Let Kristi's Properties assist you in buying your home in Gatesville
With a little up-front planning, buying a home isn't very difficult, but the event intimidates many people.
I like to supply buyers with an overview of the entire deal so they'll know exactly what to expect.
These are my nine steps to purchasing a home.
Should you have questions regarding any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are plenty of things you'll want to do prior to beginning your home search.
It's likely that you'll want to form a list of features you want to have, get an idea of what neighborhoods you want to live in, and begin working on your budget.
A good rule of thumb to follow is that your mortgage payment should be close to 1/3 of your net monthly income.
Step 2 – Talk to a real estate agent
This is where I come in.
I'd be happy to schedule a time to meet with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Gatesville area.
In addition, I'll assist you in getting started on your loan.
Kristi's Properties partners with some of Gatesville's finest mortgage professionals, so you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Begin house hunting
After we meet for the first time, I'll begin looking for available homes on the market that suit your needs.
I'll research many of the homes and exclude the duds, and then we'll schedule appointments to tour the houses when it's most convenient for you.
When we tour houses, I'll point out positive features, as well as negative ones. I'll also ask you to point out what things you like and dislike.
It's pretty common for buyers to change their wish list as we tour homes and some items become far more crucial than others.
If that happens, I'll go back through all the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Know the market
An agent's knowledge of the Gatesville market is an imperative factor in your home search. And I can assure you I'm conscious of all the neighborhoods and schools, and I'll communicate certain neighborhoods are "hot" and call for prompt action and others that are "cold" and allow for more examination.
When we view houses, I'll make sure to communicate when the seller's list price has room for bargaining and also when I think the home is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions. Every REALTOR in Gatesville will tell you they comprehend the market.
If things don't add up, contact me at 254-248-1212 or e-mail me at , and I'll be happy to answer any questions you may have. My understanding of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
I'm sure we'll find your dream home in the Gatesville area. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as acquiring financing, completing the inspection, and a clean title.
When we submit your purchase offer, you'll probably want to present "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's usually put towards the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer – it's widely common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Obtain financing
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, it shouldn't take long at all. However, you should to stay in close contact with your mortgage lender.
And I'll care for all the property information your lender needs 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.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will most likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call me at 254-248-1212 or e-mail me at .