Buying or selling a home?

For many people, purchasing 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 a road map of the whole deal so they'll understand exactly what to expect. Below are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to purchase
There are a lot of things you'll want to do before commencing your home search. You'll want to assemble a check list of items you want to have, get a feeling for what neighborhoods and school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good rule of thumb to go by.

Step 2 – Contact a real estate agent in Burlington
This is where I come in. I'd be happy to book a time to meet with you and speak with you about why you want to buy a home and get an idea of your plans for the future. We'll discuss neighborhoods, school districts in the Burlington area, the mortgage industry, and any other economic factors that might affect your purchase today or in the future.

I'll also help you begin the loan process. David Massey Real Estate partners with some of the finest mortgage professionals in Burlington, so you can rest assured that you're in great hands. They'll help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Start your search
Following our first meeting, I'll start looking for available houses on the market that are a good fit for you. I'll preview many of the houses and ignore the bad ones, and then we'll schedule appointments to view the homes whenever it's convenient for you.

When we view homes, I'll call attention to positive features, as well as bad ones. I'll even ask you about things you like and don't like. It's common for buyers to amend their list of must-haves as we tour homes and some things become more necessary than others. If that happens, I'll go back through the listings one more time and narrow it down to the house of your dreams.

Step 4 – Get a grasp of the housing market
An agent's understanding of the Burlington market is a fundamental factor in your home search. And I assure you I'm conscious of all the neighborhoods and schools, and I can let you know some neighborhoods are "hot" and warrant immediate action and some that are "cold" and allow for cautiousness.

As we tour homes, I'll make sure to communicate when the list price has room for negotiation and when I think the house is "priced to sell." Trust your instincts and make sure you ask lots of questions, as every real estate agent will claim to truly know the home market. If things don't add up, contact me at (336) 226-9374 or e-mail me at , and I'd be more than happy to answer any questions you might have. My understanding of the market will help you stay a step ahead throughout the entire deal.

Step 5 – Find the house of your dreams
We'll find the house of your dreams in the Burlington area, and when we do, I'll thoroughly develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as getting financing, carrying out the home inspection, and a clear title.

Upon submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property and is often applied to the closing costs. If the seller accepts the offer, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the beginning offer. It's really common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and go on.

The state of the market determines how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that is best for you.

Step 7 – Get financing
Once the deal is finalized, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, it shouldn't take very long at all, but you should to stay in close contact with your mortgage lender. And I'll deal with all the property information your 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 lender within three days of getting your loan application. The estimate rests on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy, and I'll review the estimate and let you know if everything looks okay.

Then we'll close on your house. This will likely happen at a title company or escrow office and will probably be a smooth and calm occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at (336) 226-9374 or e-mail me at .

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