Contemplating purchasing a new home in Burleson? Top Texas Realty can help.
Purchasing a home intimidates many people. However, with some planning ahead of time, it's not too difficult.
So they know exactly what to expect, I like to supply buyers with a road map of the whole deal.
These are my nine steps to purchasing a home.
Should you have questions about 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 a home
There are plenty of things you should consider before beginning your home search.
When you begin your search, you'll probably want to assemble a check list of must-have features, plan for what neighborhoods you want to live in, and begin planning around your budget.
A good rule of thumb to go by is that your mortgage payment should be close to 30 percent of your monthly income.
Step 2 – Get in touch with a real estate agent
This is where Top Texas Realty comes in.
I'd love to schedule 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 discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Burleson area.
I'll also help you get started on your loan.
There are some excellent mortgage professionals in Burleson, and I work with a lot of them, so you're in great hands.
They will assist you in figuring out which type of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
Following our first meeting, I'll begin finding available homes on the market that meet your needs.
I'll get a sneak peek of many of the houses and exclude the bad ones, and then we'll book appointments to view the homes whenever it's convenient for you.
As we view houses, I'll identify good features, as well as negative ones. And I'll ask you what things you like and dislike.
As a rule, buyers amend their must-have list as we view homes and some things become far more necessary than others.
If that's the case, I'll search all the listings once again and narrow it down to the home you've been wishing for.
Step 4 – Comprehend the market
Your agent's understanding of the Burleson home market is a necessary element in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I can communicate which areas are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful consideration.
When we tour houses, I'll make sure to communicate if the list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be careful and make sure you ask plenty of questions. Any real estate agent in Burleson will tell you they comprehend the home market.
If it seems like they don't know everything, just call me at (817) 744-8300 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find the home of your dreams in Burleson, and when we do, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, completing the inspection, and a clear title.
When turning in your offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property, and it's most often put towards the closing costs. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer, and it's widely common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Secure financing
After the contract is complete, you'll begin working with your lender to close the loan.
If you've been pre-approved, this won't take much time at all, but you'll want to stay in close contact with your mortgage lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) of your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your loan application.
This estimate rests on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks good.
Then we'll close on your home. This will probably take place at a title company or escrow office and will likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just contact me at (817) 744-8300 or e-mail me at .