Buying or selling a home in Fresno? Real Pro Properties can help.
For a lot of people, buying a home can be a stressful event. But with a little up-front planning, it isn't very confusing. We like to provide buyers with an outline of the entire deal so they'll understand exactly what they can expect.
These are our nine steps to buying a home.
When you're ready to get started, simply contact us here . We will be glad to address any questions you have regarding this information.
Step 1 – Prepare to buy a home
There are plenty of things you'll want to consider before beginning your home search.
When you start your search, you'll want to form a check list of features you need, get a feeling for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
A good principle to follow is that your mortgage payment should be 30 percent of your net monthly income.
Step 2 – Speak with a real estate agent in Fresno
This is where we come in.
We can set up a time to meet so we can talk about your real estate needs and get an idea of your plans for the future.
We'll talk about everything from neighborhoods, schools in the Fresno area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.
We can also help you get started on your loan.
Real Pro Properties works with some of the finest mortgage professionals in Fresno, so you're in great hands.
They can assist you with choosing which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a home
After we meet, we'll start looking for homes on the market that are good for you.
we'll get a sneak peek of many of the houses and throw out the duds, and then we'll set up appointments to tour the homes when it's convenient for you.
When we tour houses, we point out good features, as well as negative ones. we'll even ask you to tell us about things you like and don't like.
It's common for buyers to revise their list of must-haves as we view homes and some features become more necessary than others.
If that happens, we'll go back through the listings one more time and trim it down to the house of your dreams.
Step 4 – Know the housing market
Your agent's awareness of the Fresno housing market is an imperative component in your house search. And we can assure you we are conscious of all the neighborhoods and schools, and we can alert you to what neighborhoods are "hot" and demand prompt action and others that are "cold" and allow for more analysis.
As we tour homes, we'll make sure to communicate when the list price has room for negotiation and when we think the house is "priced to sell."
When working with an agent, be careful and be sure to ask lots of questions. Any real estate agent in Fresno will convince you they understand the market.
If things don't add up, contact us at (559) 440-9112 or contact us here, and we will be more than happy to answer your questions. Our understanding of the market will help you stay a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
We'll find the home of your dreams in the Fresno area, and when we do, we precisely create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, completing the inspection, and a clean title, and , if needed, selling your current property.
Upon sending in your offer, you'll likely want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property and is usually put towards the closing costs. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer – it's extremely common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Obtain financing
After the contract is finalized, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take very long at all. But you need to stay in close contact with your lender.
And we'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of taking your loan application.
This estimate depends on the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a tight range of accuracy, and we'll analyze the estimate and let you know if everything looks all right.
Then it's time to close on your home. This will most likely happen at a title company or escrow office and will probably be a smooth and calm occasion.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply contact us at (559) 440-9112 or contact us at RealPro Properties.