Let Arizona Premier Realty Homes & Land LLC. assist you in buying your home in GlendalePurchasing a home can be stressful for many people, but with a little planning ahead of time, it isn't too complicated. So you'll understand exactly what to expect, I like to provide my buyers with an outline of the entire deal. These are my nine steps to purchasing a home.
|Should you have questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at pattimoore.|
Step 1 – Prepare to purchase a home
There are several things you need to contemplate before commencing your home search. When you start your search, you'll want to form a check list of must-have features, get a plan of what neighborhoods you want to live in, and start working on your budget. A good rule to follow is that your mortgage payment should be no more than a third of your monthly income.
Step 2 – Contact a real estate agent in Glendale
This is where Arizona Premier Realty Homes & Land LLC. can help. We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Glendale area, the mortgage industry, and any other economic factors that could potentially affect your buying decision today or in the future.
I'll also assist you with getting started on your loan. There are some great mortgage professionals in Glendale, 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 kind of loan is best for you, as well as help you get approved.
Step 3 – Start your search
Following our first meeting, I'll start finding homes on the market that are great for you. I'll preview most of the houses and remove the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.
As we tour houses, I'll call attention to good features, as well as negative ones. I'll also ask you to talk about things you like and dislike. It's common for buyers to update their list of must-haves as we view houses and some features become far more crucial than others. If such is the case, I'll search all the listings another time and trim it down to the home you've been dreaming about.
Step 4 – Get a feel for the housing market
My knowledge of the Glendale housing market is a valuable benefit in your house search. I am conscious of all the neighborhoods and schools, and I can communicate what areas are "hot" and demand immediate action and some that are "cool" and allow for thoughtful consideration.
As we view houses, I'll let you know when the list price has room for bargaining and when I think the home is "priced to sell." When working with an agent, be careful and make sure you ask lots of questions. Every real estate agent will convince you they comprehend the housing market. If it doesn't seem like they know everything, just call me at 6235947680 or e-mail me at firstname.lastname@example.org, and I'll be glad to answer your questions. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find your dream home
I'm positive we'll find your dream house in Glendale. When that happens, I'll carefully develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies, such as acquiring financing, completing the home inspection, and a clean title.
Upon sending in your offer, you'll need to present "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property. The amount is usually applied to the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer, and it's really common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
The state of the market will play a vital role in how aggressively we negotiate the contract. In addition, we'll work within your budget. And at the end of the day, we'll put together a deal that is best for you.
Step 7 – Obtain financing
Upon signing the deal, you'll start working with your lender to close the loan. If you're pre-approved, this won't be a long process at all, but you'll want to stay in close contact with your mortgage lender. And I'll manage all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Good Faith Estimate (GFE) of closing costs within three days of receiving your application. You'll get a Good Faith Estimate (GFE) of closing costs from your lender within three days of receiving your loan application. The estimate is based on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a precise range of accuracy, and I'll study 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 easygoing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at 6235947680 or send me an e-mail.