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Buying a home in Mary Esther with Shannon Wade Henley

Purchasing a home is an intimidating event for a lot of people, but with a bit of up-front planning, it's not that complicated. So they'll know exactly what they can expect, I'll provide buyers with an outline of the entire deal. Here are my nine steps to buying a home. If you have questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are several things you'll want to consider before you start looking for a home. You'll probably want to form a list of features you want, plan for what neighborhoods you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good rule of thumb to go by.

Step 2 – Communicate with a real estate agent
That's where I come in. I'd be more than happy to schedule a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll discuss the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Mary Esther area.

I'll also assist you in getting started on your loan. I work with some of Mary Esther's finest mortgage professionals, so you're in great hands. They'll assist you in figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Begin your home search
After we meet, I'll begin looking for houses on the market that best suit you. I'll get a sneak peek of most of the homes and throw out the bad ones, and then we'll schedule appointments to view the homes whenever it's most convenient for you.

As we view the homes, I'll call attention to positive features, as well as bad ones. I'll even ask you to point out what things you like and dislike. For the most part, buyers update their must-have list as we view homes and some items become far more substantial than others. If that's the case, I'll look through the listings once more and narrow it down to the home you've been waiting for.

Step 4 – Know the market
My awareness of the Mary Esther market is an imperative component in your home search. I am acquainted with all the neighborhoods and schools, and I can communicate which areas are "hot" and require prompt action and others that are "cold" and allow for more consideration.

When we view homes, I'll be sure to tell you when the seller's asking price has room for bargaining and when I believe the house is "priced to sell." When working with an agent, be on guard and be sure to ask a lot of questions, as any REALTOR will claim to comprehend the market. If things don't add up, contact me at 850-217-4530 or e-mail me at , and I'd be glad to answer any questions you may have. My market expertise will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream house in the Mary Esther area, and when that happens, I'll meticulously create your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are acquiring financing, completing the inspection, and a clean title.

Upon sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is often put towards the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the initial offer, and it's extremely common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

Market conditions determine how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll create a deal that's best for you.

Step 7 – Secure your loan
Once we sign the final deal, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, this shouldn't take much time at all. But you'll want to keep in close contact with your mortgage lender. And I'll care for all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your loan application. The estimate depends on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a close range of accuracy. I'll review the estimate and let you know if it all looks adequate.

Then we'll close on your house. This will most likely happen at a title company or escrow office and will probably be a smooth and hassle-free event.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, make sure you call me at 850-217-4530 or e-mail me at .


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