Looking to buy your home in Clovis? All About Real Estate LLC can help.
Purchasing a home is an intimidating event for most people, but it isn't too hard with a bit of planning ahead of time.
I like to supply buyers with an overview of the whole deal so they'll understand exactly what they can expect.
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 any questions you have about this information.
Step 1 – Prepare to buy a home
Before you commence your home search, there are several things you'll want to consider.
When you start your search, you'll want to assemble a list of must-haves, get an idea of what school districts and neighborhoods you want to live in, and start planning your budget.
Keeping your mortgage payment less than a third of your net monthly income is a good rule to go by.
Step 2 – Get in touch with a real estate agent
That's where I come in.
We can plan a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll talk about 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 Clovis area.
I can also help you facilitate the loan process.
I work with some of Clovis's best mortgage professionals, so you can rest assured that you're in great hands.
They will help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
After our first meeting, I'll begin looking for available houses on the market that are good for you.
I'll research many of the homes and ignore the bad ones, and then we'll book appointments to tour the houses when it's most convenient for you.
When we view the houses, I'll point out positive features, as well as bad ones. I'll also ask you to tell us about things you like and don't like.
It's common for buyers to revise their must-have list as we view homes and some things become more important than others.
If that's the situation, I'll search the listings again and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the housing market
An agent's understanding of the Clovis home market is a fundamental agent in your house search. And I assure you I'm familiar with all the neighborhoods and schools, and I will communicate which neighborhoods are "hot" and require prompt action and the ones that are "cool" and allow for careful examination.
As we tour homes, I'll be sure to tell you 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 mindful and be sure to ask plenty of questions, as every real estate agent in Clovis will tell you they truly understand the home market.
If it seems like they don't know everything, just call me at (575) 762- 8065 or e-mail me at , and I'll be more than happy to answer any questions you might have. My knowledge of the market will help you stay a step ahead through the entire process.
Step 5 – Find your dream home
We'll find the home of your dreams in Clovis, and when we do, I'll meticulously develop your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.
When presenting your offer, you'll need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's typically applied to the closing costs. If your offer is accepted, we should close on the property about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the initial offer, and it's really common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market conditions will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a contract that's best for you.
Step 7 – Get your loan
After we sign the final deal, you'll start working with your lender to close the loan.
This won't take much time at all if you're pre-approved, but you'll need to stay in close contact with your mortgage 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 Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your application.
This estimate depends on the loan amount, and RESPA requirements order 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 it's time to close on your house. This will likely happen at a title company or escrow office and will most likely be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just contact me at (575) 762- 8065 or e-mail me at .