Are you purchasing a home in Plantsville? Perrella Realty, LLC. can help.
For a lot of people, purchasing a home can be a stressful event. But with a little planning ahead of time, it isn't all that hard.
So they understand exactly what to expect, I will furnish buyers with a road map of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have about this information.
Step 1 – Prepare to purchase a home
There are plenty of things you need to contemplate before you look for a home.
You'll probably want to form a list of items you want to have, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Keeping your mortgage payment around a third of your net monthly income is a good principle to go by.
Step 2 – Contact a real estate agent
This is where Perrella Realty, LLC. comes in.
I'd love to arrange a time to meet with you and speak with you about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss everything from neighborhoods, schools in the Plantsville area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll assist you with getting started on your loan.
Perrella Realty, LLC. works with some of Plantsville's best mortgage professionals, so you're in great hands.
They will help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After we meet, I'll begin searching for houses on the market that are good for you.
I'll preview many of the houses and throw out the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.
As we tour the houses, I'll point out good features and bad ones. I'll also ask you to tell us about things you like and dislike.
For the most part, buyers revise their list of must-haves as we view houses and some features become more essential than others.
If such is the case, I'll go back through all the listings again and narrow it down to the home of your dreams.
Step 4 – Comprehend the housing market
Your agent's knowledge of the Plantsville housing market is an essential agent in your home search. And I can assure you I'm conscious of all the neighborhoods and school districts, and I'll let you know some areas are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful analysis.
As we view homes, I'll make sure to communicate when the asking price has room for bargaining and when I think the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions, as any REALTOR in Plantsville will tell you they comprehend the home market.
If it appears they don't know everything, contact me at 860-621-7130 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find the house of your dreams
I'm positive we'll find your dream home in the Plantsville area. When that happens, I'll precisely develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are obtaining financing, carrying out the inspection, and a clean title.
Upon turning in your offer, you'll need to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property and is usually applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the initial offer. It's really common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
In addition, we'll work within your budget. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Get your loan
Upon completion of the contract, you'll start working with your lender to close the loan.
If you've been pre-qualified, this won't take long at all, but you should to stay in close contact with your lender.
And I'll manage all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) detailing your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your application.
This estimate depends on the loan amount. RESPA requirements dictate that it has to involve all closing costs and be within a narrow range of accuracy, and I'll examine the estimate and let you know if everything looks permissible.
Then it's time to close on your home. This will probably occur at a title company or escrow office and should be a smooth and calm occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call me at 860-621-7130 or e-mail me at .