Buying or selling a home? DRB Realty & Properties LLC can help.
Purchasing a home is intimidating for a lot of people, but it isn't all that difficult with a bit of up-front planning.
So they'll know exactly what to expect, I like to give buyers an outline of the whole deal.
These are my nine steps to purchasing a home.
Should you have questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase a home
Prior to beginning your home search, there are many things you should take into account.
When you start your search, you'll want to create a checklist of features you want to have, get a plan of what neighborhoods you want to live in, and start planning around your budget.
Ensuring your mortgage payment is around a third of your net monthly income is a good rule to follow.
Step 2 – Communicate with a real estate agent in Swainsboro
That's where I can help.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, schools in the Swainsboro area, the mortgage industry, and any additional economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you start the loan process.
There are some great mortgage professionals in Swainsboro, and I partner with a lot of them, so you can rest assured that you're in great hands.
They can assist you with figuring out which type of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
Following our first meeting, I'll begin looking for houses on the market that are a great fit for you.
I'll preview most of the homes and reject the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.
As we tour the homes, I'll call attention to good features and negative ones. I'll also ask you about things you like and don't like.
It's common for buyers to change their must-have list as we tour houses and some items become far more essential than others.
If that's the case, I'll go back through all the listings one more time and trim it down to the house of your dreams.
Step 4 – Understand the housing market
An agent's awareness of the Swainsboro market is an essential aspect in your house search. And I assure you I'm conscious of all the neighborhoods and schools, and I will communicate some districts are "hot" and require prompt action and others that are "cold" and allow for thoughtful analysis.
When we view houses, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I trust the house is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Every REALTOR in Swainsboro will convince you they truly know the home market.
If it seems like they don't know everything, just call me at 478-237-7292 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the home of your dreams
We'll find your dream house in the Swainsboro area, and when that happens, I'll carefully develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as acquiring financing, carrying out the inspection, and a clean title.
When submitting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property, and it's usually put towards the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the initial offer. It's pretty common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing budget. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Obtain financing
Upon completing the deal, you'll begin working with your mortgage lender to close the loan.
It won't be a long process at all if you've been pre-qualified, but you 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 lender will provide you with a Loan Estimate (LE) detailing 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 taking your application.
This estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and be within a narrow range of accuracy. I'll analyze the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This should take place at a title company or escrow office and will probably be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 478-237-7292 or e-mail me at .