First, you should write down what you are looking for in your new home.
Congratulations on your decision to purchase a new home! Your first step toward buying your new home will be to analyze your families needs. I would be happy to assist in analyzing your needs so that you will be able to get a clear picture of exactly what your new home should be.First, you should write down what you are looking for in your new home. For example, are you currently renting and would like to have a home where you can begin building equity? Maybe you recently married and have outgrown your current residence. Or, maybe you have just gotten that promotion, which allows you to move to your Dream Home. There are many factors that will have a bearing on how you approach your home search. Second, establish a time frame that you would like to stay within for buying your home. Depending on your reasons for wanting a new home and the current state of the market here in the area, you will be able to come up with a rough guideline, which you can finalize as you gather more information. Last, you most likely have a mental picture of what you would like your house to look like and what features it should have. It?’s very important to write these ideas down to avoid any ambiguity later in your home search. You should make at least two lists: one should be a list describing your dream home and the other should list the features of the home that you feel are absolute must have in order to buy the home. In a perfect world, your new home would fulfill both lists 100 percent. It is more likely that you will end up blending the two lists into a schedule of prioritized items as you progress through the buying process. This is a natural and evolutionary process that will become much clearer as you find out what is available here in our market.
It is now time to go get pre-approved or pre-qualified for a mortgage.
Now that you have your list of features you want in your new home, you are ready to start looking! Well, not just yet. You are going to need to know in what price range to look. It is now time to go get pre-approved or pre-qualified for a mortgage. You will need to contact a mortgage company and I would be happy to refer a company or loan officer that I have worked with in the past who has the ability to make your dream home become a reality. There are some key differences between pre-qualification and pre-approval for a loan that you need to be aware of. Loan pre-qualification is a simple process. It takes into account very basic information regarding your financial status and gives you an amount for which you may qualify. This can be done strictly on a verbal level or electronically over the Internet or by phone. The pre-qualified amount is based solely on the information you provide. In most markets, pre-qualified buyers usually hold little clout compared to pre-approved buyers due to the fact that the information given during the pre-qualification process is not thoroughly investigated and therefore may be unreliable. Where a pre-approved buyer is actually approved for a loan of a certain amount, a pre-qualified buyer is only told that they might be approved for a certain amount. Pre-approval is a much more involved process. The lender will take all pertinent information regarding your finances and perform an extensive check on your current financial status. This will ultimately give you the exact amount that you will be eligible for (depending on what type of loan you decide to go with). Being pre-approved lets the seller know that you have gone through an extensive financial background check and there should be no unexpected obstacles to buying the home. You can see how being pre-approved would be more attractive to a seller than just being pre-qualified.
You will not just be just buying a house you are buying the neighborhood the home is in
Now that you have your list of needs and wants and you know how much you can afford to spend, it?’s time to look at some houses! Not just yet. Step back for a moment and consider the larger picture. You will not just be just buying a house you are buying the neighborhood the home is in use my web site to view many area subdivisions. When you find your dream home you want it to be in a neighborhood that is to your liking with the amenities that you need. So, you will need to make another list of what type of neighborhood you want to live in. You will most likely want to consider things like how living in the neighborhood will affect your drive time to and from work, what amenities are offered (swimming pool, tennis courts, park, etc.), and, if you have children who are attending school or soon will be, what school district you will be in and how close the schools are. You may even want to make two lists just as you did with your home criteria. I will be able to help you consolidate the information from your list of needs and wants for your home, your pre-approval, and your list of needs and wants for the neighborhood. From this, you can incorporate this information into a search profile, which you can then narrow down to specific areas dictated by the market in which you will be looking. My experience in our local markets will be a valuable resource during this step.
Get involved in my Dream Home program!
Through my website you will be able to view many area subdivisions, new developments, local builders area schools and much more. So now when the weather is nasty, the kids not feeling well you may still be searching for your Dream Home. If your life is a bit hectic you may chose to sign up for my Dream Home function and let your computer do the work. Every day new properties come to the market, the Dream Home function will send all newly listed properties that meet your pre-set criteria every day in an email so you will never miss the perfect home for you and your family.
I will consult with you and give you my best advise.
Now that we have found your Dream Home we start the process to purchase, it is time to make an offer. Taking into account all of the recent sales of homes in that neighborhood which were similar in size, quality, conveniences, and amenities, is the asking price fare for the home? I will consult with you and give you my best advise and we will create an offer that will have the best chance of being accepted. I will ensure that you have everything down in written form... no verbal agreements. After consulting we put your offer in a written agreement that meets all the legal requirements according to our local and national guidelines, I will present the seller with a written document detailing what needs to be done by both parties to execute the transaction. The agreement should protect the best interests of all parties involved and should be comprehensive in nature.I will also ensure your financial position as the buyer, by including any necessary contingencies, which will protect you if a particular requirement is not met. Once the seller accepts your offer it may be too late to make any changes. The agreement, though not limited to this list, should include the following:· A legal description of the property· The offering price · The down payment · Financing arrangements · A list of fees and who will pay them · Amount of the deposit · Inspection rights and possible repair allowances · The method of conveying the title and who will handle the closing · A list of appliances and furnishings which will stay with the home · The settlement date · Any relevant contingencies Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away. After all, you do not want to be in your closing saying. "I wish I had asked a few more questions."
Keep in mind that almost everything is negotiable when you are buying a house.
Once your offer is made, I may need to enter some negotiation in order to reach an agreement. Keep in mind that almost everything is negotiable when you are buying a house. This can give you a great deal of leverage in the buying process that is, if you have adequate information and you use it in an appropriate manner. I have the market knowledge and negotiating expertise necessary to make sure that your offer will be accepted at the best price and terms possible for you. Some of the things that you may have to negotiate are:· The price · Financing · Closing costs · Repairs that need to be done (who will pay) · Appliances and fixtures · Landscaping · Painting · Occupancy time frame The key to successful negotiating is keeping in mind that the end result must make both you, and the seller happy. Otherwise, negative feelings will persist throughout the remainder of the process and you do not want to walk away feeling that you were not treated fairly.