Buying or selling a home in Cedar Park?
With a little planning ahead of time, purchasing a home isn't very complex, but the event can be stressful for a lot of people.
So they'll understand exactly what to expect, I'll furnish buyers with an outline of the entire deal.
Here are my nine steps to purchasing a home.
Should you have questions about any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy
There are plenty of things you need to contemplate prior to commencing your home search.
You'll most likely want to make an outline of features you need to have, get an idea of what school districts you'd like to live in, and begin planning your budget.
Keeping your mortgage payment around a third of your net monthly income is a good rule to adhere to.
Step 2 – Communicate with a real estate agent
This is where I come in.
We can schedule a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Cedar Park area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
I'll also help you get started on your loan.
I partner with some of Cedar Park's best mortgage professionals, so you'll be in great hands.
They'll assist you in choosing which type of loan is best for you and help you get approved.
Step 3 – Begin looking
After we meet for the first time, I'll start looking for homes on the market that are a good fit for you.
I'll get a sneak peek of most of the houses and reject the bad ones, and then we'll book appointments to tour the houses whenever it's most convenient for you.
As we tour the homes, I'll show you the good features, as well as negative ones. I'll even ask you to tell us about things you like and dislike.
It's widely common for buyers to amend their must-have list as we view houses and some features become far more crucial than others.
If that happens, I'll search the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Understand the housing market
My awareness of the Cedar Park housing market is an imperative component in your house search. I'm mindful of all the school districts and neighborhoods, and I can communicate certain areas are "hot" and demand immediate action and others that are "cool" and allow for more consideration.
As we view houses, I'll let you know if the asking price has room for negotiation or if I believe the house is "priced to sell."
Be careful and make sure you ask your agent plenty of questions, as any REALTOR in Cedar Park will claim to understand the market.
If things don't add up, call me at 512-789-7541 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
We'll find your dream house in the Cedar Park area, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as acquiring financing, completing the inspection, and a clear title.
When we turn in your purchase offer, you'll need to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property. The amount is most often put towards the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's extremely common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on market conditions.
In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Secure a loan
After we sign the final contract, you'll start working with your lender to close the loan.
This won't take long at all if you've been pre-approved, but you'll want to keep 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
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of receiving your application.
This estimate depends on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a close range of accuracy. I'll go over the estimate and let you know if everything looks good.
Then it's time to close on your house. This will most likely occur at a title company or escrow office and will probably be a smooth and relaxed affair.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 512-789-7541 or e-mail me at .