Looking to purchase a home in Brooklyn? Achievers Realty, The Home Seller can help.With a little planning ahead of time, buying a home isn't too complicated, but the event is stressful for a lot of people. So you know exactly what to expect, I like to supply my buyers with an outline of the entire deal. These are my nine steps to buying a home.
|When you're ready to get started, simply contact me here or send e-mail to firstname.lastname@example.org. I'm glad to answer questions you have about this information.|
Step 1 – Get ready to purchase a home
Before you begin looking for a home, there are many things you'll want to take into account. When you begin your search, you'll want to put together a checklist of features you want, plan for what school districts and neighborhoods you want to live in, and begin working on your budget. Keeping your mortgage payment around a third of your monthly income is a good guideline to go by.
Step 2 – Communicate with a real estate agent in Brooklyn
This is where I can help. We can book a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Brooklyn area.
I'll also help you start the loan process. I work with some of the best mortgage professionals in Brooklyn, so you'll be in great hands. They will help you determine which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
After our initial meeting, I'll begin looking for homes on the market that are a good fit for you. I'll research most of the houses and throw out the bad ones, and then we'll book appointments to view the homes at a time that's convenient for you.
As we tour houses, I'll identify good features, as well as bad ones. I'll even ask you what things you like and dislike. Generally, buyers revise their must-have list as we tour houses and some features become far more important than others. If that's the case, I'll go back through the listings once more and trim it down to the house of your dreams.
Step 4 – Understand the market
My awareness of the Brooklyn market is a crucial advantage in your house search. I am informed of all the neighborhoods and school districts, and I can let you know what neighborhoods are "hot" and demand immediate action and the ones that are "cool" and allow for more consideration.
When we tour homes, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I know the home is "priced to sell."
Any REALTOR® in Brooklyn will claim to comprehend the housing market, but take notice, and make sure you ask a lot of questions.
If things don't add up, just call me at 718-232-8400 or e-mail me at email@example.com, and I'll be more than happy to answer your questions. My understanding of the market will help you stay a step ahead throughout the entire process.
Step 5 – Find your dream home
We'll find the house of your dreams in the Brooklyn area, and when that happens, I'll meticulously create your home purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
When we present your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property and is most often put towards the closing costs. If the seller accepts the offer, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer. It's pretty common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that's best for you.
Step 7 – Get a loan
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. This won't be a long process at all if you're already pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will give you a Good Faith Estimate (GFE) detailing closing costs within three days of receiving your loan application. You'll get a Good Faith Estimate (GFE) detailing closing costs from your mortgage lender within three days of receiving your application. This estimate is formed from the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a close range of accuracy. I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and is often a smooth and comfortable event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at 718-232-8400 or send me an e-mail.