Buying or selling a home? Century 21 Judge Fite Company can help.

Buying a home is an intimidating event for most people, but it isn't very hard with a bit of up-front planning. So they'll understand exactly what to expect, I will furnish buyers with a road map of the entire deal. These are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to address questions you have about this information.

Step 1 – Get ready to purchase
There are plenty of things you need to do before beginning your home search. When you begin your search, you'll probably want to create a check list of features you want to have, get a feeling for what neighborhoods and school districts you want to live in, and begin working on your budget. A good rule of thumb to follow is that your mortgage payment should be no more than 30 percent of your monthly income.

Step 2 – Get in touch with a real estate agent in Denton
This is where Century 21 Judge Fite Company can help. We'll arrange a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Denton area.

In addition, I'll help you start the loan process. Century 21 Judge Fite Company partners with some of the finest mortgage professionals in Denton, so you're in great hands. They'll help you figure out which type of loan is best for you, as well as help you get approved.

Step 3 – Start your home search
After our initial meeting, I'll begin looking for houses on the market that are great for you. I'll get a sneak peek of most of the houses and remove the duds, and then we'll set up appointments to tour the houses when it's convenient for you.

When we tour homes, I'll identify positive features and bad ones. I'll also ask you about things you like and dislike. It's pretty common for buyers to update their must-have list as we tour homes and some things become more essential than others. If such is the case, I'll go back through the listings again and narrow it down to the home you've been wishing for.

Step 4 – Understand the housing market
An agent's knowledge of the Denton home market is an imperative factor in your home search. And I assure you I'm informed of all the school districts and neighborhoods, and I'll alert you to certain districts are "hot" and call for prompt action and the ones that are "cold" and allow for thoughtful examination.

As we view homes, I'll let you know when the seller's asking price has room for negotiation and when I trust the house is "priced to sell." Any REALTOR in Denton will tell you they know the housing market, but be careful, and be sure to ask your agent a lot of questions. If things don't add up, just call me at 940-483-1090 or e-mail me at , and I'd be happy to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the house you've been looking for
We'll find the house of your dreams in the Denton area, and when we do, I'll meticulously develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.

Upon sending in your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property and is most often applied to the closing costs. If the seller accepts your offer, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the initial offer, and it's widely common to receive a counter offer. But don't let it discourage you. We'll talk about 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 contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that works well for you.

Step 7 – Secure financing
Upon completion of the contract, you'll start working with your lender to close the loan. If you're already pre-approved, it won't take much time at all, but you'll need to stay in close contact with your mortgage lender. And I'll manage all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your application. This estimate depends on the loan amount. RESPA requirements require that it has to involve all closing costs and be within a precise range of accuracy, and I'll analyze the estimate and let you know if it all looks adequate.

Then we'll close on your home. This will likely happen at a title company or escrow office and should be a smooth and comfortable 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 940-483-1090 or e-mail me at .

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