Buying your home in Tamuning?

Purchasing a home is an intimidating event for a lot of people, but it's not that hard with a little planning ahead of time. So they'll understand exactly what they can expect, I like to supply buyers with an outline of the whole deal. Below 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 glad to answer questions you have about this information.

Step 1 – Prepare to buy
Before you commence your home search, there are a lot of things you should contemplate. When you begin your search, you'll probably want to assemble a checklist of features you want, get a feel for what neighborhoods and school districts you want to live in, and begin planning around your budget. Keeping your mortgage payment less than 30 percent of your net monthly income is a good rule of thumb to follow.

Step 2 – Talk to a real estate agent
This is where I come in. I'd be happy to book a time to get together with you and communicate with you about your real estate needs and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Tamuning area, the mortgage industry, and any other economic factors that may potentially affect your buying decision today or in the future.

In addition, I'll help you get started on your loan. I work with some of Tamuning's finest mortgage professionals, so you're in great hands. They'll help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a house
Following our first meeting, I'll begin looking for available houses on the market that are a great fit for you. I'll research many of the houses and remove the duds, and then we'll book appointments to view the homes at a time that's convenient for you.

As we tour the homes, I'll show you the good features, as well as bad ones. I'll also ask you to tell us about things you like and dislike. It's pretty common for buyers to change their list of must-haves as we view houses and some things become far more essential than others. If that happens, I'll go back through all the listings one more time and narrow it down to the home of your dreams.

Step 4 – Understand the housing market
My knowledge of the Tamuning home market is a crucial component in your home search. I am conscious of all the neighborhoods and schools, and I can alert you to some neighborhoods are "hot" and call for immediate action and some that are "cool" and allow for cautiousness.

When we tour homes, I'll make sure to communicate when the seller's asking price has room for negotiation and when I trust the house is "priced to sell." When working with an agent, be on guard and be sure to ask plenty of questions, as every REALTOR in Tamuning will tell you they understand the home market. If it appears they don't know everything, just call me at (671) 647-5577 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 throughout the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream house in Tamuning, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.

When we submit your offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property. The amount is usually applied to the cost of closing. If the seller accepts the offer, we should close about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the initial offer. It's very common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.

Market conditions determine how aggressively we negotiate the contract. We'll also work within your financing limits. And at the end of the day, we'll put together a deal that works well for you.

Step 7 – Get your loan
After we sign the final sales contract, you'll start working with your lender to close the loan. If you've been pre-approved, this won't take long at all, but you should to keep in close contact with your lender. And I'll care for all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your application. This estimate rests on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if it all looks all right.

Then we'll close on your house. This will likely happen at a title company or escrow office and will most likely be a smooth and stress-free event.

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

Looking to Buy?

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