Are you looking to purchase your new home in Plantsville? Perrella Realty, LLC. can help.
Purchasing a home is intimidating for most people, but with some planning ahead of time, it's not all that hard.
I like to supply buyers with a road map of the entire deal so they understand exactly what they can expect.
Below 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 questions you have regarding this information.
Step 1 – Get ready to buy
There are several things you'll want to do before commencing your home search.
When you begin your search, you'll want to create a list of must-have features, get a plan of what neighborhoods you want to live in, and begin working on your budget.
A good rule of thumb to follow is that your mortgage payment should be around 30 percent of your net monthly income.
Step 2 – Speak with a real estate agent in Plantsville
This is where I can help.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Plantsville area.
I can also help you begin the loan process.
I work with some of Plantsville's finest mortgage professionals, so you can rest assured that you're in great hands.
They can assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start house-hunting
Following our first meeting, I'll begin searching for houses on the market that best suit you.
I'll get a sneak peek of many of the houses and throw out the bad ones, and then we'll schedule appointments to tour the houses at a time that's convenient for you.
As we view the homes, I'll identify good features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
Generally, buyers update their list of must-haves as we tour houses and some features become more crucial than others.
If that's the case, I'll go back through all the listings another time and trim it down to the home you've been waiting for.
Step 4 – Comprehend the market
My awareness of the Plantsville home market is a necessary component in your home search. I am conscious of all the schools and neighborhoods, and I can let you know which areas are "hot" and warrant prompt action and some that are "cool" and allow for careful analysis.
As we view houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions, as any REALTOR in Plantsville will tell you they truly understand 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 more than happy to answer your questions. My understanding of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
I know we'll find your dream home in Plantsville. When we do, I'll meticulously create your purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as getting financing, finishing the inspection, and a clear title.
When we submit your purchase offer, you'll probably need to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property and is typically put towards the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer. It's pretty common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market conditions will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your financing limits. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Obtain financing
Once the deal is complete, you'll begin working with your lender to close the loan.
This shouldn't take long at all if you're pre-approved, but you need to stay in close contact with your mortgage lender.
And I'll manage 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) outlining closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your application.
The estimate rests on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a close range of accuracy. I'll study the estimate and let you know if it all looks okay.
Then it's time to close on your house. This should happen at a title company or escrow office and is often a smooth and pleasant occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply contact me at 860-621-7130 or e-mail me at .