Buying or selling a home in Point Reyes Station?
Buying a home is stressful for many people, but with some planning ahead of time, it isn't that complex.
So they'll understand exactly what they can expect, I like to provide buyers with a road map of the entire deal.
These are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer questions you have about this information.
Step 1 – Prepare to buy
Before you start searching for a home, there are many things you need to take into account.
When you start your search, you'll probably want to form a check list of items you want, get an idea of what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good guideline to go by.
Step 2 – Connect with a real estate agent
This is where I can help.
I'd like to schedule a time to meet with you and speak with you regarding your real estate needs and get an idea of your plans for the future.
We'll talk about the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Point Reyes Station area.
I'll also assist you with getting started on your loan.
West Marin Real Estate partners with some of the finest mortgage professionals in Point Reyes Station, so you'll be in great hands.
They will assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After our initial meeting, I'll start finding available homes on the market that suit your needs.
I'll research many of the homes and reject the bad ones, and then we'll schedule appointments to tour the houses whenever it's convenient for you.
As we tour the homes, I'll call attention to good features, as well as negative ones. I'll even ask you to point out what things you like and dislike.
Frequently, buyers amend their list of must-haves as we view homes and some features become far more substantial than others.
If that happens, I'll search the listings once again and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
Your agent's awareness of the Point Reyes Station housing market is an essential aspect in your home search. And I can assure you I'm informed of all the school districts and neighborhoods, and I will let you know certain areas are "hot" and require prompt action and others that are "cold" and allow for cautiousness.
As we tour houses, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be on guard and be sure to ask plenty of questions. Any real estate agent in Point Reyes Station will claim to truly understand the home market.
If it appears they don't know everything, just call me at 4156638281 or e-mail me at , and I'd be glad to answer any questions you have. My market expertise will keep you a step ahead through the entire process.
Step 5 – Find the home of your dreams
I'm confident we'll find your dream home in the Point Reyes Station area. When we do, I'll carefully develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When we submit your offer, you'll likely need to submit "earnest money." This is a cash deposit made to the seller to secure an offer to buy the property. The amount is often applied to the closing costs. If the offer is accepted, we should close on the property about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the beginning offer, and it's really common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing budget. And when it's all said and done, we'll assemble a contract that's best for you.
Step 7 – Get a loan
After the contract is finished, 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'll want to stay in close contact with your lender.
And I'll deal with all the property information your mortgage 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 mortgage lender within three days of accepting your loan application.
The estimate depends on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll review the estimate and let you know if it all looks good.
Then we'll close on your house. This will most likely happen at a title company or escrow office and will most often be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, be sure to call me at 4156638281 or e-mail me at .