Are you buying a home in Gilbert? Solutions Real Estate can help.
Buying a home is intimidating for many people. However, with a little planning ahead of time, it isn't that complicated.
So they know exactly what to expect, I like to furnish buyers with a road map of the whole deal.
Here are my nine steps to purchasing a home.
If you have any questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy
Before you begin searching for a home, there are plenty of things you should do.
It's likely that you'll want to create a list of must-haves, get a feel for what neighborhoods and school districts you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is around 30 percent of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Talk to a real estate agent
This is where I can help.
We can arrange a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and school districts in the Gilbert area.
I'll also help you facilitate the loan process.
Solutions Real Estate works with some of the finest mortgage professionals in Gilbert, so you'll be 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 house-hunting
After our initial meeting, I'll start finding available homes on the market that are a good fit for you.
I'll research most of the homes and exclude the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.
When we tour the homes, I'll identify good features and negative ones. I'll also ask you to point out what things you like and don't like.
It's pretty common for buyers to amend their wish list as we tour homes and some things become far more necessary than others.
If that's the situation, I'll search all the listings once again and trim it down to the house you've been wishing for.
Step 4 – Understand the market
My understanding of the Gilbert housing market is an essential component in your home search. I'm informed of all the neighborhoods and schools, and I can let you know certain neighborhoods are "hot" and require prompt action and others that are "cool" and allow for thoughtful examination.
As we view houses, I'll be sure to tell you if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions, as every REALTOR will tell you they truly understand the housing market.
If it doesn't seem like they know everything, call me at (602) 576-5355 or e-mail me at , and I'll be happy to answer any questions you might have. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
I'm certain we'll find the home of your dreams in the Gilbert area. When that happens, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, completing the inspection, and a clean title.
Upon presenting your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property and is typically put towards the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer, and it's widely common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Obtain a loan
After we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
This shouldn't take long at all if you're pre-approved, but you'll want to stay in close contact with your lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
This estimate is based on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if it all looks good.
Then we'll close on your home. This will probably happen at a title company or escrow office and will most likely be a smooth and pleasant event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just contact me at (602) 576-5355 or e-mail me at .