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Buying Your Dream Home

Buying Your Dream Home

In our experience, a home isn’t a dream home because of its room dimensions. It’s about how you feel when you walk through the front door, and the way you can instantly envision your life unfolding there.

This is about more than real estate – it’s about your life and your dreams.
We understand you are looking for a new home, and we want to be the real estate professional to help you. I work with each of my clients individually, taking the time to understand their unique needs and lifestyle, and we want to do the same for you.

 

Do You Know How Much You Can Afford?

We love helping buyers find their dream home. That’s why we work with each client individually, taking the time to understand their unique lifestyles, needs, and wishes. This is about more than a certain number or a particular zip code. This is about your life. and its important to us!

Purchase price
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Down payment
Down payment is cash that you pay upfront for your home.
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Term in years
Number of years you have to pay.
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Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
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Property tax
Enter your property tax here if you know it.
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Home insurance
Most lenders require home insurance. Enter its price here.
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PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
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Your total monthly payment


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Principal & Interest
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The Home Buying Process

Buying a home is one of the biggest investments and financial decisions you can make. While it is a major commitment and responsibility, it is also a very exciting time in your life. Here are all the steps of the home buying process so you can feel confident, act as an educated buyer and make your home search as easy as possible.

This is the time when you interview with real estate agents to analyze what your needs are and what you are looking for. During this time, you will decide if buying a home is a great option for you and what real estate agent you feel comfortable working within this process.

This is when you meet with a lender and determine what you can afford based on your income and current debt. A lender will look closely at your credit report, assets and monthly expenses. You will be required to turn in documents such as a w2 form, pay stubs, bank statement and any records of assets. To get a jump start on know what you qualify for, here is a mortgage calculator, but you should meet with a professional to determine your pre-qualification.

After you have defined what type of home you’re looking for, start looking at properties. Take notes while on your home search and determine which homes meet your wishes and needs. Be Open to all homes. If you want to start your home search early, click on the button below to view the homes that are available in your desired areas.

You’ve found the home of your dreams. Now its time to make an offer. Work with your agent to define the price and terms that you are comfortable with. When a counteroffer is presented you and I will work together to review each specific area of it, making sure that we move forward with your goals in mind ensuring that we negotiate the best possible price and teams on your behalf.

Work with your agent to put the offer package together. The offer package includes the purchase contract, copy of initial deposit and loan approval. What you offer on a property depends on a number of factors, including its condition, length of time on the market, buyer activity and the urgency of the seller. While some buyers want to make a low offer just to see if the seller accepts, this often isn’t a smart choice, because the seller may be insulted and decide not to negotiate at all.

When a counteroffer is presented we will work together to review each specific area of it, making sure that we move forward with your goals in mind ensuring that we negotiate the best possible price and teams on your behalf. It may take a few rounds to get an offer accepted. Be Patient and don’t overpay.

Your offer has been accepted. Now it’s time to get to work. Set up your escrow. Get earnest money to them. Get real estate insurance to protect yourself in the event of a catastrophe. Start setting up all of our inspections.

Your loan officer will submit completed loan package to the lender. This is also the time to order your appraisal.

Now its time to find out everything about the home you are going to purchase. Have a professional inspector perform all inspections (general home, pest, etc.).The inspector will check on the structure, construction and mechanical systems of the house.

You will receive a written report of the inspection and an estimate of the cost of any and all repairs. Make sure the appraisal comes in at or above the purchase price, or it could affect your deal going through. If there are any issues, this is the time to possibly re-negotiate with the seller.

Now that you reviewed your inspections and appraisal, its time to make sure your loan is ok. Check with your lender to make sure you don’t need to meet certain conditions and have them send out your final approval and conditions.

Conduct title search if there are any defect of liens with the title and get title insurance.Title insurance will protect you again title defects that were not discovered in the course of the title search.

Once all the purchasing steps and contingencies are cleared, its time for closing! The title company will send signed loan documents to the lender. The lender wires money to the title company. Closing procedures are usually held at the title company or office of the agent.