Let Grover Collins Real Estate & Auction Inc. assist you with purchasing your new home in Lewisburg
For many people, buying a home can be a stressful event. However, with some up-front planning, it's not too confusing.
I like to give buyers an outline of the entire deal so they understand exactly what to expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Get ready to purchase
Before you start looking for a home, there are several things you'll want to do.
You'll probably want to form a check list of features you want, get a feeling for what school districts you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is less than a third of your net monthly income is a good guideline to follow.
Step 2 – Get in touch with a real estate agent in Lewisburg
That's where I come in.
I'd be happy to plan a time to get together with you and communicate with you regarding your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, schools in the Lewisburg area, the mortgage and housing industries, and any additional economic factors that may potentially affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
There are some very good 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 approved.
Step 3 – Begin house-hunting
Following our first meeting, I'll begin finding 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 at a time that's convenient for you.
As we tour the houses, I'll point out positive features and bad ones. And I'll ask you to tell us about things you like and don't like.
Frequently, buyers change their list of must-haves as we view homes and some features become far more important than others.
If that's the situation, I'll search the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Understand the market
An agent's awareness of the Lewisburg home market is a leading factor in your house search. And I assure you I'm acquainted with all the schools and neighborhoods, and I'll let you know what neighborhoods are "hot" and require prompt action and others that are "cool" and allow for more consideration.
As we view houses, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I think the house is "priced to sell."
When working with an agent, be mindful and make sure you ask plenty of questions, as every REALTOR in Lewisburg will convince you they comprehend the home market.
If it doesn't seem like they know everything, just call me at (931) 359-6231 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
I'm confident we'll find your dream home in Lewisburg. When that happens, I'll meticulously create your home purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.
When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property, and it's typically applied to the closing costs. If your offer is accepted, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer. It's widely common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to consent 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 deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Obtain a loan
Upon completing the deal, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you're already pre-approved, but you need to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your loan application.
The estimate is formed from the loan amount. RESPA requirements order that it has to include all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This should occur at a title company or escrow office and will most likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just contact me at (931) 359-6231 or e-mail me at .