Buying a new home in Burleson?
With a little up-front planning, buying a home isn't too complicated, but the event intimidates many people.
So they understand exactly what to expect, I like to furnish buyers with an overview of the whole deal.
Below are my nine steps to purchasing a home.
Should you have questions regarding any of this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Prepare to buy
There are plenty of things you should contemplate before beginning your home search.
It's likely that you'll want to make a checklist of features you need to have, get a plan of what school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good principle to adhere to.
Step 2 – Connect with a real estate agent in Burleson
This is where Top Texas Realty can help.
I'd like to plan a time to get together with you and talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Burleson area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some very good mortgage professionals in Burleson, and I work with a lot of them, so you'll be in great hands.
They'll help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin your search
After we meet, I'll start searching for houses on the market that are a great fit for you.
I'll preview most of the houses and throw out the bad ones, and then we'll set up appointments to tour the houses whenever it's convenient for you.
When we view the homes, I'll show you the good features and negative ones. I'll even ask you to point out what things you like and dislike.
It's common for buyers to amend their must-have list as we tour houses and some things become far more crucial than others.
If that happens, I'll search all the listings once more and narrow it down to the house you've been wishing for.
Step 4 – Comprehend the market
My knowledge of the Burleson housing market is an essential component in your home search. I'm familiar with all the neighborhoods and schools, and I'll let you know some areas are "hot" and warrant prompt action and some that are "cool" and allow for more analysis.
When we view homes, I'll be sure to tell you if the list price has room for negotiation or if I believe the home is "priced to sell."
Be on guard and be sure to ask your agent plenty of questions, as every real estate agent in Burleson will tell you they comprehend the housing market.
If it doesn't seem like they know everything, call me at (817) 744-8300 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
We'll find the house of your dreams in Burleson, and when we do, I'll meticulously create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as acquiring financing, completing the inspection, and a clean title.
Upon turning in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property. The amount is typically applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing limits. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Secure financing
Once we sign the final contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, it shouldn't take much time at all. However, you'll need to keep in close contact with your mortgage lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) of closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your application.
The estimate depends on the loan amount, and RESPA requirements order that it has to involve 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 should happen at a title company or escrow office and will most often be a smooth and stress-free event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at (817) 744-8300 or e-mail me at .