Are you purchasing a home in Concord?
With some planning ahead of time, purchasing a home isn't very complicated, but the event can be stressful for many people.
I like to provide buyers with a road map of the entire deal so they'll know exactly what they can expect.
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 glad to answer questions you have about this information.
Step 1 – Prepare to buy
There are plenty of things you need to do before beginning your home search.
When you begin your search, you'll want to make an outline of must-haves, plan for what neighborhoods you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment around a third of your net monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent in Concord
That's where I come in.
I'd love to book 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 everything from neighborhoods, school districts in the Concord area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
I can also help you start the loan process.
Premier Real Estate Team, Inc works with some of Concord's best mortgage professionals, so you'll be in great hands.
They'll assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
Following our initial meeting, I'll start searching for available homes on the market that meet your needs.
I'll research many of the homes and remove the duds, and then we'll set up appointments to view the homes whenever it's convenient for you.
As we view houses, I'll show you the good features, as well as bad ones. And I'll ask you about things you like and dislike.
It's widely common for buyers to update their wish list as we tour houses and some features become far more substantial than others.
If such is the case, I'll search the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Understand the market
My understanding of the Concord market is an imperative component in your home search. I'm familiar with all the school districts and neighborhoods, and I can communicate some areas are "hot" and warrant prompt action and others that are "cool" and allow for careful examination.
When we tour homes, I'll let you know when the 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 a lot of questions. Every real estate agent will convince you they truly know the market.
If things don't add up, just call me at 7047921900 or e-mail me at , and I'll be happy to answer any questions you may have. My market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream home
I'm sure we'll find the home of your dreams in Concord. When that happens, I'll precisely create your 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.
When presenting your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's most often put towards the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer. It's very common to receive a counter offer. Don't let this intimidate you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.
The state of the market will play a big part in how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Get a loan
Upon finalizing the contract, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, this shouldn't be a long process at all. But you'll want to keep in close contact with your lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application.
This estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy. I'll study the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will most often take place at a title company or escrow office and should be a smooth and relaxed event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to call me at 7047921900 or e-mail me at .