Purchasing a home in Mifflintown with Jack Gaughen Network Services Hower & Associates

Buying a home can be stressful for many people, but it's not all that difficult with a little up-front planning. So they'll know exactly what they can expect, I like to supply buyers with an outline of the entire deal. Here are my nine steps to purchasing a home. If you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy
Before you begin searching for a home, there are a lot of things you need to contemplate. When you start your search, you'll probably want to form an outline of features you need, get a feel for what school districts you'd like to live in, and start working on your budget. A good rule of thumb to follow is that your mortgage payment should be no more than a third of your monthly income.

Step 2 – Speak with a real estate agent
This is where Jack Gaughen Network Services Hower & Associates can help. We can book a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, schools in the Mifflintown area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.

I'll also help you start the loan process. Jack Gaughen Network Services Hower & Associates works with some of the best mortgage professionals in Mifflintown, so you can rest assured that you're in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Start house-hunting
After we meet for the first time, I'll start finding available houses on the market that suit your needs. I'll research many of the houses and remove the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.

When we tour the houses, I'll point out good features, as well as negative ones. I'll also ask you to tell us about things you like and don't like. It's common for buyers to amend their must-have list as we view homes and some things become more substantial than others. If that's the situation, I'll search the listings once more and trim it down to the house you've been dreaming about.

Step 4 – Know the market
My understanding of the Mifflintown housing market is a leading factor in your home search. I am acquainted with all the neighborhoods and school districts, and I can alert you to certain neighborhoods are "hot" and demand immediate action and others that are "cold" and allow for thoughtful consideration.

When we view houses, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions, as every real estate agent in Mifflintown will convince you they truly understand the home market. If it seems like they don't know everything, call me at 717-436-8200 or e-mail me at , and I'll be more than happy to answer your questions. My understanding of the market will help you stay a step above the rest through the entire process.

Step 5 – Find your dream house
We'll find the house of your dreams in the Mifflintown area, and when we do, I'll precisely create your purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

When we submit your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property and is often applied to the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the beginning offer – it's very common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the contract. We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that works well for you.

Step 7 – Secure financing
After we sign the final deal, you'll begin working with your lender to close the loan. It shouldn't be a long process at all if you're pre-approved, but you need to stay in close contact with your lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your application. The estimate is based on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll go over the estimate and let you know if it all looks good.

Then it's time to close on your house. This will most likely occur at a title company or escrow office and will likely be a smooth and comfortable occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at 717-436-8200 or e-mail me at .