Purchasing your new home in Huntsville

Purchasing a home is an intimidating event for most people, but with a little planning ahead of time, it isn't very hard. So they know exactly what to expect, I like to provide buyers with a road map of the whole deal. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
Before you begin your home search, there are several things you need to contemplate. You'll probably want to assemble a checklist of items you need, get a feel for what neighborhoods you want to live in, and start working on your budget. A good guideline to go by is that your mortgage payment should be 1/3 of your net monthly income.

Step 2 – Talk to a real estate agent in Huntsville
That's where I can help. I'd be happy to book a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Huntsville area, the mortgage and housing industries, and any other economic factors that might affect your buying decision today or in the future.

In addition, I'll help you start the loan process. There are some very good mortgage professionals in Huntsville, and I work with a lot of them, so you can rest assured that you're in great hands. They can help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin your home search
After our first meeting, I'll start finding houses on the market that are great for you. I'll research most of the homes and reject the duds, and then we'll book appointments to tour the homes when it's most convenient for you.

When we tour the homes, I'll show you the good features and bad ones. I'll even ask you to talk about things you like and dislike. Generally, buyers update their list of must-haves as we tour houses and some items become far more necessary than others. If that's the situation, I'll look through the listings another time and trim it down to the house you've been waiting for.

Step 4 – Get a grasp of the market
My understanding of the Huntsville housing market is a leading agent in your house search. I'm familiar with all the neighborhoods and schools, and I'll let you know certain neighborhoods are "hot" and call for immediate action and others that are "cool" and allow for careful consideration.

When we tour homes, I'll be sure to tell you when the seller's list price has room for bargaining and when I think the house is "priced to sell." Any real estate agent will claim to truly understand the home market, but keep an eye out, and make sure you 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 happy to answer your questions. My market knowledge will keep you a step above the rest through the entire process.

Step 5 – Find your dream house
We'll find the house of your dreams in Huntsville, and when we do, I'll carefully create your purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are getting financing, finishing the inspection, and a clean title.

When we send in your offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property, and it's often applied to the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts aren't closed on the beginning offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

The state of the market determines how aggressively we negotiate the contract. We'll also work within your budget. And at the end of the day, we'll create a deal that is best for you.

Step 7 – Obtain your loan
Upon signing the contract, you'll begin working with your lender to close the loan. This won't take much time at all if you've been pre-approved, but you'll want to stay in close contact with your lender. And I'll sort out all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of receiving your application. This estimate depends on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a tight range of accuracy, and I'll review the estimate and let you know if it all looks good.

Then it's time to close on your house. This will likely occur at a title company or escrow office and is often a smooth and peaceful occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at 256-417-3146 or e-mail me at .

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