Purchasing your new home in Cedar Park with Homes With Heart, Inc.
Buying a home intimidates many people, but it isn't very complicated with a little up-front planning.
I like to furnish buyers with a road map of the entire deal so they'll understand exactly what they can expect.
Below are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address any questions you have about this information.
Step 1 – Prepare to buy a home
Prior to starting your home search, there are a lot of things you'll want to take into account.
When you start your search, you'll want to create an outline of must-haves, get an idea of what school districts you want to live in, and start planning your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good guideline to go by.
Step 2 – Contact a real estate agent in Cedar Park
That's where I can help.
We'll schedule a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, schools in the Cedar Park area, the mortgage industry, and any additional economic factors that might affect your purchase today or in the future.
In addition, I'll help you facilitate the loan process.
There are some very good mortgage professionals in Cedar Park, and I partner with a lot of them, so you'll be in great hands.
They'll assist you with deciding which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After we meet, I'll begin searching for available houses on the market that are good for you.
I'll get a sneak peek of most of the houses and remove the bad ones, and then we'll set up appointments to view the houses whenever it's convenient for you.
When we tour houses, I'll identify good features and bad ones. I'll even ask you to tell us about things you like and don't like.
Oftentimes, buyers amend their wish list as we tour homes and some features become more crucial than others.
If such is the case, I'll search the listings another time and trim it down to the home you've been wishing for.
Step 4 – Know the housing market
My knowledge of the Cedar Park home market is a fundamental aspect in your home search. I am conscious of all the neighborhoods and school districts, and I'll let you know some districts are "hot" and demand immediate action and some that are "cold" and allow for careful examination.
As we view houses, I'll let you know when the list price has room for negotiation and when I think the home is "priced to sell."
When working with an agent, trust your instincts and make sure you ask plenty of questions. Any REALTOR in Cedar Park will convince you they understand the home market.
If things don't add up, call me at 512-789-7541 or e-mail me at , and I'd be more than happy to answer your questions. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
I'm certain we'll find the house of your dreams in Cedar Park. When that happens, I'll meticulously develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, carrying out the inspection, and a clean title.
Upon sending in your purchase offer, you'll probably need to present "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property, and it's most often put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the beginning offer, and it's very common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions determine how aggressively we negotiate the contract.
We'll also work within your budget. And at the end of the day, we'll compose a contract that is best for you.
Step 7 – Get your loan
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
It shouldn't take very long at all if you've been pre-approved, but you need to stay in close contact with your mortgage lender.
And I'll deal with all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your loan application.
This estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a narrow range of accuracy. I'll analyze the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will likely take place at a title company or escrow office and should be a smooth and pleasant occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at 512-789-7541 or e-mail me at .