Buying or selling a home? DRB Realty & Properties LLC can help.
For many people, purchasing a home can be a stressful event. However, with some planning ahead of time, it isn't too complicated.
So they'll know exactly what to expect, I'll provide buyers with an outline of the whole deal.
These are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are plenty of things you should contemplate prior to commencing your home search.
When you start your search, you'll want to put together an index of items you want to have, get a feel for what neighborhoods and school districts you want to live in, and start planning your budget.
Ensuring your mortgage payment is no more than a third of your monthly income is a good guideline to adhere to.
Step 2 – Get in touch with a real estate agent in Swainsboro
This is where I come in.
I'd love to book a time to get together with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Swainsboro area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
In addition, I'll help you start the loan process.
There are some very good mortgage professionals in Swainsboro, and I partner with a lot of them, so you can rest assured that you're in great hands.
They'll assist you with figuring out which kind of loan is best for you and help you get approved.
Step 3 – Begin house hunting
After we meet for the first time, I'll begin looking for houses on the market that are good for you.
I'll get a sneak peek of most of the homes and ignore the duds, and then we'll book appointments to view the homes when it's convenient for you.
As we tour houses, I'll point out good features, as well as negative ones. And I'll ask you to point out what things you like and dislike.
Most often, buyers revise their must-have list as we view homes and some features become more necessary than others.
If that's the situation, I'll go back through the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Understand the market
An agent's understanding of the Swainsboro market is a necessary aspect in your house search. And I assure you I'm mindful of all the neighborhoods and school districts, and I can let you know what neighborhoods are "hot" and warrant prompt action and others that are "cold" and allow for more analysis.
As we tour houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the house is "priced to sell."
Be careful and be sure to ask your agent plenty of questions, as any real estate agent will claim to comprehend the market.
If things don't add up, just call me at 478-237-7292 or e-mail me at , and I'd be more than happy to answer any questions you have. My market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in Swainsboro, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clean title.
When presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property, and it's typically put towards the closing costs. If the offer is accepted, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the initial offer, and it's extremely common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And when it's all said and done, we'll create a deal that is best for you.
Step 7 – Secure your loan
Once we sign the final contract, you'll start working with your lender to close the loan.
If you're pre-approved, this shouldn't take long at all, but you should to keep in close contact with your lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your loan application.
This estimate is based on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a tight range of accuracy, and I'll review the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This will most often take place at a title company or escrow office and is often a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at 478-237-7292 or e-mail me at .