Are you contemplating purchasing your home in Mifflintown? Jack Gaughen Network Services Hower & Associates can help.
For many people, purchasing a home can be a stressful event. However, with a little planning ahead of time, it isn't that confusing.
I like to furnish buyers with a road map of the entire deal so they know exactly what they can expect.
Below are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Get ready to buy
There are several things you should consider before you search for a home.
You'll most likely want to put together an index of must-have features, get a feeling for what neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment around a third of your monthly income is a good rule to adhere to.
Step 2 – Speak with a real estate agent
That's where I can help.
I'd like to plan a time to meet with you and speak with you regarding your real estate needs and get an idea of your future 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 schools in the Mifflintown area.
I'll also help you facilitate the loan process.
Jack Gaughen Network Services Hower & Associates works with some of the best mortgage professionals in Mifflintown, so you're in great hands.
They can assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Start house-hunting
After our first meeting, I'll begin finding homes on the market that are good for you.
I'll preview most of the houses and eliminate the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.
When we view the houses, I'll call attention to positive features, as well as bad ones. And I'll ask you to tell us about things you like and dislike.
Frequently, buyers update their wish list as we view homes and some features become more essential than others.
If that happens, I'll search all the listings once again and trim it down to the house you've been waiting for.
Step 4 – Understand the market
My understanding of the Mifflintown home market is an essential factor in your home search. I'm conscious of all the school districts and neighborhoods, and I'll let you know which areas are "hot" and demand immediate action and the ones that are "cool" and allow for more examination.
When we view houses, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
Be careful and be sure to ask your agent lots of questions, as every real estate agent in Mifflintown will claim to know the market.
If things don't add up, contact me at 717-436-8200 or e-mail me at , and I'll be happy to answer any questions you have. My understanding of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find the home you've been looking for
I'm positive we'll find your dream house in Mifflintown. When that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as getting financing, carrying out the home inspection, and a clear title.
Upon sending in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property and is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the first offer. It's very common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market.
In addition, we'll work within your financing constraints. And at the end of the day, we'll create a contract that's best for you.
Step 7 – Secure financing
After the deal is finalized, you'll start working with your lender to close the loan.
It shouldn't be a long process at all if you're already pre-approved, but you need to keep in close contact with your 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 mortgage lender will supply you with a Loan Estimate (LE) of your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application.
This estimate is formed from the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a close range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.
Then it's time to close on your house. This will probably take place at a title company or escrow office and will likely be a smooth and relaxing event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply contact me at 717-436-8200 or e-mail me at .