Are you purchasing a new home in Shelton? Shelton Land & Homes, LLC can help.
For many people, buying a home can be an intimidating event. However, with a little up-front planning, it isn't all that complicated.
So they'll understand exactly what they can expect, I like to provide buyers with an overview of the whole deal.
Here are my nine steps to buying a home.
Should you have questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
There are many things you'll want to do before starting your home search.
You'll most likely want to create an index of items you need to have, get an idea of what school districts and neighborhoods you'd like to live in, and begin planning your budget.
A good rule of thumb to adhere to is that your mortgage payment should be around 1/3 of your monthly income.
Step 2 – Contact a real estate agent in Shelton
This is where I come in.
We can schedule a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss neighborhoods, schools in the Shelton area, the mortgage industry, and any additional economic factors that could affect your purchase today or in the future.
I'll also help you facilitate the loan process.
There are some very good mortgage professionals in Shelton, and I work with a lot of them, so you can rest assured that you're in great hands.
They'll assist you in determining which type of loan is best for you and help you get approved.
Step 3 – Start looking
After we meet, I'll begin looking for houses on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and exclude the duds, and then we'll book appointments to view the homes whenever it's most convenient for you.
When we view the houses, I'll point out positive features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
For the most part, buyers change their wish list as we tour houses and some items become more substantial than others.
If that's the situation, I'll go back through all the listings once more and trim it down to the home you've been dreaming about.
Step 4 – Comprehend the housing market
Your agent's knowledge of the Shelton home market is an imperative agent in your home search. And I assure you I'm mindful of all the schools and neighborhoods, and I can alert you to some areas are "hot" and call for immediate action and some that are "cool" and allow for more examination.
When we tour houses, I'll make sure to communicate when the seller's asking price has room for negotiation and when I trust the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Every real estate agent will tell you they comprehend the market.
If it doesn't seem like they know everything, just call me at (360) 426-5555 or e-mail me at , and I'd be more than happy to answer any questions you may have. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
I'm positive we'll find your dream house in Shelton. When that happens, I'll thoroughly develop your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are getting financing, finishing the home inspection, and a clear title.
When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property and is often applied to the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the first offer. It's widely common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing constraints. And when it's all said and done, we'll put together a deal that is best for you.
Step 7 – Get your loan
After the contract is signed, you'll start working with your mortgage lender to close the loan.
If you're pre-qualified, it shouldn't take long at all, but you should to stay in close contact with your lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) of closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
This estimate is formed from the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks good.
Then it's time to close on your house. This will most often happen at a title company or escrow office and will likely be a smooth and pleasant occasion.
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, make sure you call me at (360) 426-5555 or e-mail me at .