Are you contemplating purchasing your new home in Shelton? Shelton Land & Homes, LLC can help.
With a little up-front planning, purchasing a home isn't all that difficult, but the event is intimidating for a lot of people.
I like to furnish buyers with an outline of the whole deal so they understand exactly what they can expect.
Here are my nine steps to purchasing a home.
If you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
Prior to beginning your home search, there are several things you need to consider.
When you start your search, you'll probably want to create a checklist of must-haves, plan for what school districts and neighborhoods you want to live in, and start planning around your budget.
A good rule to adhere to is that your mortgage payment should be less than or close to 30 percent of your net monthly income.
Step 2 – Talk to a real estate agent in Shelton
This is where Shelton Land & Homes, LLC comes in.
We'll arrange 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 discuss everything from neighborhoods, school districts in the Shelton area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll help you start the loan process.
I work with some of the best mortgage professionals in Shelton, so you can rest assured that you're in great hands.
They will assist you with deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start your home search
Following our initial meeting, I'll start looking for available homes on the market that meet your needs.
I'll preview most of the homes and ignore the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.
When we view houses, I'll call attention to positive features, as well as negative ones. I'll also ask you to talk about things you like and don't like.
Usually, buyers update their wish list as we view homes and some things become far more crucial than others.
If that happens, I'll look through all the listings again and narrow it down to the house you've been waiting for.
Step 4 – Get a grasp of the market
An agent's awareness of the Shelton market is a crucial factor in your home search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I'll alert you to what neighborhoods are "hot" and warrant immediate action and others that are "cold" and allow for careful examination.
As we view homes, I'll be sure to tell you when the seller's list price has room for negotiation and when I know the house is "priced to sell."
Be on guard and make sure you ask a lot of questions, as any REALTOR will tell you they truly understand the market.
If things don't add up, call me at (360) 426-5555 or e-mail me at , and I'll be more than happy to answer any questions you might have. My understanding of the market will help you stay a step ahead through the entire deal.
Step 5 – Find your dream home
I'm confident we'll find the home of your dreams in the Shelton area. When that happens, I'll precisely develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the inspection, and a clear title.
When presenting your offer, most likely you'll want to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's often put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer – it's widely common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market conditions will play a vital role in how aggressively we negotiate the contract.
We'll also work within your budget. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Secure your loan
After the contract is signed, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, it won't take much time at all. However, you should to keep in close contact with your lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your loan application.
The estimate is formed from the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often take place at a title company or escrow office and should be a smooth and stress-free affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at (360) 426-5555 or e-mail me at .