Let Jack Gaughen Network Services Hower & Associates assist you in purchasing your home in Mifflintown
Buying a home is stressful for many people. However, with a bit of planning ahead of time, it isn't too confusing.
I like to furnish buyers with a road map of the whole deal so they'll understand exactly what to expect.
Here are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.
Step 1 – Prepare to buy
There are a lot of things you need to contemplate prior to starting your home search.
When you start your search, you'll probably want to make an index of features you want, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good guideline to go by.
Step 2 – Speak with a real estate agent in Mifflintown
That's where I come in.
I'd be more than happy to set up a time to meet with you and talk about your real estate needs and get an idea of your plans for the future.
We'll talk about neighborhoods, schools in the Mifflintown area, the mortgage and housing industries, and any additional economic factors that may affect your purchase today or in the future.
In addition, I'll assist you with getting started on your loan.
There are some very good mortgage professionals in Mifflintown, and I work with a lot of them, so you can rest assured that you're in great hands.
They will assist you with figuring out which type of loan is best for you and help you get approved.
Step 3 – Begin looking
After our first meeting, I'll start looking for available homes on the market that meet your needs.
I'll research many of the homes and eliminate the duds, and then we'll book appointments to view the homes whenever it's most convenient for you.
When we tour homes, I'll call attention to positive features, as well as negative ones. I'll also ask you to point out what things you like and dislike.
It's common for buyers to update their list of must-haves as we tour homes and some items become far more necessary than others.
If that's the case, I'll search all the listings one more time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
An agent's knowledge of the Mifflintown home market is a leading component in your house search. And I assure you I'm familiar with all the neighborhoods and school districts, and I will alert you to what areas are "hot" and require prompt action and some that are "cold" and allow for careful analysis.
When we tour houses, I'll be sure to tell you when the asking price has room for negotiation and when I know the house is "priced to sell."
Be careful and be sure to ask plenty of questions, as every real estate agent in Mifflintown will claim to truly know the home market.
If it appears they don't know everything, contact me at 717-436-8200 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
I know we'll find the house of your dreams in Mifflintown. When we do, I'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as obtaining financing, finishing the home inspection, and a clear title.
When sending in your offer, you'll likely want to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property and is often applied to the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the beginning offer. It's widely common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
We'll also work within your financing limits. And when it's all said and done, we'll assemble 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.
It won't take much time at all if you're already pre-qualified, but you should to keep in close contact with your mortgage lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of accepting your loan application.
The estimate is formed from the loan amount, and RESPA requirements order that it has to include all closing costs and be within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will most likely occur at a title company or escrow office and is often a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you contact me at 717-436-8200 or e-mail me at .