Buying or selling a home? Perrella Realty, LLC. can help.
Buying a home is intimidating for a lot of people. However, with a little planning ahead of time, it isn't all that difficult.
I like to furnish 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.
Should you have questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy
There are plenty of things you'll want to take into account before you look for a home.
When you start your search, you'll probably want to form an index of must-haves, get a plan of what school districts you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than 30 percent of your monthly income is a good principle to go by.
Step 2 – Contact a real estate agent
This is where Perrella Realty, LLC. can help.
We'll plan a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about neighborhoods, school districts in the Plantsville area, the mortgage industry, and any additional economic factors that may affect your buying decision today or in the future.
I can also help you begin the loan process.
Perrella Realty, LLC. works with some of Plantsville's finest mortgage professionals, so you can rest assured that you're in great hands.
They'll assist you with figuring out which type of loan is best for you and help you get qualified.
Step 3 – Begin looking
After we meet, I'll start finding homes on the market that are a great fit for you.
I'll get a sneak peek of many of the homes and reject the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we tour the homes, I'll show you the good features, as well as bad ones. And I'll ask you to tell us about things you like and dislike.
Usually, buyers amend their wish list as we view houses and some items become far more necessary than others.
If that happens, I'll go back through the listings another time and trim it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
My understanding of the Plantsville home market is an imperative element in your home search. I'm acquainted with all the neighborhoods and school districts, and I will let you know some neighborhoods are "hot" and warrant immediate action and others that are "cool" and allow for cautiousness.
When we view homes, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
Trust your instincts and make sure you ask your agent plenty of questions, as any real estate agent in Plantsville will convince you they truly understand the housing market.
If things don't add up, call me at 860-621-7130 or e-mail me at , and I'll be more than happy to answer any questions you have. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
We'll find the house of your dreams in Plantsville, and when we do, I'll precisely 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 inspection, and a clear title.
When sending in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property, and it's most often applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer. It's really common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.
The state of the market determines how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Obtain a loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan.
This won't be a long process at all if you're already pre-approved, but you should to stay in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount. RESPA requirements require that it has to contain all closing costs and be within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks permissible.
Then we'll close on your house. This will most likely occur at a title company or escrow office and will most often be a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at 860-621-7130 or e-mail me at .