Buying a home in Swainsboro with DRB Realty & Properties LLC
Buying a home is an intimidating event for most people, but it isn't that difficult with a bit of up-front planning.
So they'll understand exactly what they can expect, I like to provide buyers with an overview of the entire deal.
Below 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 – Prepare to purchase a home
There are a lot of things you need to take into account prior to commencing your home search.
When you start your search, you'll probably want to create a list of items you want, get a plan of what neighborhoods and school districts you want to live in, and begin planning your budget.
Keeping your mortgage payment around 1/3 of your net monthly income is a good rule to go by.
Step 2 – Connect with a real estate agent
That's where I can help.
We'll arrange a time to get together so we can talk 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 Swainsboro area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
I partner with some of the finest mortgage professionals in Swainsboro, so you'll be in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
After we meet for the first time, I'll begin searching for available houses on the market that suit your needs.
I'll preview most of the homes and eliminate the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
As we view the houses, I'll call attention to positive features, as well as bad ones. I'll also ask you to tell us about things you like and dislike.
Oftentimes, buyers revise their list of must-haves as we view houses and some items become more crucial than others.
If such is the case, I'll search all the listings one more time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
An agent's awareness of the Swainsboro market is a necessary element in your home search. And I can assure you I'm mindful of all the schools and neighborhoods, and I will let you know which districts are "hot" and warrant prompt action and the ones that are "cold" and allow for careful analysis.
As we view houses, I'll make sure to communicate when the seller's asking price has room for bargaining and when I think the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Every REALTOR in Swainsboro will claim to know the home market.
If it doesn't seem like they know everything, call me at 478-237-7292 or e-mail me at , and I'd be more than happy to answer any questions you may have. My knowledge of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in the Swainsboro area, and when we do, I'll meticulously develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies. A few examples are acquiring financing, finishing the home inspection, and a clean title.
Upon turning in your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property. The amount is usually put towards the closing costs. If the offer is accepted, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer. It's pretty common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Get your loan
Once we sign the final sales contract, you'll begin working with your lender to close the loan.
If you're pre-approved, this won't take much time at all, but you'll want to keep 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
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of getting 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 strict range of accuracy, and I'll go over the estimate and let you know if everything looks all right.
Then it's time to close on your home. This will likely occur at a title company or escrow office and will most likely be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just call me at 478-237-7292 or e-mail me at .