Buying your new home in Mary Esther
Buying a home is a stressful event for most people, but it isn't very difficult with a little planning ahead of time.
So they know exactly what to expect, I will provide buyers with a road map of the entire deal.
Below are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.
Step 1 – Get ready to purchase
There are a lot of things you need to consider before commencing your home search.
You'll probably want to make a checklist of features you want, plan for what school districts you want to live in, and begin working on your budget.
A good rule to follow is that your mortgage payment should be less than or around 1/3 of your monthly income.
Step 2 – Talk to a real estate agent in Mary Esther
This is where Shannon Wade Henley comes in.
I'd be more than happy to schedule a time to meet with you and speak with you regarding your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Mary Esther area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.
I can also help you start the loan process.
There are some great mortgage professionals in Mary Esther, and I work with a lot of them, so you can rest assured that you're in great hands.
They will assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start your search
Following our initial meeting, I'll begin looking for available houses on the market that meet your needs.
I'll research many of the homes and throw out the duds, and then we'll schedule appointments to view the houses whenever it's most convenient for you.
As we tour the houses, I'll point out positive features and negative ones. I'll also ask you about things you like and dislike.
It's common for buyers to update their list of must-haves as we view homes and some features become far more essential than others.
If that's the case, I'll go back through all the listings once more and trim it down to the house you've been dreaming about.
Step 4 – Understand the market
My understanding of the Mary Esther market is a fundamental aspect in your house search. I'm familiar with all the neighborhoods and schools, and I will communicate which districts are "hot" and call for immediate action and others that are "cold" and allow for more analysis.
As we tour homes, I'll be sure to tell you when the asking price has room for negotiation and when I trust the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Every real estate agent in Mary Esther will tell you they understand the housing market.
If it doesn't seem like they know everything, contact me at 850-217-4530 or e-mail me at , and I'll be more than happy to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the house you've been looking for
I'm positive we'll find the house of your dreams in the Mary Esther area. When that happens, I'll carefully develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, completing the inspection, and a clean title.
When presenting your offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property and is most often applied to the cost of closing. If your offer is accepted, we should close about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer – it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that is best for you.
Step 7 – Secure your loan
Upon signing the deal, you'll start working with your mortgage lender to close the loan.
If you're already pre-approved, this won't take long at all, but you should to keep in close contact with your lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application.
This estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and fall within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks all right.
Then we'll close on your house. This will probably occur at a title company or escrow office and is often a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call me at 850-217-4530 or e-mail me at .