Let Rosenblum Realty, Inc help you with buying a home in Huntsville
Buying a home is intimidating for a lot of people, but it isn't very difficult with a little up-front planning.
So they'll know exactly what to expect, I'll give buyers an outline of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are many things you'll want to do before you search for a home.
When you begin your search, you'll want to create an outline of items you want, plan for what neighborhoods 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 close to 1/3 of your monthly income.
Step 2 – Speak with a real estate agent in Huntsville
This is where I can help.
We'll arrange a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Huntsville area.
I'll also assist you with getting started on your loan.
Rosenblum Realty, Inc works with some of Huntsville's finest mortgage professionals, so you're in great hands.
They can assist you in choosing which type of loan is best for you and help you get approved.
Step 3 – Start looking for a house
After our initial meeting, I'll begin searching for homes on the market that are a great fit for you.
I'll get a sneak peek of most of the homes and reject the bad ones, and then we'll set up appointments to tour the houses when it's most convenient for you.
As we tour the homes, I'll show you the good features, as well as bad ones. I'll even ask you what things you like and don't like.
It's pretty common for buyers to change their wish list as we tour houses and some things become more crucial than others.
If that's the situation, I'll go back through all the listings again and trim it down to the house you've been wishing for.
Step 4 – Get a grasp of the market
My awareness of the Huntsville market is a crucial element in your home search. I'm informed of all the school districts and neighborhoods, and I can communicate some neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for thoughtful analysis.
As we view houses, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell."
Any REALTOR in Huntsville will claim to know the home market, but take notice, and be sure to ask plenty of questions.
If things don't add up, call me at 256-417-3146 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find the house of your dreams
I'm sure we'll find the home of your dreams in Huntsville. When we do, I'll thoroughly create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as getting financing, completing the home inspection, and a clean title.
Upon presenting your offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property. The amount is typically put towards the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a deal that is best for you.
Step 7 – Obtain a loan
Once we sign the final contract, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you've been pre-qualified, but you need to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your application.
This estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a close range of accuracy. I'll study the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This should happen at a title company or escrow office and will probably be a smooth and calm affair.
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, just contact me at 256-417-3146 or e-mail me at .