Buying or selling a home?
Buying a home is a stressful event for most people. However, with a bit of up-front planning, it isn't that complicated.
So they'll know exactly what they can expect, I'll give buyers a road map of the whole deal.
Below 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 glad to answer any questions you have regarding this information.
Step 1 – Prepare to buy
Before you begin searching for a home, there are many things you'll want to do.
When you start your search, you'll probably want to form a list of features you want, get a feeling for what neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good rule to follow.
Step 2 – Talk to a real estate agent in Fort Worth
This is where I come in.
We can plan a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Fort Worth area.
I can also help you facilitate the loan process.
There are some great mortgage professionals in Fort Worth, and I work with a lot of them, so you'll be in great hands.
They'll assist you with determining which type of loan is best for you and help you get approved.
Step 3 – Start house hunting
After our first meeting, I'll begin finding available homes on the market that suit your needs.
I'll research many of the homes and reject the bad ones, and then we'll set up appointments to view the houses whenever it's most convenient for you.
When we view homes, I'll identify positive features, as well as bad ones. And I'll ask you to point out what things you like and don't like.
It's widely common for buyers to update their list of must-haves as we view homes and some things become more important than others.
If that's the situation, I'll search all the listings once more and trim it down to the house of your dreams.
Step 4 – Get a grasp of the housing market
My knowledge of the Fort Worth home market is a necessary factor in your house search. I am conscious of all the neighborhoods and school districts, and I will communicate what districts are "hot" and warrant prompt action and the ones that are "cold" and allow for more examination.
As we view homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions, as any REALTOR in Fort Worth will tell you they understand the housing market.
If it seems like they don't know everything, contact me at (682) 667-5556 or e-mail me at , and I'd be happy to answer any questions you may have. My understanding of the market will help you stay a step ahead through the entire process.
Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Fort Worth area, and when we do, I'll precisely develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, carrying out the inspection, and a clear title.
When presenting your purchase offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property and is often put towards the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer. It's really common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing budget. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Get your loan
Upon completion of the contract, you'll start working with your lender to close the loan.
This shouldn't take much time at all if you're pre-approved, but you'll need to stay in close contact with your mortgage lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a narrow range of accuracy. I'll review the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will likely happen at a title company or escrow office and will most often be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, make sure you call me at (682) 667-5556 or e-mail me at .