Buying or selling a home? Perrella Realty, LLC. can help.
Buying a home is an intimidating event for most people, but with a little up-front planning, it's not that difficult.
So they'll know exactly what to expect, I'll give buyers a road map of the entire deal.
Here are my nine steps to buying a home.
If you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Prepare to buy a home
There are a lot of things you should do before you look for a home.
It's likely that you'll want to form a check list of items you want, get a feel for what school districts and neighborhoods you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is around a third of your monthly income is a good rule to go by.
Step 2 – Communicate with a real estate agent
This is where Perrella Realty, LLC. can help.
I'd love to plan a time to get together with you and speak with you about why you want to buy a home and get an idea of your future plans.
We'll talk about everything from neighborhoods, school districts in the Plantsville area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some great mortgage professionals in Plantsville, and I partner with a lot of them, so you can rest assured that you're in great hands.
They can help you choose which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
After our first meeting, I'll start searching for homes on the market that meet your needs.
I'll get a sneak peek of most of the homes and reject the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.
As we tour houses, I'll point out positive features and bad ones. And I'll ask you to talk about things you like and don't like.
Oftentimes, buyers change their wish list as we tour homes and some items become far more necessary than others.
If that's the case, I'll look through the listings again and narrow it down to the home you've been wishing for.
Step 4 – Know the market
Your agent's understanding of the Plantsville home market is an essential aspect in your home search. And I assure you I'm acquainted with all the neighborhoods and schools, and I'll communicate which areas are "hot" and require immediate action and others that are "cold" and allow for more examination.
When we view homes, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
Be mindful and be sure to ask plenty of questions, as any REALTOR will claim to comprehend 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 home you've been looking for
We'll find your dream house in Plantsville, and when we do, I'll carefully create your home purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as getting financing, carrying out the inspection, and a clear title.
When submitting your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property, and it's typically applied to the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer, and it's widely common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your budget. And when it's all said and done, we'll formulate a deal that is best for you.
Step 7 – Get financing
Once we sign the final deal, you'll start working with your mortgage lender to close the loan.
If you're pre-qualified, this shouldn't take long at all. But you should to keep in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your loan application.
This estimate depends on the loan amount, and RESPA requirements require that it has to contain all closing costs and fall within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will likely happen at a title company or escrow office and will most likely be a smooth and easygoing event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at 860-621-7130 or e-mail me at .