Purchasing your home in Gatesville

Buying a home intimidates a lot of people. However, with some up-front planning, it's not too hard. I like to provide buyers with an overview of the entire deal so they'll know exactly what they can expect. Here are my nine steps to purchasing a home. Should you have questions regarding this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
There are many things you should contemplate before you start searching for a home. When you begin your search, you'll want to put together an index of items you need to have, get a plan of what school districts you want to live in, and begin working on your budget. A good rule to adhere to is that your mortgage payment should be around a third of your net monthly income.

Step 2 – Speak with a real estate agent
This is where Kristi's Properties comes in. I'd be more than happy to book a time to get together with you and communicate with you about your real estate needs and get an idea of your future plans. We'll discuss everything from neighborhoods, school districts in the Gatesville area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.

I can also help you facilitate the loan process. I partner with some of Gatesville's best mortgage professionals, so you can rest assured that you're in great hands. They will assist you in choosing which kind of loan is best for you and help you get qualified.

Step 3 – Start house-hunting
After our first 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 houses and reject the bad ones, and then we'll book appointments to tour the homes when it's convenient for you.

When we view houses, I'll call attention to positive features, as well as bad ones. And I'll ask you to tell us about things you like and dislike. Usually, buyers update their must-have list as we view homes and some features become more essential than others. If that's the case, I'll search the listings once again and narrow it down to the house you've been dreaming about.

Step 4 – Know the market
My understanding of the Gatesville home market is a leading factor in your house search. I am mindful of all the neighborhoods and school districts, and I can communicate certain districts are "hot" and require immediate action and others that are "cool" and allow for careful consideration.

When we tour homes, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask a lot of questions, as every real estate agent will convince you they truly understand the housing market. If things don't add up, call me at 254-248-1212 or e-mail me at , and I'll be happy to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire deal.

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

When we send in your offer, most likely you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is typically put towards the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the contract 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 create a contract that works well for you.

Step 7 – Secure a loan
Once the contract is finalized, you'll begin working with your lender to close the loan. It shouldn't be a long process at all if you've been pre-approved, but you'll need to keep in close contact with your lender. And I'll sort out all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application. The estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll go over the estimate and let you know if everything looks permissible.

Then it's time to close on your house. This will probably occur at a title company or escrow office and will probably be a smooth and peaceful occasion.

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