Buying or selling a home in Swainsboro? DRB Realty & Properties LLC can help.
Purchasing a home is intimidating for most people, but with some planning ahead of time, it's not all that complex.
So they'll know exactly what to expect, I will supply buyers with an overview of the whole deal.
Here are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are many things you need to take into account prior to beginning your home search.
When you start your search, you'll probably want to put together a check list of items you need to have, plan for what school districts and neighborhoods you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good principle to go by.
Step 2 – Communicate with a real estate agent
That's where I come in.
We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Swainsboro area.
I can also assist you in getting started on your loan.
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'll help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a home
Following our first meeting, I'll start searching for available houses on the market that are good for you.
I'll research most of the houses and remove the bad ones, and then we'll schedule appointments to view the homes when it's convenient for you.
As we view homes, I'll call attention to good features and negative ones. And I'll ask you to point out what things you like and dislike.
Usually, buyers revise their must-have list as we tour houses and some things become more important than others.
If such is 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 home market is an imperative agent in your house search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I can alert you to which areas are "hot" and call for prompt action and the ones that are "cool" and allow for careful analysis.
As we tour homes, I'll let you know if the list price has room for bargaining or if I believe the home is "priced to sell."
Be on guard and make sure you ask lots of questions, as every REALTOR will tell you they understand the home market.
If things don't add up, just call me at 478-237-7292 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the house you've been waiting for
I'm certain we'll find your dream house in Swainsboro. When we do, I'll thoroughly create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies, such as obtaining financing, completing the inspection, and a clear title.
When turning in your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is usually applied to the closing costs. If the seller accepts the offer, we should close within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the initial offer – it's extremely common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and move on.
The state of the market will play a big part in how aggressively we negotiate the contract.
We'll also work within your budget. And when it's all said and done, we'll create a contract that's best for you.
Step 7 – Get your loan
Upon completion of the contract, you'll start working with your mortgage lender to close the loan.
It won't take long at all if you're pre-qualified, but you'll want to stay 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 give you a Loan Estimate (LE) detailing your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your loan application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if it all looks good.
Then it's time to close on your house. This will likely happen at a title company or escrow office and is often a smooth and relaxed 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, just call me at 478-237-7292 or e-mail me at .