Let Jack Gaughen Network Services Hower & Associates assist you with buying a home in Mifflintown

Buying a home is stressful for most people, but it isn't very difficult with a little up-front planning. I like to furnish buyers with a road map of the whole deal so they'll know exactly what they can expect. Below are my nine steps to buying a home. If you have questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase
Before you start looking for a home, there are several things you'll want to take into account. When you start your search, you'll want to make an outline of must-haves, get a feeling for what neighborhoods and school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good rule of thumb to adhere to.

Step 2 – Communicate with a real estate agent in Mifflintown
This is where I can help. I'd be more than happy to schedule 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 talk about everything from neighborhoods, schools in the Mifflintown area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.

I can also assist you with getting started on your loan. There are some excellent mortgage professionals in Mifflintown, and I work with a lot of them, so you're in great hands. They can assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Begin house hunting
After our first meeting, I'll begin searching for homes on the market that meet your needs. I'll get a sneak peek of most of the houses and throw out the duds, and then we'll schedule appointments to view the houses when it's most convenient for you.

When we tour homes, I'll show you the positive features, as well as bad ones. I'll also ask you what things you like and dislike. It's widely common for buyers to amend their wish list as we tour homes and some items become more important than others. If that's the case, I'll search all the listings once again and narrow it down to the house you've been wishing for.

Step 4 – Know the housing market
An agent's knowledge of the Mifflintown home market is an essential component in your home search. And I can assure you I'm informed of all the schools and neighborhoods, and I will communicate which neighborhoods are "hot" and call for prompt action and the ones that are "cold" and allow for thoughtful analysis.

As we tour homes, I'll be sure to tell you when the asking price has room for bargaining and when I know the house is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any real estate agent will convince you they know the home market. If things don't add up, call me at 717-436-8200 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will keep you a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
I'm certain we'll find the house of your dreams in the Mifflintown area. When we do, I'll thoroughly create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as getting financing, completing the home inspection, and a clean title.

When turning in your offer, you'll probably need to present "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property. The amount is usually applied to the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to accept 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 deal. In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a contract that's best for you.

Step 7 – Obtain financing
After we sign the final deal, you'll start working with your lender to close the loan. If you've been pre-qualified, this won't take long at all. However, you need to stay in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of taking your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your application. The estimate depends on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy, and I'll study the estimate and let you know if everything looks good.

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

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