Let Issac W. Harper Real Estate Broker/Realtor© assist you in purchasing your home in Austin
With some up-front planning, buying a home isn't too complex, but the event is stressful for a lot of people.
So they understand exactly what they can expect, I'll provide buyers with a road map 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 e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Get ready to buy
There are a lot of things you'll want to consider before starting your home search.
You'll probably want to create an outline of features you want, get a plan of what school districts you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is no more than a third of your net monthly income is a good guideline to go by.
Step 2 – Speak with a real estate agent in Austin
This is where I come in.
We'll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss neighborhoods, school districts in the Austin area, the mortgage and housing industries, and any other economic factors that may potentially affect your buying decision today or in the future.
I'll also help you get started on your loan.
Issac W. Harper Real Estate Broker/Realtor© partners with some of Austin's best mortgage professionals, so you're in great hands.
They can assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After our first meeting, I'll start searching for houses on the market that meet your needs.
I'll research many of the homes and remove the bad ones, and then we'll book appointments to tour the homes at a time that's convenient for you.
As we view the houses, I'll identify positive features and negative ones. I'll also ask you about things you like and dislike.
It's common for buyers to change their must-have list as we view homes and some items become more substantial than others.
If that's the situation, I'll search the listings once again and narrow it down to the house of your dreams.
Step 4 – Comprehend the market
An agent's understanding of the Austin home market is a crucial element in your home search. And I can assure you I'm mindful of all the schools and neighborhoods, and I will let you know some neighborhoods are "hot" and call for immediate action and the ones that are "cold" and allow for careful analysis.
As we tour homes, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I trust the home is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions, as any REALTOR in Austin will convince you they truly know the home market.
If it appears they don't know everything, contact me at 5122032245 or e-mail me at , and I'll be more than happy to answer any questions you might have. My understanding of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the house of your dreams
We'll find the house of your dreams in Austin, and when that happens, I'll thoroughly create your purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as obtaining financing, carrying out the inspection, and a clean title.
Upon sending in your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's often put towards the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the initial offer – it's really common to receive a counter offer. But don't let this discourage you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the contract.
We'll also work within your financing budget. And at the end of the day, we'll compose a contract that works well for you.
Step 7 – Obtain financing
After the deal is signed, you'll start working with your lender to close the loan.
It shouldn't take long at all if you're already pre-approved, but you'll want to stay in close contact with your mortgage lender.
And I'll deal with all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application.
This estimate is based on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a close range of accuracy, and I'll examine the estimate and let you know if everything looks good.
Then we'll close on your house. This will most often happen at a title company or escrow office and will most often be a smooth and peaceful occurrence.
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 me at 5122032245 or e-mail me at .