Are you buying a new home in Bellevue or surrounding neighborhood? Northwest Real Estate can help.
Purchasing a home can be stressful for a lot of people, but with a little up-front planning, it's not that confusing.
I like to give buyers a road map of the whole deal so they'll understand exactly what they can expect.
Here are my nine steps to purchasing a home.
If you have any questions about this information or if you're prepared to get started, just contact me here or send e-mail to firstname.lastname@example.org
Step 1 – Prepare to buy a home
Prior to beginning your home search, there are plenty of things you should contemplate.
You'll probably want to assemble a list of features you want to have, get a plan of what neighborhoods and school districts you'd like to live in, and start planning your budget.
Ensuring your mortgage payment is less than or around a third of your net monthly income is a good rule to go by.
Step 2 – Get with a real estate agent in Bellevue
That's where I come in.
I 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, school districts in the Bellevue area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
I can also help you facilitate the loan process.
There are some great mortgage professionals in Bellevue, and I partner with a lot of them, so you'll be in great hands.
They will assist you with choosing which kind of loan is best for you and help you get qualified.
Step 3 – Begin house hunting
After we meet, I'll begin looking for available homes on the market that are good for you.
I'll get a sneak peek of most of the houses and reject the bad ones, and then we'll set up appointments to tour the homes at a time that's convenient for you.
As we view the homes, I'll call attention to good features and bad ones. I'll also ask you about things you like and dislike.
It's widely common for buyers to change their must-have list as we tour homes and some features become far more important than others.
If that happens, I'll search all the listings once more and narrow it down to the home of your dreams.
Step 4 – Know the housing market
An agent's understanding of the Bellevue market is a fundamental factor in your home search. And I assure you I'm informed of all the neighborhoods and school districts, and I will alert you to some neighborhoods are "hot" and warrant prompt action and the others that are "cool" and allow for thoughtful examination.
As we tour houses, I'll make sure to communicate when the seller's list price has room for bargaining and also when I know the house is "priced to sell."
When working with an agent, trust your instincts and make sure you ask a lot of questions. Every real estate agent will convince you they truly know the market.
If things don't add up, just call me at 2066861818 or e-mail me at email@example.com, and I'd be glad to answer any questions you may have. My knowledge of the market will keep you a step ahead through the entire process.
Step 5 – Find your dream home
I'm sure we'll find the home of your dreams in Bellevue, and when we do, I'll carefully develop your purchase offer. The offer will be tailored with your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
Upon presenting your offer, you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property, and it's usually applied to the cost of closing. If the offer is accepted, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer, and it's pretty common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your financing budget. And at the end of the day, we'll compose a contract that's best for you.
Step 7 – Obtain your loan
Upon finalizing the contract, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take long at all. However, you need to keep in close contact with your mortgage lender.
And I'll manage all the property information your lender will need to close the loan.>
You'll get a Good Faith Estimate (GFE) detailing your closing costs from your lender within three days of accepting your application.
This estimate depends on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a precise range of accuracy, and I'll go over the estimate and let you know if everything looks okay.
Then it's time to close on your house. This will most often occur at a title company or escrow office and will likely be a smooth and easygoing event.
Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, just contact me at 2066861818 or send me an e-mail.