Buying your home in Shelton
With a little planning ahead of time, buying a home isn't very complex, but the event is intimidating for a lot of people.
So they'll know exactly what they can expect, I like to furnish buyers with a road map of the entire deal.
Here are my nine steps to purchasing a home.
If you have questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are many things you should consider before you search for a home.
You'll probably want to create an outline of items you want to have, get an idea of what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is around 30 percent of your net monthly income is a good rule of thumb to go by.
Step 2 – Connect with a real estate agent
This is where Shelton Land & Homes, LLC comes in.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Shelton area, the mortgage industry, and any other economic factors that could affect your purchase today or in the future.
I'll also assist you in getting started on your loan.
I partner with some of Shelton's best mortgage professionals, so you'll be in great hands.
They'll assist you with deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our initial meeting, I'll begin finding available homes on the market that meet your needs.
I'll get a sneak peek of many of the homes and reject the duds, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.
When we tour homes, I'll identify positive features and bad ones. I'll also ask you to point out what things you like and don't like.
It's widely common for buyers to revise their list of must-haves as we tour homes and some items become more substantial than others.
If that's the case, I'll search the listings once more and narrow it down to the house of your dreams.
Step 4 – Understand the market
My understanding of the Shelton housing market is a crucial factor in your home search. I'm conscious of all the neighborhoods and school districts, and I'll alert you to what neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for cautiousness.
When we tour homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions. Any real estate agent will claim to comprehend the home market.
If it seems like they don't know everything, call me at (360) 426-5555 or e-mail me at , and I'll be happy to answer any questions you have. My market knowledge will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home of your dreams
I'm positive we'll find the home of your dreams in Shelton. When we do, I'll carefully develop your purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies. A few examples are acquiring financing, finishing the inspection, and a clean title.
Upon turning in your offer, you'll likely need to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's often put towards the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's very common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Get your loan
Upon signing the contract, you'll begin working with your lender to close the loan.
If you're pre-qualified, it shouldn't take much time at all, but you should to keep in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks good.
Then it's time to close on your house. This will likely occur at a title company or escrow office and will likely be a smooth and easygoing affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at (360) 426-5555 or e-mail me at .