Step 1 – Prepare to purchase
Before you start looking for a home, there are plenty of things you need to contemplate. When you begin your search, you’ll want to assemble a checklist of items you need. get a feel for what school districts you want to live in, and start planning around your budget. Keeping your mortgage payment less than or close to 1/3 of your monthly income is a good rule to follow.
Step 2 – Get with a real estate agent
That’s where I come in. I’d be happy to book a time to meet with you and discuss with you regarding your real estate needs and get an idea of your upcoming plans. We’ll discuss neighborhoods, school districts in the Wyomissing area, the mortgage and housing industries, and any additional economic factors that could affect your buying decision today or in the future.
I’ll also help you facilitate the loan process. I work with some of Wyomissing’s finest mortgage professionals, so you can rest assured that you’re in great hands. They will help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a house
After our first meeting, I’ll begin looking for homes on the market that are good for you. I’ll research many of the houses and remove the duds, and then we’ll book appointments to tour the homes when it’s convenient for you.
As we view the houses, I’ll identify positive features and negative ones. And I’ll ask you to point out what things you like and don’t like. Most often, buyers amend their list of must-haves as we tour houses and some features become far more substantial than others. If that’s the situation, I’ll look through all the listings once again and trim it down to the home you’ve been wishing for.
Step 4 – Get a feel for the housing market
Your agent’s knowledge of the Wyomissing market is a fundamental factor in your house search. And I assure you I’m conscious of all the school districts and neighborhoods, and I’ll alert you to what areas are “hot” and warrant immediate action and some that are “cold” and allow for cautiousness.
As we tour houses, I’ll be sure to tell you when the seller’s list price has room for negotiation and also when I trust the home is “priced to sell.” Every real estate agent will claim to comprehend the housing market, but trust your instincts, and be sure to ask plenty of questions. If it seems like they don’t know everything, contact me at 610.376.9999 or e-mail me at firstname.lastname@example.org, and I’d be happy to answer any questions you might have. My understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
I’m confident we’ll find your dream house in Wyomissing. When that happens, I’ll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind, including several contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When we send in your purchase offer, you’ll need to present “earnest money.” This is a cash deposit made to a seller to secure an offer to buy the property. The amount is usually applied to the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren’t closed on the first offer, and it’s pretty common to receive a counter offer. Don’t let this discourage you. We’ll talk about whether or not to agree to the counter offer, present our own counter offer, or decline the seller’s offer and go on.
How aggressively we negotiate the contract depends on the state of the market. We’ll also work within your financing budget. And when it’s all said and done, we’ll put together a deal that works well for you.
Step 7 – Secure financing
Upon finalizing the deal, you’ll begin working with your lender to close the loan. If you’re pre-qualified, this won’t be a long process at all. However, you need to stay in close contact with your mortgage lender. And I’ll deal with all the property information your lender needs to close the loan.