Buying or selling a home?

Buying a home is stressful for many people, but with some up-front planning, it's not that hard. So they'll understand exactly what to expect, I like to provide buyers with an outline of the whole deal. These are my nine steps to buying a home. Should you have any questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
Prior to beginning your home search, there are several things you'll want to take into account. When you start your search, you'll want to make a check list of features you need, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than or around 1/3 of your monthly income is a good guideline to go by.

Step 2 – Speak with a real estate agent in Denton
This is where I come in. We can book a time to get together 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 the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Denton area.

I can also assist you with getting started on your loan. I work with some of Denton's finest mortgage professionals, so you'll be in great hands. They'll assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Start looking for a house
After our initial meeting, I'll begin searching for available homes on the market that best suit you. I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll schedule appointments to tour the homes whenever it's convenient for you.

As we view the homes, I'll point out positive features and negative ones. I'll also ask you to point out what things you like and dislike. It's widely common for buyers to change their wish list as we view homes and some features become more essential than others. If that happens, I'll go back through the listings one more time and narrow it down to the home you've been dreaming about.

Step 4 – Comprehend the housing market
Your agent's understanding of the Denton home market is a fundamental factor in your house search. And I can assure you I'm conscious of all the neighborhoods and schools, and I'll communicate certain districts are "hot" and warrant prompt action and others that are "cold" and allow for thoughtful examination.

As we view homes, I'll make sure to communicate when the asking price has room for negotiation and when I know the house is "priced to sell." When working with an agent, be careful and be sure to ask a lot of questions, as any REALTOR will tell you they know the housing market. If it seems like they don't know everything, contact me at 940-483-1090 or e-mail me at , and I'd be glad to answer your questions. My market expertise will keep you a step ahead through the entire process.

Step 5 – Find your dream house
I'm certain we'll find the house of your dreams in the Denton area. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, completing the inspection, and a clear title.

When we submit your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property and is most often applied to the closing costs. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the initial offer. It's extremely common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.

Market conditions will play a 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 assemble a contract that works well for you.

Step 7 – Obtain a loan
Once the contract is finished, you'll begin working with your lender to close the loan. If you're pre-approved, this won't take very long at all, but you'll want to keep in close contact with your mortgage lender. And I'll care for all the property information your lender will need to close the loan.

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

Then we'll close on your house. This should happen at a title company or escrow office and will most often 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 need anything, make sure you call me at 940-483-1090 or e-mail me at .

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