Buying or selling a home? Latte Stone Properties, LLC can help.

For many people, buying a home can be a stressful event. However, with a bit of planning ahead of time, it isn't that complicated. I like to provide buyers with an overview of the whole deal so they'll understand exactly what they can expect. 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 – Prepare to buy
There are several things you'll want to take into account prior to starting your home search. When you start your search, you'll want to assemble a list of items you need to have, get an idea of what neighborhoods you want to live in, and start planning your budget. Ensuring your mortgage payment is less than or close to 1/3 of your monthly income is a good principle to follow.

Step 2 – Connect with a real estate agent in Tamuning
That's where I can help. We'll book a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll discuss everything from neighborhoods, schools in the Tamuning area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

I'll also help you start the loan process. Latte Stone Properties, LLC partners with some of the best mortgage professionals in Tamuning, so you're in great hands. They can help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin your home search
After we meet, I'll begin finding houses on the market that are a good fit for you. I'll research most of the houses and eliminate the bad ones, and then we'll set up appointments to tour the houses when it's most convenient for you.

As we tour houses, I'll show you the positive features and negative ones. I'll also ask you to point out what things you like and dislike. It's pretty common for buyers to change their wish list as we view homes and some features become more necessary than others. If that's the situation, I'll go back through the listings one more time and trim it down to the home you've been waiting for.

Step 4 – Understand the housing market
An agent's knowledge of the Tamuning market is an essential agent in your house search. And I assure you I'm conscious of all the school districts and neighborhoods, and I will communicate which neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for more consideration.

As we view houses, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any real estate agent in Tamuning will tell you they truly understand the home market. If things don't add up, just call me at (671) 647-5577 or e-mail me at , and I'd be more than happy to answer any questions you have. My market expertise will keep you a step above the rest through the entire process.

Step 5 – Find your dream house
I'm certain we'll find your dream house in Tamuning. When that happens, I'll precisely create your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.

When we present your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property. The amount is most often applied to the cost of closing. If the offer is accepted, we should close on the home about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer, and it's very common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.

Market circumstances will play a big part in how aggressively we negotiate the contract. We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that's best for you.

Step 7 – Secure financing
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 take very long at all, but you'll want to stay in close contact with your mortgage lender. And I'll look after all the property information your lender will need 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 loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of accepting your application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if it all looks good.

Then it's time to close on your house. This will most often take place at a title company or escrow office and is often a smooth and hassle-free 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, simply call me at (671) 647-5577 or e-mail me at .

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