Buying or selling a home in Fort Worth? DFW Skyline Realty can help.
For a lot of people, buying a home is a stressful event. However, with some up-front planning, it isn't that complicated.
So they understand exactly what they can expect, I'll provide buyers with an outline of the whole deal.
These are my nine steps to buying a home.
If you have questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
Before you begin searching for a home, there are several things you should do.
You'll want to create a check list of features you need to have, get a feeling for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good guideline to adhere to.
Step 2 – Speak with a real estate agent
That's where I can help.
I'd like to plan a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and schools in the Fort Worth area.
I'll also assist you in getting started on your loan.
DFW Skyline Realty works with some of Fort Worth's best mortgage professionals, so you'll be in great hands.
They can help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
Following our first meeting, I'll start finding houses on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and throw out the duds, and then we'll set up appointments to view the homes when it's convenient for you.
When we view houses, I'll call attention to good features, as well as bad ones. I'll also ask you to tell us about things you like and don't like.
Oftentimes, buyers amend their must-have list as we view houses and some features become more important than others.
If that's the case, I'll search the listings another time and trim it down to the house of your dreams.
Step 4 – Comprehend the housing market
My awareness of the Fort Worth home market is a fundamental aspect in your home search. I'm conscious of all the school districts and neighborhoods, and I'll alert you to which areas are "hot" and warrant immediate action and some that are "cool" and allow for more consideration.
As we tour houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell."
Be careful and make sure you ask your agent lots of questions, as any REALTOR in Fort Worth will tell you they know the market.
If it seems like they don't know everything, just call me at (682) 667-5556 or e-mail me at , and I'd be happy to answer any questions you have. My market knowledge will keep you a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
We'll find the house of your dreams in the Fort Worth area, and when that happens, I'll carefully create your home purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are obtaining financing, finishing the home inspection, and a clean title.
Upon submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property. The amount is usually put towards the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer. It's really common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to agree to the counter offer, submit 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 limits. And at the end of the day, we'll create a contract that works well for you.
Step 7 – Secure your loan
Once we sign the final contract, you'll begin working with your lender to close the loan.
It shouldn't be a long process at all if you're already pre-approved, but you'll want to keep in close contact with your lender.
And I'll look after 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) of closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your loan application.
The estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and is often a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at (682) 667-5556 or e-mail me at .