Contemplating buying a home in Milaca? Countryside Realty can help.
Purchasing a home can be stressful for most people. However, with a little planning ahead of time, it's not very complex. So you'll know exactly what to expect, we like to furnish our buyers with a road map of the entire deal. Here are our nine steps to buying a home.
When you're ready to get started, just contact us here or send us e-mail
. We're happy to address questions you have regarding this information.
Step 1 – Prepare to buy
Before you start looking for a home, there are a lot of things you should take into account. When you begin your search, you'll probably want to create a checklist of features you need, get an idea of what school districts you'd like to live in, and start planning around your budget. Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good rule to follow.
Step 2 – Communicate with a real estate agent
That's where we come in. We'd be more than happy to plan a time to get together with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Milaca area.
We can also help you facilitate the loan process. Countryside Realty works with some of the finest mortgage professionals in Milaca, so you're in great hands. They'll assist you with choosing which kind of loan is best for you and help you get approved.
Step 3 – Begin looking
After our initial meeting, we'll start finding homes on the market that suit your needs. We'll preview many of the houses and exclude the duds, and then we'll book appointments to tour the homes when it's convenient for you.
When we tour the homes, we'll call attention to positive features and negative ones. we'll also ask you to tell us about things you like and dislike. Oftentimes, buyers change their wish list as we tour homes and some items become far more essential than others. If that's the case, we'll look through all the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Know the housing market
Your agent's awareness of the Milaca market is a leading aspect in your house search. And we assure you we're well acquainted with all the neighborhoods and school districts, and we can alert you to what neighborhoods are "hot" and require prompt action and the others that are "cold" and allow for careful examination.
As we tour houses, we'll let you know when the list price has room for negotiation and when we know the house is "priced to sell." When working with an agent, be on guard and make sure you ask plenty of questions, as every REALTOR® will tell you they truly understand the home market. If it seems like they don't know everything, call us at (320) 983-2991 or e-mail us at firstname.lastname@example.org, and we'd be glad to answer any questions you have. Our market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find your dream home
We're confident we'll find the house of your dreams in Milaca, and when we do, we'll carefully create your home purchase offer. The offer will be made exactly to your needs. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When we turn in your offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property, and it's typically put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer. It's really common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll put together a deal that is best for you.
Step 7 – Get your loan
After we sign the final contract, you'll begin working with your lender to close the loan. If you're already pre-approved, this shouldn't take much time at all. However, you should to keep in close contact with your lender. And we'll care for all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing your closing costs from your mortgage lender within three days of taking your loan application. The estimate rests on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a tight range of accuracy. we'll study the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will likely happen at a title company or escrow office and is often a smooth and calm occasion.
Step 9 – Move in
Success! Now you can move into your new house. Enjoy it. And if you need anything, just call us at (320) 983-2991 or send us an e-mail.