Buying or selling a home? All Seasons Realty can help.
For many people, purchasing a home can be intimidating. However, with a little up-front planning, it's not that hard.
So you understand exactly what to expect, we like to furnish our buyers with a road map of the whole deal.
Below are our nine steps to purchasing a home.
When you're ready to get started, you can contact us here or send us e-mail
. We're happy to address questions you have about this information.
Step 1 – Get ready to buy
There are many things you need to contemplate before you look for a home.
You'll want to create an index of features you need to have, plan for what neighborhoods you want to live in, and start planning around your budget.
A good guideline to go by is that your mortgage payment should be less than 30 percent of your monthly income.
Step 2 – Talk to a real estate agent in Davenport
This is where All Seasons Realty comes in.
We'd be more than happy to book 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 could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Davenport area.
In addition, we'll assist you in getting started on your loan.
There are some very good mortgage professionals in Davenport, and we work with a lot of them, so you can rest assured that you're in great hands.
They can help you determine which kind of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
After our initial meeting, we'll start finding available homes on the market that are good for you.
We'll get a sneak peek of many of the homes and exclude the duds, and then we'll book appointments to tour the houses whenever it's convenient for you.
When we tour houses, we'll call attention to good features, as well as bad ones. And we'll ask you to point out what things you like and dislike.
Usually, buyers amend their list of must-haves as we tour homes and some features become more crucial than others.
If such is the case, we'll go back through the listings another time and narrow it down to the home you've been wishing for.
Step 4 – Know the market
Our knowledge of the Davenport housing market is a fundamental asset in your home search. We are conscious of all the schools and neighborhoods, and we will let you know certain areas are "hot" and call for immediate action and the ones that are "cold" and allow for careful examination.
When we view houses, we'll make sure to communicate if the list price has room for negotiation or if I believe the house is "priced to sell."
Every REALTOR® in Davenport will tell you they comprehend the market, but be mindful, and be sure to ask your agent plenty of questions.
If it seems like they don't know everything, call us at 918-377-2234 or e-mail us at firstname.lastname@example.org, and we'd be glad to answer any questions you may have. Our market knowledge will keep you a step above the rest through the entire process.
Step 5 – Find your dream home
We're positive we'll find the home of your dreams in Davenport, and when we do, we'll thoroughly create your real estate purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
Upon submitting your offer, you'll likely need to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property and is most often applied to the closing costs. If your offer is accepted by the seller, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts don't close on the first offer. It's very common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a big part in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And when it's all said and done, we'll create a contract that is best for you.
Step 7 – Get financing
After we sign the final deal, you'll begin working with your lender to close the loan.
If you've been pre-approved, it won't take long at all. However, you'll want to keep in close contact with your mortgage lender.
And we'll handle all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your mortgage lender within three days of receiving your loan application.
This estimate is based on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy. we'll examine the estimate and let you know if everything looks good.
Then we'll close on your home. This will most likely occur at a title company or escrow office and will most often be a smooth and relaxing occasion.
Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything, simply contact us at 918-377-2234 or send us an e-mail.