Buying or selling a home in Englewood?
For many people, purchasing a home can be an intimidating event. But with a bit of planning ahead of time, it isn't all that complex.
So you understand exactly what to expect, I like to supply my buyers with an overview of the whole deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or send me e-mail
. I'm happy to address any questions you have regarding this information.
Step 1 – Prepare to buy
Before you begin your home search, there are several things you'll want to contemplate.
When you begin your search, you'll probably want to create an index of must-haves, get a feeling for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or around a third of your monthly income is a good guideline to follow.
Step 2 – Get in touch with a real estate agent in Englewood
This is where I come in.
I can set up a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Englewood area, the mortgage industry, and any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some great mortgage professionals in Englewood, and I work with a lot of them, so you're in great hands.
They can help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking
After our initial meeting, I'll start finding houses on the market that suit your needs.
I'll preview many of the homes and ignore the duds, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we view the homes, I'll point out good features, as well as bad ones. And I'll ask you to talk about things you like and dislike.
Generally, buyers change their list of must-haves as we view houses and some features become far more important than others.
If that's the situation, I'll go back through all the listings again and narrow it down to the house of your dreams.
Step 4 – Get a grasp of the market
My knowledge of the Englewood market is a valuable asset in your house search. I am acquainted with all the schools and neighborhoods, and I will alert you to some districts are "hot" and warrant prompt action and the ones that are "cool" and allow for careful consideration.
When we tour houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the home is "priced to sell."
Trust your instincts and make sure you ask plenty of questions, as every real estate agent in Englewood will convince you they truly know the housing market.
If things don't add up, call me at (303) 843-1545 or e-mail me at email@example.com, 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 deal.
Step 5 – Find the house of your dreams
I'm confident we'll find the house of your dreams in Englewood. When that happens, I'll meticulously develop your purchase offer. The offer will be tailored to suit your needs, including a lot of contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.
When we submit your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's most often put towards the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
In addition, we'll work within your financing limits. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Secure a loan
Once the contract is complete, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't be a long process at all. But you should to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining your closing costs from your lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will likely take place at a title company or escrow office and will probably be a smooth and hassle-free occasion.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything, simply contact me at (303) 843-1545 or send me an e-mail.