Are you looking to purchase a home in Hendersonville? Amanda Hill can help.
Buying a home is a stressful event for many people, but it's not very complicated with a bit of planning ahead of time.
I like to provide buyers with an outline of the entire deal so they'll know exactly what to expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or send me e-mail
. I'm happy to answer any questions you have regarding this information.
Step 1 – Prepare to purchase a home
There are several things you'll want to contemplate before you search for a home.
You'll probably want to make a checklist of items you want, get a feeling for what neighborhoods you'd like to live in, and begin working on your budget.
Ensuring your mortgage payment is less than 1/3 of your monthly income is a good principle to follow.
Step 2 – Get in touch with a real estate agent
This is where I can help.
I'd like to schedule a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the Hendersonville area, the mortgage industry, to any other economic factors that may potentially affect your buying decision today or in the future.
I'll also help you begin the loan process.
I work with some of Hendersonville's finest mortgage professionals, so you're in great hands.
They can assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
After we meet for the first time, I'll begin looking for available houses on the market that are good for you.
I'll preview many of the houses and remove the bad ones, and then we'll schedule appointments to tour the homes when it's most convenient for you.
As we tour the houses, I'll call attention to good features and bad ones. I'll even ask you about things you like and don't like.
It's widely common for buyers to update their must-have list as we tour homes and some things become far more crucial than others.
If that's the situation, I'll look through all the listings once more and narrow it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
My understanding of the Hendersonville market is a valuable asset in your house search. I'm informed of all the schools and neighborhoods, and I can alert you to which neighborhoods are "hot" and demand immediate action and the ones that are "cool" and allow for more consideration.
As we view houses, I'll let you know when the list price has room for negotiation and also when I trust the home is "priced to sell."
Trust your instincts and be sure to ask your agent plenty of questions, as any real estate agent in Hendersonville will claim to truly understand the market.
If it seems like they don't know everything, call me at 828-231-2017 or e-mail me at email@example.com, and I'll be happy to answer any questions you may have. My knowledge of the market will keep you a step above the rest through the entire deal.
Step 5 – Find your dream home
I'm positive we'll find your dream home in Hendersonville, and when we do, I'll thoroughly develop your purchase offer. The offer will be written with your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When turning in your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property and is typically applied to the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer. It's very common to receive a counter offer. Don't let it discourage you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
The state of the market will play a part in how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll put together a contract that's best for you.
Step 7 – Obtain your loan
Upon completing the deal, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, this won't take long at all, but you need to stay in close contact with your mortgage lender.
And I'll manage all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your loan application.
This estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a strict range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will probably take place at a title company or escrow office and is often a smooth and relaxed occasion.
Step 9 – Move in
Success! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just contact me at 828-231-2017 or send me an e-mail.