes, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the home is "priced to sell."
Trust your instincts and make sure you ask lots of questions, as any real estate agent will convince you they understand the home market.
If things don't add up, contact me at (682) 667-5556 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you've been waiting for
We'll find your dream house in Fort Worth, and when we do, I'll precisely create your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
When submitting your offer, you'll likely need to submit "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property. The amount is most often applied to the closing costs. If the seller accepts the offer, we should close on the property within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer, and it's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the deal depends on the state of the market.
In addition, we'll work within your financing limits. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Get your loan
After we sign the final contract, you'll start working with your lender to close the loan.
If you're already pre-qualified, it shouldn't take much time at all, but you'll need to stay 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
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your application.
The estimate depends on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a strict range of accuracy. I'll review the estimate and let you know if everything looks okay.
Then we'll close on your home. This will likely take place at a title company or escrow office and should be a smooth and calm affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at (682) 667-5556 or e-mail me at .