Let RE/MAX Performance help you with buying your new home in Cary
Buying a home is an intimidating event for most people. However, with a bit of planning ahead of time, it isn't that complicated.
I like to give buyers an overview of the entire deal so they know exactly what they can expect.
Here are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have about this information.
Step 1 – Get ready to buy
Before you start searching for a home, there are plenty of things you need to contemplate.
You'll want to create a check list of must-have features, get a plan of what neighborhoods you want to live in, and start working on your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good guideline to adhere to.
Step 2 – Talk to a real estate agent in Cary
This is where RE/MAX Performance can help.
I'd be happy to schedule a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Cary 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.
I partner with some of Cary's finest mortgage professionals, so you can rest assured that you're in great hands.
They can assist you in determining which type of loan is best for you and help you get approved.
Step 3 – Begin house-hunting
After our first meeting, I'll start finding available homes on the market that are good for you.
I'll research many of the homes and throw out the duds, and then we'll book appointments to tour the houses when it's convenient for you.
When we tour homes, I'll show you the positive features, as well as negative ones. I'll even ask you what things you like and dislike.
It's pretty common for buyers to change their list of must-haves as we tour houses and some features become more important than others.
If that's the situation, I'll look through all the listings once more and trim it down to the house you've been dreaming about.
Step 4 – Know the market
My understanding of the Cary housing market is a necessary component in your home search. I am familiar with all the schools and neighborhoods, and I'll communicate some neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for thoughtful analysis.
As we tour houses, I'll be sure to tell you if the list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions, as every REALTOR will convince you they truly know the market.
If it appears they don't know everything, call me at (919) 924-4991 or e-mail me at , and I'll be more than happy to answer any questions you have. My market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the home of your dreams
I know we'll find your dream house in Cary. When we do, I'll carefully develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
Upon sending in your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property, and it's most often applied to the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances will play a role in how aggressively we negotiate the contract.
We'll also work within your financing limits. And at the end of the day, we'll create a contract that is best for you.
Step 7 – Get a loan
Upon finishing the contract, you'll start working with your lender to close the loan.
If you're already pre-qualified, this won't be a long process at all. However, you should to keep in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) outlining closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your loan application.
This estimate is based on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if it all looks all right.
Then we'll close on your home. This will likely take place at a title company or escrow office and will most often be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you contact me at (919) 924-4991 or e-mail me at .