Buying a home in Fort Worth?
Purchasing a home is intimidating for many people, but it's not too hard with a little planning ahead of time.
So they understand exactly what they can expect, I will provide buyers with a road map of the whole deal.
Below are my nine steps to purchasing a home.
If you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy
Before you commence your home search, there are plenty of things you should take into account.
When you start your search, you'll want to assemble a check list of features you want, get a feeling for what school districts and neighborhoods you want to live in, and start working on your budget.
Keeping your mortgage payment less than or close to 30 percent of your net monthly income is a good rule of thumb to go by.
Step 2 – Connect with a real estate agent
This is where I can help.
We'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
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 may potentially affect your buying decision today or in the future.
I'll also help you begin the loan process.
I partner with some of the finest mortgage professionals in Fort Worth, so you can rest assured that you're in great hands.
They can assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our initial meeting, I'll begin searching for available homes on the market that are a good fit for you.
I'll preview most of the houses and remove the duds, and then we'll set up appointments to view the homes whenever it's most convenient for you.
When we tour the houses, I'll show you the positive features, as well as negative ones. I'll also ask you about things you like and don't like.
It's common for buyers to update their must-have list as we tour homes and some items become more important than others.
If that's the case, I'll search all the listings another time and trim it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
An agent's understanding of the Fort Worth home market is a crucial aspect in your home search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I will alert you to some neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for careful analysis.
When we view homes, I'll let you know if the list price has room for bargaining or if I believe the home is "priced to sell."
Be on guard and be sure to ask a lot of questions, as every REALTOR will tell you they understand the housing market.
If it seems like they don't know everything, just call me at (682) 667-5556 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find the home of your dreams
I know we'll find the house of your dreams in Fort Worth. When that happens, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as getting financing, carrying out the home inspection, and a clear title.
Upon sending in your offer, you'll need to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property. The amount is often put towards the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the first offer, and it's widely common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And when it's all said and done, we'll compose a deal that's best for you.
Step 7 – Secure a loan
Upon finishing the deal, you'll start working with your lender to close the loan.
If you've been pre-qualified, this won't take long at all. But you should to keep in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your application.
This estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and be within a strict range of accuracy, and I'll review the estimate and let you know if it all looks good.
Then we'll close on your home. This will likely happen at a title company or escrow office and will most often be a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at (682) 667-5556 or e-mail me at .