Buying or selling a home in Flowery Branch?
For many people, purchasing a home can be an intimidating event. However, with a little planning ahead of time, it isn't that difficult.
I like to give buyers an overview of the entire deal so they'll know exactly what they can expect.
Below are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Prepare to buy a home
Before you start looking for a home, there are plenty of things you should do.
You'll want to put together a check list of features you need to have, get an idea of what school districts and neighborhoods you want to live in, and begin planning around your budget.
Keeping your mortgage payment less than 30 percent of your net monthly income is a good rule to adhere to.
Step 2 – Communicate with a real estate agent in Flowery Branch
That's where I can help.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about everything from neighborhoods, school districts in the Flowery Branch area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.
I can also help you facilitate the loan process.
I work with some of the best mortgage professionals in Flowery Branch, so you can rest assured that you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking
After we meet, I'll start searching for houses on the market that best suit you.
I'll get a sneak peek of many of the houses and exclude the bad ones, and then we'll book appointments to tour the houses when it's convenient for you.
When we tour homes, I'll identify good features, as well as bad ones. I'll also ask you to talk about things you like and don't like.
For the most part, buyers change their must-have list as we view homes and some things become more substantial than others.
If that happens, I'll look through all the listings one more time and trim it down to the home of your dreams.
Step 4 – Understand the housing market
Your agent's awareness of the Flowery Branch home market is a crucial aspect in your home search. And I can assure you I'm mindful of all the school districts and neighborhoods, and I'll alert you to some districts are "hot" and require prompt action and the ones that are "cold" and allow for more examination.
As we tour homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the house is "priced to sell."
Every real estate agent will tell you they comprehend the home market, but be on guard, and make sure you ask a lot of questions.
If things don't add up, contact me at (770) 708-3308 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will keep you a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
We'll find your dream home in Flowery Branch, and when we do, I'll thoroughly develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are obtaining financing, carrying out the inspection, and a clear title.
When we turn in your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property. The amount is often put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer – it's really common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your budget. And when it's all said and done, we'll put together a contract that is best for you.
Step 7 – Obtain a loan
After the deal is finished, you'll begin 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 should to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your application.
This estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks good.
Then we'll close on your home. This will most often take place at a title company or escrow office and will likely be a smooth and easygoing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply call me at (770) 708-3308 or e-mail me at .