Let Your City Country Connection assist you with buying your new home in Guerneville
With some up-front planning, purchasing a home isn't very hard, but the event intimidates many people. So you know exactly what to expect, I like to furnish my buyers with an outline of the whole deal. Below are my nine steps to buying a home.
Step 1 – Get ready to purchase a home
There are several things you'll want to contemplate before commencing your home search. When you start your search, you'll probably want to assemble a list of items you need to have, get a feel for what neighborhoods you want to live in, and start working on your budget. A good rule to follow is that your mortgage payment should be less than or close to 30 percent of your net monthly income.
Step 2 – Get with a real estate agent in Guerneville
This is where Your City Country Connection comes in. I can set up a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss everything from neighborhoods, school districts in the Guerneville area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.
I can also assist you in getting started on your loan. I work with some of Guerneville's finest mortgage professionals, so you'll be in great hands. They will help you choose which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
After our initial meeting, I'll start searching for available homes on the market that are a great fit for you. I'll preview most of the homes and remove the duds, and then we'll book appointments to view the homes when it's most convenient for you.
When we tour the homes, I'll call attention to positive features, as well as negative ones. And I'll ask you what things you like and don't like. As a rule, buyers amend their list of must-haves as we view houses and some features become more substantial than others. If that's the situation, I'll look through all the listings once more and trim it down to the home you've been wishing for.
Step 4 – Understand the housing market
Your agent's understanding of the Guerneville home market is a leading aspect in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I will communicate certain neighborhoods are "hot" and call for prompt action and the rest that are "cool" and allow for more consideration.
When we view houses, I'll let you know when the asking price has room for negotiation and also when I believe the house is "priced to sell." Be careful and make sure you ask your agent a lot of questions, as any real estate agent in Guerneville will tell you they understand the housing market. If it seems like they don't know everything, just call me at 707-303-6358 or e-mail me at Connect@mycitycountry.com, and I'd be glad to answer your questions. My knowledge of the market will keep you a step ahead through the entire deal.
Step 5 – Find your dream house
I'm sure we'll find your dream house in the Guerneville area, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be made keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When sending in your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to purchase the property and is typically put towards the cost of closing. If your offer is accepted, we should close on the home about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer – it's really common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a deal that works well for you.
Step 7 – Get your loan
Once the contract is finalized, you'll begin working with your mortgage lender to close the loan. If you've been pre-qualified, this won't be a long process at all, but you should to stay in close contact with your lender. And I'll deal with all the property information your lender needs to close the loan.>
Step 8 – Close the deal
Your lender will furnish you with a Good Faith Estimate (GFE) of closing costs within three days of accepting your loan application. This estimate rests on the loan amount. RESPA requirements require that it has to include all closing costs and be within a close range of accuracy, and I'll review the estimate and let you know if everything looks adequate.
Then we'll close on your house. This should happen at a title company or escrow office and will probably be a smooth and pleasant occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call me at 707-303-6358 or send me an e-mail.