Buying a home in Shelton with Shelton Land & Homes, LLC
For a lot of people, purchasing a home can be an intimidating event. But with a bit of up-front planning, it's not too difficult.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what to expect.
Below are my nine steps to buying a home.
If you have questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are a lot of things you should consider before commencing your home search.
You'll most likely want to assemble a check list of items you need, get a feeling for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
A good guideline to adhere to is that your mortgage payment should be less than or close to 1/3 of your monthly income.
Step 2 – Contact a real estate agent in Shelton
This is where Shelton Land & Homes, LLC comes in.
We'll schedule a time to meet 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 may affect your buying decision today or in the future, as well as neighborhoods and school districts in the Shelton area.
In addition, I'll help you get started on your loan.
I work with some of the best mortgage professionals in Shelton, so you'll be in great hands.
They will help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a home
After our first meeting, I'll start searching for homes on the market that meet your needs.
I'll research most of the houses and exclude the duds, and then we'll set up appointments to tour the houses whenever it's most convenient for you.
When we tour the homes, I'll identify good features, as well as negative ones. And I'll ask you about things you like and don't like.
It's widely common for buyers to amend their wish list as we view houses and some things become far more necessary 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 – Understand the market
An agent's awareness of the Shelton market is a crucial component in your house search. And I can assure you I'm familiar with all the schools and neighborhoods, and I can let you know which neighborhoods are "hot" and warrant immediate action and some that are "cold" and allow for thoughtful consideration.
As we tour homes, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions, as every real estate agent in Shelton will tell you they comprehend the market.
If things don't add up, contact me at (360) 426-5555 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will keep you a step ahead throughout the entire process.
Step 5 – Find your dream home
I'm confident we'll find your dream house in the Shelton area. When we do, I'll thoroughly create your purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as acquiring financing, carrying out the inspection, and a clean title.
When sending in your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property and is typically put towards the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer, and it's widely common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your budget. And when it's all said and done, we'll compose a deal that's best for you.
Step 7 – Secure a loan
After the deal is finalized, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take long at all, but you'll need to stay 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) detailing your closing costs from your mortgage lender within three days of receiving your application.
This estimate is based on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if it all looks permissible.
Then we'll close on your home. This will likely take place at a title company or escrow office and will likely be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply call me at (360) 426-5555 or e-mail me at .