Let Century 21 Judge Fite Company help you with purchasing your new home in Denton
Buying a home is stressful for most people. However, with some up-front planning, it isn't that difficult.
I like to give buyers a road map of the entire deal so they know exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Get ready to buy a home
There are many things you'll want to do before commencing your home search.
You'll want to put together an outline of must-have features, get a feel for what school districts and neighborhoods you want to live in, and start planning around your budget.
A good guideline to follow is that your mortgage payment should be no more than 1/3 of your net monthly income.
Step 2 – Connect with a real estate agent in Denton
This is where I come in.
I'd be happy to plan a time to meet with you and talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Denton area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.
I can also help you start the loan process.
I work with some of the finest mortgage professionals in Denton, so you'll be in great hands.
They'll assist you with figuring out which type of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our first meeting, I'll begin finding available homes on the market that are a good fit for you.
I'll preview most of the homes and eliminate the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.
As we view the houses, I'll show you the positive features, as well as negative ones. And I'll ask you to talk about things you like and dislike.
It's pretty common for buyers to change their list of must-haves as we tour homes and some things become far more necessary than others.
If that happens, I'll search the listings once again and narrow it down to the home of your dreams.
Step 4 – Know the market
Your agent's knowledge of the Denton market is an essential component in your home search. And I assure you I'm acquainted with all the schools and neighborhoods, and I'll communicate certain districts are "hot" and require immediate action and others that are "cold" and allow for thoughtful consideration.
When we tour homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions. Every real estate agent in Denton will convince you they truly understand the market.
If it doesn't seem like they know everything, contact me at 940-483-1090 or e-mail me at , and I'll be more than happy to answer any questions you have. My market knowledge will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been looking for
I know we'll find the home of your dreams in the Denton area. When that happens, I'll precisely create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as obtaining financing, completing the home inspection, and a clear title.
When we turn in your purchase offer, you'll probably need to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's typically put towards the closing costs. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer, and it's extremely common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll compose a deal that's best for you.
Step 7 – Secure your loan
Once the deal is signed, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, this shouldn't be a long process at all. But you'll need to keep in close contact with your lender.
And I'll manage all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your application.
This estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a precise range of accuracy, and I'll study the estimate and let you know if it all looks good.
Then it's time to close on your house. This will most often take place at a title company or escrow office and will probably be a smooth and comfortable 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, simply call me at 940-483-1090 or e-mail me at .