Are you buying a new home in Centennial? Antle Properties / Metro Brokers can help.
Buying a home is stressful for a lot of people, but with a bit of up-front planning, it isn't too complicated.
So you understand exactly what to expect, we like to supply our buyers with a road map of the whole deal.
Here are our nine steps to buying a home.
Step 1 – Prepare to buy a home
There are a lot of things you should consider prior to commencing your home search.
You'll probably want to put together an index of items you want, get a feeling for what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good rule of thumb to go by.
Step 2 – Talk to a real estate agent in Centennial
This is where Antle Properties / Metro Brokers can help.
We'd love to arrange a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Centennial area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
In addition, we'll assist you in getting started on your loan.
There are some excellent mortgage professionals in Centennial, and we work with a lot of them, so you'll be in great hands.
They can help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start looking for a home
Following our initial meeting, we'll start finding available homes on the market that suit your needs.
We'll preview many of the homes and exclude the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.
When we tour houses, we'll point out positive features and bad ones. And we'll ask you what things you like and don't like.
It's widely common for buyers to change their list of must-haves as we view houses and some features become far more substantial than others.
If that's the situation, we'll look through the listings another time and narrow it down to the home you've been dreaming about.
Step 4 – Get a grasp of the housing market
Your agent's understanding of the Centennial housing market is a leading component in your house search. And we can assure you we're in touch with all the neighborhoods and school districts, and we'll alert you to certain neighborhoods are "hot" and warrant prompt action and the others that are "cold" and allow for more consideration.
As we view homes, we'll make sure to communicate if the asking price has room for negotiation or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Every REALTOR® in Centennial will claim to know the home market.
If it doesn't seem like they know everything, just call us at 303-284-3609 or e-mail us at firstname.lastname@example.org, and we'd be glad to answer any questions you have. Our understanding of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the home you've been looking for
We're certain we'll find the home of your dreams in the Centennial area. When we do, we'll precisely develop your real estate purchase offer. The offer will be tailored exactly to your needs, including some contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.
Upon sending in your offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property, and it's often put towards the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts don't close on the first offer – it's pretty common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market conditions determine 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 is best for you.
Step 7 – Obtain your loan
Upon finalizing the contract, you'll begin working with your lender to close the loan.
If you're already pre-approved, it won't take very long at all, but you should to keep in close contact with your mortgage lender.
And we'll deal with all the property information your lender needs to close the loan.>
Step 8 – Close the deal
Your lender will provide you with a Good Faith Estimate (GFE) detailing closing costs within three days of taking your application.
This estimate is formed from the loan amount. RESPA requirements order that it has to include all closing costs and be within a narrow range of accuracy, and we'll analyze the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This should occur at a title company or escrow office and will likely be a smooth and hassle-free occurrence.
Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you need anything, make sure you contact us at 303-284-3609 or send us an e-mail.