Contemplating purchasing your home in Flowery Branch? JG Atlanta Properties, LLC. can help.
With some up-front planning, buying a home isn't all that complex, but the event intimidates many people.
So they understand exactly what they can expect, I like to furnish buyers with a road map of the whole deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have about this information.
Step 1 – Prepare to purchase
Prior to starting your home search, there are a lot of things you need to take into account.
It's likely that you'll want to make an outline of items you need to have, get an idea of what neighborhoods you want to live in, and begin planning your budget.
A good principle to follow is that your mortgage payment should be close to a third of your net monthly income.
Step 2 – Communicate with a real estate agent in Flowery Branch
That's where I can help.
We can book a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Flowery Branch area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.
I'll also assist you in getting started on your loan.
There are some great mortgage professionals in Flowery Branch, and I work with a lot of them, so you can rest assured that you're in great hands.
They can assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Begin looking
Following our first meeting, I'll begin looking for homes on the market that are great for you.
I'll get a sneak peek of most of the homes and throw out the bad ones, and then we'll set up appointments to tour the houses when it's convenient for you.
As we view houses, I'll identify positive features and negative ones. And I'll ask you to point out what things you like and dislike.
It's pretty common for buyers to amend their wish list as we tour homes and some features become far more crucial than others.
If that happens, I'll go back through all the listings another time and narrow it down to the house of your dreams.
Step 4 – Know the market
My knowledge of the Flowery Branch home market is a leading component in your home search. I am conscious of all the school districts and neighborhoods, and I can let you know which areas are "hot" and call for immediate action and some that are "cool" and allow for more analysis.
When we view houses, I'll let you know if the asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Every REALTOR will claim to comprehend the market.
If it seems like they don't know everything, call me at (770) 708-3308 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Flowery Branch, and when we do, I'll meticulously create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as obtaining financing, finishing the inspection, and a clean title.
Upon submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property. The amount is most often applied to the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the first offer – it's really common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Market circumstances will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing limits. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Obtain financing
Once the deal is signed, you'll start working with your lender to close the loan.
If you've been pre-qualified, this won't be a long process at all. But you need to stay in close contact with your lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if it all looks adequate.
Then we'll close on your home. This should happen at a title company or escrow office and will likely be a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you call me at (770) 708-3308 or e-mail me at .