Buying or selling a home in Tamuning?
Buying a home is an intimidating event for a lot of people, but it's not very complicated with some planning ahead of time.
So they'll understand exactly what they can expect, I will furnish buyers with an outline of the entire deal.
Here 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 any questions you have regarding this information.
Step 1 – Get ready to buy
There are many things you need to take into account prior to beginning your home search.
When you start your search, you'll probably want to create an outline of features you want to have, plan for what school districts and neighborhoods you'd like to live in, and start planning your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good guideline to go by.
Step 2 – Contact a real estate agent in Tamuning
That's where I can help.
I'd like to set up a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your future plans.
We'll talk about the mortgage industry, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and schools in the Tamuning area.
I'll also help you begin the loan process.
I partner with some of the finest mortgage professionals in Tamuning, so you can rest assured that you're in great hands.
They will help you decide which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin looking
After our first meeting, I'll begin searching for available houses on the market that are a good fit for you.
I'll preview many of the homes and eliminate the bad ones, and then we'll book appointments to view the homes when it's convenient for you.
When we tour homes, I'll identify good features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
Most often, buyers update their must-have list as we tour houses and some things become more crucial than others.
If such is the case, I'll go back through all the listings once again and narrow it down to the home of your dreams.
Step 4 – Understand the housing market
My understanding of the Tamuning market is an essential aspect in your home search. I'm mindful of all the school districts and neighborhoods, and I will let you know some areas are "hot" and call for immediate action and the ones that are "cool" and allow for careful examination.
As we view homes, I'll let you know when the seller's list price has room for negotiation and also when I know the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions, as any REALTOR in Tamuning will convince you they truly understand the housing market.
If things don't add up, call me at (671) 647-5577 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the home you've been waiting for
I'm certain we'll find your dream house in the Tamuning area. When that happens, I'll precisely develop your purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as getting financing, carrying out the inspection, and a clean title.
When presenting your offer, most likely you'll need to present "earnest money." This is a cash deposit given to the seller to secure the offer to purchase the property, and it's most often applied to the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the first offer. It's really common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
In addition, we'll work within your budget. And at the end of the day, we'll put together a contract that is best for you.
Step 7 – Secure your loan
Upon completing the deal, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, it won't take long at all. But you'll want to keep in close contact with your mortgage lender.
And I'll handle all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application.
The estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a strict range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most likely happen at a title company or escrow office and will likely be a smooth and easygoing occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at (671) 647-5577 or e-mail me at .