Are you buying your home in Englewood?
With some planning ahead of time, purchasing a home isn't that complicated, but the event can be stressful for many people.
I like to provide buyers with an outline of the whole deal so they'll understand exactly what they can expect.
Here are my nine steps to purchasing a home.
Should you have questions about this information or if you're prepared to get started, just contact me here or send e-mail to email@example.com
Step 1 – Get ready to purchase a home
There are several things you need to do prior to beginning your home search.
You'll want to assemble a check list of items you need, plan for what school districts and neighborhoods you want to live in, and start working on your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than 1/3 of your net monthly income.
Step 2 – Get in touch with a real estate agent
This is where Coldwell Banker Residential Brokerage comes in.
I'd be happy to set up a time to meet with you and talk about your real estate needs and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Englewood area.
I'll also help you start the loan process.
I partner with some of the best mortgage professionals in Englewood, so 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 looking for a home
After we meet for the first time, I'll start looking for available houses on the market that suit your needs.
I'll get a sneak peek of most of the houses and remove the duds, and then we'll book appointments to tour the homes when it's most convenient for you.
As we tour the homes, I'll identify good features, as well as negative ones. I'll even ask you to tell me about things you like and dislike.
It's pretty common for buyers to revise their must-have list as we view houses and some things become more substantial than others.
If such is the case, I'll search the listings once again and narrow it down to the home you've been dreaming about.
Step 4 – Know the market
An agent's awareness of the Englewood housing market is a leading aspect in your home search. And I can assure you I'm informed of all the neighborhoods and school districts, and I'll alert you to which neighborhoods are "hot" and require prompt action and the ones that are "cold" and allow for more analysis.
As we tour houses, I'll let you know when the list price has room for negotiation and when I trust the house is "priced to sell."
Be mindful and be sure to ask your agent plenty of questions, as every REALTOR® in Englewood will claim to know the home market.
If it seems like they don't know everything, call me at (303) 843-1545 or e-mail me at firstname.lastname@example.org, and I'll be more than happy to answer any questions you have. My market expertise will help you stay a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
I know we'll find your dream home in Englewood. When that happens, I'll meticulously create your home purchase offer. The offer will be tailored with your needs in mind, including some contingencies, such as obtaining financing, completing the home inspection, and a clear title.
When submitting your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property. The amount is usually applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer – it's really common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and move 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 assemble a deal that is best for you.
Step 7 – Secure a loan
Upon finalizing the deal, you'll start working with your mortgage lender to close the loan.
This won't take much time at all if you're pre-approved, but you'll want to stay in close contact with your lender.
And I'll deal with all the property information your lender needs to close the loan.>
You'll get a Good Faith Estimate (GFE) outlining your closing costs from your lender within three days of accepting your application.
This estimate depends on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will probably take place at a title company or escrow office and should be a smooth and relaxing occasion.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at (303) 843-1545 or send me an e-mail.