Are you looking to buy a home in Arcadia? The Williamson Group Realty, Inc. can help.
Buying a home is an intimidating event for many people, but with a little planning ahead of time, it's not very confusing.
I like to give buyers a road map of the whole deal so they understand exactly what to expect.
These are my nine steps to purchasing a home.
If you have any questions regarding 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 begin your home search, there are a lot of things you need to contemplate.
When you start your search, you'll want to make an outline of items you want to have, get a feeling for what school districts you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good guideline to follow.
Step 2 – Contact a real estate agent
This is where The Williamson Group Realty, Inc. comes in.
We'll schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Arcadia area.
I'll also assist you with getting started on your loan.
There are some excellent mortgage professionals in Arcadia, and I partner with a lot of them, so you'll be in great hands.
They can help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
After our first meeting, I'll start finding houses on the market that are good for you.
I'll preview most of the homes and eliminate the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.
When we tour the houses, I'll show you the positive features, as well as negative ones. And I'll ask you about things you like and don't like.
Usually, buyers update their must-have list as we tour houses and some features become far more important than others.
If that's the case, I'll search all the listings one more time and trim it down to the home of your dreams.
Step 4 – Know the market
My knowledge of the Arcadia housing market is an imperative factor in your home search. I am acquainted with all the schools and neighborhoods, and I will let you know some areas are "hot" and require immediate action and some that are "cold" and allow for careful consideration.
As we view houses, I'll let you know when the asking price has room for negotiation and also when I think the house is "priced to sell."
Any REALTOR in Arcadia will claim to truly know the market, but keep an eye out, and be sure to ask your agent lots of questions.
If things don't add up, just call me at 863-494-9009 or e-mail me at , and I'd be happy to answer your questions. My market expertise will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in the Arcadia area, and when that happens, I'll precisely create your purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, completing the inspection, and a clear title.
Upon turning in your offer, you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is usually put towards the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the first offer – it's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Secure financing
Once the contract is signed, you'll begin working with your lender to close the loan.
It shouldn't take long at all if you're already pre-qualified, but you'll need to stay in close contact with your lender.
And I'll take care of all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of accepting your loan application.
This estimate is based on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will most likely occur at a title company or escrow office and should be a smooth and comfortable event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 863-494-9009 or e-mail me at .