Buying or selling a home in Burlington? David Massey Real Estate can help.
Purchasing a home can be stressful for most people. However, with a bit of up-front planning, it's not that confusing.
So they understand exactly what to expect, I'll supply buyers with an outline of the entire deal.
Below are my nine steps to purchasing a home.
Should 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 – Get ready to buy a home
There are several things you need to contemplate before beginning your home search.
It's likely that you'll want to create an index of items you want, get an idea of what school districts you'd like to live in, and start planning around your budget.
A good rule to adhere to is that your mortgage payment should be less than or around 30 percent of your monthly income.
Step 2 – Contact a real estate agent in Burlington
This is where David Massey Real Estate can help.
I'd like to plan a time to get together with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Burlington area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
I partner with some of Burlington's finest mortgage professionals, so you can rest assured that you're in great hands.
They can help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your search
After our initial meeting, I'll begin finding available homes on the market that are a good fit for you.
I'll research most of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we view homes, I'll identify positive features, as well as negative ones. I'll also ask you about things you like and don't like.
It's pretty common for buyers to change their must-have list as we tour homes and some items become far more crucial than others.
If that's the case, I'll look through the listings once again and trim it down to the home you've been dreaming about.
Step 4 – Know the housing market
An agent's understanding of the Burlington housing market is a necessary component in your home search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I'll alert you to what neighborhoods are "hot" and call for prompt action and others that are "cool" and allow for careful analysis.
When we tour homes, I'll make sure to communicate when the seller's list price has room for negotiation and when I believe the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions, as any REALTOR will tell you they understand the housing market.
If it seems like they don't know everything, just call me at (336) 226-9374 or e-mail me at , and I'll be happy to answer any questions you have. My understanding of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home of your dreams
I'm positive we'll find the home of your dreams in the Burlington area. When that happens, I'll precisely create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies. A few examples are acquiring financing, finishing the inspection, and a clear title.
When we submit your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is usually applied to the cost of closing. 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 initial offer, and it's extremely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that works well for you.
Step 7 – Secure a loan
Upon finishing the deal, you'll begin working with your mortgage lender to close the loan.
This shouldn't take very long at all if you're already pre-qualified, but you'll need to stay in close contact with your mortgage lender.
And I'll handle all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your loan application.
This estimate depends on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a precise range of accuracy, and I'll review the estimate and let you know if everything looks okay.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and will most often be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just contact me at (336) 226-9374 or e-mail me at .