Buying or selling a home? Perrella Realty, LLC. can help.
Buying a home is an intimidating event for a lot of people. However, with some planning ahead of time, it isn't that difficult.
So they'll know exactly what to expect, I'll supply buyers with an outline of the whole deal.
Here 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 answer questions you have regarding this information.
Step 1 – Prepare to purchase
Before you begin looking for a home, there are many things you'll want to take into account.
When you start your search, you'll want to form a checklist of features you need to have, get a plan of what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than 30 percent of your monthly income is a good guideline to go by.
Step 2 – Talk to a real estate agent in Plantsville
That's where I come in.
We can book a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, schools in the Plantsville area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you facilitate the loan process.
I partner with some of the best mortgage professionals in Plantsville, so you'll be in great hands.
They'll help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
After our initial meeting, I'll start looking for available homes on the market that are good for you.
I'll preview many of the houses and remove the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.
When we view the homes, I'll call attention to positive features and negative ones. I'll even ask you to talk about things you like and dislike.
For the most part, buyers update their wish list as we tour homes and some things become far more substantial than others.
If such is the case, I'll look through all the listings one more time and narrow it down to the home of your dreams.
Step 4 – Understand the market
Your agent's awareness of the Plantsville housing market is an imperative aspect in your home search. And I can assure you I'm acquainted with all the neighborhoods and schools, and I will alert you to which areas are "hot" and require immediate action and some that are "cold" and allow for cautiousness.
When we tour houses, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
Trust your instincts and be sure to ask your agent a lot of questions, as any real estate agent will tell you they truly understand the market.
If it doesn't seem like they know everything, contact me at 860-621-7130 or e-mail me at , and I'd be glad to answer any questions you have. My knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the house you've been waiting 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 tailored with your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, completing the home inspection, and a clean title.
When we submit your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's most often applied to the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the beginning offer, and it's very common to receive a counter offer. Don't let it intimidate you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market circumstances will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that works well for you.
Step 7 – Get your loan
After we sign the final sales contract, you'll start working with your mortgage lender to close the loan.
This shouldn't take very long at all if you've been pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of taking your loan application.
This estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a strict range of accuracy. I'll analyze the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often happen at a title company or escrow office and will probably be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 860-621-7130 or e-mail me at .