Buying or selling a home in Lewisburg? Grover Collins Real Estate & Auction Inc. can help.

Purchasing a home is an intimidating event for most people. However, with some planning ahead of time, it isn't all that difficult. I like to supply buyers with an outline of the whole deal so they know exactly what they can expect. Here 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 answer questions you have about this information.

Step 1 – Prepare to buy a home
There are many things you'll want to contemplate before you look for a home. You'll want to make a list of items you need, get an idea of what neighborhoods and school districts you want to live in, and begin planning your budget. A good guideline to follow is that your mortgage payment should be around 30 percent of your monthly income.

Step 2 – Speak with a real estate agent in Lewisburg
That's where I come in. We'll set up 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 Lewisburg area, the mortgage industry, and any additional economic factors that might affect your purchase today or in the future.

I can also assist you in getting started on your loan. There are some great mortgage professionals in Lewisburg, and I work with a lot of them, so you're in great hands. They can help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a house
Following our first meeting, I'll begin looking for houses on the market that suit your needs. I'll research most of the houses and eliminate the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.

As we view the houses, I'll call attention to positive features and negative ones. I'll even ask you about things you like and don't like. Frequently, buyers amend their wish list as we tour houses and some things become more crucial than others. If that happens, I'll look through all the listings again and trim it down to the house you've been dreaming about.

Step 4 – Know the housing market
An agent's awareness of the Lewisburg home market is a crucial factor in your home search. And I assure you I'm familiar with all the neighborhoods and schools, and I will alert you to what districts are "hot" and call for immediate action and others that are "cold" and allow for thoughtful consideration.

As we view homes, I'll let you know when the list price has room for bargaining and also when I think the home is "priced to sell." Be mindful and make sure you ask lots of questions, as every REALTOR will tell you they comprehend the home market. If it seems like they don't know everything, contact me at (931) 359-6231 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will help you stay a step ahead throughout the entire process.

Step 5 – Find the home you've been looking for
We'll find your dream house in the Lewisburg area, and when we do, I'll precisely create your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies. A few examples are obtaining financing, completing the inspection, and a clear title.

When we turn in your purchase offer, you'll probably need to present "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property and is typically put towards the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts aren't closed on the beginning offer – it's widely common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. We'll also work within your financing limits. And when it's all said and done, we'll compose a contract that's best for you.

Step 7 – Get a loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan. If you're already pre-qualified, this won't be a long process at all, but you need to stay in close contact with your mortgage lender. And I'll take care of all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing your closing costs from your lender within three days of getting your application. This estimate depends on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks good.

Then it's time to close on your home. This should happen at a title company or escrow office and is often a smooth and hassle-free affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at (931) 359-6231 or e-mail me at .

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