Buying or selling a home? Premier Property can help.
Buying a home is stressful for most people, but with a little up-front planning, it's not all that difficult.
I like to furnish buyers with an outline of the entire deal so they'll know exactly what they can expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or send me e-mail
. I'm happy to answer questions you have about this information.
Step 1 – Get ready to buy
There are many things you should do before you start looking for a home.
When you start your search, you'll want to form a checklist of items you need to have, get a feel for what neighborhoods you want to live in, and begin planning around your budget.
A good rule to go by is that your mortgage payment should be no more than 1/3 of your monthly income.
Step 2 – Communicate with a real estate agent
That's where I can help.
I'd be more than happy to book a time to meet with you and talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Pierre area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
Premier Property works with some of the best mortgage professionals in Pierre, so you'll be in great hands.
They'll assist you with figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
Following our first meeting, I'll begin finding available houses on the market that best suit you.
I'll research many of the homes and reject the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
When we tour houses, I'll point out good features, as well as bad ones. I'll also ask you what things you like and dislike.
It's pretty common for buyers to update their wish list as we tour houses and some items become more important than others.
If such is the case, I'll look through all the listings another time and narrow it down to the house you've been wishing for.
Step 4 – Get a grasp of the housing market
An agent's awareness of the Pierre housing market is a necessary agent in your home search. And I can assure you I'm conscious of all the neighborhoods and school districts, and I'll communicate which districts are "hot" and call for prompt action and the ones that are "cold" and allow for thoughtful analysis.
As we view homes, I'll be sure to tell you when the asking price has room for bargaining and when I know the house is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions, as every REALTOR® will tell you they understand the market.
If it appears they don't know everything, just call me at (605) 494-4663 or e-mail me at email@example.com, and I'd be happy to answer your questions. My understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find your dream house
I know we'll find the house of your dreams in Pierre. When we do, I'll meticulously create your home purchase offer. The offer will be tailored to suit your needs, including some contingencies, such as obtaining financing, carrying out the inspection, and a clean title.
When presenting your offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property. The amount is typically put towards the cost of closing. If the offer is accepted, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer. It's extremely common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market conditions will play a part in how aggressively we negotiate the contract.
We'll also work within your financing limits. And at the end of the day, we'll create a deal that's best for you.
Step 7 – Secure a loan
Once we sign the final deal, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you've been pre-qualified, but you should to stay in close contact with your lender.
And I'll deal with all the property information your lender needs to close the loan.>
Your lender will provide you with a Good Faith Estimate (GFE) outlining your closing costs within three days of accepting your application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a strict range of accuracy, and I'll review the estimate and let you know if everything looks good.
Then it's time to close on your house. This will most likely happen at a title company or escrow office and is often a smooth and comfortable occasion.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything, simply call me at (605) 494-4663 or send me an e-mail.