Buying or selling a home in Loveland? At Home Real Estate Company can help.

With some up-front planning, purchasing a home isn't that confusing, but the event intimidates many people. I like to provide buyers with a road map of the entire deal so they know exactly what they can expect. Here are my nine steps to purchasing a home. If you have any questions regarding this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are a lot of things you'll want to take into account before beginning your home search. You'll want to create an outline of items you want to have, get a plan of what school districts and neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or around a third of your monthly income is a good rule to go by.

Step 2 – Communicate with a real estate agent
This is where I come in. I'd be more than happy to book a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and school districts in the Loveland area.

In addition, I'll help you get started on your loan. I partner with some of the best mortgage professionals in Loveland, so you'll be in great hands. They'll help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Start looking for a home
After our initial meeting, I'll begin searching for available houses on the market that are good for you. I'll get a sneak peek of most of the homes and throw out the bad ones, and then we'll set up appointments to view the homes when it's most convenient for you.

As we view the homes, I'll point out positive features, as well as bad ones. I'll also ask you to point out what things you like and don't like. For the most part, buyers amend their list of must-haves as we view houses and some items become more necessary than others. If that's the situation, I'll search all the listings one more time and narrow it down to the home you've been dreaming about.

Step 4 – Comprehend the housing market
An agent's understanding of the Loveland home market is a necessary factor in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I will let you know some areas are "hot" and warrant prompt action and the ones that are "cool" and allow for careful analysis.

As we view houses, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I trust the home is "priced to sell." Every real estate agent will claim to know the housing market, but be careful, and make sure you ask lots of questions. If it appears they don't know everything, contact 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 above the rest through the entire process.

Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in Loveland, and when we do, I'll thoroughly create your purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

When we turn in your offer, you'll need to present "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property, and it's typically applied to the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Secure financing
Once we sign the final deal, you'll begin working with your lender to close the loan. If you've been pre-qualified, it shouldn't take much time at all, but you need to keep in close contact with your lender. And I'll care for 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 your closing costs from your mortgage lender within three days of taking your application. The estimate depends on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a precise range of accuracy. I'll study the estimate and let you know if it all looks good.

Then we'll close on your home. This will probably happen at a title company or escrow office and is often a smooth and easygoing occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at (970) 203-1101 or e-mail me at .

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