Looking to buy a new home in Branson? Rob Robbins can help.
Buying a home is a stressful event for many people, but with a little planning ahead of time, it's not all that complicated.
So they know exactly what to expect, I'll supply buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address any questions you have regarding this information.
Step 1 – Prepare to purchase
There are a lot of things you'll want to do prior to beginning your home search.
It's likely that you'll want to form a list of features you want, get a feel for what neighborhoods you'd like to live in, and start planning around your budget.
A good rule to go by is that your mortgage payment should be around 1/3 of your net monthly income.
Step 2 – Contact a real estate agent
This is where I can help.
We'll arrange 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, schools in the Branson area, the mortgage and housing industries, and any additional economic factors that could affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
I partner with some of Branson's best mortgage professionals, so you're in great hands.
They can assist you in figuring out which kind of loan is best for you and help you get approved.
Step 3 – Begin house hunting
After we meet for the first time, I'll start finding available homes on the market that meet your needs.
I'll preview many of the houses and reject the duds, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
As we tour the homes, I'll call attention to positive features, as well as bad ones. And I'll ask you about things you like and don't like.
It's pretty common for buyers to change their must-have list as we view homes and some items become far more essential than others.
If such is the case, I'll go back through the listings another time and trim it down to the house you've been wishing for.
Step 4 – Get a grasp of the housing market
Your agent's awareness of the Branson housing market is a leading aspect in your house search. And I assure you I'm conscious of all the schools and neighborhoods, and I can alert you to certain districts are "hot" and require prompt action and the ones that are "cool" and allow for more examination.
As we view houses, I'll let you know when the seller's asking price has room for bargaining and also when I know the home is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Every real estate agent in Branson will tell you they truly know the housing market.
If it appears they don't know everything, call me at (417) 334-1374 or e-mail me at , and I'll be happy to answer any questions you have. My market expertise will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home of your dreams
I'm sure we'll find your dream home in the Branson area. When that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies. A few examples are getting financing, completing the inspection, and a clean title.
Upon presenting your offer, you'll probably want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property and is usually applied to the cost of closing. If the seller accepts your offer, 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 don't close on the initial offer – it's very common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Secure your loan
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, this shouldn't take very long at all, but you'll want to stay in close contact with your mortgage lender.
And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your application.
The estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks adequate.
Then we'll close on your home. This will probably take place 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 or have any questions, just call me at (417) 334-1374 or e-mail me at .