Buying or selling a home in Lenox? Roberts & Associates Realty, Inc. can help.
Purchasing a home can be stressful for a lot of people, but with some planning ahead of time, it isn't too confusing. So you understand exactly what to expect, we like to provide our buyers with an outline of the whole deal. Below are our nine steps to purchasing a home.
Should you have any questions about any of this information or if you're prepared to get started, you can contact us here or send e-mail to email@example.com
Step 1 – Get ready to purchase
Prior to beginning your home search, there are several things you'll want to do. When you start your search, you'll probably want to make a check list of features you want, get a feel for what neighborhoods and school districts you want to live in, and start working on your budget. Ensuring your mortgage payment is less than a third of your monthly income is a good rule to adhere to.
Step 2 – Get with a real estate agent in Lenox
This is where we can help. We'd be more than happy to schedule 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 discuss the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Lenox area.
We can also help you start the loan process. We partner with some of Lenox's best mortgage professionals, so you'll be in great hands. They'll assist you with deciding which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
Following our initial meeting, we'll begin looking for available homes on the market that meet your needs. We'll research most of the homes and ignore the bad ones, and then we'll book appointments to tour the homes at a time that's convenient for you.
As we tour houses, we'll call attention to positive features and negative ones. we'll also ask you to talk about things you like and don't like. Oftentimes, buyers amend their must-have list as we tour houses and some things become far more essential than others. If that's the situation, we'll look through all the listings one more time and narrow it down to the house you've been wishing for.
Step 4 – Know the housing market
Your agent's knowledge of the Lenox housing market is an essential agent in your home search. And we assure you we're well-versed in all the school districts and neighborhoods, and we'll alert you to what areas are "hot" and demand immediate action and the rest that are "cool" and allow for more consideration.
When we tour houses, we'll be sure to tell you when the asking price has room for negotiation and also when we believe the home is "priced to sell." Be mindful and be sure to ask your agent lots of questions, as every REALTOR® will claim to understand the housing market. If it seems like they don't know everything, just call us at 413.637.4200 or e-mail us at firstname.lastname@example.org, and we'd be happy to answer any questions you may have. Our knowledge of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been looking for
We're positive we'll find the house of your dreams in Lenox, and when that happens, we'll thoroughly develop your real estate purchase offer. The offer will be tailored exactly to your needs. Whenever necessary, We never forget to make contracts contingent upon items like your ability to secure 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 seller to secure the offer to buy the property. The amount is often put towards the closing costs. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the first offer, and it's widely common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market conditions will play a role in how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll compose a deal that's best for you.
Step 7 – Obtain financing
After the deal is signed, you'll start working with your lender to close the loan. If you're pre-approved, it shouldn't take much time at all. However, you need to keep in close contact with your lender. And we'll handle all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your lender within three days of accepting your loan application. The estimate is based on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a close range of accuracy. we'll analyze the estimate and let you know if it all looks all right.
Then it's time to close on your house. This will probably happen at a title company or escrow office and will most likely be a smooth and peaceful occasion.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call us at 413.637.4200 or send us an e-mail.