Buying your home in Mitchell

For most people, buying a home can be an intimidating event. But with a bit of planning ahead of time, it's not that complicated. I like to supply buyers with a road map of the entire deal so they'll understand exactly what they can expect. Here 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 glad to answer questions you have regarding this information.

Step 1 – Get ready to buy a home
Prior to starting your home search, there are many things you'll want to do. When you begin your search, you'll probably want to create an outline of items you need to have, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget. Ensuring your mortgage payment is less than a third of your monthly income is a good rule of thumb to adhere to.

Step 2 – Talk to a real estate agent
This is where Lucas Indiana Realty can help. We'll book 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 discuss everything from neighborhoods, schools in the Mitchell area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.

In addition, I'll assist you in getting started on your loan. Lucas Indiana Realty works with some of Mitchell's best mortgage professionals, so you're in great hands. They can assist you in figuring out which type of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
Following our first meeting, I'll start finding available homes on the market that are a great fit for you. I'll preview many of the houses and remove the duds, and then we'll book appointments to view the houses whenever it's most convenient for you.

When we tour the houses, I'll point out good features, as well as bad ones. I'll also ask you what things you like and don't like. Usually, buyers revise their must-have list as we view homes and some features become more essential than others. If that's the case, I'll search all the listings again and narrow it down to the house you've been wishing for.

Step 4 – Comprehend the housing market
An agent's awareness of the Mitchell housing market is a leading agent in your house search. And I can assure you I'm mindful of all the neighborhoods and schools, and I can communicate what neighborhoods are "hot" and call for immediate action and others that are "cool" and allow for more consideration.

As we view houses, I'll make sure to communicate when the seller's list price has room for bargaining and also when I know the home is "priced to sell." Be careful and make sure you ask your agent a lot of questions, as every real estate agent will convince you they comprehend the market. If things don't add up, just call me at 8128494663 or e-mail me at , and I'd be glad to answer any questions you might have. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the house of your dreams
I'm confident we'll find the house of your dreams in Mitchell. When that happens, I'll precisely develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are obtaining financing, finishing the inspection, and a clean title.

When turning in your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property and is usually applied to the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the initial offer. It's widely common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll compose a deal that is best for you.

Step 7 – Get your loan
After the contract is finished, you'll begin working with your lender to close the loan. If you've been pre-qualified, it won't take much time at all, but you need to stay in close contact with your lender. And I'll care for all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of getting your loan application. The estimate is formed from the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will most often take place at a title company or escrow office and is often a smooth and easygoing event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply contact me at 8128494663 or e-mail me at .

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1224 West Main Street
Mitchell, IN 47446