Purchasing your new home in Dublin with Provident Realty Group
With a little planning ahead of time, buying a home isn't very hard, but the event intimidates a lot of people.
I like to supply buyers with an outline of the entire deal so they'll know exactly what they can expect.
Here are my nine steps to buying a home.
Should you have questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are a lot of things you need to consider before starting your home search.
You'll most likely want to assemble an index of features you want, plan for what school districts you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good rule of thumb to go by.
Step 2 – Communicate with a real estate agent
This is where Provident Realty Group can help.
We can arrange a time to meet 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 purchase today or in the future, as well as neighborhoods and schools in the Dublin area.
In addition, I'll assist you with getting started on your loan.
There are some great mortgage professionals in Dublin, and I partner with a lot of them, so you can rest assured that you're in great hands.
They can assist you in determining which type of loan is best for you and help you get approved.
Step 3 – Begin house-hunting
Following our first meeting, I'll start looking for available homes on the market that meet your needs.
I'll preview many of the houses and reject the bad ones, and then we'll schedule appointments to view the homes when it's convenient for you.
As we view houses, I'll identify good features and bad ones. And I'll ask you to point out what things you like and dislike.
It's common for buyers to revise their wish list as we tour homes and some things become far more essential than others.
If that's the case, I'll look through the listings another time and narrow it down to the house you've been dreaming about.
Step 4 – Know the housing market
Your agent's understanding of the Dublin home market is a crucial aspect in your house search. And I can assure you I'm informed of all the neighborhoods and schools, and I'll let you know what areas are "hot" and call for immediate action and some that are "cold" and allow for more examination.
As we view houses, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell."
Every REALTOR will convince you they comprehend the housing market, but be careful, and be sure to ask your agent a lot of questions.
If it appears they don't know everything, call me at 9259999531 or e-mail me at , and I'd be glad to answer any questions you may have. My market expertise will help you stay a step above the rest throughout the entire deal.
Step 5 – Find your dream house
We'll find your dream home in the Dublin area, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are acquiring financing, finishing the home inspection, and a clear title.
When sending in your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property and is usually put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
The state of the market will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your financing budget. And when it's all said and done, we'll assemble a contract that's best for you.
Step 7 – Secure your loan
After the contract is finished, you'll start working with your mortgage lender to close the loan.
If you've been pre-approved, this won't take long at all. However, you'll need to keep in close contact with your lender.
And I'll sort out all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) of your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your loan application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a strict range of accuracy, and I'll go over the estimate and let you know if everything looks okay.
Then we'll close on your house. This should occur at a title company or escrow office and should be a smooth and peaceful event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, simply call me at 9259999531 or e-mail me at .