Let Sheila Newton Team help you with purchasing your home in Anderson, Greenville, Oconee, or Pickens County!
With some planning ahead of time, purchasing a home isn't all that complex, but the event can be stressful for many people.
So you'll know exactly what to expect, I like to provide my buyers with an outline of the entire deal.
These 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, just contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to purchase
Before you begin searching for a home, there are several things you'll want to do.
You'll want to put together a check list of must-haves, get an idea of what school districts and neighborhoods you'd like to live in, and start planning your budget.
A good principle to go by is that your mortgage payment should be less than or around 1/3 of your net monthly income.
Step 2 – Get in touch with a real estate agent
That's where I come in.
I'll arrange a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the area you prefer.
I'll also help you facilitate the loan process.
I work with some of the area's best mortgage professionals, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Begin looking
After we meet, I'll start finding available homes on the market that are good for you.
I'll research most of the houses and remove the duds, and then we'll book appointments to view the homes when it's convenient for you.
As we view homes, I'll call attention to positive features and negative ones. I'll also ask you to tell me about things you like and dislike.
Most often, buyers change their wish list as we tour houses and some items become more crucial than others.
If that's the case, I'll go back through the listings once more and narrow it down to the house you've been waiting for.
Step 4 – Understand the market
Your agent's knowledge of the Upstate market is a necessary element in your home search. And I can assure you I'm conscious of all the neighborhoods and schools, and I will alert you to what districts are "hot" and demand immediate action and the ones that are "cool" and allow for careful consideration.
When we tour houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be on guard and make sure you ask plenty of questions. Any real estate agent will claim to comprehend the housing market.
If it appears they don't know everything, just call me at 864-225-1205 or e-mail me at email@example.com, and I'll be glad to answer any questions you may have. My market knowledge will keep you a step ahead through the entire process.
Step 5 – Find the home you've been looking for
I'm positive we'll find your dream home in Anderson, Greenville, Oconee or Pickens County. When that happens, I'll meticulously develop your purchase offer. The offer will be tailored with your needs in mind, including several contingencies, such as obtaining financing, carrying out the inspection, and a clear title.
Upon submitting your purchase offer, most likely you'll want to submit "earnest money." This is a deposit given to the seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If the offer is accepted, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing and other things like the title search to be done.
Step 6 – Negotiate the deal
Most deals aren't accepted on the first offer. It's extremely common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to take 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 deal.
In addition, we'll work within your financing constraints. And at the end of the day, we'll compose a deal that is best for you.
Step 7 – Secure your loan
Once the contract is complete, you'll start working with your mortgage lender to close the loan.
It shouldn't take much time at all if you're already pre-qualified, but you should to keep in close contact with your lender.
And I'll look after 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) detailing your closing costs from your lender within three days of getting your application.
This estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a narrow range of accuracy, and I'll go over the estimate and let you know if everything looks all right.
Then we'll close on your house. This will happen at a title company or attorney's office and will probably be a smooth and calm affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply call me at 864-225-1205 or send me an e-mail.