Looking to purchase a home in Plantsville? Perrella Realty, LLC. can help.
Buying a home intimidates most people. However, with a little up-front planning, it's not that hard.
I like to provide buyers with an outline of the entire deal so they'll understand exactly what to expect.
Here 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 happy to answer questions you have about this information.
Step 1 – Prepare to purchase
There are plenty of things you need to contemplate prior to beginning your home search.
When you start your search, you'll want to assemble an index of features you need to have, get a feel for what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is around 30 percent of your net monthly income is a good rule of thumb to go by.
Step 2 – Contact a real estate agent in Plantsville
This is where Perrella Realty, LLC. can help.
I'd love to plan a time to get together with you and speak with you regarding your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage industry, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and schools in the Plantsville area.
I'll also help you get started on your loan.
I partner with some of the finest mortgage professionals in Plantsville, so you're in great hands.
They will assist you with choosing which type of loan is best for you and help you get approved.
Step 3 – Begin looking for a house
After our first meeting, I'll begin looking for houses on the market that are good for you.
I'll preview many of the houses and exclude the duds, and then we'll book appointments to view the houses at a time that's convenient for you.
As we tour the houses, I'll call attention to good features, as well as bad ones. I'll even ask you about things you like and don't like.
Generally, buyers update their list of must-haves as we tour homes and some items become far more necessary than others.
If that happens, I'll look through the listings another time and trim it down to the house of your dreams.
Step 4 – Comprehend the market
Your agent's understanding of the Plantsville market is a necessary aspect in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I can let you know certain neighborhoods are "hot" and demand immediate action and some that are "cold" and allow for careful examination.
As we tour houses, I'll be sure to tell you when the seller's list price has room for bargaining and when I know the home is "priced to sell."
Trust your instincts and be sure to ask plenty of questions, as any real estate agent in Plantsville will tell you they truly know the housing market.
If things don't add up, call me at 860-621-7130 or e-mail me at , and I'd be more than happy to answer any questions you have. My market knowledge will keep you a step ahead through the entire process.
Step 5 – Find the house of your dreams
I know we'll find your dream house in Plantsville. When we do, I'll meticulously create your home purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies. A few examples are getting 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 the seller to secure the offer to purchase the property and is typically applied to the cost of closing. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's really common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your budget. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Get your loan
Upon completing the contract, you'll start working with your mortgage lender to close the loan.
If you're already pre-qualified, this won't take much time at all. However, you'll want to keep in close contact with your mortgage lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your application.
The estimate depends 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 analyze the estimate and let you know if it all looks good.
Then it's time to close on your home. This should happen at a title company or escrow office and will most often be a smooth and relaxed 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, make sure you call me at 860-621-7130 or e-mail me at .