Buying or selling a home in Gatesville?
With a little up-front planning, purchasing a home isn't too confusing, but it still is intimidating for many people.
So you know exactly what to expect, we like to furnish our buyers with a road map of the entire deal.
These are our nine steps to purchasing a home.
Step 1 – Get ready to purchase
There are a lot of things you need to do prior to starting your home search.
You'll want to create a check list of items you want, get a feeling for what neighborhoods you want to live in, and start working on your budget.
A good principle to go by is that your mortgage payment should be less than a third of your monthly income.
Step 2 – Get in touch with a real estate agent in Gatesville
That's where we come in.
We'd be happy to arrange a time to get together with you and talk about your real estate needs and get an idea of your plans for the future.
We'll discuss neighborhoods, schools in the Gatesville area, the mortgage industry, and any additional economic factors that may potentially affect your buying decision today or in the future.
We'll also help you begin the loan process.
There are some great mortgage professionals in Gatesville, and we partner with a lot of them, so you'll be in great hands.
They'll assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After our first meeting, we'll begin finding available houses on the market that are good for you.
We'll get a sneak peek of many of the homes and exclude the duds, and then we'll book appointments to tour the houses when it's convenient for you.
When we tour the houses, we'll show you the positive features and negative ones. And we'll ask you what things you like and don't like.
As a rule, buyers amend their list of must-haves as we view homes and some things become far more substantial than others.
If that's the case, we'll search all the listings again and trim it down to the home of your dreams.
Step 4 – Get a feel for the market
Your agent's awareness of the Gatesville housing market is an essential component in your house search. And we can assure you we're well-versed in all the neighborhoods and schools, and we can let you know which districts are "hot" and warrant immediate action and the ones that are "cold" and allow for careful examination.
As we view homes, we'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be on guard and be sure to ask a lot of questions, as any real estate agent in Gatesville will claim to know the market.
If it doesn't seem like they know everything, just call us at 254-248-1212 or e-mail us at firstname.lastname@example.org, and we'd be happy to answer any questions you have. Our market expertise will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been looking for
We're certain we'll find the home of your dreams in Gatesville, and when that happens, we'll meticulously develop your real estate purchase offer. The offer will be made to suit your needs. Whenever necessary, We never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
Upon presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property and is typically put towards the closing costs. If your offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the initial offer – it's very common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market conditions will play a large role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll compose a deal that works well for you.
Step 7 – Get a loan
Upon completion of the contract, you'll start working with your lender to close the loan.
If you're pre-qualified, this won't take very long at all. However, you need to keep in close contact with your lender.
And we'll sort out all the property information your mortgage lender will need 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 getting your loan application.
This estimate depends on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy. we'll study the estimate and let you know if it all looks good.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will probably be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you contact us at 254-248-1212 or send us an e-mail.