Buying or selling a home in Mitchell?

Purchasing a home can be stressful for a lot of people, but it isn't very hard with some up-front planning. I like to supply buyers with an overview of the whole deal so they'll know exactly what they can expect. These are my nine steps to purchasing a home. If you have questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
There are a lot of things you'll want to do before starting your home search. You'll most likely want to create a check list of items you need, get a plan of what neighborhoods and school districts you'd like to live in, and start planning your budget. Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good principle to go by.

Step 2 – Talk to a real estate agent
That's where I come in. I'd be happy to book a time to get together with you and communicate with you about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, school districts in the Mitchell area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.

I'll also help you facilitate the loan process. I partner with some of the best mortgage professionals in Mitchell, so you're in great hands. They will assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Start your search
After we meet, I'll start searching for homes on the market that are great for you. I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll book appointments to tour the homes whenever it's convenient for you.

As we tour homes, I'll identify positive features, as well as bad ones. And I'll ask you about things you like and don't like. Generally, buyers change their wish list as we view homes and some items become more essential than others. If such is the case, I'll go back through all the listings once more and trim it down to the house you've been wishing for.

Step 4 – Understand the housing market
Your agent's understanding of the Mitchell market is a crucial aspect in your house search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I will communicate certain areas are "hot" and demand prompt action and others that are "cold" and allow for cautiousness.

When we tour houses, I'll let you know when the list price has room for bargaining and when I believe the house is "priced to sell." When working with an agent, be on guard and make sure you ask a lot of questions, as any real estate agent will claim to comprehend the housing market. If it doesn't seem like they know everything, call me at 8128494663 or e-mail me at , and I'll be happy to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find the house you've been waiting for
I'm certain we'll find the house of your dreams in the Mitchell area. When that happens, I'll meticulously create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, carrying out the home inspection, and a clean title.

When sending in your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property. The amount is often applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

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

The state of the market will play a part in how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll create a contract that works well for you.

Step 7 – Get a loan
Upon finalizing the deal, you'll start working with your lender to close the loan. If you're pre-approved, this shouldn't take very long at all, but you'll want to stay in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application. This estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy, and I'll examine the estimate and let you know if everything looks adequate.

Then we'll close on your house. This will most likely occur at a title company or escrow office and will most likely be a smooth and calm 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 contact me at 8128494663 or e-mail me at .