Are you buying a new home in Plantsville? Perrella Realty, LLC. can help.
For a lot of people, buying a home can be a stressful event. But with some up-front planning, it isn't all that difficult.
I like to provide buyers with an outline of the whole deal so they know exactly what they can expect.
Below are my nine steps to buying a home.
Should you have questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy a home
Before you start your home search, there are a lot of things you should do.
You'll most likely want to put together a checklist of features you want to have, get an idea of what school districts you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good rule to adhere to.
Step 2 – Speak with a real estate agent in Plantsville
That's where I can help.
I'd be more than happy to schedule a time to meet with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Plantsville area.
In addition, I'll help you facilitate the loan process.
I work with some of Plantsville's finest mortgage professionals, so you'll be 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 looking for a home
After we meet for the first time, I'll start searching for available houses on the market that suit your needs.
I'll get a sneak peek of most of the houses and reject the bad ones, and then we'll book appointments to tour the houses when it's convenient for you.
When we tour the homes, I'll point out positive features and negative ones. I'll even ask you about things you like and dislike.
It's pretty common for buyers to update their list of must-haves as we tour houses and some features become more crucial than others.
If such is the case, I'll look through the listings once again and trim it down to the house you've been waiting for.
Step 4 – Know the market
An agent's awareness of the Plantsville housing market is a fundamental component in your home search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I can alert you to certain districts are "hot" and call for immediate action and others that are "cold" and allow for more analysis.
When we tour homes, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask lots of questions. Every REALTOR in Plantsville will claim to comprehend the housing market.
If it doesn't seem like they know everything, just call me at 860-621-7130 or e-mail me at , and I'll be more than happy to answer any questions you have. My knowledge of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home you've been looking for
We'll find the house of your dreams in Plantsville, and when we do, I'll thoroughly create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as acquiring financing, finishing the inspection, and a clear title.
When we present your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property, and it's often applied to the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer – it's extremely common to receive a counter offer. But don't let it alarm you. We'll consider 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 contract depends on the state of the market.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that is best for you.
Step 7 – Obtain financing
Once we sign the final deal, you'll begin working with your lender to close the loan.
It won't be a long process at all if you've been pre-qualified, but you should 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
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your loan application.
This estimate is formed from the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a precise range of accuracy, and I'll review the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will probably take place at a title company or escrow office and is often a smooth and peaceful affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, make sure you contact me at 860-621-7130 or e-mail me at .