Let New Way Realty assist you with purchasing your home in Concord
With a little up-front planning, purchasing a home isn't all that complex, but it still is stressful for a lot of people.
So you'll know exactly what to expect, we like to supply our buyers with an outline of the whole deal.
Here are our nine steps to purchasing a home.
If you have any questions regarding this information or if you're ready to get started, you can contact us here or send e-mail to email@example.com
Step 1 – Prepare to buy
There are a lot of things you'll want to take into account before you look for a home.
You'll probably want to create a checklist of features you want to have, plan for what school districts and neighborhoods you want to live in, and start working on your budget.
Keeping your mortgage payment less than 30 percent of your net monthly income is a good rule to adhere to.
Step 2 – Talk to a real estate agent
This is where we come in.
We'd love to arrange a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Concord area, the mortgage and housing industries, and any other economic factors that could affect your purchase today or in the future.
In addition, we'll help you begin the loan process.
New Way Realty works with some of the finest mortgage professionals in Concord, so you're in great hands.
They'll assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
After our initial meeting, we'll begin looking for homes on the market that suit your needs.
We'll research most of the houses and remove the bad ones, and then we'll set up appointments to tour the homes when it's most convenient for you.
As we view the homes, we'll point out good features and bad ones. And we'll ask you what things you like and dislike.
It's common for buyers to amend their wish list as we tour homes and some items become far more substantial than others.
If that happens, we'll search the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Understand the housing market
Our knowledge of the Concord market is an essential advantage in your house search. We're mindful of all the neighborhoods and school districts, and we can communicate what districts are "hot" and warrant prompt action and the others that are "cool" and allow for thoughtful examination.
As we view homes, we'll let you know when the asking price has room for bargaining and when we know the home is "priced to sell."
Any REALTOR® will convince you they know the market, but be mindful, and be sure to ask your agent plenty of questions.
If it seems like they don't know everything, contact us at 603-796-2002 or e-mail us at firstname.lastname@example.org, and we'll be glad to answer your questions. Our market expertise will keep you a step ahead throughout the entire deal.
Step 5 – Find the home you've been waiting for
We're certain we'll find the house of your dreams in the Concord area, and when that happens, we'll meticulously create your home purchase offer. The offer will be written keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When we present your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property. The amount is most often applied to the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer – it's really common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract.
In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that is best for you.
Step 7 – Secure a loan
Upon completion of the contract, you'll begin working with your lender to close the loan.
If you're already pre-qualified, this won't take very long at all. However, you'll want to stay 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 Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your application.
The estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a precise range of accuracy. we'll review the estimate and let you know if everything looks adequate.
Then we'll close on your home. This will most often occur at a title company or escrow office and is often a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, make sure you call us at 603-796-2002 or send us an e-mail.