Buying your home in Shelton
Buying a home is an intimidating event for most people, but with some up-front planning, it isn't that difficult.
I like to furnish buyers with an overview of the entire deal so they know exactly what to expect.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to address any questions you have regarding this information.
Step 1 – Get ready to buy a home
Before you start searching for a home, there are many things you'll want to consider.
You'll most likely want to make an outline of features you need, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or around a third of your monthly income is a good guideline to go by.
Step 2 – Talk to a real estate agent
This is where Shelton Land & Homes, LLC can help.
I'd love to book a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Shelton area, the mortgage and housing industries, to any other economic factors that may potentially affect your buying decision today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some very good mortgage professionals in Shelton, and I partner with a lot of them, so you're in great hands.
They can assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Start looking for a home
After our first meeting, I'll begin finding homes on the market that suit your needs.
I'll preview many 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 homes, I'll point out positive features, as well as negative ones. I'll also ask you to point out what things you like and don't like.
It's common for buyers to amend their wish list as we view homes and some items become far more substantial than others.
If that happens, I'll look through the listings once more and narrow it down to the home you've been wishing for.
Step 4 – Understand the market
An agent's awareness of the Shelton housing market is a leading component in your house search. And I can assure you I'm informed of all the school districts and neighborhoods, and I can communicate some districts are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful examination.
When we tour homes, I'll let you know when the seller's asking price has room for negotiation and also when I trust the house is "priced to sell."
Every real estate agent in Shelton will tell you they understand the home market, but take note, and be sure to ask your agent lots of questions.
If it seems like they don't know everything, call 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 deal.
Step 5 – Find the house you've been waiting for
We'll find your dream house in Shelton, and when we do, I'll precisely develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the inspection, and a clean title.
When turning in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the initial offer, and it's pretty common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing budget. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Obtain financing
Upon finishing the deal, you'll start working with your lender to close the loan.
It shouldn't be a long process at all if you're pre-qualified, but you'll need to stay in close contact with your mortgage lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your application.
This estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and easygoing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at (360) 426-5555 or e-mail me at .