Let Kristi's Properties assist you in purchasing your home in Gatesville

For most people, buying a home can be a stressful event. However, with a little planning ahead of time, it's not that difficult. So they understand exactly what they can expect, I like to furnish buyers with an overview of the whole deal. Below are my nine steps to purchasing a home. If you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy
There are plenty of things you'll want to contemplate before starting your home search. You'll want to put together a checklist of must-haves, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning your budget. Keeping your mortgage payment around 1/3 of your net monthly income is a good rule of thumb to go by.

Step 2 – Connect with a real estate agent
This is where I come in. We can plan a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, schools in the Gatesville area, the mortgage industry, and any additional economic factors that may affect your purchase today or in the future.

I can also help you start the loan process. There are some very good mortgage professionals in Gatesville, and I partner with a lot of them, so you'll be in great hands. They will help you decide which type 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 start looking for available homes on the market that are great for you. I'll research most of the houses and exclude the bad ones, and then we'll schedule appointments to view the houses when it's convenient for you.

As we tour the houses, I'll show you the good features, as well as negative ones. And I'll ask you to point out what things you like and don't like. Generally, buyers revise their must-have list as we tour homes and some features become more important than others. If that's the case, I'll search all the listings another time and narrow it down to the house you've been dreaming about.

Step 4 – Understand the housing market
My understanding of the Gatesville home market is a necessary factor in your house search. I'm acquainted with all the neighborhoods and school districts, and I will communicate some areas are "hot" and require prompt action and others that are "cold" and allow for careful consideration.

When we tour houses, I'll let you know when the asking price has room for negotiation and also when I know the home is "priced to sell." Every REALTOR will convince you they comprehend the housing market, but be wary, and make sure you ask a lot of questions. If things don't add up, contact 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 help you stay a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
We'll find the house of your dreams in the Gatesville area, and when that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as acquiring financing, completing the home inspection, and a clean title.

When we send in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's typically applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer, and it's really common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. We'll also work within your financing constraints. And when it's all said and done, we'll create a contract that is best for you.

Step 7 – Get a loan
Once we sign the final deal, you'll start working with your lender to close the loan. If you're pre-qualified, it shouldn't take much time at all, but you need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining your 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 getting your loan application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a strict range of accuracy. I'll examine the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This will most often occur at a title company or escrow office and will likely be a smooth and easygoing 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 contact me at 254-248-1212 or e-mail me at .

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