Are you purchasing a home in Tucumcari?

With a little up-front planning, purchasing a home isn't all that hard, but the event is intimidating for many people. So they understand exactly what they can expect, I like to give buyers an outline of the entire deal. These are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
There are a lot of things you should consider before commencing your home search. When you start your search, you'll want to form a list of items you want to have, get an idea of what school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than or around 30 percent of your net monthly income is a good rule of thumb to follow.

Step 2 – Communicate with a real estate agent in Tucumcari
That's where I can help. I'd like to plan a time to get together with you and speak with you about your real estate needs and get an idea of your plans for the future. We'll talk about the mortgage and housing industries, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and school districts in the Tucumcari area.

I'll also help you get started on your loan. There are some great mortgage professionals in Tucumcari, and I partner with a lot of them, so you can rest assured that you're in great hands. They can assist you in choosing which type of loan is best for you and help you get qualified.

Step 3 – Begin your search
After our initial meeting, I'll begin looking for available homes on the market that suit your needs. I'll get a sneak peek of most of the homes and reject the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.

When we tour the homes, I'll identify good features, as well as bad ones. I'll also ask you to point out what things you like and dislike. It's pretty common for buyers to amend their must-have list as we tour houses and some items become far more crucial than others. If that happens, I'll search the listings again and trim it down to the house of your dreams.

Step 4 – Comprehend the market
My awareness of the Tucumcari market is a crucial factor in your house search. I'm conscious of all the neighborhoods and schools, and I will alert you to what areas are "hot" and require immediate action and some that are "cold" and allow for more consideration.

When we view houses, I'll be sure to tell you when the seller's asking price has room for negotiation and when I know the house is "priced to sell." Trust your instincts and make sure you ask a lot of questions, as any real estate agent will claim to comprehend the home market. If things don't add up, call me at 575 461-2100 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will keep you a step above the rest throughout the entire process.

Step 5 – Find the house you've been waiting for
I know we'll find your dream home in Tucumcari. When we do, I'll meticulously create your home purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the home inspection, and a clear title.

When we submit your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property, and it's most often applied to the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer. It's very common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.

Market conditions will play a large role in how aggressively we negotiate the deal. In addition, we'll work within your financing budget. And at the end of the day, we'll compose a contract that's best for you.

Step 7 – Secure financing
Upon completing the deal, you'll start working with your mortgage lender to close the loan. It shouldn't take very long at all if you're already pre-approved, but you should to stay in close contact with your lender. And I'll take care of 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) detailing your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of receiving your application. The estimate is formed from the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a strict range of accuracy. I'll examine the estimate and let you know if everything looks permissible.

Then it's time to close on your home. This will most often occur at a title company or escrow office and should be a smooth and hassle-free affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, simply call me at 575 461-2100 or e-mail me at .

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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