Buying or selling a home? E Z Home Search Real Estate Inc. can help.
With a little planning ahead of time, buying a home isn't very difficult, but the event intimidates many people.
So they'll understand exactly what to expect, I like to furnish buyers with an overview of the whole deal.
Here are my nine steps to buying a home.
Should you have any questions regarding any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
Before you commence your home search, there are plenty of things you need to contemplate.
When you start your search, you'll want to form a list of must-haves, get a feel for what neighborhoods you want to live in, and start planning around your budget.
A good principle to go by is that your mortgage payment should be no more than 30 percent of your net monthly income.
Step 2 – Get in touch with a real estate agent in Fall River
This is where E Z Home Search Real Estate Inc. comes in.
We'll set up a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Fall River area, the mortgage and housing industries, and any other economic factors that could affect your purchase today or in the future.
I'll also help you begin the loan process.
There are some excellent mortgage professionals in Fall River, and I work with a lot of them, so you're in great hands.
They can assist you in determining which kind of loan is best for you and help you get approved.
Step 3 – Start looking
After our first meeting, I'll start looking for available homes on the market that best suit you.
I'll preview most of the homes and eliminate the duds, and then we'll schedule appointments to view the houses when it's most convenient for you.
As we view the houses, I'll identify good features and negative ones. I'll also ask you to tell us about things you like and dislike.
It's pretty common for buyers to change their must-have list as we view homes and some features become far more important than others.
If such is the case, I'll go back through all the listings one more time and trim it down to the home you've been dreaming about.
Step 4 – Know the market
My knowledge of the Fall River housing market is a necessary aspect in your house search. I am informed of all the schools and neighborhoods, and I can alert you to which areas are "hot" and call for immediate action and others that are "cold" and allow for thoughtful consideration.
As we view houses, I'll be sure to tell you when the asking price has room for bargaining and when I believe the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Every REALTOR will convince you they comprehend the home market.
If things don't add up, contact me at (508) 646-4777 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find your dream home
We'll find the home of your dreams in the Fall River area, and when that happens, I'll thoroughly create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
Upon presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property, and it's usually 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 the deal
Most contracts aren't closed on the first offer. It's very common to receive a counter offer. Don't let this discourage you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
Market circumstances will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Obtain a loan
Once the deal is finished, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't be a long process at all. But you'll want to keep 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 provide you with a Loan Estimate (LE) of closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of getting your application.
The estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a tight range of accuracy. I'll review the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will likely be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply contact me at (508) 646-4777 or e-mail me at .