Let Perrella Realty, LLC. help you with buying your new home in Plantsville
Buying a home can be stressful for a lot of people, but with a bit of up-front planning, it isn't too confusing.
So they know exactly what they can expect, I'll give buyers an outline of the entire deal.
These are my nine steps to buying a home.
If you have 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 purchase a home
Before you begin looking for a home, there are many things you should consider.
When you start your search, you'll want to put together an outline of items you need to have, get a plan of what school districts and neighborhoods you want to live in, and start planning around your budget.
Ensuring your mortgage payment is around a third of your monthly income is a good principle to go by.
Step 2 – Talk to a real estate agent
This is where I can help.
We can plan a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Plantsville area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
I can also help you get started on your loan.
There are some very good mortgage professionals in Plantsville, and I partner with a lot of them, so you're in great hands.
They can help you figure out which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin house hunting
After we meet, I'll begin finding houses on the market that are great for you.
I'll get a sneak peek of many of the homes and remove the duds, and then we'll set up appointments to view the homes when it's most convenient for you.
As we tour homes, I'll show you the positive features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
Usually, buyers revise their wish list as we view houses and some features become more necessary than others.
If that's the situation, I'll search all the listings once more and trim it down to the home you've been wishing for.
Step 4 – Understand the housing market
Your agent's awareness of the Plantsville market is a crucial agent in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I will communicate what districts are "hot" and demand prompt action and some that are "cold" and allow for thoughtful examination.
When we tour homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell."
Any real estate agent in Plantsville will claim to truly know the housing market, but be mindful, and make sure you ask your agent a lot of questions.
If things don't add up, just 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 above the rest through the entire deal.
Step 5 – Find the house you've been waiting for
We'll find your dream house in Plantsville, and when we do, I'll precisely develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are obtaining financing, carrying out the inspection, and a clear title.
When we send in your offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure an offer to purchase the property. The amount is usually applied to the closing costs. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the beginning offer – it's very common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on the state of the market.
In addition, we'll work within your financing limits. And when it's all said and done, we'll formulate a contract that is best for you.
Step 7 – Secure a loan
Once we sign the final contract, you'll begin working with your mortgage lender to close the loan.
It won't be a long process at all if you're pre-qualified, but you need to keep in close contact with your mortgage lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of accepting your application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most often happen at a title company or escrow office and will likely be a smooth and hassle-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you contact me at 860-621-7130 or e-mail me at .