Contemplating buying a home in Plantsville? Perrella Realty, LLC. can help.
Buying a home is intimidating for a lot of people, but with a little planning ahead of time, it's not very difficult.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what they can expect.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Get ready to purchase
There are many things you need to do prior to starting your home search.
It's likely that you'll want to assemble a checklist of features you need, get an idea of what neighborhoods and school districts you want to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Communicate with a real estate agent in Plantsville
That's where I can help.
I'd be happy to plan a time to meet with you and communicate with you about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Plantsville area.
I can also help you start the loan process.
I partner with some of Plantsville's finest mortgage professionals, so you'll be in great hands.
They can help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
After our initial meeting, I'll start searching for available houses on the market that suit your needs.
I'll preview many of the homes and eliminate the duds, and then we'll schedule appointments to tour the houses whenever it's convenient for you.
When we view the homes, I'll call attention to good features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
Oftentimes, buyers revise their wish list as we tour homes and some items become more essential than others.
If that's the case, I'll look through all the listings again and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the housing market
Your agent's awareness of the Plantsville housing market is a crucial component in your home search. And I assure you I'm mindful of all the neighborhoods and school districts, and I can communicate certain areas are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful consideration.
When we view houses, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I think the home is "priced to sell."
When working with an agent, be careful and make sure you ask plenty of questions, as any real estate agent will claim to truly understand the home market.
If things don't add up, contact me at 860-621-7130 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will help you stay a step ahead through the entire process.
Step 5 – Find the house you've been looking for
We'll find the house of your dreams in the Plantsville area, and when that happens, I'll meticulously create your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as acquiring financing, completing the inspection, and a clean title.
When we submit your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is usually applied to the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer – it's widely common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Get financing
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan.
It won't be a long process at all if you're pre-approved, but you need to keep in close contact with your mortgage lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) detailing closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy, and I'll review the estimate and let you know if everything looks okay.
Then we'll close on your house. This will likely take place at a title company or escrow office and will most likely be a smooth and easygoing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you call me at 860-621-7130 or e-mail me at .