Are you contemplating buying your home in Evansville? Gammon Realty can help.
Purchasing a home can be stressful for a lot of people. However, with a little up-front planning, it isn't all that hard.
So they'll understand exactly what to expect, I like to supply buyers with an outline of the entire deal.
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 happy to answer questions you have about this information.
Step 1 – Get ready to buy a home
There are a lot of things you need to contemplate before you start searching for a home.
When you start your search, you'll want to create an outline of items you want, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning around your budget.
A good rule of thumb to go by is that your mortgage payment should be close to 1/3 of your monthly income.
Step 2 – Talk to a real estate agent in Evansville
That's where I can help.
We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about 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 Evansville area.
I can also assist you with getting started on your loan.
Gammon Realty partners with some of Evansville's finest mortgage professionals, so you're in great hands.
They will help you determine which type of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
After we meet for the first time, I'll begin looking for available homes on the market that best suit you.
I'll preview most of the houses and remove the duds, and then we'll set up appointments to view the homes when it's convenient for you.
When we tour the houses, I'll call attention to positive features, as well as bad ones. And I'll ask you to tell us about things you like and don't like.
Most often, buyers amend their list of must-haves as we tour homes and some items become more crucial than others.
If that's the case, I'll go back through all the listings once more and narrow it down to the home you've been dreaming about.
Step 4 – Know the housing market
Your agent's knowledge of the Evansville market is a crucial element in your house search. And I assure you I'm mindful of all the neighborhoods and schools, and I can communicate certain neighborhoods are "hot" and demand prompt action and the ones that are "cold" and allow for more examination.
When we tour houses, I'll make sure to communicate when the asking price has room for negotiation and also when I believe the house is "priced to sell."
When working with an agent, be careful and make sure you ask a lot of questions. Every REALTOR will tell you they truly understand the market.
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 glad to answer your questions. My market expertise will keep you a step above the rest through the entire process.
Step 5 – Find the home you've been looking for
I'm sure we'll find your dream home in Evansville. When that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, carrying out the inspection, and a clean title.
Upon turning in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property, and it's usually applied to the closing costs. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals don't close on the first offer – it's extremely 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 decline the seller's offer and go on.
Market circumstances determine how aggressively we negotiate the deal.
In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a contract that's best for you.
Step 7 – Obtain your loan
Upon finalizing the contract, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take much time at all. But you should to stay in close contact with your mortgage lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your loan application.
The estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a strict range of accuracy. I'll review the estimate and let you know if it all looks adequate.
Then we'll close on your home. This will most often happen at a title company or escrow office and should be a smooth and stress-free occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to call me at (812) 436-9222 or e-mail me at .