Buying or selling a home in Fall River? E Z Home Search Real Estate Inc. can help.
With a little up-front planning, purchasing a home isn't very complicated, but the event is stressful for a lot of people.
So they'll know exactly what to expect, I'll supply buyers with an overview of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have about this information.
Step 1 – Prepare to buy a home
There are many things you'll want to take into account prior to commencing your home search.
When you begin your search, you'll want to put together a checklist of features you want to have, get an idea of what school districts and neighborhoods you want to live in, and begin planning around your budget.
A good rule to adhere to is that your mortgage payment should be close to a third of your net monthly income.
Step 2 – Connect with a real estate agent in Fall River
This is where I come in.
I'd love to schedule a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Fall River area.
I can also help you begin the loan process.
E Z Home Search Real Estate Inc. works with some of the finest mortgage professionals in Fall River, so you'll be in great hands.
They will assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Begin your home search
After we meet for the first time, I'll start finding available houses on the market that are good for you.
I'll research most of the houses and remove the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.
As we tour the homes, I'll identify good features, as well as bad ones. I'll even ask you what things you like and don't like.
Generally, buyers amend their list of must-haves as we tour houses and some features become more crucial than others.
If that's the situation, I'll search the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Understand the housing market
Your agent's understanding of the Fall River home market is a necessary aspect in your home search. And I assure you I'm informed of all the neighborhoods and schools, and I will let you know certain areas are "hot" and demand prompt action and some that are "cold" and allow for more consideration.
When we tour houses, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell."
Trust your instincts and make sure you ask plenty of questions, as any REALTOR in Fall River will convince you they comprehend the housing market.
If it appears they don't know everything, just call me at (508) 646-4777 or e-mail me at , and I'd be happy to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream home
We'll find your dream home in the Fall River area, and when we do, I'll carefully 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 obtaining financing, completing the inspection, and a clean title.
Upon sending in your offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property and is most often applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer. It's very common to receive a counter offer. Don't let it discourage you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
Market conditions will play a big part in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Obtain your loan
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan.
This won't take very long at all if you're already pre-approved, but you'll want 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) outlining your closing costs from your mortgage lender within three days of getting your application.
This estimate rests on the loan amount. RESPA requirements require that it has to include all closing costs and fall within a precise range of accuracy, and I'll review the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will most likely be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at (508) 646-4777 or e-mail me at .