Let Pineridge Realty help you with buying your home in Louisburg
For many people, buying a home can be an intimidating event. But with a bit of up-front planning, it's not very complicated. We like to supply buyers with an overview of the entire deal so they'll understand exactly what they can expect. These are my nine steps to purchasing a home.
When you're ready to get started, just contact us here or send us e-mail
. We're happy to answer questions you have about this information.
Step 1 – Get ready to buy
There are many things you should consider before you start looking for a home. You'll most likely want to put together a list of must-have features, get a feel for what school districts and neighborhoods you'd like to live in, and start planning around your budget. Ensuring your mortgage payment is less than or around a third of your monthly income is a good rule of thumb to follow.
Step 2 – Speak with a real estate agent
This is where Pineridge Realty comes in. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, school districts in the Louisburg area, the mortgage and housing industries, and any other economic factors that may affect your purchase today or in the future.
We'll also assist you in getting started on your loan. We partner with some of Louisburg's finest mortgage professionals, so you can rest assured that you're in great hands. They'll help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start house-hunting
After we meet for the first time, I'll start searching for houses on the market that best suit you. We'll preview many of the houses and remove the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
As we tour homes, We'll point out positive features and negative ones. We'll also ask you to point out what things you like and dislike. It's pretty common for buyers to amend their list of must-haves as we tour homes and some things become more essential than others. If such is the case, We'll look through the listings again and trim it down to the house of your dreams.
Step 4 – Understand the market
Your agent's awareness of the Louisburg housing market is a fundamental factor in your house search. And we assure you we're acquainted with all the neighborhoods and schools, and we can communicate some neighborhoods are "hot" and warrant immediate action and the ones that are "cold" and allow for cautiousness.
As we view houses, we'll make sure to communicate if the list price has room for bargaining or if we believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions. Every REALTOR® will convince you they comprehend the market. If it seems like they don't know everything, contact us at 9194970273 or e-mail firstname.lastname@example.org, and we'll be more than happy to answer any questions you have. Our market expertise will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
We're sure we'll find the house of your dreams in Louisburg, and when we do, we'll carefully create your home purchase offer. The offer will be tailored to suit your needs. Whenever necessary, we never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When presenting your offer, you'll want to present "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property and is usually put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the initial offer – it's really common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.
Market conditions will play a role in how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Get your loan
Upon completing the deal, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, this won't take very long at all. But you'll want to stay in close contact with your mortgage lender. And we'll deal with all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) detailing closing costs within three days of accepting your application. The estimate depends on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy. We'll analyze the estimate and let you know if it all looks okay.
Then we'll close on your house. This will probably take place at a title company or escrow office and will most likely be a smooth and pleasant occasion.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything, simply call us at 9194970273 or send us an e-mail.