Let Shannon Wade Henley assist you with purchasing a new home in Mary Esther
Buying a home can be stressful for a lot of people, but it's not very hard with some planning ahead of time.
So they understand exactly what to expect, I like to give buyers an overview 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 address any questions you have about this information.
Step 1 – Prepare to purchase
Before you start your home search, there are a lot of things you should take into account.
When you begin your search, you'll want to put together a list of items you need, plan for what school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is around a third of your monthly income is a good rule of thumb to adhere to.
Step 2 – Connect with a real estate agent
This is where Shannon Wade Henley comes in.
I'd be happy to plan a time to meet with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Mary Esther area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
I can also assist you in getting started on your loan.
There are some excellent mortgage professionals in Mary Esther, and I work with a lot of them, so you're in great hands.
They'll help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start your search
After our initial meeting, I'll begin looking for houses on the market that are good for you.
I'll get a sneak peek of most of the houses and reject the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.
As we tour homes, I'll point out positive features and bad ones. And I'll ask you to tell us about things you like and don't like.
Frequently, buyers update their list of must-haves as we view houses and some items become far more important than others.
If such is the case, I'll look through the listings another time and trim it down to the home you've been wishing for.
Step 4 – Get a grasp of the market
An agent's knowledge of the Mary Esther home market is a crucial component in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I will alert you to some neighborhoods are "hot" and call for immediate action and others that are "cold" and allow for thoughtful consideration.
As we view houses, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Every real estate agent in Mary Esther will convince you they comprehend the home market, but take note, and make sure you ask lots of questions.
If things don't add up, contact me at 850-217-4530 or e-mail me at , and I'll be happy to answer any questions you have. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
We'll find the house of your dreams in Mary Esther, and when we do, I'll thoroughly develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the inspection, and a clear title.
Upon turning in your offer, you'll need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property. The amount is usually applied to the closing costs. If the offer is accepted, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer. It's widely common to receive a counter offer. Don't let this 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 go on.
Market circumstances will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Obtain a loan
After the deal is signed, you'll start working with your lender to close the loan.
This shouldn't take long at all if you're already pre-approved, but you should to stay in close contact with your lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) outlining closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your application.
The estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will likely take place at a title company or escrow office and will most likely be a smooth and stress-free event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call me at 850-217-4530 or e-mail me at .