Buying or selling a home? Ender & Associates Realty can help.
Purchasing a home is a stressful event for most people, but it's not very confusing with some planning ahead of time.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what they can expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer questions you have about this information.
Step 1 – Prepare to buy a home
There are plenty of things you should contemplate before you look for a home.
It's likely that you'll want to make a checklist of features you need to have, plan for what neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is around a third of your net monthly income is a good guideline to go by.
Step 2 – Talk to a real estate agent in Mineral Wells
This is where Ender & Associates Realty comes in.
We can book a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about everything from neighborhoods, school districts in the Mineral Wells area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.
I can also help you get started on your loan.
I work with some of the best mortgage professionals in Mineral Wells, so you can rest assured that you're in great hands.
They'll help you choose which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
After our initial meeting, I'll start searching for homes on the market that suit your needs.
I'll preview most of the houses and eliminate the duds, and then we'll set up appointments to view the houses whenever it's most convenient for you.
As we view houses, I'll identify positive features, as well as negative ones. I'll even ask you about things you like and dislike.
As a rule, buyers revise their list of must-haves as we view houses and some features become more substantial than others.
If such is the case, I'll look through all the listings again and trim it down to the house you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Mineral Wells home market is an imperative agent in your house search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can communicate certain neighborhoods are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful examination.
When we view homes, I'll make sure to communicate when the seller's asking price has room for negotiation and when I know the house is "priced to sell."
Trust your instincts and be sure to ask lots of questions, as any REALTOR will convince you they truly know the housing market.
If things don't add up, call me at (940) 325-2006 or e-mail me at , and I'll be more than happy to answer any questions you might have. My understanding of the market will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I'm positive we'll find the house of your dreams in Mineral Wells. When we do, I'll precisely create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as obtaining financing, completing the inspection, and a clean title.
When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let this intimidate you. We'll consider 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 conditions.
In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a contract that works well for you.
Step 7 – Get your loan
After the deal is finalized, you'll start working with your lender to close the loan.
If you've been pre-qualified, this won't take long at all, but you need to keep in close contact with your mortgage lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of taking your loan application.
The estimate depends on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks okay.
Then it's time to close on your house. This will most often take place at a title company or escrow office and will likely be a smooth and relaxing affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at (940) 325-2006 or e-mail me at .