Let Perrella Realty, LLC. assist you with buying a new home in Plantsville
Purchasing a home can be stressful for many people. However, with a bit of planning ahead of time, it's not all that complex.
I like to give buyers a road map of the whole deal so they know exactly what they can expect.
Here are my nine steps to buying a home.
Should you have any questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to purchase
There are plenty of things you'll want to take into account prior to starting your home search.
When you start your search, you'll want to assemble a list of features you want, get a feel for what school districts and neighborhoods you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is around a third of your net monthly income is a good guideline to go by.
Step 2 – Talk to a real estate agent
This is where Perrella Realty, LLC. can help.
We'll schedule a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and schools in the Plantsville area.
In addition, I'll help you begin the loan process.
I work with some of the finest mortgage professionals in Plantsville, so you can rest assured that you're in great hands.
They will help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Start house hunting
After we meet, I'll start finding homes on the market that suit your needs.
I'll preview most of the homes and remove the duds, and then we'll book appointments to tour the homes whenever it's most convenient for you.
When we tour houses, I'll call attention to positive features, as well as bad ones. I'll also ask you to tell us about things you like and dislike.
Generally, buyers revise their list of must-haves as we view houses and some things become far more crucial than others.
If such is the case, I'll look through all the listings again and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
My knowledge of the Plantsville market is a leading factor in your house search. I am conscious of all the neighborhoods and school districts, and I'll alert you to what districts are "hot" and warrant prompt action and others that are "cool" and allow for cautiousness.
As we tour houses, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
Any REALTOR in Plantsville will convince you they truly know the housing market, but take note, and be sure to ask a lot of questions.
If it seems like they don't know everything, call me at 860-621-7130 or e-mail me at , and I'd be more than happy to answer any questions you might have. My understanding of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
I'm confident we'll find your dream home in Plantsville. When that happens, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the inspection, and a clear title.
When sending in your offer, you'll likely need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property. The amount is typically put towards the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the initial offer, and it's really common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a vital role in how aggressively we negotiate the deal.
We'll also work within your financing budget. And at the end of the day, we'll formulate a contract that's best for you.
Step 7 – Secure a loan
After we sign the final deal, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it won't take much time at all, but you should to keep in close contact with your lender.
And I'll deal with all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application.
The estimate depends on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if everything looks good.
Then we'll close on your home. This will most likely occur at a title company or escrow office and will most often be a smooth and comfortable event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to contact me at 860-621-7130 or e-mail me at .