Purchasing your new home in Metter
With a little planning ahead of time, buying a home isn't too complex, but it still is intimidating for a lot of people. We like to give buyers an outline of the entire deal so they understand exactly what they can expect. These are our nine steps to buying a home.
Step 1 – Get ready to buy a home
Before you begin searching for a home, there are several things you'll want to take into account. You'll want to assemble an index of features you want to have, get a plan of what school districts you want to live in, and start planning your budget. A good principle to follow is that your mortgage payment should be less than or close to 30 percent of your monthly income.
Step 2 – Get in touch with a real estate agent
This is where Jones Realty & Auction Company, Inc. comes in. We can book a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Metter area.
We'll also assist you in getting started on your loan. There are some excellent mortgage professionals in Metter, and we partner with a lot of them, so you're in great hands. They will help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking
After we meet for the first time, we'll begin searching for available homes on the market that are a great fit for you. We'll get a sneak peek of many of the homes and eliminate the duds, and then we'll set up appointments to tour the houses when it's most convenient for you.
When we view the houses, we'll point out positive features and negative ones. we'll also ask you about things you like and don't like. It's widely common for buyers to change their wish list as we view homes and some things become far more substantial than others. If that's the case, we'll search all the listings again and trim it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
Your agent's knowledge of the Metter housing market is an essential component in your home search. And we assure you we're well acquainted with all the neighborhoods and school districts, and we can alert you to certain districts are "hot" and demand prompt action and the others that are "cold" and allow for more examination.
When we tour houses, we'll let you know if the seller's asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, trust your instincts and be sure to ask plenty of questions. Any real estate agent will claim to comprehend the home market. If things don't add up, just call us at (912) 685-5045 or e-mail us at Training@PipelineROI.com, and we'd be more than happy to answer any questions you have. Our understanding of the market will keep you a step above the rest throughout the entire process.
Step 5 – Find the home of your dreams
We know we'll find the home of your dreams in the Metter area. When that happens, we'll meticulously create your home purchase offer. The offer will be tailored keeping your needs in mind, including some contingencies, such as obtaining financing, completing the home inspection, and a clear title.
When sending in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property and is usually put towards the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the beginning offer, and it's pretty common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances. We'll also work within your financing limits. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Obtain financing
Upon finishing the deal, you'll start working with your lender to close the loan. If you're pre-approved, this won't be a long process at all, but you need to stay in close contact with your mortgage lender. And we'll look after all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of taking your application. This estimate depends on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a narrow range of accuracy, and we'll go over the estimate and let you know if it all looks okay.
Then we'll close on your home. This will most often happen at a title company or escrow office and will likely be a smooth and hassle-free 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, make sure you contact us at (912) 685-5045 or send us an e-mail.