Buying or selling a home in Southern Pines?
Moore County Living, LLC can help.
Purchasing a home intimidates many people, but it isn't very complex with a little planning ahead of time.
So you'll understand exactly what to expect, I like to give my buyers an overview of the whole deal.
These are my nine steps to buying a home.
Step 1 – Prepare to purchase
Before you commence your home search, there are plenty of things you need to consider.
When you start your search, you'll want to make a list of items you want, get an idea of what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment around 1/3 of your monthly income is a good rule of thumb to follow.
Step 2 – Contact a real estate agent in Southern Pines
That's where I can help.
I'd be happy to arrange 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 neighborhoods, school districts in the Southern Pines area, the mortgage industry, and any additional economic factors that could affect your buying decision today or in the future.
I can also help you get started on your loan.
Moore County Living, LLC works with some of Southern Pines's finest mortgage professionals, so you'll be in great hands.
They can help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
Following our first meeting, I'll begin looking for houses on the market that are great for you.
I'll get a sneak peek of many of the houses and throw out the bad ones, and then we'll set up appointments to tour the houses whenever it's convenient for you.
When we tour the homes, I'll call attention to positive features, as well as negative ones. I'll also ask you to talk about things you like and dislike.
It's pretty common for buyers to revise their list of must-haves as we view houses and some things become far more necessary than others.
If that's the situation, I'll go back through the listings once more and trim it down to the home you've been wishing for.
Step 4 – Know the housing market
My awareness of the Southern Pines home market is a crucial benefit in your search. I'm mindful of all the neighborhoods and schools, and I can alert you to what districts are "hot" and require immediate action and the rest that are "cold" and allow for careful consideration.
As we tour houses, I'll make sure to communicate when the asking price has room for bargaining and when I think the house is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions, as every real estate agent will convince you they know the home market.
If things don't add up, contact me at 910-684-5577 or e-mail me at email@example.com, and I'll be happy to answer your questions. My understanding of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream home
I'm positive we'll find the house of your dreams in the Southern Pines area. When that happens, I'll carefully create your real estate purchase offer. The offer will be tailored keeping your needs in mind, including a lot of contingencies, such as obtaining financing, finishing the inspection, and a clear title.
When turning in your offer, you'll need to submit "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property and is often applied to the closing costs. If the seller accepts your offer, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the first offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Secure financing
Upon signing the deal, you'll start working with your lender to close the loan.
If you're pre-approved, it shouldn't take very long at all. But you need to stay in close contact with your lender.
And I'll manage all the property information your mortgage lender needs to close the loan.>
Step 8 – Close the deal
Your mortgage lender will send you a Good Faith Estimate (GFE) outlining your closing costs within three days of getting your application.
The estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then we'll close on your home. This will likely occur at a title company or escrow office and will likely be a smooth and hassle-free occasion.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to call me at 910-684-5577 or send me an e-mail.