Let Gammon Realty help you with purchasing a new home in Evansville
Purchasing a home is an intimidating event for most people, but it's not that hard with a little up-front planning.
So they'll know exactly what to expect, I will give buyers an outline of the entire deal.
Below are my nine steps to purchasing a home.
Should you have any questions about this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Get ready to purchase a home
There are many things you'll want to contemplate before you search for a home.
When you begin your search, you'll probably want to put together an outline of features you need, get a feel for what school districts and neighborhoods you'd like to live in, and start working on your budget.
Keeping your mortgage payment around 1/3 of your net monthly income is a good principle to follow.
Step 2 – Speak with a real estate agent
This is where Gammon Realty comes in.
We'll set up a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Evansville area.
In addition, I'll assist you in getting started on your loan.
Gammon Realty works with some of Evansville's best mortgage professionals, so you can rest assured that you're in great hands.
They will assist you with deciding which kind of loan is best for you and help you get approved.
Step 3 – Begin looking
Following our first meeting, I'll begin searching for houses on the market that suit your needs.
I'll research many of the houses and exclude the duds, and then we'll book appointments to tour the houses at a time that's convenient for you.
When we view the homes, I'll identify positive features and bad ones. I'll also ask you to point out what things you like and don't like.
It's pretty common for buyers to revise their list of must-haves as we tour houses and some things become far more crucial than others.
If that happens, I'll look through the listings once more and trim it down to the home you've been wishing for.
Step 4 – Get a grasp of the housing market
Your agent's knowledge of the Evansville home market is an imperative element in your house search. And I can assure you I'm familiar with all the neighborhoods and schools, and I'll communicate which neighborhoods are "hot" and warrant immediate action and the ones that are "cool" and allow for thoughtful examination.
As we tour houses, I'll make sure to communicate if the list price has room for negotiation or if I believe the home is "priced to sell."
Every real estate agent will convince you they truly know the housing market, but be careful, and be sure to ask your agent lots of questions.
If it doesn't seem like they know everything, just call me at (812) 436-9222 or e-mail me at , and I'd be happy to answer any questions you might have. My market knowledge will keep you a step above the rest through the entire process.
Step 5 – Find your dream house
I know we'll find the house of your dreams in Evansville. When that happens, I'll precisely develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, completing the home inspection, and a clean title.
When sending in your offer, you'll want to present "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property and is often put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing limits. And when it's all said and done, we'll compose a contract that works well for you.
Step 7 – Secure financing
After the deal is complete, you'll begin working with your mortgage lender to close the loan.
This shouldn't be a long process at all if you've been pre-approved, but you should to keep 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
Your lender will give you a Loan Estimate (LE) outlining your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of receiving your loan application.
This estimate depends on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a strict range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then we'll close on your home. This will most likely take place at a title company or escrow office and should be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact me at (812) 436-9222 or e-mail me at .