Buying or selling a home in Sevierville?Buying a home is an intimidating event for a lot of people, but with a little up-front planning, it's not very confusing. So you know exactly what to expect, I like to furnish my buyers with an overview of the whole deal. These are my nine steps to purchasing a home.
|When you're ready to get started, you can contact me here or send e-mail to firstname.lastname@example.org. I'm glad to address any questions you have regarding this information.|
Step 1 – Get ready to buy
Before you begin searching for a home, there are plenty of things you'll want to do. Create an outline of features you want; get a feeling for what neighborhoods you'd like to live in; and start working on your budget. Ensuring your mortgage payment is less than 1/3 of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Speak with a real estate agent in Sevierville
That's where I come in. We'll arrange a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Sevierville area.
In addition, I'll help you start the loan process. CENTURY 21 MVP works with some of Sevierville's finest mortgage professionals, so you can rest assured that you're in great hands. They will assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Start your home search
After our first meeting, I'll begin finding homes on the market that are a good fit for you. I'll preview many of the houses and remove the duds, and then we'll set up appointments to view the houses when it's convenient for you.
As we view homes, I'll show you the positive features, as well as negative ones. And I'll ask you to tell me about things you like and don't like. It's widely common for buyers to change their wish list as we tour homes and some things become far more crucial than others. If that happens, I'll go back through the listings once more, and we'll narrow them down to the home of your dreams.
Step 4 – Know the market
An agent's knowledge of the Sevierville market is a leading factor in your home search. And I can assure you I'm conscious of all the neighborhoods and school districts, and I can communicate certain neighborhoods are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful analysis.
As we view homes, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask lots of questions, as any real estate agent in Sevierville will tell you they understand the market. If it seems like they don't know everything, contact me at 865.765.6157 or e-mail me at email@example.com, and I'll be happy to answer your questions. My market knowledge will help you stay a step above the rest through the entire process.
Step 5 – Find the house of your dreams
I know we'll find your dream house in the Sevierville area. When we do, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies. A few examples are obtaining financing, finishing the inspection, and a clean title.
When we send in your purchase offer, you'll probably need to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is often put towards the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer, and it's extremely common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal. We'll also work within your financing constraints. And when it's all said and done, we'll put together a deal that is best for you.
Step 7 – Secure financing
Upon finishing the contract, you'll start working with your mortgage lender to close the loan. This won't take long at all if you're already pre-approved, but you'll want to keep in close contact with your mortgage lender. And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of getting your application. This estimate rests on the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a strict range of accuracy, and I'll analyze the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will probably take place at a title company or escrow office and will most often be a smooth and comfortable occasion.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at 865.765.6157 or send me an e-mail.