Let Anne Johnson assist you with buying your new home in West Lake Hills
For most people, buying a home can be a stressful event. But with a bit of planning ahead of time, it isn't too difficult.
So you'll understand exactly what to expect, I like to give my buyers an overview of the entire deal.
Below are my nine steps to purchasing a home.
Should you have any questions regarding this information or if you're ready to get started, you can contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy a home
There are a lot of things you should consider before starting your home search.
You'll want to make a checklist of must-have features, get a plan of what neighborhoods you'd like to live in, and start planning your budget.
A good guideline to go by is that your mortgage payment should be 1/3 of your net monthly income.
Step 2 – Speak with a real estate agent in West Lake Hills
That's where I come in.
I'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the West Lake Hills area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
There are some excellent mortgage professionals in West Lake Hills, and I work with a lot of them, so you're in great hands.
They can assist you with deciding which kind of loan is best for you and help you get approved.
Step 3 – Begin your home search
After our first meeting, I'll begin finding houses on the market that are a good fit for you.
I'll preview many of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
When we tour houses, I'll point out good features, as well as negative ones. I'll also ask you to talk about things you like and don't like.
It's common for buyers to update their wish list as we view houses and some features become more crucial than others.
If that's the situation, I'll go back through the listings again and narrow it down to the house you've been dreaming about.
Step 4 – Know the market
An agent's awareness of the West Lake Hills market is a fundamental component in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I will let you know what districts are "hot" and require immediate action and the ones that are "cold" and allow for careful consideration.
As we tour homes, I'll make sure to communicate when the seller's list price has room for bargaining and also when I trust the home is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions. Any real estate agent in West Lake Hills will convince you they truly understand the housing market.
If it doesn't seem like they know everything, just call me at (512) 917-5260 or e-mail me at email@example.com, and I'll be glad to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I'm certain we'll find your dream home in West Lake Hills. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored exactly to your needs, including some contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.
When turning in your purchase offer, you'll probably want to present "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property and is most often applied to the cost of closing. If the seller accepts the offer, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the beginning offer, and it's extremely common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
Market conditions will play a part in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Get a loan
Once we sign the final deal, you'll start working with your mortgage lender to close the loan.
It won't take long at all if you've been pre-approved, but you'll need to keep in close contact with your mortgage lender.
And I'll manage all the property information your lender will need to close the loan.>
Step 8 – Close the deal
Your mortgage lender will provide you with a Good Faith Estimate (GFE) detailing closing costs within three days of taking your loan application.
This estimate rests on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a close range of accuracy. I'll analyze the estimate and let you know if it all looks all right.
Then it's time to close on your home. This should occur at a title company or escrow office and will likely be a smooth and calm occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at (512) 917-5260 or send me an e-mail.