Purchasing your home in Burleson with Top Texas Realty
For many people, purchasing a home can be an intimidating event. However, with some planning ahead of time, it's not that hard.
I like to furnish buyers with an outline of the whole deal so they'll understand exactly what to expect.
Here are my nine steps to buying a home.
If you have questions regarding this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are a lot of things you need to contemplate before beginning your home search.
It's likely that you'll want to create a check list of must-have features, get a feeling for what neighborhoods and school districts you want to live in, and begin working on your budget.
A good rule to adhere to is that your mortgage payment should be less than or around 30 percent of your monthly income.
Step 2 – Communicate with a real estate agent in Burleson
This is where I can help.
We'll plan a time to meet so we can talk 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 Burleson area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.
I can also help you start the loan process.
I partner with some of Burleson's best mortgage professionals, so you can rest assured that you're in great hands.
They will assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After our first meeting, I'll start searching for houses on the market that are great for you.
I'll get a sneak peek of many of the houses and remove the bad ones, and then we'll set up appointments to tour the houses at a time that's convenient for you.
When we tour the houses, I'll show you the positive features, as well as bad ones. I'll even ask you to point out what things you like and don't like.
Most often, buyers update their must-have list as we view homes and some things become more important than others.
If such is the case, I'll go back through the listings one more time and narrow it down to the home you've been waiting for.
Step 4 – Know the market
An agent's awareness of the Burleson housing market is an essential element in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I can communicate certain districts are "hot" and call for immediate action and others that are "cool" and allow for thoughtful examination.
As we tour houses, I'll let you know when the asking price has room for negotiation and also when I know the house is "priced to sell."
Every real estate agent will tell you they understand the home market, but take notice, and be sure to ask your agent plenty of questions.
If things don't add up, just call me at (817) 744-8300 or e-mail me at , and I'd be happy to answer any questions you may have. My market knowledge will keep you a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
I'm confident we'll find your dream house in Burleson. When that happens, I'll thoroughly create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.
When we present your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to buy the property, and it's usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the initial offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to consent to the counter offer, submit 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 compose a contract that's best for you.
Step 7 – Obtain your loan
Once we sign the final contract, you'll begin working with your lender to close the loan.
This won't take much time at all if you're already pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of getting your loan application.
The estimate is formed from the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy. I'll review the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This should happen at a title company or escrow office and should be a smooth and stress-free event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, just contact me at (817) 744-8300 or e-mail me at .