Let Century 21 Judge Fite Company assist you with purchasing your home in Denton
With some planning ahead of time, purchasing a home isn't too difficult, but the event can be stressful for a lot of people.
So they'll know exactly what they can expect, I'll give buyers a road map of the entire deal.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address questions you have about this information.
Step 1 – Get ready to buy
Before you begin your home search, there are many things you need to do.
You'll probably want to put together an index of features you want, get an idea of what school districts you'd like to live in, and start planning your budget.
A good guideline to go by is that your mortgage payment should be close to 1/3 of your monthly income.
Step 2 – Talk to a real estate agent
That's where I can help.
We'll plan a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, schools in the Denton area, the mortgage and housing industries, and any other economic factors that could affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
I partner with some of Denton's best mortgage professionals, so you're in great hands.
They will assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
After our first meeting, I'll begin looking for houses on the market that are a good fit for you.
I'll preview many of the houses and ignore the duds, and then we'll set up appointments to tour the homes when it's most convenient for you.
When we view the homes, I'll call attention to positive features and negative ones. And I'll ask you to point out what things you like and dislike.
Oftentimes, buyers amend their wish list as we tour houses and some features become far more important than others.
If that's the situation, I'll search all the listings one more time and narrow it down to the home you've been wishing for.
Step 4 – Understand the housing market
Your agent's awareness of the Denton home market is a necessary factor in your house search. And I assure you I'm conscious of all the neighborhoods and school districts, and I'll alert you to which neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for thoughtful consideration.
As we tour houses, I'll let you know when the seller's list price has room for negotiation and also when I think the house is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Every REALTOR in Denton will tell you they understand the housing market.
If it seems like they don't know everything, just call me at 940-483-1090 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will help you stay a step above the rest throughout the entire process.
Step 5 – Find your dream home
I know we'll find the home of your dreams in Denton. When that happens, I'll thoroughly create your purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies, such as acquiring financing, carrying out the inspection, and a clean title.
Upon submitting your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property, and it's often applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer, and it's extremely common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing limits. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Secure your loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take much time at all, but you'll need to stay in close contact with your mortgage lender.
And I'll look after 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) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your application.
The estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy. I'll go over the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This will likely occur at a title company or escrow office and should be a smooth and calm event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just call me at 940-483-1090 or e-mail me at .