Let Rob Robbins assist you with buying a home in Branson
With some up-front planning, buying a home isn't that confusing, but the event can be stressful for a lot of people.
I like to furnish buyers with a road map of the entire deal so they'll know exactly what to expect.
These are my nine steps to buying a home.
Should you have questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase
Before you start your home search, there are a lot of things you need to take into account.
You'll want to assemble a check list of items you need, plan for what school districts you want to live in, and start working on your budget.
Keeping your mortgage payment less than or close to 1/3 of your monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent
This is where I come in.
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 future plans.
We'll talk about everything from neighborhoods, school districts in the Branson area, the mortgage industry, to any other economic factors that may affect your purchase today or in the future.
I'll also help you get started on your loan.
There are some great mortgage professionals in Branson, and I work with a lot of them, so you'll be in great hands.
They can assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Begin looking for a home
After our first meeting, I'll start looking for homes on the market that suit your needs.
I'll get a sneak peek of most of the houses and remove the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.
When we view the homes, I'll identify good features and negative ones. I'll also ask you to tell us about things you like and dislike.
Usually, buyers update their list of must-haves as we tour homes and some things become more crucial than others.
If such is the case, I'll look through the listings one more time and trim it down to the home you've been waiting for.
Step 4 – Understand the housing market
An agent's knowledge of the Branson market is a fundamental aspect in your home search. And I can assure you I'm informed of all the neighborhoods and school districts, and I'll alert you to what areas are "hot" and require prompt action and the ones that are "cool" and allow for more examination.
When we view homes, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
Any REALTOR in Branson will claim to comprehend the home market, but beware, and make sure you ask your agent plenty of questions.
If things don't add up, contact me at (417) 334-1374 or e-mail me at , and I'll be happy to answer any questions you have. My market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
I'm sure we'll find your dream home in Branson. When that happens, I'll meticulously create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies. A few examples are getting financing, finishing the home inspection, and a clear title.
When we present your offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property and is typically put towards the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer – it's really common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your budget. And when it's all said and done, we'll compose a deal that's best for you.
Step 7 – Secure financing
Upon finalizing the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, this shouldn't be a long process at all, but you'll need to stay in close contact with your mortgage lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your loan application.
This estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a close range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then we'll close on your house. This should happen 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 home. Enjoy it. And if you need anything or have any questions, just call me at (417) 334-1374 or e-mail me at .