Buying or selling a home?

With some up-front planning, purchasing a home isn't very hard, but the event is stressful for a lot of people. So they'll understand exactly what to expect, I will provide buyers with an overview of the whole deal. Below are my nine steps to buying a home. If you have any 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 – Get ready to purchase
There are several things you'll want to contemplate before you start looking for a home. When you start your search, you'll probably want to make a checklist of items you need, get a feeling for what school districts and neighborhoods you want to live in, and begin planning your budget. Ensuring your mortgage payment is less than or close to 1/3 of your monthly income is a good guideline to follow.

Step 2 – Communicate with a real estate agent
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 plans for the future. We'll discuss everything from neighborhoods, school districts in the Gatesville area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll assist you in getting started on your loan. Kristi's Properties works with some of the best mortgage professionals in Gatesville, so you can rest assured that you're in great hands. They'll help you decide which kind of loan is best for you, as well as help you get approved.

Step 3 – Start house-hunting
After we meet for the first time, I'll begin searching for homes on the market that meet your needs. I'll preview many of the homes and eliminate the duds, and then we'll book appointments to tour the homes when it's most convenient for you.

When we tour houses, I'll identify good features and bad ones. I'll also ask you about things you like and dislike. It's pretty common for buyers to amend their wish list as we tour houses and some features become far more substantial than others. If such is the case, I'll look through the listings one more time and trim it down to the house of your dreams.

Step 4 – Know the market
Your agent's awareness of the Gatesville housing market is a fundamental component in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I'll let you know certain districts are "hot" and demand immediate action and others that are "cool" and allow for more analysis.

As we tour houses, I'll be sure to tell you when the seller's list price has room for bargaining and also when I believe the home is "priced to sell." When working with an agent, be on guard and make sure you ask plenty of questions. Every REALTOR in Gatesville will claim to understand the housing market. If things don't add up, just call me at 254-248-1212 or e-mail me at , and I'd be glad to answer any questions you have. My understanding of the market will keep you a step ahead throughout the entire deal.

Step 5 – Find the house of your dreams
I know we'll find your dream home in Gatesville. When that happens, I'll carefully develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as getting financing, completing the inspection, and a clean title.

When we turn in your offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the first offer – it's widely common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that's best for you.

Step 7 – Get your loan
After the contract is finalized, you'll start working with your mortgage lender to close the loan. If you've been pre-approved, it won't take very long at all. But you need to stay in close contact with your lender. And I'll sort out 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 mortgage lender within three days of getting your application. This estimate depends on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will most likely happen at a title company or escrow office and should be a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you contact me at 254-248-1212 or e-mail me at .

Looking to Buy?

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