Let Coldwell Banker Residential Brokerage help you with buying a new home in Englewood
Buying a home is an intimidating event for many people. However, with a little planning ahead of time, it's not very hard.
I like to give buyers an overview of the whole deal so they'll understand exactly what to expect.
These are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are plenty of things you need to consider before you search for a home.
When you begin your search, you'll want to form a checklist of items you need, get a plan of what neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Get in touch with a real estate agent in Englewood
That's where I can help.
I'd love to book a time to meet with you and speak with you about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Englewood area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I can also help you begin the loan process.
Coldwell Banker Residential Brokerage works with some of the best mortgage professionals in Englewood, so you can rest assured that you're in great hands.
They'll assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
After our initial meeting, I'll start looking for available houses on the market that best suit you.
I'll preview many of the houses and ignore the duds, and then we'll schedule appointments to tour the houses whenever it's most convenient for you.
When we view the houses, I'll point out good features and negative ones. And I'll ask you what things you like and dislike.
Most often, buyers change their wish list as we view houses and some items become far more necessary than others.
If that's the situation, I'll go back through the listings once more and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
My understanding of the Englewood market is a fundamental element in your house search. I'm familiar with all the school districts and neighborhoods, and I will communicate which districts are "hot" and call for immediate action and the ones that are "cold" and allow for careful consideration.
As we view houses, I'll let you know if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions, as any real estate agent in Englewood will convince you they truly know the housing market.
If it appears they don't know everything, call me at 3038431545 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
I'm confident we'll find your dream house in Englewood. When that happens, 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 acquiring financing, carrying out the home inspection, and a clean title.
Upon turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property. The amount is typically put towards the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the initial offer. It's extremely common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market circumstances will play a large role in how aggressively we negotiate the contract.
We'll also work within your financing limits. And when it's all said and done, we'll create a contract that's best for you.
Step 7 – Obtain your loan
Once the deal is signed, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, it 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 lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your application.
This estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if everything looks adequate.
Then we'll close on your home. This will likely happen at a title company or escrow office and will likely be a smooth and calm occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to contact me at 3038431545 or e-mail me at .