Buying or selling a home? Ender & Associates Realty can help.
Buying a home is stressful for most people, but it's not very hard with some up-front planning.
So they understand exactly what to expect, I will supply buyers with an outline of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer any questions you have about this information.
Step 1 – Get ready to purchase
Before you commence your home search, there are a lot of things you'll want to take into account.
When you begin your search, you'll want to form an outline of features you need to have, get an idea of what neighborhoods and school districts you want to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to 30 percent of your net monthly income is a good rule to go by.
Step 2 – Talk to a real estate agent in Mineral Wells
This is where Ender & Associates Realty can help.
We can arrange a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Mineral Wells area, the mortgage and housing industries, and any additional economic factors that might affect your purchase today or in the future.
I'll also help you get started on your loan.
I work with some of Mineral Wells's best mortgage professionals, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Begin looking
After our initial meeting, I'll begin looking for homes on the market that are a great fit for you.
I'll research most of the houses and ignore the duds, and then we'll set up appointments to tour the houses when it's most convenient for you.
As we view houses, I'll identify good features and negative ones. And I'll ask you what things you like and dislike.
It's widely common for buyers to update their must-have list as we view houses and some features become far more crucial than others.
If that's the case, I'll go back through the listings again and trim it down to the home you've been waiting for.
Step 4 – Comprehend the housing market
My knowledge of the Mineral Wells home market is a fundamental agent in your house search. I am informed of all the school districts and neighborhoods, and I will communicate certain areas are "hot" and demand immediate action and some that are "cold" and allow for thoughtful consideration.
When we tour homes, I'll make sure to communicate when the seller's list price has room for bargaining and also when I trust the home is "priced to sell."
When working with an agent, be careful and make sure you ask plenty of questions. Every REALTOR in Mineral Wells will convince you they know the 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 knowledge of the market will keep you a step ahead through the entire deal.
Step 5 – Find the house of your dreams
We'll find your dream house in the Mineral Wells area, and when that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are getting financing, carrying out the home inspection, and a clear title.
When we send in your offer, you'll need to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property. The amount is usually put towards the closing costs. 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
Unfortunately most contracts don't close on the initial offer. It's really common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing budget. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Obtain your loan
Upon finalizing the deal, you'll start working with your lender to close the loan.
If you're already pre-approved, it shouldn't take much time at all, but you should to keep in close contact with your 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) of your closing costs from your mortgage lender within three days of receiving your loan application.
This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a close range of accuracy. I'll study the estimate and let you know if it all looks all right.
Then it's time to close on your house. This will most often occur at a title company or escrow office and will most likely be a smooth and calm occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at (940) 325-2006 or e-mail me at .