Looking to purchase a home in Dublin? Provident Realty Group can help.
With a little planning ahead of time, purchasing a home isn't all that hard, but the event can be stressful for many people.
I like to give buyers an outline of the whole deal so they understand exactly what they can expect.
Below are my nine steps to purchasing a home.
If you have any questions regarding any of this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to buy
There are many things you should do before you start searching for a home.
When you start your search, you'll probably want to assemble a list of features you need to have, plan for what neighborhoods you'd like to live in, and start planning around your budget.
A good rule of thumb to go by is that your mortgage payment should be less than or around 30 percent of your net monthly income.
Step 2 – Speak with a real estate agent in Dublin
This is where I can help.
We'll book 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 talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Dublin area.
In addition, I'll help you get started on your loan.
I work with some of the finest mortgage professionals in Dublin, so you'll be in great hands.
They will assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Begin looking for a home
Following our initial meeting, I'll start finding homes on the market that are good for you.
I'll research many of the homes and reject the bad ones, and then we'll set up appointments to view the houses whenever it's convenient for you.
When we view the homes, I'll point out good features and bad ones. I'll also ask you about things you like and don't like.
It's pretty common for buyers to revise their list of must-haves as we tour houses and some things become more necessary than others.
If that happens, I'll search all the listings another time and narrow it down to the home you've been waiting for.
Step 4 – Know the market
My understanding of the Dublin home market is a necessary component in your house search. I am conscious of all the schools and neighborhoods, and I can communicate what districts are "hot" and call for immediate action and some that are "cool" and allow for more examination.
When we tour homes, I'll let you know if the seller's list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask lots of questions, as any real estate agent in Dublin will tell you they comprehend the market.
If it doesn't seem like they know everything, contact me at (925) 999-9531 or e-mail me at , and I'd be happy to answer your questions. My market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find the home you've been looking for
I'm confident we'll find the house of your dreams in Dublin. When we do, I'll carefully develop your home purchase offer. The offer will be tailored to suit your needs and the home, including some contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.
When we send in your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property. The amount is most often put towards the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
The state of the market determines how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that works well for you.
Step 7 – Get financing
Once the deal is finalized, you'll begin working with your lender to close the loan.
If you've been pre-qualified, it shouldn't take much time at all. But you should to keep in close contact with your mortgage lender.
And I'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of taking your application.
The estimate depends on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy. I'll review the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This will most often occur at a title company or escrow office and is often a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at (925) 999-9531 or e-mail me at .