Let Jack Gaughen Network Services Hower & Associates help you with purchasing a new home in Mifflintown
Purchasing a home is stressful for a lot of people, but with some up-front planning, it isn't that difficult.
So they'll know exactly what to expect, I like to give buyers an overview of the entire deal.
Here 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 address questions you have regarding this information.
Step 1 – Get ready to buy a home
Prior to starting your home search, there are a lot of things you'll want to contemplate.
When you begin your search, you'll want to put together an index of features you want, get an idea of what school districts and neighborhoods you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is no more than 1/3 of your monthly income is a good rule to adhere to.
Step 2 – Get in touch with a real estate agent
This is where I come in.
I'd be more than happy to arrange a time to get together with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Mifflintown area.
In addition, I'll assist you with getting started on your loan.
There are some very good mortgage professionals in Mifflintown, and I partner with a lot of them, so you'll be in great hands.
They'll assist you with choosing which type of loan is best for you and help you get qualified.
Step 3 – Begin looking for a house
After our first meeting, I'll begin looking for homes on the market that are great for you.
I'll get a sneak peek of most of the homes and reject the duds, and then we'll set up appointments to view the houses when it's convenient for you.
As we tour houses, I'll identify good features and negative ones. I'll also ask you to tell us about things you like and don't like.
It's widely common for buyers to update their wish list as we view homes and some items become more important than others.
If that happens, I'll go back through the listings one more time and narrow it down to the house you've been waiting for.
Step 4 – Know the market
My understanding of the Mifflintown market is an essential component in your house search. I am familiar with all the school districts and neighborhoods, and I'll communicate some neighborhoods are "hot" and demand prompt action and some that are "cool" and allow for thoughtful examination.
As we view houses, I'll let you know when the seller's asking price has room for negotiation and also when I think the home is "priced to sell."
When working with an agent, be careful and make sure you ask lots of questions, as any real estate agent in Mifflintown will claim to truly understand the market.
If things don't add up, just call me at 717-436-8200 or e-mail me at , and I'd be happy to answer your questions. My knowledge of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the home you've been waiting for
We'll find your dream house in Mifflintown, and when that happens, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, completing the inspection, and a clear title.
When we present your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property and is often put towards the cost of closing. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the first offer, and it's really common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And at the end of the day, we'll put together a contract that's best for you.
Step 7 – Secure financing
Upon completion of the contract, you'll start working with your mortgage lender to close the loan.
It shouldn't take much time at all if you've been pre-qualified, but you need to stay in close contact with your mortgage lender.
And I'll care for all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) detailing your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your application.
The estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will most likely take place at a title company or escrow office and should be a smooth and peaceful occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply contact me at 717-436-8200 or e-mail me at .