Buying or selling a home? Perrella Realty, LLC. can help.
For many people, buying a home is a stressful event. But with a bit of planning ahead of time, it's not very difficult.
So they understand exactly what to expect, I will provide buyers with a road map of the entire deal.
Below 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 glad to answer questions you have about this information.
Step 1 – Get ready to purchase
Before you start searching for a home, there are plenty of things you should take into account.
You'll want to put together a check list of items you need to have, get a feeling for what school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to 1/3 of your monthly income is a good rule of thumb to follow.
Step 2 – Get in touch with a real estate agent in Plantsville
This is where I can help.
I'd be more than happy to arrange a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Plantsville area, the mortgage industry, and any additional economic factors that could potentially affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
There are some great mortgage professionals in Plantsville, and I partner with a lot of them, so you'll be in great hands.
They'll help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin your search
After our first meeting, I'll start finding available homes on the market that are a good fit for you.
I'll preview most of the homes and ignore the duds, and then we'll schedule appointments to tour the houses when it's most convenient for you.
As we tour the homes, I'll identify good features and negative ones. And I'll ask you what things you like and dislike.
Usually, buyers amend their list of must-haves as we tour houses and some items become far more crucial than others.
If that's the case, I'll look through the listings once more and narrow it down to the house of your dreams.
Step 4 – Understand the housing market
My awareness of the Plantsville market is a fundamental agent in your home search. I'm acquainted with all the school districts and neighborhoods, and I can communicate what districts are "hot" and require immediate action and others that are "cool" and allow for thoughtful analysis.
When we tour homes, I'll make sure to communicate if the seller's 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 real estate agent will claim to understand the housing market.
If it doesn't seem like they know everything, call me at 860-621-7130 or e-mail me at , and I'd be more than happy to answer your questions. My market expertise will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
I'm certain 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 many contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When we present your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property and is typically applied to the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer – it's very common to receive a counter offer. Don't let it alarm you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
Market conditions will play a large role in how aggressively we negotiate the deal.
We'll also work within your budget. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Obtain financing
Upon signing the contract, you'll start working with your mortgage lender to close the loan.
If you've been pre-qualified, it shouldn't take much time at all, but you need to keep in close contact with your lender.
And I'll deal with all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your loan application.
The estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if it all looks good.
Then it's time to close on your house. This should take place at a title company or escrow office and will likely be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply contact me at 860-621-7130 or e-mail me at .