Buying a home in Fresno with Real Pro Properties
Buying a home is an intimidating event for a lot of people, but with some up-front planning, it's not too complex.
I like to supply buyers with a road map of the whole deal so they know exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to buy a home
Before you begin searching for a home, there are plenty of things you need to contemplate.
When you start your search, you'll probably want to make a list of features you need to have, plan for what neighborhoods and school districts you want to live in, and begin planning your budget.
A good rule of thumb to adhere to is that your mortgage payment should be less than a third of your net monthly income.
Step 2 – Speak with a real estate agent
This is where Real Pro Properties comes in.
I'd be happy to book a time to get together with you and communicate with you about why you want to buy a home and get an idea of your plans for the future.
We'll discuss 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 Fresno area.
I'll also help you begin the loan process.
There are some excellent mortgage professionals in Fresno, and I partner with a lot of them, so you'll be in great hands.
They'll help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
Following our first meeting, I'll start finding available houses on the market that are great for you.
I'll preview most of the houses and remove the duds, and then we'll set up appointments to tour the houses when it's most convenient for you.
When we tour houses, I'll point out good features and bad ones. And I'll ask you what things you like and don't like.
It's widely common for buyers to change their must-have list as we view houses and some features become more essential than others.
If that's the situation, I'll go back through the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Comprehend the market
Your agent's awareness of the Fresno market is a fundamental component in your house search. And I can assure you I'm familiar with all the schools and neighborhoods, and I can alert you to some neighborhoods are "hot" and call for prompt action and others that are "cool" and allow for cautiousness.
When we view homes, I'll make sure to communicate when the list price has room for negotiation and also when I know the house is "priced to sell."
When working with an agent, be on guard and make sure you ask plenty of questions, as every real estate agent will convince you they truly understand the home market.
If things don't add up, call me at (559) 440-9112 or e-mail me at , and I'd be more than happy to answer your questions. My market expertise will keep you a step above the rest throughout the entire process.
Step 5 – Find your dream home
I'm positive we'll find your dream home in Fresno. When we do, I'll carefully develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, carrying out the home inspection, and a clean title.
When turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to purchase the property, and it's typically put towards the closing costs. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows sufficient 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. Don't let this discourage you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the deal.
We'll also work within your financing budget. And at the end of the day, we'll formulate a contract that's best for you.
Step 7 – Secure your loan
After we sign the final deal, you'll start working with your mortgage lender to close the loan.
This shouldn't take long at all if you've been pre-approved, but you 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 lender will give you a Loan Estimate (LE) outlining closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your application.
This estimate depends on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a strict range of accuracy, and I'll go over the estimate and let you know if it all looks all right.
Then we'll close on your home. This will most likely take place at a title company or escrow office and is often a smooth and relaxing occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at (559) 440-9112 or e-mail me at .