Are you buying your new home in San Antonio?Purchasing a home is intimidating for most people. However, with a little planning ahead of time, it isn't all that confusing. So you'll understand exactly what to expect, I like to furnish my buyers with an outline of the entire deal. These are my nine steps to purchasing a home.
|When you're ready to get started, simply contact me here or send e-mail to email@example.com. I'm happy to address questions you have about this information.|
Step 1 – Get ready to purchase a home
Before you begin your home search, there are plenty of things you need to take into account. You'll probably want to create a checklist of features you want to have, get a feel for what school districts and neighborhoods you want to live in, and begin planning around your budget. A good principle to adhere to is that your mortgage payment should be close to 30 percent of your net monthly income.
Step 2 – Communicate with a real estate agent in San Antonio
That's where I come in. I'd like to plan a time to meet with you and speak with you about why you want to buy a home and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts in the San Antonio area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan. Premier Realty Group (PRG), works with some of San Antonio's finest mortgage professionals, so you're in great hands. They will assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After our initial meeting, I'll start finding available houses on the market that meet your needs. I'll research most of the houses and remove the bad ones, and then we'll set up appointments to view the houses whenever it's convenient for you.
When we tour the homes, I'll call attention to good features and bad ones. And I'll ask you to talk about things you like and don't like. It's common for buyers to update their list of must-haves as we view houses and some features become more substantial than others. If that's the situation, I'll search the listings again and trim it down to the house you've been wishing for.
Step 4 – Know the housing market
My understanding of the San Antonio home market is an indispensable advantage in your home search. I am informed of all the schools and neighborhoods, and I'll alert you to which districts are "hot" and demand prompt action and the ones that are "cold" and allow for more consideration.
When we tour homes, I'll let you know if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask lots of questions. Any real estate agent will claim to comprehend the market.
If things don't add up, contact me at 210.641.1400 or e-mail me at firstname.lastname@example.org, and I'd be glad to answer any questions you may have. My knowledge of the market will keep you a step ahead through the entire process.
Step 5 – Find your dream home
I know we'll find the house of your dreams in the San Antonio area. When that happens, I'll thoroughly develop your purchase offer. The offer will be tailored to suit your needs, including several contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When we submit your offer, most likely you'll need to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property. The amount is usually put towards the closing costs. If the seller accepts your offer, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the first offer – it's very common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And at the end of the day, we'll put together a deal that works well for you.
Step 7 – Secure your loan
Upon finalizing the contract, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, this shouldn't take long at all. But you should to stay 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 mortgage lender will supply you with a Good Faith Estimate (GFE) outlining your closing costs within three days of getting your application. The estimate is based on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if everything looks adequate.
Then we'll close on your house. This will likely take place at a title company or escrow office and will likely be a smooth and relaxing event.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to contact me at 210.641.1400 or send me an e-mail.