Buying or selling a home in Kearny?
Purchasing a home is a stressful event for most people, but it's not that hard with some up-front planning.
So they'll understand exactly what they can expect, I will provide buyers with an overview of the entire deal.
Below are my nine steps to purchasing a home.
Should you have questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are many things you'll want to consider before starting your home search.
When you begin your search, you'll want to create an index of features you need, get a feeling for what neighborhoods and school districts you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than or close to 30 percent of your net monthly income is a good rule of thumb to follow.
Step 2 – Get in touch with a real estate agent in Kearny
This is where I can help.
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 upcoming 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 Kearny area.
I'll also assist you in getting started on your loan.
There are some very good mortgage professionals in Kearny, and I work with a lot of them, so you're in great hands.
They'll assist you in figuring out which type of loan is best for you and help you get approved.
Step 3 – Begin your home search
After our initial meeting, I'll start searching for available houses on the market that are good for you.
I'll preview most of the houses and remove the duds, and then we'll book appointments to view the homes when it's most convenient for you.
When we tour the houses, I'll show you the positive features, as well as bad ones. I'll also ask you to point out what things you like and dislike.
It's pretty common for buyers to revise their wish list as we tour homes and some items become more crucial than others.
If that happens, I'll look through all the listings another time and trim it down to the house you've been waiting for.
Step 4 – Know the housing market
Your agent's knowledge of the Kearny market is an essential element in your home search. And I can assure you I'm conscious of 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 "cold" and allow for careful analysis.
As we view houses, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions, as any REALTOR will tell you they truly understand the market.
If things don't add up, contact me at 2019977860 or e-mail me at , and I'd be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
I'm certain we'll find the house of your dreams in Kearny. When that happens, I'll meticulously develop your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
When we turn in your offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer, and it's really common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing limits. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Get financing
Upon signing the contract, you'll start working with your lender to close the loan.
If you're already pre-qualified, it shouldn't take much time at all, but you need to stay in close contact with your mortgage lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application.
The estimate rests on the loan amount. RESPA requirements require that it has to involve all closing costs and be within a narrow range of accuracy, and I'll analyze the estimate and let you know if it all looks all right.
Then we'll close on your home. This will most often occur at a title company or escrow office and should 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, simply contact me at 2019977860 or e-mail me at .