Buying or selling a home?

With a little planning ahead of time, purchasing a home isn't that hard, but the event is stressful for many people. I like to give buyers an overview of the entire deal so they understand exactly what to expect. These are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to buy a home
There are several things you should take into account before you start looking for a home. You'll most likely want to create a check list of features you want to have, get a feel for what neighborhoods you'd like to live in, and begin planning your budget. A good principle to follow is that your mortgage payment should be less than or around 30 percent of your net monthly income.

Step 2 – Get in touch with a real estate agent in Englewood
That's where I come in. I'd love to book a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, schools in the Englewood area, the mortgage industry, and any additional economic factors that might affect your buying decision today or in the future.

In addition, I'll help you start the loan process. There are some great mortgage professionals in Englewood, and I partner with a lot of them, so you're in great hands. They'll help you determine which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin your search
After our initial meeting, I'll start finding available homes on the market that best suit you. I'll preview many of the houses and reject the duds, and then we'll book appointments to view the homes whenever it's convenient for you.

As we view houses, I'll point out good features, as well as bad ones. And I'll ask you to point out what things you like and dislike. It's common for buyers to amend their must-have list as we tour houses and some features become far more substantial than others. If that happens, I'll look through the listings again and narrow it down to the home of your dreams.

Step 4 – Get a grasp of the market
My awareness of the Englewood market is a leading agent in your home search. I am informed of all the schools and neighborhoods, and I will let you know what neighborhoods are "hot" and require prompt action and some that are "cool" and allow for thoughtful consideration.

As we view houses, I'll make sure to communicate if the list price has room for negotiation or if I believe the home is "priced to sell." Be mindful and make sure you ask lots of questions, as any real estate agent will claim to truly understand the market. If things don't add up, call me at (303) 843-1545 or e-mail me at , and I'd be happy to answer your questions. My market expertise will keep you a step ahead through the entire process.

Step 5 – Find the house you've been waiting for
We'll find your dream home in the Englewood area, and when we do, I'll thoroughly create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, carrying out the inspection, and a clean title.

When we send in your offer, you'll probably need to present "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property and is often applied to the cost of closing. If your offer is accepted, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the first offer, and it's pretty common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Obtain a loan
After we sign the final sales contract, you'll begin working with your lender to close the loan. If you're pre-approved, this shouldn't take long at all. But you should to keep in close contact with your mortgage lender. And I'll look after all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks all right.

Then it's time to close on your house. This should take place at a title company or escrow office and will most likely be a smooth and stress-free affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, be sure to contact me at (303) 843-1545 or e-mail me at .

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