Are you contemplating buying a home in Plantsville? Perrella Realty, LLC. can help.
Buying a home can be stressful for most people, but with some up-front planning, it isn't all that difficult.
So they understand exactly what to expect, I will give buyers a road map of the entire deal.
These are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Prepare to purchase
Prior to beginning your home search, there are a lot of things you should take into account.
You'll probably want to make a check list of features you need, plan for what neighborhoods you want to live in, and start planning your budget.
Keeping your mortgage payment less than or close to a third of your net monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent
This is where I can help.
We'll set up a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about everything from neighborhoods, school districts in the Plantsville area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I can also help you get started on your loan.
There are some great mortgage professionals in Plantsville, and I partner with a lot of them, so you'll be in great hands.
They can assist you with figuring out which kind of loan is best for you and help you get approved.
Step 3 – Start looking for a home
After our initial meeting, I'll begin looking for available houses on the market that are great for you.
I'll research many of the homes and ignore the duds, and then we'll set up appointments to view the homes at a time that's convenient for you.
As we view homes, I'll point out good features, as well as bad ones. I'll also ask you to tell us about things you like and dislike.
Most often, buyers change their list of must-haves as we view homes and some things become more necessary than others.
If that's the case, I'll go back through the listings again and trim it down to the house of your dreams.
Step 4 – Get a grasp of the housing market
My understanding of the Plantsville home market is an essential agent in your home search. I'm mindful of all the school districts and neighborhoods, and I can let you know what neighborhoods are "hot" and call for immediate action and some that are "cool" and allow for more analysis.
As we tour homes, I'll make sure to communicate when the asking price has room for negotiation and also when I think the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions. Any real estate agent in Plantsville will tell you they know the housing market.
If it doesn't seem like they know everything, just call me at 860-621-7130 or e-mail me at , and I'll be glad to answer your questions. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find the house of your dreams
I'm sure we'll find your dream house in Plantsville. When we do, I'll precisely create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.
When we present your offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property, and it's typically put towards the cost of closing. If your offer is accepted, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer. It's extremely common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing limits. And at the end of the day, we'll create a deal that's best for you.
Step 7 – Obtain a loan
Once we sign the final deal, you'll begin working with your lender to close the loan.
If you're already pre-approved, this shouldn't be a long process at all. But you need to stay in close contact with your lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application.
The estimate rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will probably happen at a title company or escrow office and will most often be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, simply call me at 860-621-7130 or e-mail me at .