Contemplating buying your home in Plantsville? Perrella Realty, LLC. can help.
Buying a home is stressful for a lot of people. However, with a bit of up-front planning, it isn't all that confusing.
I like to provide buyers with an outline of the entire deal so they know exactly what to expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to address any questions you have about this information.
Step 1 – Get ready to buy
There are several things you should contemplate before starting your home search.
When you begin your search, you'll probably want to create a check list of items you need to have, get a plan of what neighborhoods and school districts you'd like to live in, and start planning your budget.
A good principle to adhere to is that your mortgage payment should be less than or around a third of your net monthly income.
Step 2 – Get in touch with a real estate agent in Plantsville
This is where I can help.
We can set up 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 everything from neighborhoods, school districts in the Plantsville area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
There are some excellent mortgage professionals in Plantsville, and I partner with a lot of them, so you're in great hands.
They will help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
After our initial meeting, I'll begin looking for homes on the market that are great for you.
I'll preview many of the homes and eliminate the duds, and then we'll book appointments to view the homes whenever it's convenient for you.
When we view houses, I'll point out good features and negative ones. And I'll ask you to point out what things you like and don't like.
It's common for buyers to change their must-have list as we view homes and some features become far more essential than others.
If that's the situation, I'll look through all the listings once more and narrow it down to the home of your dreams.
Step 4 – Know the market
My knowledge of the Plantsville housing market is a fundamental component in your home search. I'm acquainted with all the schools and neighborhoods, and I'll alert you to certain areas are "hot" and call for prompt action and the ones that are "cool" and allow for careful examination.
As we view houses, I'll let you know if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be on guard and be sure to ask plenty of questions, as every REALTOR will claim to comprehend the market.
If things don't add up, call me at 860-621-7130 or e-mail me at , and I'd be happy to answer any questions you might have. My market expertise will keep you a step above the rest throughout 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 thoroughly develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clean title.
When we turn in your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property. The amount is often applied to the closing costs. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the initial offer – it's pretty common to receive a counter offer. Don't let this intimidate you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Obtain your loan
Upon completing the deal, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take very long at all, but you'll want to keep in close contact with your lender.
And I'll manage all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) of your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application.
This estimate rests on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a precise range of accuracy. I'll examine the estimate and let you know if it all looks okay.
Then we'll close on your house. This will most likely happen at a title company or escrow office and should be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at 860-621-7130 or e-mail me at .