Buying your home in Cedar Park
Purchasing a home is an intimidating event for most people, but it isn't very confusing with a little up-front planning.
So they'll know exactly what they can expect, I will give buyers a road map of the entire deal.
Here are my nine steps to buying a home.
Should you have any questions about this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are plenty of things you should consider before you search for a home.
It's likely that you'll want to form an index of features you need to have, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or around 1/3 of your net monthly income is a good rule to adhere to.
Step 2 – Communicate with a real estate agent in Cedar Park
This is where Homes With Heart, Inc. can help.
I'd love to plan a time to meet with you and communicate with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about neighborhoods, school districts in the Cedar Park area, the mortgage industry, and any other economic factors that might affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
There are some excellent mortgage professionals in Cedar Park, and I work with a lot of them, so you can rest assured that you're in great hands.
They will help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a home
Following our first meeting, I'll begin looking for available houses on the market that are good for you.
I'll get a sneak peek of most of the homes and remove the duds, and then we'll set up appointments to view the homes whenever it's convenient for you.
When we view homes, I'll call attention to positive features, as well as bad ones. And I'll ask you about things you like and don't like.
Frequently, buyers revise their list of must-haves as we view houses and some items become more necessary than others.
If that's the situation, I'll go back through all the listings once again and trim it down to the house you've been waiting for.
Step 4 – Understand the housing market
Your agent's understanding of the Cedar Park housing market is a crucial component in your house search. And I can assure you I'm mindful of all the neighborhoods and schools, and I will communicate some neighborhoods are "hot" and warrant prompt action and others that are "cool" and allow for thoughtful examination.
When we view homes, I'll be sure to tell you when the list price has room for negotiation and when I trust the home is "priced to sell."
Every REALTOR in Cedar Park will convince you they comprehend the home market, but be wary, and make sure you ask lots of questions.
If it appears they don't know everything, contact me at 512-789-7541 or e-mail me at , and I'd be glad to answer any questions you may have. My market expertise will keep you a step ahead through the entire deal.
Step 5 – Find your dream home
I'm confident we'll find your dream home in Cedar Park. When that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies, such as getting financing, completing the home inspection, and a clean title.
When presenting your offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property and is often applied to the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's extremely common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your budget. And at the end of the day, we'll compose a deal that's best for you.
Step 7 – Get financing
Upon signing the contract, you'll begin working with your lender to close the loan.
If you're pre-approved, it won't take much time at all. However, you need to stay in close contact with your lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining your closing costs within three days of receiving your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your loan application.
The estimate rests on the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a tight range of accuracy. I'll analyze the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will likely take place at a title company or escrow office and should be a smooth and comfortable event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply call me at 512-789-7541 or e-mail me at .