Purchasing your home in Flowery Branch
Buying a home is an intimidating event for many people. However, with a bit of up-front planning, it's not that hard.
So they'll know exactly what they can expect, I will give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
If you have questions regarding this information or if you're prepared to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are many things you'll want to consider before starting your home search.
You'll want to make an index of items you want, plan for what neighborhoods you'd like to live in, and begin planning your budget.
A good guideline to adhere to is that your mortgage payment should be less than a third of your net monthly income.
Step 2 – Contact a real estate agent in Flowery Branch
That's where I come in.
I'd like to arrange a time to meet with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about neighborhoods, schools in the Flowery Branch area, the mortgage and housing industries, and any other economic factors that may affect your buying decision today or in the future.
I'll also assist you with getting started on your loan.
There are some very good mortgage professionals in Flowery Branch, and I partner with a lot of them, so you're in great hands.
They can assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
After we meet, I'll begin searching for available houses on the market that are great for you.
I'll get a sneak peek of most of the homes and ignore the duds, and then we'll set up appointments to view the homes when it's convenient for you.
When we view houses, I'll point out good features, as well as negative ones. I'll even ask you to talk about things you like and dislike.
It's common for buyers to amend their wish list as we tour houses and some things become more important than others.
If that happens, I'll search the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Understand the housing market
Your agent's understanding of the Flowery Branch home market is an essential aspect in your house search. And I assure you I'm acquainted with all the schools and neighborhoods, and I'll communicate which areas are "hot" and call for immediate action and the ones that are "cold" and allow for thoughtful analysis.
When we view homes, I'll make sure to communicate when the list price has room for bargaining and also when I think the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions, as every real estate agent in Flowery Branch will tell you they truly understand the housing 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 any questions you might have. My market expertise will help you stay a step ahead through the entire deal.
Step 5 – Find the house you've been looking for
I know we'll find your dream house in the Flowery Branch area. When that happens, I'll precisely develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies, such as obtaining financing, carrying out the inspection, and a clear title.
When presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's most often put towards the cost of closing. If the offer is accepted, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer – it's extremely common to receive a counter offer. But don't let this alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a big 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 compose a deal that is best for you.
Step 7 – Obtain your loan
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't be a long process at all, but you'll want to stay in close contact with your lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) detailing closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your loan application.
This estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a strict range of accuracy. I'll examine the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This should happen at a title company or escrow office and will most likely be a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at (770) 708-3308 or e-mail me at .