Looking to buy a home in Denton? Century 21 Judge Fite Company can help.
Buying a home intimidates a lot of people. However, with a little up-front planning, it isn't too difficult.
So they'll know exactly what they can expect, I'll give buyers an outline of the entire deal.
Below are my nine steps to buying a home.
Should you have questions about 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 need to take into account before starting your home search.
It's likely that you'll want to assemble an outline of items you want, get an idea of what school districts you want to live in, and begin planning around your budget.
Keeping your mortgage payment around 1/3 of your net monthly income is a good guideline to adhere to.
Step 2 – Contact a real estate agent
That's where I can help.
We'll schedule a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss neighborhoods, schools in the Denton area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you begin the loan process.
I partner with some of the finest mortgage professionals in Denton, so you'll be in great hands.
They will help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
After our first meeting, I'll begin finding homes on the market that best suit you.
I'll preview many of the houses and throw out the duds, and then we'll book appointments to view the homes whenever it's convenient for you.
As we view homes, I'll show you the good features, as well as negative ones. I'll also ask you about things you like and don't like.
Usually, buyers change their list of must-haves as we tour houses and some things become more necessary than others.
If that happens, I'll go back through the listings again and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
My knowledge of the Denton housing market is a fundamental element in your home search. I am mindful of all the neighborhoods and school districts, and I can communicate what districts are "hot" and demand prompt action and others that are "cool" and allow for careful examination.
When we view houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions, as any real estate agent in Denton will convince you they truly know the market.
If things don't add up, just call me at 940-483-1090 or e-mail me at , and I'd be more than happy to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
We'll find your dream house 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 several contingencies, such as acquiring financing, carrying out the home inspection, and a clear 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 an offer to buy the property. The amount is most often applied to the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer – it's extremely common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a deal that's best for you.
Step 7 – Get financing
After the deal is finished, you'll begin working with your mortgage lender to close the loan.
It shouldn't take long at all if you're pre-qualified, but you should to keep in close contact with your lender.
And I'll deal with 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 closing costs from your mortgage lender within three days of getting your loan application.
The estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and fall within a close range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most often happen at a title company or escrow office and should be a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact me at 940-483-1090 or e-mail me at .