Are you looking to purchase a new home in Tamuning? Latte Stone Properties, LLC can help.

Purchasing a home intimidates many people, but it's not too complicated with a bit of up-front planning. So they'll understand exactly what they can expect, I'll give buyers an outline of the whole deal. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.

Step 1 – Prepare to buy
Before you begin your home search, there are several things you'll want to take into account. When you begin your search, you'll probably want to put together a list of must-haves, plan for what school districts you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than or around a third of your monthly income is a good rule of thumb to adhere to.

Step 2 – Communicate with a real estate agent
This is where I come in. We can book a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss neighborhoods, schools in the Tamuning area, the mortgage industry, and any additional economic factors that could potentially affect your purchase today or in the future.

I can also assist you in getting started on your loan. There are some very good mortgage professionals in Tamuning, and I partner with a lot of them, so you can rest assured that you're in great hands. They will help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Start looking
After our first meeting, I'll begin searching for homes on the market that suit your needs. I'll research most of the houses and exclude the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.

When we view the houses, I'll call attention to good features and bad ones. And I'll ask you what things you like and dislike. It's pretty common for buyers to revise their must-have list as we view houses and some items become more essential than others. If that's the situation, I'll search the listings one more time and narrow it down to the house you've been waiting for.

Step 4 – Understand the market
My understanding of the Tamuning home market is a crucial component in your home search. I am acquainted with all the neighborhoods and schools, and I'll communicate some neighborhoods are "hot" and call for prompt action and others that are "cold" and allow for cautiousness.

As we view houses, I'll let you know if the list price has room for bargaining or if I believe the home is "priced to sell." Be on guard and make sure you ask a lot of questions, as every REALTOR in Tamuning will convince you they comprehend the home market. If it doesn't seem like they know everything, call me at (671) 647-5577 or e-mail me at , and I'd be happy to answer any questions you have. My market expertise will keep you a step ahead throughout the entire process.

Step 5 – Find the home you've been waiting for
We'll find the house of your dreams in Tamuning, and when we do, I'll thoroughly create your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.

When we turn in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property and is most often put towards the closing costs. If your offer is accepted by the seller, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the initial offer – it's really common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on market conditions. We'll also 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 – Get your loan
Upon completing the deal, you'll start working with your mortgage lender to close the loan. If you're pre-approved, it shouldn't take much time at all, but you need to stay in close contact with your lender. And I'll deal with all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your application. This estimate is based on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if it all looks good.

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

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

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