Buying or selling a home?

Buying a home can be stressful for a lot of people, but it isn't all that difficult with some up-front planning. So you know exactly what to expect, I like to give my buyers a road map of the whole deal. Below are my nine steps to buying a home.

When you're ready to get started, simply contact me here or send me e-mail. I'm glad to answer questions you have about this information.

Step 1 – Prepare to buy a home
Before you begin searching for a home, there are many things you need to take into account. When you start your search, you'll probably want to create an index of features you need to have, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to follow.

Step 2 – Get in touch with a real estate agent in Salida
That's where I come in. I'll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Salida area, the mortgage industry, and any other economic factors that might affect your purchase today or in the future.

I can also help you get started on your loan. Barbara Pearson-Sawyer, GRI works with some of the best mortgage professionals in Salida, so you're in great hands. They'll assist you in deciding which kind of loan is best for you and help you get approved.

Step 3 – Start house hunting
Following our first meeting, I'll start finding available homes on the market that best suit you. I'll research many of the homes and eliminate the bad ones, and then we'll book appointments to view the homes at a time that's convenient for you.

When we view the houses, I'll identify good features and bad ones. I'll even ask you what things you like and don't like. It's pretty common for buyers to change their must-have list as we tour houses and some things become more essential than others. If that's the case, I'll look through all the listings once again and trim it down to the house of your dreams.

Step 4 – Know the market
My knowledge of the Salida market is an essential asset in your house search. I am acquainted with all the schools and neighborhoods, and I'll let you know which areas are "hot" and demand immediate action and the others that are "cool" and allow for thoughtful consideration.

When we view houses, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I believe the house is "priced to sell." Any REALTOR® will claim to comprehend the home market, but take notice, and be sure to ask plenty of questions. If it appears they don't know everything, call me at 719-207-3884 or e-mail me at mortgage11@re-consumer.com, and I'd be happy to answer any questions you may have. My understanding of the market will keep you a step ahead throughout the entire process.

Step 5 – Find the house of your dreams
I'm positive we'll find the house of your dreams in the Salida area. When that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs, including several contingencies, such as getting financing, carrying out the home inspection, and a clear title.

Let Barbara Pearson-Sawyer, GRI guide you through finding your dream home in Salida When submitting your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property, and it's most often applied to the cost of closing. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the beginning offer. It's widely common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a role in how aggressively we negotiate the contract. We'll also work within your financing budget. And at the end of the day, we'll assemble a deal that works well for you.

Step 7 – Obtain your loan
Once we sign the final deal, you'll begin working with your lender to close the loan. If you've been pre-approved, this shouldn't take much time at all, but you'll want to stay 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
Your lender will supply you with a Good Faith Estimate (GFE) detailing your closing costs within three days of receiving your application. The estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a tight range of accuracy, and I'll review the estimate and let you know if it all looks adequate.

Then it's time to close on your home. This should happen at a title company or escrow office and should be a smooth and relaxed occasion.

Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at 719-207-3884 or send me an e-mail.

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