Buying a home in Tucson?
With some up-front planning, purchasing a home isn't too complex, but the event can be stressful for a lot of people.
I like to furnish buyers with an outline of the whole deal so they understand exactly what to expect.
Here are my nine steps to purchasing a home.
Should you have any questions about any of this information or if you're ready to get started, you can contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Get ready to buy a home
Before you begin your home search, there are several things you need to contemplate.
You'll probably want to put together an index of features you need, get an idea of what neighborhoods and school districts you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good principle to go by.
Step 2 – Talk to a real estate agent in Tucson
This is where I can help.
I can book a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll talk about neighborhoods, schools in the Tucson area, the mortgage and housing industries, and any additional economic factors that could potentially affect your buying decision today or in the future.
I'll also help you start the loan process.
There are some very good mortgage professionals in Tucson, and I partner with a lot of them, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Start looking
After we meet for the first time, I'll start finding available houses 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 tour the homes when it's convenient for you.
When we tour the houses, I'll show you the positive features, as well as bad ones. I'll also ask you to tell me about things you like and dislike.
It's common for buyers to change their wish list as we view homes and some things become more essential than others.
If that happens, I'll search the listings one more time and trim it down to the home you've been waiting for.
Step 4 – Get a feel for the market
An agent's knowledge of the Tucson market is a leading factor in your house search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I will alert you to certain neighborhoods are "hot" and warrant immediate action and the others that are "cold" and allow for more consideration.
As we view homes, I'll make sure to communicate when the asking price has room for negotiation and when I think the home is "priced to sell."
Any REALTOR® will convince you they comprehend the market, but be on guard, and make sure you ask your agent lots of questions.
If things don't add up, just call me at (520) 406.0689 or e-mail me at email@example.com, and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the home you've been waiting for
I'm confident we'll find your dream house in Tucson. When we do, I'll thoroughly create your purchase offer. The offer will be tailored to suit your needs, including a lot of contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.
When sending in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property, and it's most often put towards the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer. It's extremely common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the contract depends on market conditions.
We'll also work within your financing budget. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Secure financing
After we sign the final deal, you'll begin working with your lender to close the loan.
If you've been pre-approved, this shouldn't take much time at all. But you need to stay in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs 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 getting your loan application.
The estimate depends on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and fall within a strict range of accuracy. I'll examine the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will probably take place at a title company or escrow office and will most often be a smooth and relaxing occurrence.
Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at (520) 406.0689 or send me an e-mail.