Buying or selling a home? DFW Skyline Realty can help.
With some up-front planning, purchasing a home isn't all that difficult, but the event intimidates a lot of people.
So they understand exactly what to expect, I will furnish buyers with an outline 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 answer any questions you have about this information.
Step 1 – Prepare to buy
There are several things you should contemplate prior to starting your home search.
When you begin your search, you'll probably want to assemble an index of features you need to have, get a plan of what school districts you'd like to live in, and start planning around your budget.
A good rule to adhere to is that your mortgage payment should be 30 percent of your monthly income.
Step 2 – Speak with a real estate agent
This is where DFW Skyline Realty can help.
I'd love to set up 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 everything from neighborhoods, school districts in the Fort Worth area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll assist you with getting started on your loan.
There are some very good mortgage professionals in Fort Worth, and I work with a lot of them, so you can rest assured that you're in great hands.
They can assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
Following our first meeting, I'll start looking for houses on the market that are a good fit for you.
I'll research most of the homes and eliminate the bad ones, and then we'll book appointments to view the homes whenever it's most convenient for you.
As we tour the houses, I'll show you the positive features and bad ones. I'll also ask you to tell us about things you like and dislike.
Most often, buyers revise their wish list as we tour houses and some features become far more crucial than others.
If that's the case, I'll search the listings once more and trim it down to the home you've been waiting for.
Step 4 – Understand the housing market
My knowledge of the Fort Worth home market is a crucial component in your house search. I'm familiar with all the neighborhoods and schools, and I will let you know some areas are "hot" and demand immediate action and others that are "cold" and allow for careful examination.
As we tour homes, I'll let you know when the asking price has room for bargaining and also when I think the house is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions, as any real estate agent will convince you they understand the housing 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 may have. My market expertise will keep you a step above the rest through the entire deal.
Step 5 – Find your dream house
We'll find your dream home in the Fort Worth area, and when that happens, I'll thoroughly develop your purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are obtaining financing, completing the home inspection, and a clean title.
Upon presenting your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's most often put towards the closing costs. If the seller accepts your offer, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Obtain a loan
After the contract is signed, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, this won't take long at all, but you need to stay in close contact with your mortgage lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your application.
This estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if it all looks good.
Then we'll close on your home. This will most likely take place at a title company or escrow office and should be a smooth and relaxed occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to call me at (682) 667-5556 or e-mail me at .