Are you contemplating purchasing your new home in Plantsville? Perrella Realty, LLC. can help.

Buying a home can be stressful for most people, but with some planning ahead of time, it's not all that hard. I like to furnish buyers with an outline of the entire deal so they'll know exactly what to expect. Here are my nine steps to purchasing a home. If you have any questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
There are plenty of things you need to contemplate prior to beginning your home search. When you begin your search, you'll probably want to make an index of items you need, get a plan of what school districts you'd like to live in, and start working on your budget. A good rule to follow is that your mortgage payment should be around 30 percent of your monthly income.

Step 2 – Contact a real estate agent
This is where Perrella Realty, LLC. can help. I'd like to schedule a time to meet with you and talk about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, schools in the Plantsville area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.

I can also help you facilitate the loan process. Perrella Realty, LLC. works with some of the finest mortgage professionals in Plantsville, so you can rest assured that you're in great hands. They'll assist you in deciding which type of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
After we meet for the first time, I'll start searching for houses on the market that are a good fit for you. I'll research most of the houses and throw out the duds, and then we'll schedule appointments to tour the houses whenever it's convenient for you.

As we view the houses, I'll call attention to good features, as well as bad ones. I'll even ask you what things you like and dislike. Most often, buyers update their list of must-haves as we view houses and some things become more essential than others. If that's the case, I'll search the listings another time and trim it down to the house you've been waiting for.

Step 4 – Understand the housing market
An agent's knowledge of the Plantsville home market is a fundamental factor in your home search. And I can assure you I'm mindful of all the neighborhoods and schools, and I'll alert you to which districts are "hot" and demand prompt action and some that are "cool" and allow for more examination.

When we tour homes, I'll be sure to tell you when the seller's list price has room for negotiation and also when I trust the house is "priced to sell." Be careful and be sure to ask your agent lots of questions, as every real estate agent will tell you they truly know the market. If things don't add up, just call me at 860-621-7130 or e-mail me at , and I'll be happy to answer any questions you may have. My understanding of the market will keep you a step ahead throughout the entire process.

Step 5 – Find the house you've been looking for
We'll find your dream house in the Plantsville area, and when we do, I'll precisely develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, finishing the home inspection, and a clean title.

Upon turning in your purchase offer, most likely you'll need to present "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property. The amount is typically applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer. It's really common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the contract depends on market circumstances. We'll also work within your financing constraints. And at the end of the day, we'll formulate a deal that is best for you.

Step 7 – Secure financing
After the deal is complete, you'll start working with your mortgage lender to close the loan. If you're already pre-qualified, this won't take long at all, but you'll need to stay in close contact with your lender. And I'll sort out 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 your closing costs from your lender within three days of getting your application. This estimate rests on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a precise range of accuracy. I'll study the estimate and let you know if everything looks all right.

Then it's time to close on your home. This will most often occur at a title company or escrow office and will most likely be a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at 860-621-7130 or e-mail me at .