Contemplating buying your home in the Seacoast Area of New Hampshire ?Purchasing a home intimidates a lot of people. However, with some planning ahead of time, it isn't that difficult. So you'll understand exactly what to expect, I like to supply my buyers with an overview of the whole deal. These are my nine steps to buying a home.
|When you're ready to get started, you can contact me here or send e-mail to firstname.lastname@example.org. I'm happy to address questions you have about this information.|
Step 1 – Prepare to purchase a home
Before you begin looking for a home, there are many things you need to take into account. You'll most likely want to assemble a checklist of items you need to have, get a feel for what neighborhoods you want to live in, and start working on your budget. Keeping your mortgage payment around 1/3 of your monthly income is a good rule to adhere to.
Step 2 – Talk to a real estate agent
That's where I can help. I'd like to arrange a time to meet with you and speak with you about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Durham area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I'll also assist you with getting started on your loan. There are some great mortgage professionals in the Seacoast Area of New Hampshire, and I partner with a lot of them, so you'll be in great hands. They will help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
After we meet, I'll start looking for homes on the market that best suit you. I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll set up appointments to view the houses at a time that's convenient for you.
As we view houses, I'll identify good features and negative ones. And I'll ask you what things you like and don't like. Generally, buyers amend their must-have list as we tour houses and some things become far more essential than others. If that's the case, I'll look through the listings once again and trim it down to the house you've been waiting for.
Step 4 – Understand the market
Your agent's knowledge of the area's home market is an essential agent in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I'll alert you to some neighborhoods are "hot" and call for prompt action and some that are "cold" and allow for thoughtful examination.
As we tour homes, I'll let you know when the list price has room for negotiation and also when I believe the home is "priced to sell." When working with an agent, be mindful and make sure you ask plenty of questions. Any real estate agent will convince you they truly know the housing market. If it appears they don't know everything, call me at (603)397-1218 or e-mail me at email@example.com, and I'll be happy to answer any questions you might have. My knowledge of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home you've been looking for
I'm confident we'll find the home of your dreams. When that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored keeping your needs in mind, including some contingencies, such as getting financing, completing the home inspection, and a clean title.
When we submit your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property, and it's most often put towards the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer. It's extremely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, propose 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 constraints. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Obtain your loan
After we sign the final deal, you'll start working with your lender to close the loan. This shouldn't be a long process at all if you're already pre-qualified, but you'll need to keep 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
Your mortgage lender will provide you with a Good Faith Estimate (GFE) outlining closing costs within three days of accepting your application. You'll get a Good Faith Estimate (GFE) outlining closing costs from your mortgage lender within three days of getting your application. This estimate is based on the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a close range of accuracy. I'll examine the estimate and let you know if everything looks okay.
Then we'll close on your home. This will probably take place at a title company or escrow office and will probably be a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to contact me at (603)397-1218 or send me an e-mail.