Buying or selling a home in Loveland? At Home Real Estate Company can help.
Buying a home can be stressful for most people. However, with a bit of up-front planning, it's not that hard.
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.
Should you have questions about this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
There are a lot of things you need to take into account before beginning your home search.
When you begin your search, you'll probably want to make a check list of features you want, plan for what neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good principle to go by.
Step 2 – Communicate with a real estate agent
That's where I can help.
I'd be more than happy to schedule a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Loveland area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
I partner with some of Loveland's best mortgage professionals, so you can rest assured that you're in great hands.
They'll help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start your home search
After we meet for the first time, I'll begin finding homes on the market that are great for you.
I'll preview many of the homes and exclude the bad ones, and then we'll schedule appointments to view the houses at a time that's convenient for you.
When we tour homes, I'll identify good features, as well as negative ones. I'll even ask you to point out what things you like and don't like.
For the most part, buyers change their must-have list as we tour homes and some features become more important than others.
If that's the case, I'll look through the listings again and narrow it down to the house you've been dreaming about.
Step 4 – Understand the housing market
Your agent's knowledge of the Loveland housing market is a necessary aspect in your home search. And I can assure you I'm mindful of all the neighborhoods and schools, and I can communicate what neighborhoods are "hot" and demand immediate action and some that are "cool" and allow for careful consideration.
As we view homes, I'll let you know when the seller's asking price has room for bargaining and also when I know the home is "priced to sell."
Every real estate agent will convince you they comprehend the housing market, but beware, and be sure to ask your agent plenty of questions.
If things don't add up, just call me at (970) 203-1101 or e-mail me at , and I'll be more than happy to answer any questions you may have. My knowledge of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been waiting for
I'm certain we'll find the house of your dreams in Loveland. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are obtaining financing, carrying out the inspection, and a clear title.
When we submit your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property and is often applied to the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the initial offer. It's extremely common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market circumstances determine 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 deal that is best for you.
Step 7 – Get your loan
Upon signing the contract, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, it won't take much time at all, but you need to keep in close contact with your lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your loan application.
The estimate rests on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if it all looks okay.
Then we'll close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and comfortable affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just call me at (970) 203-1101 or e-mail me at .