Buying or selling a home in Arcadia? The Williamson Group Realty, Inc. can help.
Buying a home is stressful for most people. However, with some planning ahead of time, it's not too confusing.
I like to provide buyers with an overview of the entire deal so they'll understand exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are plenty of things you'll want to take into account prior to starting your home search.
You'll want to create a check list of features you need, get a plan of what neighborhoods and school districts you want to live in, and start planning your budget.
A good principle to adhere to is that your mortgage payment should be close to a third of your net monthly income.
Step 2 – Get in touch with a real estate agent in Arcadia
This is where I come in.
I'd be more than happy to set up a time to get together with you and speak with you about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Arcadia area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some great mortgage professionals in Arcadia, and I work with a lot of them, so you can rest assured that you're in great hands.
They can assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Begin looking
After our initial meeting, I'll start searching for houses on the market that are a good fit for you.
I'll preview many of the houses and exclude the bad ones, and then we'll set up appointments to tour the houses at a time that's convenient for you.
When we view houses, I'll show you the positive features and bad ones. I'll even ask you to point out what things you like and don't like.
Generally, buyers revise their must-have list as we tour houses and some items become more necessary than others.
If that's the situation, I'll go back through the listings one more time and trim it down to the house you've been wishing for.
Step 4 – Know the housing market
Your agent's awareness of the Arcadia market is a leading element in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can let you know what areas are "hot" and call for immediate action and the ones that are "cool" and allow for careful examination.
When we view homes, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Every real estate agent will claim to know the housing market.
If things don't add up, just call me at 863-494-9009 or e-mail me at , and I'd be glad to answer any questions you may have. My market knowledge will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream house
We'll find the home of your dreams in the Arcadia area, and when we do, I'll precisely develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies. A few examples are obtaining financing, carrying out the inspection, and a clean title.
When turning in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property and is typically applied to the closing costs. If the offer is accepted, we should close on the property within 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 widely common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Secure financing
After the contract is signed, you'll begin working with your lender to close the loan.
If you've been pre-approved, it won't take much time at all. However, you need to keep in close contact with your lender.
And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your application.
The estimate is based on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and is often a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call me at 863-494-9009 or e-mail me at .