Buying or selling a home in Sun City West? RE/MAX Professionals can help.
Buying a home intimidates many people. However, with a bit of planning ahead of time, it isn't that hard. We like to provide buyers with a road map of the entire deal so they'll understand exactly what they can expect. Below are our nine steps to buying a home.
Step 1 – Prepare to purchase
There are plenty of things you should consider prior to beginning your home search. When you start your search, you'll probably want to make a check list of must-have features, get a plan of what school districts you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Contact a real estate agent in Sun City West
That's where we can help. We can plan a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and school districts in the Sun City West area.
In addition, we'll help you get started on your loan. There are some very good mortgage professionals in Sun City West, and we partner with a lot of them, so you can rest assured that you're in great hands. They can help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Start looking for a house
After our first meeting, we'll begin searching for available homes on the market that are good for you. We'll get a sneak peek of many of the homes and exclude the bad ones, and then we'll set up appointments to tour the houses whenever it's convenient for you.
When we tour the houses, we'll point out positive features and bad ones. we'll even ask you to point out what things you like and don't like. Frequently, buyers change their list of must-haves as we view homes and some features become more substantial than others. If that's the situation, we'll go back through all the listings another time and narrow it down to the house of your dreams.
Step 4 – Understand the housing market
Our knowledge of the Sun City West home market is a necessary asset in your search. We're conscious of all the neighborhoods and school districts, and we can let you know certain districts are "hot" and demand prompt action and the rest that are "cool" and allow for careful analysis.
When we view houses, we'll be sure to tell you if the list price has room for bargaining or if we believe the home is "priced to sell." Every real estate agent in Sun City West will claim to truly know the housing market, but beware, and be sure to ask your agent lots of questions. If things don't add up, contact us at 623-308-4177 or e-mail us at firstname.lastname@example.org, and we'd be more than happy to answer your questions. Our market knowledge will help you stay a step above the rest through the entire deal.
Step 5 – Find your dream house
We know we'll find your dream home in Sun City West, and when we do, we'll carefully develop your home purchase offer. The offer will be tailored to suit your needs. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
Upon presenting your purchase offer, you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property and is most often put towards the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer – it's pretty common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to take the counter offer, present our own counter offer, or refuse the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a contract that works well for you.
Step 7 – Get a loan
Once we sign the final deal, you'll start working with your lender to close the loan. If you're already pre-approved, this won't take very long at all, but you should to stay in close contact with your lender. And we'll handle all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your loan application. The estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and fall within a narrow range of accuracy, and we'll go over the estimate and let you know if everything looks okay.
Then it's time to close on your home. This will most likely take place at a title company or escrow office and is often a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call us at 623-308-4177 or send us an e-mail.