Are you looking to purchase a home in Fort Worth? DFW Skyline Realty can help.
Purchasing a home is a stressful event for a lot of people, but it's not too complicated with some planning ahead of time.
So they'll understand exactly what they can expect, I'll provide buyers with an overview of the entire deal.
Below are my nine steps to purchasing a home.
Should you have any questions about any of this information or if you're ready 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 take into account before you look for a home.
You'll want to put together an outline of features you need to have, plan for what neighborhoods and school districts you want to live in, and begin planning around your budget.
A good principle to go by is that your mortgage payment should be close to a third of your net monthly income.
Step 2 – Talk to a real estate agent
That's where I can help.
I'd love to book a time to get together with you and speak with you about your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Fort Worth area.
I'll also assist you with getting started on your loan.
I partner with some of Fort Worth's best mortgage professionals, so you'll be in great hands.
They can assist you with deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
After our first meeting, I'll begin searching for available houses on the market that meet your needs.
I'll get a sneak peek of many of the homes and remove the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.
As we view homes, I'll identify good features, as well as negative ones. I'll even ask you to talk about things you like and don't like.
It's widely common for buyers to amend their wish list as we tour houses and some things become more important than others.
If such is the case, I'll go back through all the listings once more and narrow it down to the house you've been waiting for.
Step 4 – Comprehend the housing market
Your agent's understanding of the Fort Worth housing market is an imperative factor in your home search. And I assure you I'm conscious of all the neighborhoods and school districts, and I'll alert you to certain districts are "hot" and warrant prompt action and others that are "cold" and allow for careful examination.
As we tour houses, I'll be sure to tell you when the asking price has room for bargaining and also when I think the house is "priced to sell."
Trust your instincts and make sure you ask a lot of questions, as any real estate agent in Fort Worth will convince you they comprehend the home market.
If things don't add up, just call me at (682) 667-5556 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream home in the Fort Worth area, and when that happens, I'll carefully develop your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as obtaining financing, finishing the home inspection, and a clear title.
When presenting your offer, you'll probably want to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's often put towards the closing costs. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer – it's extremely common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to take 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.
We'll also work within your budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Secure financing
Once we sign the final deal, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, this won't take long at all, but you'll want to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application.
The estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if everything looks good.
Then it's time to close on your house. This will most likely occur at a title company or escrow office and will likely be a smooth and peaceful 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, simply contact me at (682) 667-5556 or e-mail me at .