Buying or selling a home in Kearny? Rosa Agency can help.
Buying a home is stressful for many people, but it's not very confusing with a little planning ahead of time.
I like to supply buyers with an outline of the entire deal so they'll know exactly what they can expect.
Here are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Get ready to purchase
Before you start looking for a home, there are many things you'll want to contemplate.
You'll probably want to form a list of items you need, plan for what school districts you want to live in, and begin planning your budget.
Keeping your mortgage payment less than or around a third of your net monthly income is a good principle to go by.
Step 2 – Connect with a real estate agent
That's where I come in.
We'll schedule 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 everything from neighborhoods, schools in the Kearny area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.
I'll also help you get started on your loan.
There are some very good mortgage professionals in Kearny, and I partner with a lot of them, so you're in great hands.
They'll assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
Following our initial meeting, I'll begin searching for houses on the market that are good for you.
I'll get a sneak peek of many of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes at a time that's convenient for you.
As we view homes, I'll show you the positive features, as well as negative ones. And I'll ask you to point out what things you like and don't like.
Generally, buyers change their must-have list as we tour houses and some items become far more necessary than others.
If such is the case, I'll look through the listings once more and narrow it down to the home of your dreams.
Step 4 – Understand the market
My knowledge of the Kearny market is an essential aspect in your house search. I am conscious of all the neighborhoods and schools, and I will alert you to certain districts are "hot" and require immediate action and the ones that are "cold" and allow for careful consideration.
As we view homes, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell."
Every REALTOR in Kearny will convince you they truly understand the home market, but take notice, and make sure you ask lots of questions.
If it seems like they don't know everything, call me at 2019977860 or e-mail me at , and I'd be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the house you've been looking for
We'll find the house of your dreams in Kearny, and when we do, I'll meticulously develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.
When we submit your offer, you'll probably need to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property. The amount is often put towards the cost of closing. If the offer is accepted, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the first offer – it's pretty common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing constraints. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Obtain a loan
Upon signing the deal, you'll start working with your lender to close the loan.
If you've been pre-approved, this shouldn't take very long at all. But you'll want to stay in close contact with your lender.
And I'll handle all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your loan application.
The estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy, and I'll study the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will most often be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just contact me at 2019977860 or e-mail me at .