Buying or selling a home in Denton?
Purchasing a home is intimidating for most people, but with a little up-front planning, it's not that difficult.
I like to furnish buyers with an outline of the entire deal so they know exactly what to expect.
These are my nine steps to buying a home.
Should you have questions regarding any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are plenty of things you'll want to take into account before commencing your home search.
You'll most likely want to make a checklist of features you need to have, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good guideline to go by.
Step 2 – Get in touch with a real estate agent in Denton
That's where I can help.
We can arrange a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, schools in the Denton area, the mortgage and housing industries, and any additional economic factors that could potentially affect your purchase today or in the future.
I'll also assist you with getting started on your loan.
There are some very good mortgage professionals in Denton, and I work with a lot of them, so you're in great hands.
They will assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our first meeting, I'll start searching for available houses on the market that meet your needs.
I'll get a sneak peek of many of the houses and remove the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
As we tour the houses, I'll call attention to positive features and negative ones. And I'll ask you to talk about things you like and dislike.
It's widely common for buyers to update their wish list as we tour homes and some items become far more essential than others.
If that's the situation, I'll look through the listings one more time and narrow it down to the house of your dreams.
Step 4 – Understand the market
My awareness of the Denton housing market is an imperative agent in your house search. I'm mindful of all the school districts and neighborhoods, and I can communicate which districts are "hot" and demand prompt action and some that are "cold" and allow for more analysis.
As we tour homes, I'll make sure to communicate when the asking price has room for bargaining and also when I think the house is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions. Every REALTOR will claim to truly know the housing market.
If it doesn't seem like they know everything, contact me at 940-483-1090 or e-mail me at , and I'd be glad to answer your questions. My market knowledge will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Denton, and when we do, I'll precisely develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are getting financing, carrying out the home inspection, and a clear title.
Upon submitting your offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is typically put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market conditions will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll formulate a contract that's best for you.
Step 7 – Secure financing
Once the deal is complete, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, this won't be a long process at all. However, you'll want to keep 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
Your lender will give you a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application.
This estimate depends on the loan amount. RESPA requirements order that it has to include all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks all right.
Then we'll close on your house. This will most often occur at a title company or escrow office and will probably be a smooth and pleasant affair.
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, simply call me at 940-483-1090 or e-mail me at .