Purchasing a home in Argos with Heartland Realty, LLC
Purchasing a home is a stressful event for a lot of people, but it's not very hard with a little up-front planning.
I like to furnish buyers with a road map of the entire deal so they'll understand exactly what to expect.
Below are my nine steps to purchasing a home.
Step 1 – Get ready to buy a home
There are a lot of things you need to consider prior to beginning your home search.
It's likely that you'll want to form a check list of items you need to have, plan for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than a third of your net monthly income is a good rule to follow.
Step 2 – Get in touch with a real estate agent
This is where Heartland Realty, LLC comes in.
I'd be more than happy to plan a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Argos area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
There are some very good mortgage professionals in Argos, and I partner with a lot of them, so you'll be in great hands.
They'll help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Start house hunting
After our first meeting, I'll begin looking for available homes on the market that are a good fit for you.
I'll research many of the houses and ignore the bad ones, and then we'll set up appointments to tour the houses whenever it's convenient for you.
As we tour the houses, I'll identify positive features, as well as negative ones. And I'll ask you what things you like and dislike.
It's common for buyers to change their must-have list as we view houses and some things become far more substantial than others.
If that's the situation, I'll look through the listings once more and narrow it down to the house of your dreams.
Step 4 – Know the market
My knowledge of the Argos home market is a fundamental advantage in your search. I am conscious of all the schools and neighborhoods, and I can alert you to some areas are "hot" and call for immediate action and the rest that are "cool" and allow for more consideration.
As we tour homes, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
Any REALTOR® will claim to comprehend the housing market, but be on guard, and be sure to ask your agent plenty of questions.
If it seems like they don't know everything, just call me at 574-274-4088 or e-mail me at Becky@PipelineROI.com, and I'd be more than happy to answer any questions you have. My market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find the house you've been waiting for
I know we'll find the house of your dreams in the Argos area. When that happens, I'll meticulously develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies. A few examples are getting financing, finishing the home inspection, and a clear title.
When we send in your offer, you'll probably need to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property, and it's often put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Secure a loan
After we sign the final deal, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this shouldn't take very long at all. But you need to stay in close contact with your mortgage lender.
And I'll take care of all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your lender within three days of receiving your loan application.
This estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a tight range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This will probably happen at a title company or escrow office and will most often be a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to call me at 574-274-4088 or send me an e-mail.