Buying or selling a home?
With a little up-front planning, buying a home isn't very hard, but the event intimidates many people.
So they'll know exactly what to expect, I'll provide buyers with an overview of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are many things you should contemplate before beginning your home search.
It's likely that you'll want to make an index of features you need to have, get a feel for what school districts you want to live in, and begin working on your budget.
Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent
This is where Rob Robbins can help.
We'll plan a time to meet 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 Branson area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some very good mortgage professionals in Branson, and I work with a lot of them, so you're in great hands.
They will help you choose which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your search
Following our initial meeting, I'll start searching for available houses on the market that suit your needs.
I'll preview most of the homes and eliminate the duds, and then we'll book appointments to tour the houses when it's most convenient for you.
When we view the houses, I'll point out positive features, as well as negative ones. I'll also ask you to point out what things you like and dislike.
Usually, buyers amend their list of must-haves as we view houses and some features become more crucial than others.
If that happens, I'll go back through all the listings one more time and trim it down to the home you've been waiting for.
Step 4 – Know the market
My understanding of the Branson housing market is a leading factor in your house search. I'm mindful of all the school districts and neighborhoods, and I can alert you to what areas are "hot" and warrant prompt action and some that are "cool" and allow for more consideration.
When we tour homes, I'll let you know when the seller's list price has room for bargaining and also when I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask plenty of questions, as every real estate agent will claim to know the market.
If things don't add up, just call me at (417) 334-1374 or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find your dream house
I know we'll find your dream house in Branson. When that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When we send in your offer, you'll need to submit "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property. The amount is usually applied to the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the first offer. It's widely common to receive a counter offer. But don't let it alarm 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 go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing limits. And at the end of the day, we'll create a contract that's best for you.
Step 7 – Get your loan
After the contract is signed, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, it won't take very long at all, but you'll need to stay in close contact with your lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application.
This estimate is based on the loan amount. RESPA requirements require that it has to contain 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 adequate.
Then we'll close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at (417) 334-1374 or e-mail me at .