Buying or selling a home?

For many people, purchasing a home can be an intimidating event. However, with some planning ahead of time, it's not too hard. So they know exactly what to expect, I'll give buyers an overview of the entire deal. Below are my nine steps to purchasing a home. Should you have questions about any of this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to buy
Before you begin searching for a home, there are plenty of things you'll want to take into account. When you begin your search, you'll want to assemble an outline of items you want, get a plan of what neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment less than or around 1/3 of your monthly income is a good principle to adhere to.

Step 2 – Contact a real estate agent
This is where I can help. I'd love to plan a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your future plans. We'll talk about the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the Mineral Wells area.

In addition, I'll help you begin the loan process. There are some great mortgage professionals in Mineral Wells, and I partner with a lot of them, so you can rest assured that you're in great hands. They can assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Start your search
Following our first meeting, I'll start searching for homes on the market that are a good fit for you. I'll preview many of the houses and eliminate the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.

As we view the homes, I'll point out good features, as well as bad ones. I'll also ask you to tell us about things you like and don't like. It's widely common for buyers to amend their must-have list as we tour houses and some items become far more necessary than others. If such is the case, I'll search the listings once again and narrow it down to the home of your dreams.

Step 4 – Understand the housing market
Your agent's understanding of the Mineral Wells housing market is a leading aspect in your home search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I can communicate what areas are "hot" and warrant immediate action and the ones that are "cold" and allow for cautiousness.

When we tour houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask a lot of questions, as every real estate agent will claim to know the home market. If it doesn't seem like they know everything, contact me at (940) 325-2006 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will keep you a step ahead through the entire process.

Step 5 – Find the house you've been waiting for
I know we'll find your dream house in Mineral Wells. When we do, I'll carefully create your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as acquiring financing, finishing the home inspection, and a clear title.

When presenting your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's usually applied to the cost of closing. If the seller accepts your offer, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the initial offer, and it's extremely common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your budget. And when it's all said and done, we'll put together a contract that works well for you.

Step 7 – Obtain financing
After the contract is finished, you'll start working with your mortgage lender to close the loan. This won't be a long process at all if you're pre-approved, but you need to keep in close contact with your lender. And I'll look after all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your application. This estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will most often take place at a title company or escrow office and will probably be a smooth and peaceful occasion.

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, make sure you call me at (940) 325-2006 or e-mail me at .

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