Are you purchasing a home in Cary? RE/MAX Performance can help.
Purchasing a home intimidates a lot of people, but it's not that confusing with a bit of up-front planning.
I like to furnish buyers with an overview of the entire deal so they know exactly what they can expect.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Get ready to buy
There are a lot of things you'll want to do before beginning your home search.
You'll want to assemble an index of features you want, get a feeling for what neighborhoods you'd like to live in, and start working on your budget.
Keeping your mortgage payment less than or close to 1/3 of your monthly income is a good principle to follow.
Step 2 – Connect with a real estate agent
This is where I can help.
I'd love to set up a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Cary area, the mortgage and housing industries, to any other economic factors that may potentially affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
There are some very good mortgage professionals in Cary, and I partner with a lot of them, so you're in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After we meet for the first time, I'll start searching for available houses on the market that best suit you.
I'll get a sneak peek of most of the houses and eliminate the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
When we tour the homes, I'll point out good features and negative ones. And I'll ask you about things you like and dislike.
For the most part, buyers change their must-have list as we view houses and some items become more necessary than others.
If that's the situation, I'll look through all the listings one more time and trim it down to the house you've been wishing for.
Step 4 – Comprehend the market
My understanding of the Cary home market is a crucial agent in your home search. I am familiar with all the school districts and neighborhoods, and I will let you know which areas are "hot" and require prompt action and the ones that are "cold" and allow for more consideration.
As we view houses, I'll let you know if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be on guard and be sure to ask a lot of questions. Any REALTOR will convince you they truly understand the home market.
If it appears they don't know everything, call me at (919) 924-4991 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will help you stay a step ahead through the entire process.
Step 5 – Find your dream house
We'll find your dream home in Cary, and when we do, I'll thoroughly create your purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.
When sending in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property and is often put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer – it's extremely common to receive a counter offer. Don't let it intimidate you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or reject 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 limits. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Obtain your loan
Upon completing the deal, you'll begin working with your lender to close the loan.
If you're already pre-qualified, this shouldn't take much time at all, but you should to stay in close contact with your mortgage lender.
And I'll sort out all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your application.
This estimate is formed from the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy, and I'll analyze the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This should happen at a title company or escrow office and will probably be a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to contact me at (919) 924-4991 or e-mail me at .