Buying or selling a home in Burlington?

Purchasing a home intimidates most people. However, with a little up-front planning, it's not too complicated. I like to provide buyers with an outline of the whole deal so they know exactly what to expect. Here are my nine steps to purchasing a home. Should you have any questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
There are many things you'll want to consider prior to starting your home search. When you begin your search, you'll probably want to put together an index of items you need, get an idea of what school districts and neighborhoods you'd like to live in, and start planning around your budget. Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good principle to adhere to.

Step 2 – Get in touch with a real estate agent in Burlington
That's where I come in. I'd be happy to book a time to meet with you and talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Burlington area.

I can also help you facilitate the loan process. There are some great mortgage professionals in Burlington, and I work with a lot of them, so you can rest assured that you're in great hands. They'll help you figure out which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your search
Following our initial meeting, I'll begin finding available houses on the market that are a great fit for you. I'll get a sneak peek of many of the houses and throw out the duds, and then we'll set up appointments to tour the houses at a time that's convenient for you.

As we tour houses, I'll call attention to good features and negative ones. I'll also ask you about things you like and don't like. Most often, buyers update their must-have list as we tour houses and some features become far more necessary than others. If that happens, I'll search the listings once more and narrow it down to the home you've been waiting for.

Step 4 – Understand the market
An agent's awareness of the Burlington home market is an essential factor in your home search. And I assure you I'm familiar with all the neighborhoods and schools, and I will let you know certain neighborhoods are "hot" and require immediate action and some that are "cool" and allow for careful consideration.

When we view homes, I'll make sure to communicate when the seller's list price has room for bargaining and also when I know the house is "priced to sell." When working with an agent, be on guard and be sure to ask a lot of questions. Any REALTOR will tell you they comprehend the home market. If things don't add up, just call me at (336) 226-9374 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will help you stay a step above the rest through the entire process.

Step 5 – Find your dream home
We'll find the home of your dreams in Burlington, and when that happens, I'll carefully create your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the inspection, and a clear title.

Upon presenting your 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. The amount is most often applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the initial offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market conditions determine how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll formulate a contract that's best for you.

Step 7 – Obtain financing
After the contract is finalized, you'll start working with your lender to close the loan. It shouldn't take much time at all if you've been pre-approved, but you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your loan application. This estimate is based on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a precise range of accuracy, and I'll analyze the estimate and let you know if everything looks good.

Then we'll close on your house. This should occur at a title company or escrow office and will most likely be a smooth and relaxing event.

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

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