Buying or selling a home in Englewood?
Buying a home intimidates most people. However, with some up-front planning, it's not that confusing.
I like to supply buyers with an outline of the whole deal so they understand exactly what they can expect.
These are my nine steps to purchasing a home.
Should you have questions regarding any of this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy a home
There are plenty of things you'll want to consider before you start searching for a home.
When you start your search, you'll probably want to assemble an outline of items you want to have, get a feel for what neighborhoods you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good rule to go by.
Step 2 – Connect with a real estate agent in Englewood
This is where I come in.
We can schedule a time to get together so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Englewood area.
I'll also help you begin the loan process.
There are some excellent mortgage professionals in Englewood, and I work with a lot of them, so you're in great hands.
They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
After we meet, I'll start looking for available houses on the market that suit your needs.
I'll preview many of the homes and remove the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
As we tour houses, I'll call attention to positive features and negative ones. And I'll ask you to talk about things you like and don't like.
Usually, buyers change their list of must-haves as we view houses and some things become more essential than others.
If that's the situation, I'll go back through all the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Comprehend the housing market
My awareness of the Englewood market is a crucial component in your house search. I'm familiar with all the neighborhoods and schools, and I'll alert you to what areas are "hot" and require immediate action and others that are "cool" and allow for careful consideration.
When we tour houses, I'll let you know when the seller's asking price has room for negotiation and also when I know the home is "priced to sell."
When working with an agent, be on guard and be sure to ask a lot of questions. Any real estate agent in Englewood will claim to truly know the housing market.
If it seems like they don't know everything, call me at (303) 843-1545 or e-mail me at , and I'd be more than happy to answer any questions you have. My market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the Englewood area, and when that happens, I'll meticulously create your 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, finishing the home inspection, and a clear title.
When presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a large role in how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Get your loan
After we sign the final sales contract, you'll start working with your lender to close the loan.
This shouldn't be a long process at all if you're pre-qualified, but you should to stay in close contact with your lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your application.
This estimate rests on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy. I'll analyze the estimate and let you know if everything looks all right.
Then it's time to close on your home. This will likely occur at a title company or escrow office and is often a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just contact me at (303) 843-1545 or e-mail me at .