Buying your new home in Mitchell

With a little planning ahead of time, purchasing a home isn't very confusing, but the event intimidates many people. So they'll know exactly what to expect, I like to supply buyers with an overview of the whole deal. Here are my nine steps to purchasing a home. Should you have any questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are a lot of things you need to do before you start searching for a home. You'll most likely want to assemble a list of features you need to have, get a feel for what school districts you want to live in, and start planning around your budget. Keeping your mortgage payment less than or around a third of your monthly income is a good guideline to go by.

Step 2 – Talk to a real estate agent in Mitchell
This is where I can help. We'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 plans for the future. We'll talk about neighborhoods, schools in the Mitchell area, the mortgage industry, and any other economic factors that may affect your purchase today or in the future.

In addition, I'll help you begin the loan process. There are some great mortgage professionals in Mitchell, and I work with a lot of them, so you're in great hands. They'll assist you with determining which type of loan is best for you and help you get approved.

Step 3 – Start house-hunting
After we meet, I'll start looking for houses on the market that suit your needs. I'll research many of the homes and ignore the bad ones, and then we'll set up appointments to view the houses whenever it's most convenient for you.

As we view houses, I'll call attention to positive features and bad ones. And I'll ask you to talk about things you like and don't like. For the most part, buyers amend their list of must-haves as we tour homes and some things become far more crucial than others. If that's the situation, I'll look through all the listings once again and narrow it down to the home you've been waiting for.

Step 4 – Understand the housing market
An agent's understanding of the Mitchell home market is an essential agent in your house search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I'll let you know what areas are "hot" and call for immediate action and the ones that are "cold" and allow for careful consideration.

When we tour houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell." Any real estate agent in Mitchell will tell you they truly understand the market, but take notice, and make sure you ask your agent a lot of questions. If things don't add up, contact me at 8128494663 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market knowledge will keep you a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream house in the Mitchell area, and when we do, I'll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

When we turn in your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the first offer. It's very common to receive a counter offer. Don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And when it's all said and done, we'll put together a contract that's best for you.

Step 7 – Get a loan
After the contract is finalized, you'll start working with your mortgage lender to close the loan. This won't take very long at all if you've been pre-approved, but you should to stay in close contact with your mortgage lender. And I'll look after all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your loan application. The estimate is based on the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if everything looks all right.

Then we'll close on your home. This should happen at a title company or escrow office and will most likely be a smooth and stress-free occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply call me at 8128494663 or e-mail me at .