Buying your new home in Tamuning with Latte Stone Properties, LLC

Purchasing a home is stressful for most people. However, with a bit of planning ahead of time, it isn't too difficult. So they'll understand exactly what they can expect, I'll provide buyers with an outline of the whole deal. These 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 about this information.

Step 1 – Prepare to purchase a home
Before you start searching for a home, there are a lot of things you should do. When you begin your search, you'll probably want to assemble a list of items you want to have, get an idea of what neighborhoods you want to live in, and begin planning around your budget. A good guideline to adhere to is that your mortgage payment should be 30 percent of your monthly income.

Step 2 – Connect with a real estate agent
This is where Latte Stone Properties, LLC comes in. We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, school districts in the Tamuning area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.

I'll also help you facilitate the loan process. There are some great mortgage professionals in Tamuning, and I partner with a lot of them, so you'll be in great hands. They will help you choose which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start your search
After our first meeting, I'll begin finding homes on the market that meet your needs. I'll research many of the homes and exclude the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.

As we tour homes, I'll show you the positive features, as well as bad ones. I'll also ask you to point out what things you like and dislike. It's widely common for buyers to revise their list of must-haves as we view homes and some items become far more essential than others. If such is the case, I'll go back through the listings another time and trim it down to the home you've been wishing for.

Step 4 – Get a grasp of the market
My knowledge of the Tamuning market is an essential element in your home search. I'm conscious of all the school districts and neighborhoods, and I can let you know what districts are "hot" and demand immediate action and the ones that are "cold" and allow for thoughtful analysis.

As we tour homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the house is "priced to sell." Be on guard and make sure you ask plenty of questions, as any real estate agent in Tamuning will tell you they comprehend the home market. If things don't add up, just call me at (671) 647-5577 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire process.

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

When submitting your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property, and it's often applied to the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer. It's pretty common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to consent to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the contract depends on the state of the market. In addition, we'll work within your financing constraints. And when it's all said and done, we'll formulate a contract that's best for you.

Step 7 – Secure a loan
Once we sign the final deal, you'll begin working with your lender to close the loan. If you're already pre-approved, it shouldn't take long at all, but you'll want to keep in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of getting your loan application. The estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks okay.

Then it's time to close on your house. This will likely occur at a title company or escrow office and will most likely be a smooth and pleasant affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at (671) 647-5577 or e-mail me at .

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