Buying your new home in West Bridgewater?
Buying a home is an intimidating event for most people. However, with a bit of up-front planning, it isn't all that complicated.
So you'll know exactly what to expect, we like to give our buyers an outline of the whole deal.
Below are our nine steps to purchasing a home.
Step 1 – Get ready to buy
There are plenty of things you'll want to do prior to commencing your home search.
You'll probably want to create a check list of must-have features, get an idea of what neighborhoods you want to live in, and begin working on your budget.
Ensuring your mortgage payment is around a third of your monthly income is a good rule of thumb to adhere to.
Step 2 – Get in touch with a real estate agent
That's where we can help.
We can book a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and school districts in the West Bridgewater area.
In addition, we'll help you get started on your loan.
There are some excellent mortgage professionals in West Bridgewater, and we partner with a lot of them, so you'll be in great hands.
They can assist you in determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
After our first meeting, we'll begin searching for available houses on the market that are a great fit for you.
We'll research many of the houses and reject the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.
As we tour homes, we'll show you the positive features, as well as negative ones. we'll also ask you what things you like and dislike.
It's widely common for buyers to revise their wish list as we tour houses and some items become more crucial than others.
If that's the situation, we'll search the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Get a feel for the housing market
Our awareness of the West Bridgewater home market is a valuable advantage in your house search. We are acquainted with all the schools and neighborhoods, and we will alert you to which neighborhoods are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful analysis.
When we view houses, we'll make sure to communicate when the list price has room for negotiation and when I think the house is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Any real estate agent in West Bridgewater will claim to understand the home market.
If it doesn't seem like they know everything, just call us at 508-580-5700 or e-mail us at firstname.lastname@example.org, and we'd be glad to answer any questions you may have. Our knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream home
We're confident we'll find the home of your dreams in the West Bridgewater area, and when we do, we'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When we submit your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property, and it's typically put towards the cost of closing. If your offer is accepted, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the first offer. It's widely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
The state of the market determines 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 put together a deal that works well for you.
Step 7 – Secure your loan
Upon completion of the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-approved, this shouldn't take very long at all, but you need to keep in close contact with your mortgage lender.
And we'll take care of all the property information your lender will need to close the loan.>
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) of closing costs within three days of getting your application.
The estimate is based on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a precise range of accuracy. we'll review the estimate and let you know if it all looks all right.
Then it's time to close on your home. This will most often take place at a title company or escrow office and will most often be a smooth and relaxed occasion.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you have any questions, simply call us at 508-580-5700 or send us an e-mail.