Buying or selling a home in Plantsville? Perrella Realty, LLC. can help.
Purchasing a home is stressful for most people. However, with a little planning ahead of time, it's not all that confusing.
So they understand exactly what they can expect, I like to supply buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
Should you have any questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are a lot of things you'll want to consider before beginning your home search.
When you begin your search, you'll probably want to create an outline of features you need, get a feeling for what neighborhoods and school districts you want to live in, and start planning your budget.
Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good rule to adhere to.
Step 2 – Connect with a real estate agent in Plantsville
That's where I come in.
We'll schedule a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Plantsville area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.
I can also assist you with getting started on your loan.
I partner with some of the best mortgage professionals in Plantsville, so you can rest assured that you're in great hands.
They can assist you in figuring out which kind of loan is best for you and help you get approved.
Step 3 – Start house-hunting
After we meet for the first time, I'll start looking for homes on the market that are a great fit for you.
I'll preview many of the homes and reject the duds, and then we'll book appointments to view the homes whenever it's most convenient for you.
When we tour homes, I'll show you the positive features, as well as bad ones. I'll also ask you to tell us about things you like and don't like.
It's common for buyers to amend their wish list as we view houses and some features become far more substantial than others.
If such is the case, I'll look through all the listings once more and narrow it down to the home you've been waiting for.
Step 4 – Comprehend the market
Your agent's awareness of the Plantsville market is a leading aspect in your home search. And I assure you I'm informed of all the school districts and neighborhoods, and I'll let you know which neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for careful examination.
When we view homes, I'll be sure to tell you if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be on guard and make sure you ask plenty of questions. Every REALTOR in Plantsville will convince you they truly understand the market.
If it appears they don't know everything, just call me at 860-621-7130 or e-mail me at , and I'll be happy to answer any questions you have. My understanding of the market will keep you a step ahead through the entire process.
Step 5 – Find the house you've been waiting for
I know we'll find your dream home in Plantsville. When that happens, I'll thoroughly create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies, such as getting financing, carrying out the inspection, and a clear title.
When sending in your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property. The amount is typically put towards the closing costs. If your offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer, and it's very common to receive a counter offer. But don't let this alarm you. We'll discuss whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a large role in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Obtain your loan
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, this shouldn't take very long at all. But you'll want to keep in close contact with your mortgage lender.
And I'll look after all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of getting your application.
This estimate rests on the loan amount. RESPA requirements dictate that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll go over the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This will probably take place at a title company or escrow office and will most often be a smooth and easygoing event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 860-621-7130 or e-mail me at .