Are you looking to buy a new home in Swainsboro? DRB Realty & Properties LLC can help.
Buying a home can be stressful for a lot of people, but it isn't very confusing with a bit of planning ahead of time.
I like to give buyers a road map of the whole deal so they know exactly what to expect.
Here are my nine steps to purchasing a home.
If 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 – Get ready to buy a home
There are several things you should take into account before beginning your home search.
It's likely that you'll want to put together a check list of features you need to have, get an idea of what neighborhoods you'd like to live in, and begin planning around your budget.
A good rule of thumb to go by is that your mortgage payment should be less than or close to 30 percent of your net monthly income.
Step 2 – Contact a real estate agent in Swainsboro
This is where I come in.
We can schedule a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss neighborhoods, schools in the Swainsboro area, the mortgage and housing industries, and any other economic factors that may 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 work with a lot of them, so you can rest assured that you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin your search
After our first meeting, I'll begin finding houses on the market that are great for you.
I'll preview many of the houses and remove the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
When we view homes, I'll identify good features and bad ones. I'll also ask you to tell us about things you like and don't like.
Generally, buyers change their wish list as we view houses and some things become more important than others.
If that's the case, I'll search all the listings one more time and narrow it down to the house of your dreams.
Step 4 – Understand the market
An agent's awareness of the Swainsboro housing market is a leading element in your home search. And I assure you I'm conscious of all the neighborhoods and schools, and I can let you know some districts are "hot" and demand prompt action and some that are "cold" and allow for thoughtful examination.
When we view homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions. Any REALTOR in Swainsboro will claim to truly understand the housing market.
If it doesn't seem like they know everything, call me at 478-237-7292 or e-mail me at , and I'll be happy to answer any questions you may have. My market expertise will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house of your dreams
I'm positive we'll find your dream house in the Swainsboro area. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies, such as acquiring financing, finishing the inspection, and a clean title.
When sending in your purchase 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 purchase the property. The amount is often applied to the cost of closing. If the offer is accepted, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer – it's really common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Secure your loan
After we sign the final contract, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this shouldn't take much time at all. However, you'll need to stay in close contact with your 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 furnish you with a Loan Estimate (LE) outlining your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of accepting your application.
This estimate is based on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a narrow range of accuracy. I'll study the estimate and let you know if it all looks all right.
Then we'll close on your house. This will likely occur at a title company or escrow office and will most often be a smooth and calm occurrence.
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, simply contact me at 478-237-7292 or e-mail me at .