Buying or selling a home in Columbus?
Buying a home is stressful for most people, but it's not all that difficult with some up-front planning. So you'll understand exactly what to expect, I like to furnish my buyers with an overview of the entire deal. Below are my nine steps to purchasing a home.
Should you have questions regarding any of this information or if you're ready to get started, you can contact me here or send e-mail to email@example.com
Step 1 – Get ready to buy a home
There are several things you should consider prior to commencing your home search. When you start your search, you'll probably want to assemble an index of features you need to have, get an idea of what neighborhoods you want to live in, and begin working on your budget. Ensuring your mortgage payment is no more than 1/3 of your monthly income is a good principle to go by.
Step 2 – Get in touch with a real estate agent in Columbus
That's where I come in. I'd be more than happy to schedule a time to meet with you and speak with you about your real estate needs and get an idea of your plans for the future. We'll talk about the mortgage and housing industries, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and schools in the Columbus area.
In addition, I'll assist you with getting started on your loan. There are some excellent mortgage professionals in Columbus, and I partner with a lot of them, so you'll be in great hands. They can help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
After our first meeting, I'll start looking for houses on the market that are a good fit for you. I'll research most of the houses and ignore the duds, and then we'll set up appointments to view the homes whenever it's most convenient for you.
When we view the homes, I'll call attention to positive features, as well as negative ones. I'll even ask you about things you like and dislike. It's pretty common for buyers to revise their list of must-haves as we tour homes and some items become far more important than others. If such is the case, I'll search the listings once more and trim it down to the home you've been waiting for.
Step 4 – Know the housing market
My awareness of the Columbus housing market is a valuable resource in your house search. I am acquainted with all the neighborhoods and school districts, and I can alert you to some neighborhoods are "hot" and demand prompt action and the ones that are "cool" and allow for thoughtful analysis.
As we tour homes, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the house is "priced to sell." Any REALTOR® in Columbus will tell you they truly know the market, but take notice, and be sure to ask lots of questions. If things don't add up, just call me at 402-562-8244 or e-mail me at firstname.lastname@example.org, and I'll be happy to answer any questions you may have. My understanding of the market will keep you a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
I know we'll find your dream home in the Columbus area. When that happens, I'll precisely develop your real estate purchase offer. The offer will be tailored exactly to your needs, including some contingencies. A few examples are getting financing, completing the inspection, and a clear title.
When presenting your purchase offer, you'll likely want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property. The amount is usually put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer, and it's extremely common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Obtain your loan
Once the deal is complete, you'll begin working with your lender to close the loan. This won't take very long at all if you're already pre-qualified, but you should to stay in close contact with your mortgage lender. And I'll deal with 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) of closing costs from your mortgage lender within three days of receiving your application. This estimate is based on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a narrow range of accuracy, and I'll analyze the estimate and let you know if it all looks okay.
Then it's time to close on your house. This will likely occur at a title company or escrow office and will most often be a smooth and stress-free occasion.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything, make sure you contact me at 402-562-8244 or send me an e-mail.