Purchasing a home in Peoria, Glendale, Phoenix, Scottsdale, Surprise, or surrounding areas
Buying a home is intimidating for most people, but it isn't that complex with some up-front planning.
I like to furnish buyers with an outline of the entire deal so they know exactly what they can expect.
Below are my nine steps to buying a home.
Step 1 – Get ready to buy
There are plenty of things you need to take into account prior to starting your home search.
When you start your search, you'll probably want to create an outline of items you want to have, get a plan of what neighborhoods you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Talk to a real estate agent
That's where I come in.
I'd be more than happy to schedule a time to get together with you and talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Phoenix area, the mortgage industry, and any other economic factors that could affect your buying decision today or in the future.
I can also help you start the loan process.
I partner with some of the finest mortgage professionals in Glendale, so you can rest assured that you're in great hands.
They'll assist you in figuring out which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
After we meet, I'll start finding available houses on the market that are a great fit for you.
I'll research many of the homes and remove the bad ones, and then we'll set up appointments to view the homes when it's most convenient for you.
When we view homes, I'll call attention to positive features and negative ones. And I'll ask you to tell me about things you like and dislike.
Generally, buyers update their must-have list as we view houses and some items become more necessary than others.
If that happens, I'll search the listings another time and trim it down to the home of your dreams.
Step 4 – Get a feel for the market
My understanding of the Phoenix housing market is an indispensable benefit in your house search. I'm conscious of all the schools and neighborhoods, and I can alert you to which districts are "hot" and warrant immediate action and the others that are "cold" and allow for cautiousness.
When we tour homes, I'll be sure to tell you when the list price has room for bargaining and when I believe the home is "priced to sell."
Be on guard and make sure you ask lots of questions, as any real estate agent will convince you they truly understand the home market.
If it seems like they don't know everything, call me at 6232295030 or e-mail me at email@example.com, and I'd be happy to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the house of your dreams
I'm certain we'll find the home of your dreams in Phoenix. When we do, I'll meticulously develop your purchase offer. The offer will be tailored keeping your needs in mind, including several contingencies, such as getting financing, completing the home inspection, and a clear title.
When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property and is most often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let this 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.
Market circumstances will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll assemble a deal that is best for you.
Step 7 – Secure a loan
Once the contract is complete, you'll begin working with your lender to close the loan.
If you're pre-qualified, this shouldn't take very long at all. But you should to keep in close contact with your lender.
And I'll handle all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your mortgage lender within three days of taking your application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy, and I'll go over the estimate and let you know if it all looks all right.
Then it's time to close on your house. This will most likely occur at a title company or escrow office and will probably be a smooth and stress-free affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call me at 6232295030 or send me an e-mail.