Contemplating buying your home in Concord?
Purchasing a home is a stressful event for many people. However, with a little up-front planning, it's not all that difficult.
I like to supply buyers with a road map of the whole deal so they know exactly what they can expect.
Here 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 questions you have regarding this information.
Step 1 – Prepare to buy a home
There are a lot of things you'll want to take into account before commencing your home search.
It's likely that you'll want to put together a list of features you want to have, plan for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than or close to 30 percent of your monthly income.
Step 2 – Talk to a real estate agent in Concord
This is where Premier Real Estate Team, Inc can help.
I'd like to book a time to get together with you and speak with you about why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Concord area, the mortgage industry, and any additional economic factors that might affect your purchase today or in the future.
I'll also help you begin the loan process.
I partner with some of Concord's best mortgage professionals, so you can rest assured that you're in great hands.
They'll assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Begin your search
After our initial meeting, I'll begin searching for homes on the market that are great for you.
I'll research many of the houses and remove the duds, and then we'll set up appointments to view the homes at a time that's convenient for you.
When we tour the houses, I'll call attention to positive features, as well as negative ones. And I'll ask you about things you like and don't like.
It's common for buyers to change their wish list as we tour houses and some things become more necessary than others.
If such is the case, I'll go back through the listings once again and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
My awareness of the Concord market is a crucial component in your house search. I'm acquainted with all the neighborhoods and schools, and I can communicate certain districts are "hot" and call for immediate action and the ones that are "cool" and allow for cautiousness.
As we tour homes, I'll let you know if the seller's list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and make sure you ask a lot of questions, as any real estate agent will convince you they comprehend the home market.
If things don't add up, contact me at 7047921900 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will keep you a step ahead through the entire process.
Step 5 – Find the house of your dreams
I know we'll find your dream house in Concord. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
When turning in your offer, you'll likely need to present "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property, and it's most often put towards the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's pretty common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Market conditions will play a part 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 contract that's best for you.
Step 7 – Secure a loan
Upon completing the deal, you'll begin working with your lender to close the loan.
If you've been pre-qualified, it won't take much time at all, but you should to keep in close contact with your lender.
And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application.
The estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a precise range of accuracy. I'll analyze the estimate and let you know if it all looks good.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 7047921900 or e-mail me at .