Buying or selling a home in Huntsville? Rosenblum Realty, Inc can help.
For a lot of people, purchasing a home is a stressful event. However, with a little planning ahead of time, it isn't too confusing.
So you'll know exactly what to expect, I like to give my buyers a road map of the whole 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, you can contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to buy
There are a lot of things you'll want to contemplate before beginning your home search.
When you begin your search, you'll want to assemble an index of items you need, plan for what neighborhoods and school districts you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than a third of your net monthly income is a good guideline to go by.
Step 2 – Communicate with a real estate agent
This is where I come in.
I'd love to plan a time to meet with you and communicate with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Huntsville area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.
In addition, I'll assist you with getting started on your loan.
There are some great mortgage professionals in Huntsville, and I work with a lot of them, so you'll be in great hands.
They'll assist you in deciding which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
After our first meeting, I'll begin looking for houses on the market that best suit you.
I'll preview many of the houses and eliminate the bad ones, and then we'll set up appointments to view the houses at a time that's convenient for you.
When we tour houses, I'll identify good features and negative ones. I'll also ask you to talk about things you like and dislike.
It's common for buyers to update their must-have list as we view homes and some items become more substantial than others.
If such is the case, I'll search the listings one more time and narrow it down to the home you've been wishing for.
Step 4 – Get a feel for the market
Your agent's understanding of the Huntsville market is a leading component in your home search. And I assure you I'm familiar with all the neighborhoods and schools, and I will communicate what districts are "hot" and call for immediate action and the others that are "cold" and allow for more examination.
As we tour homes, I'll let you know if the seller's asking price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be mindful and be sure to ask a lot of questions, as every REALTOR® in Huntsville will tell you they comprehend the market.
If things don't add up, call me at 256-417-3146 or e-mail me at email@example.com, and I'll be happy to answer any questions you might have. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream home in Huntsville, and when we do, I'll carefully develop your purchase offer. The offer will be written with your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When we send in your offer, you'll need to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If the seller accepts your offer, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the first offer – it's very common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
In addition, we'll work within your financing budget. And when it's all said and done, we'll create a contract that is best for you.
Step 7 – Obtain your loan
After we sign the final contract, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this shouldn't be a long process at all. However, you need to keep in close contact with your lender.
And I'll deal with all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) of your closing costs within three days of getting your application.
The estimate depends 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 review the estimate and let you know if it all looks good.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and is often a smooth and relaxed occasion.
Step 9 – Move in
Success! Now you can move into your new house. Enjoy it. And if you need anything, simply call me at 256-417-3146 or send me an e-mail.