Are you buying your home in the Charlotte Metro Area? Wilson Realty can help.
For a lot of people, purchasing a home can be a stressful event. However, with a little planning ahead of time, it isn't very complicated.
I like to supply buyers with an outline of the whole deal so they know exactly what to 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, just contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to buy a home
There are several things you need to consider prior to commencing your home search.
It's likely that you'll want to assemble a check list of must-have features, plan for what neighborhoods you want to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or around a third of your monthly income is a good rule of thumb to follow.
Step 2 – Talk to a real estate agent in the Charlotte metro area
This is where our firm can help.
I can plan a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Charlotte metro area.
In addition, I'll help you facilitate the loan process.
I work with some of the best mortgage professionals in Charlotte, so you can rest assured that you're in great hands.
They will assist you with deciding which kind of loan is best for you and help you get approved.
Step 3 – Start your search
After our initial meeting, I'll start finding homes on the market that are good for you.
I'll preview most of the homes and remove the duds, and then we'll schedule appointments to view the homes when it's convenient for you.
When we view the houses, I'll show you the good features, as well as negative ones. And I'll ask you to tell me about things you like and don't like.
It's widely common for buyers to amend their wish list as we view homes and some items become far more crucial than others.
If that's the case, I'll search all the listings again and narrow it down to the house you've been waiting for.
Step 4 – Understand the market
Your agent's understanding of the Charlotte metro housing market is a crucial element in your home search. And I assure you I'm conscious of all the neighborhoods and schools, and I'll let you know what neighborhoods are "hot" and warrant immediate action and the ones that are "cold" and allow for more examination.
As we view houses, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be careful and be sure to ask a lot of questions. Every REALTOR® will convince you they understand the housing market.
If things don't add up, call me at 704-780-4981 or toll free at 888-341-5296 or e-mail me at email@example.com, and I'd be happy to answer your questions. My knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been looking for
I'm sure we'll find the home of your dreams in the Charlotte metro area. When that happens, I'll meticulously create your home purchase offer. The offer will be tailored exactly to your needs, including some contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.
Upon turning in your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property, and it's typically applied to the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the beginning offer, and it's extremely common to receive a counter offer. Don't let this intimidate you. We'll discuss 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 deal.
We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that works well for you.
Step 7 – Obtain financing
Once the contract is finalized, you'll start working with your lender to close the loan.
It shouldn't take long at all if you're already pre-qualified, but you'll need to stay in close contact with your lender.
And I'll care for all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of getting your loan application.
This estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a close range of accuracy. I'll review the estimate and let you know if everything looks all right.
Then we'll close on your home. This will likely occur at a title company or escrow office and should be a smooth and stress-free occasion.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at 7047804981 or toll free at 888-341-5296 or send me an e-mail.