Let At Home Real Estate Company assist you with purchasing a new home in Loveland
For a lot of people, purchasing a home can be an intimidating event. However, with some planning ahead of time, it isn't all that hard.
I like to give buyers an outline of the entire deal so they know exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Prepare to purchase
There are plenty of things you should consider before you start searching for a home.
When you start your search, you'll probably want to assemble an outline of features you need to have, get a feel for what school districts and neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment less than or around 30 percent of your monthly income is a good guideline to adhere to.
Step 2 – Speak with a real estate agent in Loveland
That's where I can help.
We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss neighborhoods, school districts in the Loveland area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you facilitate the loan process.
I partner with some of Loveland's best mortgage professionals, so you can rest assured that you're in great hands.
They can help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Start your search
Following our first meeting, I'll start finding homes on the market that are a great fit for you.
I'll research most of the homes and eliminate the bad ones, and then we'll set up appointments to tour the homes when it's convenient for you.
When we tour the houses, I'll call attention to good features, as well as bad ones. I'll also ask you to talk about things you like and dislike.
Usually, buyers revise their wish list as we view houses and some items become more crucial than others.
If such is the case, I'll search all the listings once again and trim it down to the house you've been dreaming about.
Step 4 – Comprehend the housing market
My awareness of the Loveland home market is a fundamental component in your home search. I'm familiar with all the school districts and neighborhoods, and I can let you know some districts are "hot" and require prompt action and the ones that are "cool" and allow for more analysis.
As we tour homes, I'll make sure to communicate if the seller's asking price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Any real estate agent in Loveland will convince you they truly understand the housing market.
If it doesn't seem like they know everything, call me at (970) 203-1101 or e-mail me at , and I'll be happy to answer any questions you have. My market expertise will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been waiting for
I'm sure we'll find the home of your dreams in the Loveland area. When we do, I'll precisely develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, carrying out the inspection, and a clean title.
When sending in your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property and is often applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer. It's really common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing budget. And when it's all said and done, we'll put together a contract that is best for you.
Step 7 – Obtain your loan
Upon signing the deal, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take much time at all. But you'll need to stay in close contact with your lender.
And I'll sort out all the property information your 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 is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will probably take place at a title company or escrow office and should be a smooth and comfortable 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, just call me at (970) 203-1101 or e-mail me at .