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

Purchasing a home is intimidating for most people, but it's not very difficult with some up-front planning. I like to supply buyers with a road map of the whole deal so they know exactly what they can expect. Below are my nine steps to purchasing a home. Should you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy
There are several things you'll want to take into account prior to commencing your home search. When you begin your search, you'll want to assemble a check list of items you want to have, get a feeling for what neighborhoods and school districts you'd like to live in, and start planning your budget. Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good principle to adhere to.

Step 2 – Connect with a real estate agent in Tamuning
This is where I can help. I'd be more than happy to schedule a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, schools in the Tamuning area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.

I'll also assist you with getting started on your loan. Latte Stone Properties, LLC partners with some of the finest mortgage professionals in Tamuning, so you can rest assured that you're in great hands. They can assist you in deciding which kind of loan is best for you and help you get approved.

Step 3 – Start looking for a home
After our first meeting, I'll start finding available houses on the market that are a great fit for you. I'll get a sneak peek of many of the houses and throw out the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.

When we tour houses, I'll show you the good features, as well as bad ones. And I'll ask you to point out what things you like and don't like. Most often, buyers revise their list of must-haves as we tour homes and some features become far more crucial than others. If that's the case, I'll search all the listings another time and narrow it down to the home of your dreams.

Step 4 – Know the housing market
My awareness of the Tamuning housing market is an imperative component in your home search. I'm mindful of all the neighborhoods and school districts, and I'll let you know some areas are "hot" and demand immediate action and others that are "cool" and allow for careful analysis.

As we view homes, I'll make sure to communicate if the list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, trust your instincts and make sure you ask lots of questions, as any REALTOR in Tamuning will convince you they truly understand the home market. If things don't add up, contact me at (671) 647-5577 or e-mail me at , and I'd be more than happy to answer any questions you might have. My knowledge of the market will help you stay a step ahead throughout the entire deal.

Step 5 – Find your dream home
We'll find your dream home in the Tamuning area, and when that happens, I'll precisely create your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, completing the inspection, and a clean title.

Upon turning in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property and is most often put towards the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the first offer – it's really common to receive a counter offer. But don't let this discourage you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing constraints. And at the end of the day, we'll create a contract that works well for you.

Step 7 – Get a loan
Upon completing the contract, you'll start working with your lender to close the loan. If you've been pre-qualified, this won't take very long at all. However, you need to keep in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your loan application. The estimate depends on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks permissible.

Then we'll close on your home. This will most often occur at a title company or escrow office and will likely be a smooth and pleasant occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you contact me at (671) 647-5577 or e-mail me at .

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