Buying or selling a home in Clovis? All About Real Estate LLC can help.
Buying a home intimidates a lot of people. However, with a bit of up-front planning, it's not too complex.
So they understand exactly what they can expect, I will give buyers an outline of the whole deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to answer any questions you have about this information.
Step 1 – Prepare to buy
Before you start searching for a home, there are a lot of things you need to contemplate.
When you start your search, you'll want to create a check list of must-haves, get a feel for what school districts and neighborhoods you want to live in, and start working on your budget.
Ensuring your mortgage payment is less than or close to a third of your monthly income is a good rule to adhere to.
Step 2 – Get in touch with a real estate agent
That's where I come in.
I'd like to arrange a time to get together with you and talk about why you want to buy a home and get an idea of your plans for the future.
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 schools in the Clovis area.
In addition, I'll assist you with getting started on your loan.
There are some excellent mortgage professionals in Clovis, and I work with a lot of them, so you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking
After our first meeting, I'll begin searching for houses on the market that best suit you.
I'll get a sneak peek of many of the houses and eliminate the duds, and then we'll set up appointments to view the homes when it's most convenient for you.
When we view the houses, I'll show you the good features and bad ones. I'll even ask you to talk about things you like and dislike.
For the most part, buyers amend their list of must-haves as we tour homes and some things become far more substantial than others.
If that's the situation, I'll search all the listings again and narrow it down to the home you've been dreaming about.
Step 4 – Know the market
My understanding of the Clovis housing market is a necessary factor in your home search. I am familiar with all the neighborhoods and schools, and I will communicate some areas are "hot" and demand prompt action and others that are "cold" and allow for more consideration.
As we view homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell."
Every REALTOR in Clovis will convince you they comprehend the market, but take notice, and make sure you ask lots of questions.
If things don't add up, call me at (575) 762- 8065 or e-mail me at , and I'd be happy to answer any questions you have. My knowledge of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
I know we'll find your dream home in Clovis. When that happens, I'll precisely create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are obtaining financing, completing the inspection, and a clear title.
When we turn in your offer, you'll likely want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's typically applied to the closing costs. If your offer is accepted, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the initial offer. It's very common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.
The state of the market determines how aggressively we negotiate the contract.
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 – Get your loan
Upon signing the contract, you'll begin working with your lender to close the loan.
If you're already pre-qualified, it shouldn't be a long process at all. But you'll need to keep in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Good Faith Estimate (GFE) detailing closing costs within three days of taking your application. You'll get a Good Faith Estimate (GFE) outlining your closing costs from your mortgage lender within three days of taking your loan application.
The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a close range of accuracy, and I'll go over the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will probably happen at a title company or escrow office and will most likely be a smooth and calm occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at (575) 762- 8065 or e-mail me at .