Buying or selling a home? Perrella Realty, LLC. can help.

Purchasing a home is an intimidating event for many people, but it's not very hard with some up-front planning. So they know exactly what to expect, I like to supply buyers with an overview of the whole deal. Here are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
There are several things you'll want to consider prior to beginning your home search. It's likely that you'll want to make a check list of must-haves, get a feel for what school districts and neighborhoods you'd like to live in, and begin planning around your budget. A good guideline to adhere to is that your mortgage payment should be less than or around 30 percent of your net monthly income.

Step 2 – Communicate with a real estate agent in Plantsville
This is where Perrella Realty, LLC. can help. I'd be more than happy to schedule 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 may affect your purchase today or in the future, as well as neighborhoods and schools in the Plantsville area.

I can also help you begin the loan process. There are some great mortgage professionals in Plantsville, and I work with a lot of them, so you'll be in great hands. They will help you determine 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 houses on the market that are a good fit for you. I'll preview many of the houses and ignore the duds, and then we'll book appointments to view the homes whenever it's most convenient for you.

When we view houses, I'll call attention to positive features and bad ones. I'll even ask you what things you like and don't like. Generally, buyers update their list of must-haves as we view homes and some things become far more necessary than others. If such is the case, I'll look through the listings one more time and trim it down to the home you've been waiting for.

Step 4 – Get a grasp of the market
My knowledge of the Plantsville housing market is a leading component in your home search. I'm informed of all the neighborhoods and schools, and I can let you know some areas are "hot" and demand prompt action and the ones that are "cold" and allow for more consideration.

As we tour houses, I'll let you know when the asking price has room for bargaining and when I think the home is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions. Every REALTOR will tell you they comprehend the market. If it appears they don't know everything, call me at 860-621-7130 or e-mail me at , and I'll be happy to answer your questions. My knowledge of the market will keep you a step ahead throughout the entire process.

Step 5 – Find the house of your dreams
We'll find your dream house in Plantsville, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as obtaining financing, completing the home inspection, and a clean title.

When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property. The amount is often applied to the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the beginning offer, and it's really common to receive a counter offer. Don't let it discourage you. We'll talk over whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

How aggressively we negotiate the deal depends on market circumstances. We'll also work within your financing budget. And at the end of the day, we'll formulate a deal that is best for you.

Step 7 – Obtain a loan
Once the contract is finished, you'll start working with your lender to close the loan. If you've been pre-approved, it shouldn't take much time at all. However, you need to keep 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 lender will give you a Loan Estimate (LE) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application. The estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and be within a strict range of accuracy, and I'll examine the estimate and let you know if everything looks good.

Then we'll close on your house. This will most likely happen at a title company or escrow office and will most often be a smooth and relaxed occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply contact me at 860-621-7130 or e-mail me at .